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Freeport 11520 Freeport
263 Branch Avenue
$225,000
● House - Off Market

263 Branch Avenue

Hempstead, NY 11520
bedrooms
3 Beds
bathrooms
2 Baths
$465,326
RealtyHop Estimate
86.13%
Since Oct 1, 2014
National-US
Primary Model

About This Property

Magnificent Mid Block 3 Bedroom Split, Gleaming Hardwood Floors, New Roof, Deck, Furnace, Hot Water Heater And More (Taxes With Star $10,604.51)  Seller Is Grieving Taxes "This Is An Approved Short Sale", Additional information: Appearance:Diamond,Separate Hotwater Heater:Y
Unit Size
-
Days on Market
-
Land Size
0.12 acres
Price per sqft
-
Property Type
House
Property Taxes
$992
HOA Dues
-
Year Built
1959

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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 #KEYL2607024)

Price History

Date / Event Date Event Price
May 11, 2021 Sold
Premium
Sold
Oct 1, 2014 Sold
Premium
Sold
Aug 12, 2013 Listed by Coldwell Banker Residential $250,000
Listed by Coldwell Banker Residential
Jul 10, 2003 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 369
  • Garage Type: 7
  • Garage Square Area: 99
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,100
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 510
  • Total Building Area: 1,665
  • Building Area: 1,665
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,665
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP OF RANDALL BAY ESTATES SECTION 1
  • Land Acres: 0000000117
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 009

Neighborhood

  • School District Name: Freeport Union Free School District
  • School Tax School District: 009
  • School Tax District Code 2: FPT
  • Census Tract: 414501

Geography

  • District: 282009
  • Section: 62
  • Parcel: 62-227-00-0031
  • Block: 227
  • Lot: 31
  • Municipality: FREEPORT
  • Latitude: 40.6351
  • Longitude: -73.5906

    Address

  • Full Address: 263 Branch Ave
  • Address - House Number: 263
  • Address - Street Name: Branch
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Freeport
  • Carrier Code: C023
  • 4-Digit Zip Code: 6008
  • Zip Code: 11520

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $883,381
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 603,628
  • High Value: 701,037
  • Low Value: 506,220

    Market Valuation

  • Market Total Value: $428,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $428
  • Assessed Land Value: $151
  • Assessed Improvements Value: $277

    Sales

  • Current Sale Contract Date: Apr 01, 2021
  • Current Sale Recording Date: May 11, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2021-062394
  • Previous Sale Recording Date: Oct 01, 2014
  • Previous Sale Contract Date: Sep 17, 2014
  • Previous Sale Amount: $225,000
  • Previous Sale Document Type: 12

    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 Freeport

Stats & Trends

Median Asking:

$649,000

Sale Price/ft²

$416

Below Asking

0.01%

Average Days on Market

89

Average Home Size

2838 ft²

Average Home Age

68.7 years

Currently For Sale

71 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 175 S Brookside Avenue, Freeport, NY, 11520

$4,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,523 ft²
175 S Brookside Avenue, Freeport, NY, 11520 Listing by Meliza Berrios

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 263 Branch Avenue built and last sold?
The property at 263 Branch Avenue was built in 1959 and last sold on Apr 1, 2021 for $155,000.
How much is this home worth?
The estimated value of the home located at 263 Branch Avenue is $252,500.
What are some comparable homes to 263 Branch Avenue?
There are currently no comparable homes to 263 Branch Avenue.
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