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Sound Beach 11789 Sound Beach
240 Echo Avenue
$395,000
● House - Off Market

240 Echo Avenue

Brookhaven, NY 11789
bedrooms
1 Bed
bathrooms
1 Bath
$2,147
Est. Monthly
12.80%
Cap Rate

About This Property

Pride in ownership is evident, this may be a small space but it's got big house energy! Spacious rooms with ample storage, Eat in Kitchen has a full 13 feet of cabinetry. Unique Nursery space can be used as an office or guest room. Entry foyer smartly holds the washer dryer with the rear door closest to the driveway serving as the primary entrance. Huge dry storage area in the partial basement. One year old Roof and exterior doors, Come check it out!, Additional information: Appearance:Mint,Separate Hotwater Heater:N
Unit Size
-
Days on Market
71 days
Land Size
0.18 acres
Price per sqft
-
Property Type
House
Property Taxes
$555
HOA Dues
-
Year Built
1958

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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 #KEYL3588685)

Price History

Date / Event Date Event Price
Jan 16, 2025 Sold
Premium
Sold
Dec 2, 2024 In contract -
In contract
Oct 31, 2024 Listed by Signature Premier Properties $324,240
Listed by Signature Premier Properties
Jul 23, 2020 Sold
Premium
Sold
Jun 4, 2020 In contract -
In contract
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 660
  • Building Area: 660
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 660
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOUND BEACH
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: SOUND BEACH 657 SEC 5 11176 TO 11179 INC

Neighborhood

  • School District Name: Miller Place Union Free School District
  • School Tax School District: MILLER PLACE
  • Census Tract: 158317

Geography

  • Assessors Map Reference: MAP 1400657
  • Account Number: 00001415490
  • District: 0200-0
  • Section: 72.00
  • Parcel: 0200-072.00-01.00-018.000
  • Block: 1
  • Lot: 18.000
  • Municipality: BROOKHAVEN
  • Latitude: 40.951
  • Longitude: -72.9855

    Address

  • Full Address: 240 Echo Ave
  • Address - House Number: 240
  • Address - Street Name: Echo
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Sound Beach
  • Carrier Code: R002
  • 4-Digit Zip Code: 2318
  • Zip Code: 11789

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 472208

    Appraisal Valuation

  • Standard Deviation: 0.2314
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 53
  • Final Value: 381,318
  • High Value: 469,580
  • Low Value: 293,055

    Market Valuation

  • Market Total Value: $2,732
  • Market Land Value: $463
  • Market Improvement Value: $2,269

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,475
  • Assessed Land Value: $250
  • Assessed Improvements Value: $1,225

    Sales

  • Current Sale Contract Date: Jul 23, 2020
  • Current Sale Recording Date: Aug 13, 2020
  • 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 Sound Beach

Stats & Trends

Median Asking:

$549,900

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

83

Average Home Size

1721 ft²

Average Home Age

68.2 years

Currently For Sale

31 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 7 Riverhead Road, Sound Beach, NY, 11789

$4,000 /mo

  • 3 Beds
  • 2 Baths
  • 2,250 ft²
7 Riverhead Road, Sound Beach, NY, 11789 Listing by Lisa A. Jaeger

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 240 Echo Avenue built and last sold?
The property at 240 Echo Avenue was built in 1958 and last sold on Jul 23, 2020 for $182,500.
How much is this home worth?
The estimated value of the home located at 240 Echo Avenue is $327,482.
What are some comparable homes to 240 Echo Avenue?
There are currently no comparable homes to 240 Echo Avenue.
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