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Central Islip 11722 Central Islip
22 Milano Avenue
$445,000
● House - Off Market

22 Milano Avenue

Islip, NY 11722
bedrooms
4 Beds
bathrooms
1 Bath
$456,167
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

Beautiful and totally renovated ranch that offers a lot of opportunities for the small and big family. new windows, new roof, new siding, new fridge, new stove, new kitchen, new floors and walls nicely painted., Additional information: Interior Features:Lr/Dr
Unit Size
-
Days on Market
101 days
Land Size
0.17 acres
Price per sqft
-
Property Type
House
Property Taxes
$631
HOA Dues
-
Year Built
1973

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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: 6 months ago (OneKey MLS #KEYL3366062)

Price History

Date / Event Date Event Price
May 5, 2023 Withdrawn -
Withdrawn
Jan 30, 2023 Listed by Island Advantage Realty LLC $499,990
Listed by Island Advantage Realty LLC
May 23, 2022 Sold
Premium
Sold
Apr 7, 2022 Sold
Premium
Sold
Jan 31, 2022 In contract -
In contract
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Bedroom Count: 0
  • 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: 1
  • Garage Square Area: 231
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,388
  • Building Area: 1,157
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,157
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP OF ISLIP GARDENS
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: X2222944Y209471 T012H00000000

Neighborhood

  • School District Name: Central Islip Union Free School District
  • School Tax School District: CENTRAL ISLIP
  • Census Tract: 145706

Zoning

  • Zoning: B

Geography

  • District: 0500-0
  • Section: 50.07
  • Parcel: 0500-079.00-02.00-047.006
  • Block: 9000
  • Lot: 200.047
  • Municipality: ISLIP
  • Latitude: 40.7978
  • Longitude: -73.1944

    Address

  • Full Address: 22 Milano Ave
  • Address - House Number: 22
  • Address - Street Name: Milano
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Central Islip
  • Carrier Code: C024
  • 4-Digit Zip Code: 2402
  • Zip Code: 11722

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,024,846
  • Tax Rate Code Area: 472813

    Appraisal Valuation

  • Standard Deviation: 0.1464
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 82
  • Final Value: 487,624
  • High Value: 559,036
  • Low Value: 416,212

    Market Valuation

  • Market Total Value: $442,307
  • Market Land Value: $79,670
  • Market Improvement Value: $362,637

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $32,200
  • Assessed Land Value: $5,800
  • Assessed Improvements Value: $26,400

    Sales

  • Current Sale Contract Date: Apr 06, 2022
  • Current Sale Recording Date: May 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Dec 07, 2021
  • Previous Sale Contract Date: Oct 29, 2021
  • Previous Sale Amount: $287,500
  • 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 Central Islip

Stats & Trends

Median Asking:

$579,000

Sale Price/ft²

$390

Above Asking

0.00%

Average Days on Market

92

Average Home Size

1613 ft²

Average Home Age

60 years

Currently For Sale

48 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 83 Milmay Avenue, Hauppauge, NY, 11788

$4,500 /mo

  • 2 Beds
  • 1 Bath
  • 6,854 ft²
83 Milmay Avenue, Hauppauge, NY, 11788 Listing by Michael Y. Fong
Unit for rent at 441 Lincoln Boulevard, Hauppauge, NY, 11788

$2,715 /mo

  • 1 Bed
  • 1 Bath
  • 720 ft²
441 Lincoln Boulevard #21D, Hauppauge, NY, 11788 Listing by Michelle Holmes
Unit for rent at 4 E Walnut Street, Central Islip, NY, 11722

$2,300 /mo

  • 1 Bed
  • 1 Bath
  • 2,130 ft²
4 E Walnut Street #FLOOR1, Central Islip, NY, 11722 Listing by Ryan Joshua Hodulick

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 6 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 22 Milano Avenue built and last sold?
The property at 22 Milano Avenue was built in 1973 and last sold on Apr 6, 2022 for $455,000.
How much is this home worth?
The estimated value of the home located at 22 Milano Avenue is $504,990.
What are some comparable homes to 22 Milano Avenue?
There are currently no comparable homes to 22 Milano Avenue.
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