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Wantagh 11793 Wantagh
2546 Riverside Drive
$356,000
● House - Off Market

2546 Riverside Drive

Hempstead, NY 11793
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,470 Ft²
$605,129
RealtyHop Estimate
59.24%
Since Oct 1, 2017
National-US
Primary Model

About This Property

Great Opportunity, Bring Your Investors And Builders, Home Is As Is, Needs Tlc, Home Sits On Wide Lagoon With Floating Dock, Terrific Investment For The Right Person Who Always Wanted To Be On The Water,2 Baths, Large Master Br, Living  Rm With Fpl, Trex Deck  Vinyl Siding, Additional information: Appearance:Good,Interior Features:Lr/Dr,Separate Hotwater Heater:Y
Unit Size
1,470 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$259
Property Type
House
Property Taxes
$1,074
HOA Dues
-
Year Built
1928

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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 #KEYL2932744)

Price History

Date / Event Date Event Price
Sep 14, 2017 Sold
Premium
Sold
Apr 25, 2017 Listed by Douglas Elliman Real Estate $380,000
Listed by Douglas Elliman Real Estate

Property Highlights

With View
Fireplace

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 14

    Dimensions

  • Lot Size Square Feet: 4,240
  • Lot Size Depth Feet: 1,060
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,470
  • Building Area: 1,470
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,470
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MANDALAY ON THE BAY WANTAGH
  • Land Acres: 0000000097
  • 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: 63-192-00-0951
  • Block: 192
  • Lot: 951-952
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6571
  • Longitude: -73.5177

    Address

  • Full Address: 2546 Riverside Dr
  • Address - House Number: 2546
  • Address - Street Name: Riverside
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Wantagh
  • Carrier Code: C030
  • 4-Digit Zip Code: 4546
  • Zip Code: 11793

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,456,422
  • Tax Rate Code Area: 125

    Appraisal Valuation

  • Standard Deviation: 0.1687
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 78
  • Final Value: 695,516
  • High Value: 812,890
  • Low Value: 578,143

    Market Valuation

  • Market Total Value: $522,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $522
  • Assessed Land Value: $201
  • Assessed Improvements Value: $321

    Sales

  • Current Sale Contract Date: Sep 08, 2017
  • Current Sale Recording Date: Sep 14, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 201700092051
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

1976 ft²

Average Home Age

66.1 years

Currently For Sale

24 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 3535 Park Avenue, Wantagh, NY, 11793

$2,500 /mo

  • 1 Bed
  • 1 Bath
  • 800 ft²
3535 Park Avenue, Wantagh, NY, 11793 Listing by Deena Ceffalia
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 2546 Riverside Drive built and last sold?
The property at 2546 Riverside Drive was built in 1928 and last sold on Sep 8, 2017 for $356,000.
How much is this home worth?
The estimated value of the home located at 2546 Riverside Drive is $400,859.
What are some comparable homes to 2546 Riverside Drive?
There are currently no comparable homes to 2546 Riverside Drive.
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