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Hempstead 11550 Hempstead
218 Long Beach Road
$520,000
● House - Off Market

218 Long Beach Road

Hempstead, NY 11550
bedrooms
4 Beds
bathrooms
3 Baths
$576,727
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Must see this spacious, lovely, high ranch! First floor with large bedroom, full bath, living room, and den or office, attached garage, laundry area, and utilities. Second floor with bright eat in kitchen with vaulted ceiling and sky light, dining room, living room, full bath, master bedroom with full bath and walk in closet, and two more nice sized bedrooms. Complete with central air conditioning, gas for heat and cooking, roof is 5 years old with lifetime warranty, and beautiful fenced in yard! Taxes not including STAR exemption of $1503.
Unit Size
-
Days on Market
77 days
Land Size
0.09 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,368
HOA Dues
-
Year Built
1997

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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 #ONE3308959)

Price History

Date / Event Date Event Price
Jul 19, 2021 Sold
Premium
Sold
May 8, 2021 In contract -
In contract
May 3, 2021 Listed by Century 21 American Homes $499,000
Listed by Century 21 American Homes
Apr 9, 1997 Sold
Premium
Sold
Jun 3, 1996 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Total Rooms: 2
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0
  • Location Influence Type: 1

    Dimensions

  • Lot Size Square Feet: 4,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 400
  • Total Building Area: 2,418
  • Building Area: 2,418
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,418
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000092
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 001

Neighborhood

  • School District Name: Hempstead Union Free School District
  • School Tax School District: 001
  • School Tax District Code 2: HEM
  • Census Tract: 407101

Geography

  • District: 282013
  • Section: 36
  • Parcel: 36-018-00-0050
  • Block: 18
  • Lot: 50-51
  • Municipality: HEMPSTEAD
  • Latitude: 40.6906
  • Longitude: -73.6184

    Address

  • Full Address: 218 Long Beach Rd
  • Address - House Number: 218
  • Address - Street Name: Long Beach
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Hempstead
  • Carrier Code: C029
  • 4-Digit Zip Code: 7401
  • Zip Code: 11550

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,024,446
  • Tax Rate Code Area: 399

    Appraisal Valuation

  • Standard Deviation: 0.1941
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 74
  • Final Value: 700,882
  • High Value: 836,939
  • Low Value: 564,825

    Market Valuation

  • Market Total Value: $426,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $426
  • Assessed Land Value: $103
  • Assessed Improvements Value: $323

    Sales

  • Current Sale Contract Date: Jul 19, 2021
  • Current Sale Recording Date: Jul 28, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2021-099396
  • Previous Sale Recording Date: Apr 09, 1997
  • Previous Sale Contract Date: Apr 03, 1997
  • Previous Sale Amount: $180,000
  • Previous 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 Hempstead

Stats & Trends

Median Asking:

$650,000

Sale Price/ft²

$433

Below Asking

0.01%

Average Days on Market

96

Average Home Size

1617 ft²

Average Home Age

80 years

Currently For Sale

61 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 111 Hempstead Turnpike, West Hempstead, NY, 11552

$4,360 /mo

  • 2 Beds
  • 2 Baths
  • 1,035 ft²
111 Hempstead Turnpike, West Hempstead, NY, 11552 Listing by Danielle Zangre ABR PSA SFR

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 218 Long Beach Road built and last sold?
The property at 218 Long Beach Road was built in 1997 and last sold on Jul 19, 2021 for $520,000.
How much is this home worth?
The estimated value of the home located at 218 Long Beach Road is $0.
What are some comparable homes to 218 Long Beach Road?
There are currently no comparable homes to 218 Long Beach Road.
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