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Ridge 11961 Ridge
25 Corchaug Trail
$420,000
● House - Off Market

25 Corchaug Trail

Brookhaven, NY 11961
bedrooms
3 Beds
bathrooms
2 Baths
$397,759
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Charming 3 bedroom 2 full bath ranch located in a private lake community which offers so much and is located down the block from the lake beach, hardwood floors, ceiling fans, eat in kitchen, living room, lots of anderson windows for natural light, ductless ac unit, full finished basement with hi-hats, pergo flooring, laundry area, full bathroom, storage, corner lot, shed, Lake Panamoka offers its own civic association, mandatory $5 yearly lot fee with additional voluntary yearly membership ($225 for 1st time members) which gives you access to the lake with 3 beach locations, swim, fish, boat (non-motorized), kayak and paddle board, bathrooms & showers, boat storage, outdoor movie nights, volleyball, cornhole, social events at the community center, fire house located in community,
Unit Size
-
Days on Market
-
Land Size
0.14 acres
Price per sqft
-
Property Type
House
Property Taxes
$790
HOA Dues
-
Year Built
2000

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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: 4 months ago (OneKey MLS #KEYL3484649)

Price History

Date / Event Date Event Price
Jun 26, 2023 In contract -
In contract
Jun 13, 2023 Listed by Exit Realty Island Elite $400,000
Listed by Exit Realty Island Elite
Aug 23, 2002 Sold
Premium
Sold
Dec 6, 2000 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • 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: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • 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: 1,000
  • Building Area: 1,000
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 1,000
  • 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 1305 SEC 2 544

Neighborhood

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

Geography

  • Assessors Map Reference: MAP 2001305
  • Account Number: 00002009890
  • District: 0200-1
  • Section: 194.00
  • Parcel: 0200-194.00-03.00-040.000
  • Block: 3
  • Lot: 40.000
  • Municipality: BROOKHAVEN
  • Latitude: 40.9195
  • Longitude: -72.8459

    Address

  • Full Address: 25 Corchaug Trl
  • Address - House Number: 25
  • Address - Street Name: Corchaug
  • Address - Suffix Type: Trl
  • State: NY
  • City Name: Ridge
  • Carrier Code: R001
  • 4-Digit Zip Code: 2239
  • Zip Code: 11961

Valuation

    Tax

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

    Appraisal Valuation

  • Standard Deviation: 0.2703
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 45
  • Final Value: 419,597
  • High Value: 533,033
  • Low Value: 306,160

    Market Valuation

  • Market Total Value: $3,981
  • Market Land Value: $370
  • Market Improvement Value: $3,611

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,150
  • Assessed Land Value: $200
  • Assessed Improvements Value: $1,950

    Sales

  • Current Sale Contract Date: Aug 11, 2023
  • Current Sale Recording Date: Aug 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 23, 2002
  • Previous Sale Contract Date: Aug 07, 2002
  • Previous Sale Amount: $179,900
  • 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:

$489,999

Sale Price/ft²

$365

Below Asking

0.01%

Average Days on Market

81

Average Home Size

1476 ft²

Average Home Age

45.9 years

Currently For Sale

42 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: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 25 Corchaug Trail built and last sold?
The property at 25 Corchaug Trail was built in 2000 and last sold on Aug 11, 2023 for $420,000.
How much is this home worth?
The estimated value of the home located at 25 Corchaug Trail is $404,000.
What are some comparable homes to 25 Corchaug Trail?
There are currently no comparable homes to 25 Corchaug Trail.
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