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East Meadow 11554 East Meadow
240 Bernice Drive
$535,000
● House - Off Market

240 Bernice Drive

Hempstead, NY 11554
bedrooms
4 Beds
bathrooms
3 Baths
$807,031
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model

About This Property

Lovely Exp Cape On Oversized Property. M/D With Proper Permits. ..Gleaming Hardwood Throughout.  Updated Master Bath, Oversized Closets, Storage Galore, Full Basement W/Oversized Outside Ent. Updated Heating W/Extra Large Hot Water Heater, 200 Amp Electric, Huge Cedar Closet.  Oversized Detached Finished Garage Includes Loft/Studio With Heat/Air Conditioners And 100 Amp Electric,  Oversized Reinforced Driveway. Too Many Extras To List.. Low Low Taxes!!! Tax Impact Ltr Attached., Additional information: Appearance:Excellent
Unit Size
-
Days on Market
-
Land Size
0.16 acres
Price per sqft
-
Property Type
House
Property Taxes
$804
HOA Dues
-
Year Built
1953

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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 #KEYL3062736)

Price History

Date / Event Date Event Price
Jul 8, 2019 Sold
Premium
Sold
Jun 7, 2019 Sold
Premium
Sold
Sep 6, 2018 Listed by Century 21 American Homes $549,000
Listed by Century 21 American Homes

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Total Rooms: 8
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: 6
  • Building Quality: 8
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 308
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,380
  • Gross Building Area: 1,380
  • Building Area: 1,380
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,380
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000161
  • Standard Land Use Code: 1001
  • County Land Use Code: 2150
  • Legal Description 1: TOWN #1 SCH DIST 003

Neighborhood

  • School District Name: East Meadow Union Free School District
  • School Tax School District: 003
  • Census Tract: 408300

Geography

  • District: 282089
  • Section: 51
  • Parcel: 51-442-00-0012
  • Block: 442
  • Lot: 12
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.7187
  • Longitude: -73.5346

    Address

  • Full Address: 240 Bernice Dr
  • Address - House Number: 240
  • Address - Street Name: Bernice
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: East Meadow
  • Carrier Code: C010
  • 4-Digit Zip Code: 3502
  • Zip Code: 11554

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,162,264
  • Tax Rate Code Area: 086

    Appraisal Valuation

  • Standard Deviation: 0.1603
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 80
  • Final Value: 683,018
  • High Value: 792,552
  • Low Value: 573,483

    Market Valuation

  • Market Total Value: $505,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $505
  • Assessed Land Value: $268
  • Assessed Improvements Value: $237

    Sales

  • Current Sale Contract Date: Jun 07, 2019
  • Current Sale Recording Date: Jul 08, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2019-055671

    Financing

  • First Mortgage Financing Type: FIX
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 East Meadow

Stats & Trends

Median Asking:

$799,000

Sale Price/ft²

$505

Below Asking

0.01%

Average Days on Market

83

Average Home Size

1989 ft²

Average Home Age

57.8 years

Currently For Sale

56 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 750 Highview Avenue, Westbury, NY, 11590

$2,200 /mo

  • 2 Beds
  • 1 Bath
  • 2,019 ft²
750 Highview Avenue, Westbury, NY, 11590 Listing by Fatma M. Abdalla CBR
Unit for rent at 22 Shelter Lane, Levittown, NY, 11756

$4,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,050 ft²
22 Shelter Lane, Levittown, NY, 11756 Listing by Damian Ross SFR CBR
Unit for rent at 102 Division, Levittown, NY, 11756

$2,500 /mo

  • 1 Bed
  • 1 Bath
102 Division #1C, Levittown, NY, 11756 Listing by Barbara Gunn

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 240 Bernice Drive built and last sold?
The property at 240 Bernice Drive was built in 1953 and last sold on Jun 7, 2019 for $535,000.
How much is this home worth?
The estimated value of the home located at 240 Bernice Drive is $554,490.
What are some comparable homes to 240 Bernice Drive?
There are currently no comparable homes to 240 Bernice Drive.
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