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Riverhead 11901
26 Melene Avenue
$289,900
● House - Off Market

26 Melene Avenue

Riverhead, NY 11901
bedrooms
3 Beds
bathrooms
1 Bath
$301,507
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

*** Contract vendee *** "As-is" sale. Great for investor, flipper, handyman . Cash offers. Tenant occupied and wants to stay.  Currently paying $2500 per month.  3 bed, 1 bath, full basement.  Recently updated.
Unit Size
-
Days on Market
-
Land Size
0.21 acres
Price per sqft
-
Property Type
House
Property Taxes
$461
HOA Dues
-
Year Built
1950

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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 years ago (OneKey MLS #3419050)

Price History

Date / Event Date Event Price
Oct 28, 2022 Sold
Premium
Sold
Sep 5, 2022 Sold
Premium
Sold
Aug 16, 2022 In contract -
In contract
Jul 27, 2022 Listed by New Door Properties LLC $289,900
Listed by New Door Properties LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 5
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,148
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 600
  • Total Building Area: 800
  • Building Area: 800
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 800
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP MILL BROOK GABLES
  • Land Acres: 0000000210
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: *1544 LOT 37 MILL BROOK GABLES

Neighborhood

  • School District Name: Riverhead Central School District
  • School Tax School District: RIVERHEAD
  • Census Tract: 169800

Zoning

  • Zoning: 03 - MULTI

Geography

  • Account Number: 17
  • District: 0600-1
  • Section: 105.00
  • Parcel: 0600-105.00-02.00-016.000
  • Block: 2
  • Lot: 16.000
  • Municipality: RIVERHEAD
  • Latitude: 40.9338
  • Longitude: -72.6522

    Address

  • Full Address: 26 Melene Ave
  • Address - House Number: 26
  • Address - Street Name: Melene
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Riverhead
  • Carrier Code: C012
  • 4-Digit Zip Code: 2539
  • Zip Code: 11901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 473002

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 82
  • Final Value: 286,594
  • High Value: 327,940
  • Low Value: 245,248

    Market Valuation

  • Market Total Value: $269,106
  • Market Land Value: $68,891
  • Market Improvement Value: $200,215

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,000
  • Assessed Land Value: $6,400
  • Assessed Improvements Value: $18,600

    Sales

  • Current Sale Contract Date: Sep 02, 2022
  • Current Sale Recording Date: Oct 28, 2022
  • 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 Riverhead

Stats & Trends

Median Asking:

$599,000

Sale Price/ft²

$389

Below Asking

0.01%

Average Days on Market

85

Average Home Size

1752 ft²

Average Home Age

58.6 years

Currently For Sale

39 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

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OneKey

Last Updated: 4 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 26 Melene Street built and last sold?
The property at 26 Melene Street was built in 1950 and last sold on Sep 2, 2022 for $240,000.
How much is this home worth?
The estimated value of the home located at 26 Melene Street is $0.
What are some comparable homes to 26 Melene Street?
There are currently no comparable homes to 26 Melene Street.
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