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Ridge 11961 Ridge
242 Lakeside Trail
$179,000
● House - Off Market

242 Lakeside Trail

Brookhaven, NY 11961
bedrooms
4 Beds
bathrooms
1 Bath
$319,667
RealtyHop Estimate
64.78%
Since Apr 1, 2017
National-US
Primary Model

About This Property

Enjoy Scenic Lake Views & Just A Short Walk To The Private Community Beach; Backyard Is Private & Great For Entertaining; Spacious Rooms With Open Floor Plan; 1 Yr+ Home Warranty Included!   Convenient To Highways; Motivated Seller; Easy To Coordinate A Showing Too!, Additional information: Appearance:Excellent,Separate Hotwater Heater:N
Unit Size
-
Days on Market
-
Land Size
0.14 acres
Price per sqft
-
Property Type
House
Property Taxes
$728
HOA Dues
-
Year Built
1955

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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 #KEYL2886990)

Price History

Date / Event Date Event Price
Jun 7, 2023 Sold
Premium
Sold
Mar 2, 2023 Sold
Premium
Sold
Jan 23, 2023 In contract -
In contract
Jan 10, 2023 Listed by Realty Connect USA L I Inc $399,000
Listed by Realty Connect USA L I Inc
Apr 4, 2017 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
With View

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,098
  • Total Building Area: 1,608
  • Building Area: 1,608
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 1,608
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE PANAMOKA
  • Land Acres: 0000000140
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: LAKE PANAMOKA 1705 SEC 7 913

Neighborhood

  • School District Name: Longwood Central School District
  • School Tax School District: LONGWOOD
  • Census Tract: 158412

Geography

  • Assessors Map Reference: MAP 2001705
  • Account Number: 00002015630
  • District: 0200-1
  • Section: 172.00
  • Parcel: 0200-172.00-02.00-020.000
  • Block: 2
  • Lot: 20.000
  • Municipality: BROOKHAVEN
  • Latitude: 40.9278
  • Longitude: -72.8508

    Address

  • Full Address: 242 Lakeside Trl
  • Address - House Number: 242
  • Address - Street Name: Lakeside
  • Address - Suffix Type: Trl
  • State: NY
  • City Name: Ridge
  • Carrier Code: R001
  • 4-Digit Zip Code: 2208
  • Zip Code: 11961

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 472212

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 393,399
  • High Value: 450,154
  • Low Value: 336,645

    Market Valuation

  • Market Total Value: $4,166
  • Market Land Value: $370
  • Market Improvement Value: $3,796

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,250
  • Assessed Land Value: $200
  • Assessed Improvements Value: $2,050

    Sales

  • Current Sale Contract Date: Mar 02, 2023
  • Current Sale Recording Date: Jun 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Apr 04, 2017
  • Previous Sale Contract Date: Mar 09, 2017
  • Previous Sale Amount: $179,000
  • Previous Sale Document Type: 12
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 Ridge

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$367

Below Asking

0.01%

Average Days on Market

84

Average Home Size

1466 ft²

Average Home Age

47.9 years

Currently For Sale

52 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 126 Overhill Road, Wading River, NY, 11792

$7,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,600 ft²
126 Overhill Road, Wading River, NY, 11792 Listing by Mariana Nunes

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 242 Lakeside Trail built and last sold?
The property at 242 Lakeside Trail was built in 1955 and last sold on Mar 2, 2023 for $420,000.
How much is this home worth?
The estimated value of the home located at 242 Lakeside Trail is $402,990.
What are some comparable homes to 242 Lakeside Trail?
There are currently no comparable homes to 242 Lakeside Trail.
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