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Wantagh 11793 Wantagh
2479 Riverside Drive
$685,000
● House - Off Market

2479 Riverside Drive

Hempstead, NY 11793
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
$3,808
Est. Monthly
6.08%
Cap Rate

About This Property

Welcome to 2479 Riverside Dr, a beautifully updated starter home in the highly desirable Mandalay Bay area of Wantagh. This charming 3-bedroom, 1.5-bath home was fully renovated in 2019, featuring a modern kitchen with brand-new appliances and stylishly updated bathrooms. Perfectly located just around the corner from Mandalay School and Wantagh Park, it offers easy access to local shops, restaurants, and transportation, including parkways and the Wantagh train station. This move-in-ready home provides the ideal combination of comfort and convenience in a sought-after neighborhood. Don't miss your chance to make it yours!, Additional information: Appearance:Great,Separate Hotwater Heater:1
Unit Size
-
Days on Market
72 days
Land Size
0.09 acres
Price per sqft
-
Property Type
House
Property Taxes
$862
HOA Dues
-
Year Built
1933

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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 #KEYL3591002)

Price History

Date / Event Date Event Price
Jan 24, 2025 Sold
Premium
Sold
Dec 4, 2024 In contract -
In contract
Nov 13, 2024 Listed by Mint Homes LI LLC $599,999
Listed by Mint Homes LI LLC
Jan 24, 2020 Sold
Premium
Sold
Nov 25, 2019 Sold
Premium
Sold
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1933
  • Effective Year Built: 1933
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 8
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 175
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 324
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,583
  • Building Area: 1,583
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,583
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000092
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 023

Neighborhood

  • School District Name: Wantagh Union Free School District
  • School Tax School District: 023
  • Census Tract: 415700

Geography

  • District: 282089
  • Section: 63
  • Parcel: 63-182-00-0051
  • Block: 182
  • Lot: 51-52
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.659
  • Longitude: -73.5174

    Address

  • Full Address: 2479 Riverside Dr
  • Address - House Number: 2479
  • Address - Street Name: Riverside
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Wantagh
  • Carrier Code: C030
  • 4-Digit Zip Code: 4543
  • Zip Code: 11793

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,002,888
  • Tax Rate Code Area: 125

    Appraisal Valuation

  • Standard Deviation: 0.1768
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 77
  • Final Value: 504,330
  • High Value: 593,508
  • Low Value: 415,152

    Market Valuation

  • Market Total Value: $366,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $366
  • Assessed Land Value: $149
  • Assessed Improvements Value: $217

    Sales

  • Current Sale Contract Date: Nov 25, 2019
  • Current Sale Recording Date: Jan 24, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2020-008787

    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 Wantagh

Stats & Trends

Median Asking:

$849,999

Sale Price/ft²

$484

Below Asking

0.01%

Average Days on Market

86

Average Home Size

2028 ft²

Average Home Age

64.3 years

Currently For Sale

21 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 1539 Park Avenue, Merrick, NY, 11566

$4,000 /mo

  • 3 Beds
  • 1 Bath
  • 1,386 ft²
1539 Park Avenue, Merrick, NY, 11566 Listing by Lisa J. DeTurris

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 2479 Riverside Drive built and last sold?
The property at 2479 Riverside Drive was built in 1933 and last sold on Nov 25, 2019 for $380,000.
How much is this home worth?
The estimated value of the home located at 2479 Riverside Drive is $605,999.
What are some comparable homes to 2479 Riverside Drive?
There are currently no comparable homes to 2479 Riverside Drive.
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