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Franklin Square 11003 Franklin Square
263 Clement Avenue
Photo of 263 Clement Avenue
Sold on Aug 15, 2022

34

Map

Photo of 263 Clement Avenue
Photo of 263 Clement Avenue
$690,000
● House - Off Market

263 Clement Avenue

Hempstead, NY 11003
bedrooms
3 Beds
bathrooms
3 Baths
$748,901
RealtyHop Estimate
7.14%
Since Sep 1, 2022
NY-New York
Primary Model

About This Property

AS IS SALE. Fabulous Home In Mint Condition Available For Investment And/Or End Users. Possible Mother/Daughter With Proper Permits. Exquisite Second Floor Living Space. Main Floor Boasts Two Bedrooms, Full Bath, EIK, LR/DR With Plenty Of Closet Space. The Renovated Basement Has An Outside Entrance. Large Usable Space That Adds Infinite Value To This Property. Outside Patio, Fenced Yard, & Detached 2-Car Garage. This House Delivers Beauty, Space, Price, And Location...A MUST SEE!!, Additional information: Appearance:Excellent,Interior Features:Lr/Dr
Unit Size
-
Days on Market
-
Land Size
0.14 acres
Price per sqft
-
Property Type
House
Property Taxes
$778
HOA Dues
-
Year Built
1948

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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: 2 years ago (OneKey MLS #KEYL3386225)

Price History

Date / Event Date Event Price
Oct 6, 2022 Sold
Premium
Sold
Aug 15, 2022 Sold
Premium
Sold
Apr 15, 2022 In contract -
In contract
Mar 25, 2022 Listed by Blue Island Homes NY LLC $699,000
Listed by Blue Island Homes NY LLC
Mar 8, 2022 No longer available -
No longer available
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Total Rooms: 8
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: 6
  • 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: 2
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,350
  • Gross Building Area: 1,350
  • Building Area: 1,350
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,350
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • Standard Land Use Code: 1101
  • County Land Use Code: 2200
  • Legal Description 1: TOWN #1 SCH DIST 016

Neighborhood

  • School District Name: Sewanhaka Central High School District
  • School Tax School District: 016
  • Census Tract: 405400

Geography

  • District: 282089
  • Section: 35
  • Parcel: 35-051-00-0019
  • Block: 51
  • Lot: 19
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.701
  • Longitude: -73.6858

    Address

  • Full Address: 263 Clement Ave
  • Address - House Number: 263
  • Address - Street Name: Clement
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Elmont
  • Carrier Code: C016
  • 4-Digit Zip Code: 3401
  • Zip Code: 11003

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $949,516
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 471

    Appraisal Valuation

  • Standard Deviation: 0.0933
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 91
  • Final Value: 679,292
  • High Value: 742,711
  • Low Value: 615,872

    Market Valuation

  • Market Total Value: $461,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $461
  • Assessed Land Value: $267
  • Assessed Improvements Value: $194

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 15, 2022
  • Current Sale Recording Date: Oct 06, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2022-100489
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 Franklin Square

Stats & Trends

Median Asking:

$829,000

Sale Price/ft²

$555

Below Asking

0.01%

Average Days on Market

88

Average Home Size

1696 ft²

Average Home Age

75 years

Currently For Sale

34 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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$3,600 /mo

  • 2 Beds
  • 2 Baths
  • 1,000 ft²
267 Plainfield Avenue #1F, Floral Park, NY, 11001 Listing by Yu Nung Kuo
Unit for rent at 182 Lowell Avenue, Floral Park, NY, 11001

$3,600 /mo

  • 3 Beds
  • 1 Bath
182 Lowell Avenue #UPPER, Floral Park, NY, 11001 Listing by Lucy A. Brunelli
Unit for rent at 134 Stuart Avenue, Valley Stream, NY, 11580

$3,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,883 ft²
134 Stuart Avenue, Valley Stream, NY, 11580 Listing by Sabreen Qaiyum

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 263 Clement Avenue built and last sold?
The property at 263 Clement Avenue was built in 1948 and last sold on Aug 15, 2022 for $690,000.
How much is this home worth?
The estimated value of the home located at 263 Clement Avenue is $0.
What are some comparable homes to 263 Clement Avenue?
There are currently no comparable homes to 263 Clement Avenue.
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