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Riverhead 11901
215 Old Farm Road
Photo of 215 Old Farm Road
Sold on Jun 20, 2023

33

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Photo of 215 Old Farm Road
Photo of 215 Old Farm Road
$531,000
● House - Off Market

215 Old Farm Road

Riverhead, NY 11901
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
$480,804
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Discover this 4 bedroom 1.5 bath colonial home filled with chartered and scenic beauty. Offering tons of natural light, plenty of room for entertaining and it can easily be renovated/remodeled to fit a variety of tastes.From the large yard, oversized bedrooms, 200 Amp electrical service to the full unfinished basement this house has tons of potential for its next homeowner! Located in the hamlet of Riverhead with many of Long Island attractions and amenities there is something for everyone. Enjoy the best farm stands, world-class wineries or entertainment at the Long Island aquarium, Splish-splash and/or the vibrant downtown life with tons of shopping and dining. North Fork Living at its finest with easy access to the hamptons., Additional information: Appearance:TLC,Separate Hotwater Heater:N
Unit Size
-
Days on Market
-
Land Size
0.38 acres
Price per sqft
-
Property Type
House
Property Taxes
$564
HOA Dues
-
Year Built
1991

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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: 2 years ago (OneKey MLS #KEYL3473841)

Price History

Date / Event Date Event Price
Aug 7, 2023 Sold
Premium
Sold
Jun 20, 2023 Sold
Premium
Sold
May 1, 2023 In contract -
In contract
Apr 26, 2023 Listed by EXP Realty $479,999
Listed by EXP Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,553
  • Lot Size Frontage Feet: 898
  • Total Building Area: 1,446
  • Building Area: 1,446
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,446
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 2
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP OF BEAR ESTATES
  • Land Acres: 0000000380
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: MAP OF BEAR ESTATES MAP # 9095 FILED 5/10/91 LOT 59

Neighborhood

  • School District Name: Riverhead Central School District
  • School Tax School District: RIVERHEAD
  • Census Tract: 169903

Zoning

  • Zoning: RA40

Geography

  • Account Number: 17
  • District: 0600-0
  • Section: 82.00
  • Parcel: 0600-082.00-05.00-002.000
  • Block: 5
  • Lot: 2.000
  • Municipality: RIVERHEAD
  • Latitude: 40.9451
  • Longitude: -72.6686

    Address

  • Full Address: 215 Old Farm Rd
  • Address - House Number: 215
  • Address - Street Name: Old Farm
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Riverhead
  • Carrier Code: R003
  • 4-Digit Zip Code: 6614
  • Zip Code: 11901

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $512,082
  • Tax Rate Code Area: 473002

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 82
  • Final Value: 470,476
  • High Value: 538,350
  • Low Value: 402,601

    Market Valuation

  • Market Total Value: $342,303
  • Market Land Value: $86,114
  • Market Improvement Value: $256,189

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,800
  • Assessed Land Value: $8,000
  • Assessed Improvements Value: $23,800

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 20, 2023
  • Current Sale Recording Date: Aug 07, 2023
  • 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 Riverhead

Stats & Trends

Median Asking:

$589,999

Sale Price/ft²

$394

Below Asking

0.01%

Average Days on Market

86

Average Home Size

1827 ft²

Average Home Age

58.9 years

Currently For Sale

42 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

Rentals Near You

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OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 215 Old Farm Road built and last sold?
The property at 215 Old Farm Road was built in 1991 and last sold on Jun 20, 2023 for $531,000.
How much is this home worth?
The estimated value of the home located at 215 Old Farm Road is $484,799.
What are some comparable homes to 215 Old Farm Road?
There are currently no comparable homes to 215 Old Farm Road.
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