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West Islip 11795 West Islip
229 Sequams Center Lane
$740,000
● House - Off Market

229 Sequams Center Lane

West Islip, NY 11795
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
$798,624
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Charming & Renovated Waterfront Cape with EF, LR w/Gas Fireplace & Skylight, Dining Room, Den, EIK w/SS Appliances & Sliding Door to Backyard, Master Bedroom on 1st Floor with WIC and Master Bath, Laundry Room & Half Bath. 2nd Floor has 2 Bedrooms and Full Bath with Tub. Located South of Montauk Highway in the Sequams Colony Subdivision with 60 Ft of New Bulkhead and Just Doors to the Great South Bay. Roof Deck with Enclosed Sun Room with Views Galore. Radiant Heat Under Tile Floors Throughout Entire 1st Floor. 60' x 125' Fenced Parcel with Shed & IGS.
Unit Size
-
Days on Market
195 days
Land Size
0.17 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,515
HOA Dues
-
Year Built
-

Payment Calculator

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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 #ONE3430026)

Price History

Date / Event Date Event Price
May 18, 2023 Sold
Premium
Sold
Mar 27, 2023 Sold
Premium
Sold
Nov 14, 2022 Relisted $775,000
Relisted
Nov 14, 2022 In contract -
In contract
Nov 8, 2022 Price Decreased $775,000
↓ $20K (2.5%)
Price Decreased
Show More

Property Highlights

Air Conditioning
With View
Fireplace

Building Info

Overview

    General

  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 600
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: X2190512Y169491 T052H00000000

Neighborhood

  • School District Name: West Islip Union Free School District
  • School Tax School District: WEST ISLIP
  • Census Tract: 146902

Zoning

  • Zoning: A

Geography

  • District: 0500-4
  • Section: 50.47
  • Parcel: 0500-476.00-02.00-061.000
  • Block: 6000
  • Lot: 200.061
  • Municipality: ISLIP
  • Latitude: 40.6888
  • Longitude: -73.3126

    Address

  • Full Address: 229 Sequams Lane Ctr
  • Address - House Number: 229
  • Address - Street Name: Sequams Lane
  • Address - Suffix Type: Ctr
  • State: NY
  • City Name: West Islip
  • Carrier Code: C007
  • 4-Digit Zip Code: 4529
  • Zip Code: 11795

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,718,293
  • Tax Rate Code Area: 472809

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 749,471
  • High Value: 857,596
  • Low Value: 641,347

    Market Valuation

  • Market Total Value: $858,516
  • Market Land Value: $233,516
  • Market Improvement Value: $625,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $62,500
  • Assessed Land Value: $17,000
  • Assessed Improvements Value: $45,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 27, 2023
  • Current Sale Recording Date: May 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33

    Financing

  • First Mortgage Financing Type: ADJ
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 West Islip

Stats & Trends

Median Asking:

$749,900

Sale Price/ft²

$433

Below Asking

0.01%

Average Days on Market

82

Average Home Size

2211 ft²

Average Home Age

61.4 years

Currently For Sale

34 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: 3 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 229 Sequams Lane West built and last sold?
The property at 229 Sequams Lane West was built in and last sold on Mar 27, 2023 for $740,000.
How much is this home worth?
The estimated value of the home located at 229 Sequams Lane West is $782,750.
What are some comparable homes to 229 Sequams Lane West?
There are currently no comparable homes to 229 Sequams Lane West.
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