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Baiting Hollow 11933
228 Park Road
$332,000
● House - Off Market

228 Park Road

Riverhead, NY 11901
bedrooms
2 Beds
bathrooms
1 Bath
square feet
650 Ft²
$522,403
RealtyHop Estimate
51.47%
Since Nov 1, 2018
National-US
Primary Model

About This Property

Totally Renovated In 2014. Custom Cabinets, Ss Appliances, Newer Plumbing, Electric, Cesspool, Hardwood Floors Throughout. Hot/Cold Outside Shower. Close To Beach. A Wonderful Summer/Retreat., Additional information: Appearance:Diamond,Separate Hotwater Heater:Yes
Unit Size
650 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$531
Property Type
House
Property Taxes
$518
HOA Dues
-
Year Built
1948

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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: 4 months ago (OneKey MLS #KEYL3044302)

Price History

Date / Event Date Event Price
Nov 27, 2018 Sold
Premium
Sold
Sep 7, 2018 No longer available -
No longer available
Aug 8, 2018 Listed $344,900
Listed
Totally Renovated In 2014. Custom Cabinets, Ss Appliances, Newer Plumbing, Electric, Cesspool, Hardwood Floors Throughout. Hot/Cold Outside Shower. Close To Beach. A Wonderful Summer/Retreat. The manager has listed the unit size as 650 square feet.
Jun 29, 2018 Listed by Bagshaw Real Estate L.L.C $344,900
Listed by Bagshaw Real Estate L.L.C
Sep 23, 2017 Sold
Premium
Sold
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 805
  • Building Area: 805
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 10
  • Heated Square Feet: 805
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP REEVE PARK ESTATES
  • Land Acres: 0000000140
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: *1276 REEVES PK ESTS LOT 3

Neighborhood

  • School District Name: Riverhead Central School District
  • School Tax School District: RIVERHEAD
  • Census Tract: 169703

Zoning

  • Zoning: 03 - MULTI

Geography

  • Account Number: 21
  • District: 0600-0
  • Section: 14.00
  • Parcel: 0600-014.00-02.00-004.000
  • Block: 2
  • Lot: 4.000
  • Municipality: RIVERHEAD
  • Latitude: 40.9742
  • Longitude: -72.7123

    Address

  • Full Address: 228 Park Rd
  • Address - House Number: 228
  • Address - Street Name: Park
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Riverhead
  • Carrier Code: R001
  • 4-Digit Zip Code: 1068
  • Zip Code: 11901

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $725,061
  • Tax Rate Code Area: 473002

    Appraisal Valuation

  • Standard Deviation: 0.2545
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 64
  • Final Value: 611,720
  • High Value: 767,427
  • Low Value: 456,013

    Market Valuation

  • Market Total Value: $377,825
  • Market Land Value: $59,203
  • Market Improvement Value: $318,622

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,100
  • Assessed Land Value: $5,500
  • Assessed Improvements Value: $29,600

    Sales

  • Current Sale Contract Date: Oct 31, 2018
  • Current Sale Recording Date: Nov 27, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Sep 23, 2017
  • Previous Sale Contract Date: Jul 27, 2017
  • Previous Sale Amount: $339,000
  • Previous Sale Document Type: 12
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 Baiting Hollow

Stats & Trends

Median Asking:

$649,900

Sale Price/ft²

$461

Below Asking

0.02%

Average Days on Market

85

Average Home Size

1386 ft²

Average Home Age

47.8 years

Currently For Sale

25 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 3002 Willow Pond Drive, Riverhead, NY, 11901

$3,250 /mo

  • 2 Beds
  • 2 Baths
  • 1,374 ft²
3002 Willow Pond Drive, Riverhead, NY, 11901 Listing by Rene A. Giacobbe

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 228 Park Road built and last sold?
The property at 228 Park Road was built in 1948 and last sold on Oct 31, 2018 for $332,000.
How much is this home worth?
The estimated value of the home located at 228 Park Road is $0.
What are some comparable homes to 228 Park Road?
There are currently no comparable homes to 228 Park Road.
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