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North Babylon 11703 North Babylon
213 Farhan Lane
$570,000
● House - Off Market

213 Farhan Lane

North Babylon, NY 11703
bedrooms
4 Beds
bathrooms
2 Baths
$577,883
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Don't miss this Charming Expanded Ranch on Oversized property Located on a quiet street in North Babylon near all shops and Parkways featuring 4 Bedrooms, 2 Full Baths, Eat-In-Kitchen, Formal Dining Room, Full Basement Partially Finished w/Utilities and Laundry Area, 2 Ductless A/C Units, 200amp electric service, 3 zone Heat, Gas Cooking-Fireplace-Dryer and great yard for entertaining.
Unit Size
-
Days on Market
100 days
Land Size
0.22 acres
Price per sqft
-
Property Type
House
Property Taxes
$961
HOA Dues
-
Year Built
1955

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (OneKey MLS #ONE3302557)

Price History

Date / Event Date Event Price
Sep 22, 2021 Sold
Premium
Sold
Jul 21, 2021 Sold
Premium
Sold
Apr 19, 2021 In contract -
In contract
Apr 12, 2021 Listed by Signature Premier Properties $500,000
Listed by Signature Premier Properties

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,652
  • Lot Size Depth Feet: 1,270
  • Lot Size Frontage Feet: 760
  • Total Building Area: 1,343
  • Building Area: 1,343
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,379
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000221
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: FILED MAP 2468 LOT 115

Neighborhood

  • School District Name: North Babylon Union Free School District
  • School Tax School District: NORTH BABYLON
  • Census Tract: 122603

Zoning

  • Zoning: C

Geography

  • Account Number: 20231721400
  • District: 0100-1
  • Section: 114.00
  • Parcel: 0100-114.00-01.00-039.000
  • Block: 1
  • Lot: 39.000
  • Municipality: BABYLON
  • Latitude: 40.7362
  • Longitude: -73.3269

    Address

  • Full Address: 213 Farhan Ln
  • Address - House Number: 213
  • Address - Street Name: Farhan
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: North Babylon
  • Carrier Code: C017
  • 4-Digit Zip Code: 2508
  • Zip Code: 11703

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,305,714
  • Tax Rate Code Area: 472003

    Appraisal Valuation

  • Standard Deviation: 0.2263
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 68
  • Final Value: 676,164
  • High Value: 829,247
  • Low Value: 523,081

    Market Valuation

  • Market Total Value: $6,061
  • Market Land Value: $576
  • Market Improvement Value: $5,485

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,000
  • Assessed Land Value: $380
  • Assessed Improvements Value: $3,620

    Sales

  • Current Sale Contract Date: Jul 21, 2021
  • Current Sale Recording Date: Sep 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About North Babylon

Stats & Trends

Median Asking:

$649,000

Sale Price/ft²

$419

Below Asking

0.01%

Average Days on Market

94

Average Home Size

1549 ft²

Average Home Age

63.2 years

Currently For Sale

32 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 134 Veronica Lane, North Babylon, NY, 11703

$4,950 /mo

  • 3 Beds
  • 2 Baths
  • 1,017 ft²
134 Veronica Lane, North Babylon, NY, 11703 Listing by Helen A. Thompson

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 3 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 213 Farhan Lane built and last sold?
The property at 213 Farhan Lane was built in 1955 and last sold on Jul 21, 2021 for $570,000.
How much is this home worth?
The estimated value of the home located at 213 Farhan Lane is $0.
What are some comparable homes to 213 Farhan Lane?
There are currently no comparable homes to 213 Farhan Lane.
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