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Springs 11937
23 16th Street
$699,000
● House - Off Market

23 16th Street

East Hampton, NY 11937
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,600 Ft²
$850,035
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model

About This Property

Well kept charming Ranch nestled in East Hampton. Vaulted ceilings in LR farm sink in large kitchen with dining area Full basement. Lots of natural light. Sliding doors from master bedroom to deck. Pull through driveway. Close to shopping and beach., Additional information: Appearance:Excellent,Separate Hotwater Heater:yes
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$437
Property Type
House
Property Taxes
$262
HOA Dues
-
Year Built
-

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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: 5 months ago (OneKey MLS #KEYL3246793)

Price History

Date / Event Date Event Price
Jun 4, 2021 Sold
Premium
Sold
Apr 21, 2021 Sold
Premium
Sold
Nov 6, 2020 In contract -
In contract
Aug 27, 2020 Listed by Signature Premier Properties $699,000
Listed by Signature Premier Properties
Jan 16, 1998 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

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: 11,326
  • 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: 0000000260
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Springs Union Free School District
  • School Tax School District: SPRINGS
  • Census Tract: 201009

Geography

  • District: 0300-0
  • Section: 78.00
  • Parcel: 0300-078.00-02.00-008.000
  • Block: 2
  • Lot: 8.000
  • Municipality: EAST HAMPTON
  • Latitude: 41.017
  • Longitude: -72.1629

    Address

  • Full Address: 23 16th St
  • Address - House Number: 23
  • Address - Street Name: 16th
  • Address - Suffix Type: St
  • State: NY
  • City Name: East Hampton
  • Carrier Code: C016
  • 4-Digit Zip Code: 4133
  • Zip Code: 11937

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 472404

    Appraisal Valuation

  • Standard Deviation: 0.2381
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 66
  • Final Value: 1,155,745
  • High Value: 1,431,013
  • Low Value: 880,477

    Market Valuation

  • Market Total Value: $13,041
  • Market Land Value: $811
  • Market Improvement Value: $12,230

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,825
  • Assessed Land Value: $300
  • Assessed Improvements Value: $4,525

    Sales

  • Current Sale Contract Date: Apr 20, 2021
  • Current Sale Recording Date: Jun 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Previous Sale Recording Date: Jan 16, 1998
  • Previous Sale Contract Date: Jan 07, 1998
  • Previous Sale Amount: $130,000
  • 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 Springs

Stats & Trends

Median Asking:

$1,498,000

Sale Price/ft²

$986

Below Asking

0.03%

Average Days on Market

116

Average Home Size

2315 ft²

Average Home Age

38.6 years

Currently For Sale

17 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 34 Underwood Drive, East Hampton, NY, 11937

$10,000 /mo

  • 6 Beds
  • 3 Baths
  • 2,700 ft²
34 Underwood Drive, East Hampton, NY, 11937 Listing by Mary Binder RSPS
Unit for rent at 63 Gardiners Lane, East Hampton, NY, 11937

$3,500 /mo

  • 1 Bed
  • 1 Bath
  • 576 ft²
63 Gardiners Lane, East Hampton, NY, 11937 Listing by Mary Stubelek

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 5 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 23 16th Street built and last sold?
The property at 23 16th Street was built in and last sold on Apr 20, 2021 for $699,000.
How much is this home worth?
The estimated value of the home located at 23 16th Street is $754,585.
What are some comparable homes to 23 16th Street?
There are currently no comparable homes to 23 16th Street.
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