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North Babylon 11703 North Babylon
23 Thorman Lane
$480,000
● House - Off Market

23 Thorman Lane

North Babylon, NY 11703
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
$532,408
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Wide Line Hi Ranch. This Home Has Been in the Family For Years. Now They are Ready For the New Owners to Continue Many More Years of Wonderful Memories. With 5 Bedrooms & 2 Full Baths There is Plenty of Room For All. Updated Roof, Siding, Windows & Hardwood Floors Throughout. Located on a Quiet Block & Set on a Half Acre of Manicured Landscaped Property.
Unit Size
-
Days on Market
127 days
Land Size
0.27 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,018
HOA Dues
-
Year Built
1964

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: 2 years ago (OneKey MLS #ONE3308036)

Price History

Date / Event Date Event Price
Nov 4, 2021 Sold
Premium
Sold
Sep 3, 2021 Sold
Premium
Sold
Jun 7, 2021 In contract -
In contract
May 27, 2021 In contract -
In contract
May 27, 2021 Relisted $469,000
Relisted
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 11,880
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 880
  • Total Building Area: 2,066
  • Building Area: 2,066
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,066
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000272
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: FILED MAP 3808 SEC. 9 LOT 12

Neighborhood

  • School District Name: North Babylon Union Free School District
  • School Tax School District: NORTH BABYLON
  • Census Tract: 122603

Zoning

  • Zoning: C

Geography

  • Account Number: 20231500140
  • District: 0100-0
  • Section: 86.00
  • Parcel: 0100-086.00-03.00-041.000
  • Block: 3
  • Lot: 41.000
  • Municipality: BABYLON
  • Latitude: 40.746
  • Longitude: -73.3296

    Address

  • Full Address: 23 Thorman Ln
  • Address - House Number: 23
  • Address - Street Name: Thorman
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: North Babylon
  • Carrier Code: C007
  • 4-Digit Zip Code: 1116
  • Zip Code: 11703

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,113,737
  • Tax Rate Code Area: 472003

    Appraisal Valuation

  • Standard Deviation: 0.245
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 65
  • Final Value: 617,404
  • High Value: 768,723
  • Low Value: 466,086

    Market Valuation

  • Market Total Value: $5,167
  • Market Land Value: $667
  • Market Improvement Value: $4,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,410
  • Assessed Land Value: $440
  • Assessed Improvements Value: $2,970

    Exemptions

  • Veteran Exemption: Yes
  • Disabled Exemption: Yes

    Sales

  • Current Sale Recording Date: Nov 04, 2021
  • Current Sale Price:
    Premium
  • Current 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 North Babylon

Stats & Trends

Median Asking:

$649,000

Sale Price/ft²

$413

Below Asking

0.01%

Average Days on Market

89

Average Home Size

1539 ft²

Average Home Age

66.5 years

Currently For Sale

24 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

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 23 Thorman Lane built and last sold?
The property at 23 Thorman Lane was built in 1964 and last sold on Jan 1, 1970 for $480,000.
How much is this home worth?
The estimated value of the home located at 23 Thorman Lane is $0.
What are some comparable homes to 23 Thorman Lane?
There are currently no comparable homes to 23 Thorman Lane.
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