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Wading River 11792
266 Sylvan Drive
Photo of 266 Sylvan Drive
Sold on May 18, 2023

24

Map

Photo of 266 Sylvan Drive
Photo of 266 Sylvan Drive
$521,000
● House - Off Market

266 Sylvan Drive

Riverhead, NY 11792
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,000 Ft²
$478,683
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Be ready to fall in love with this beautiful ranch home perfectly placed on sloping landscaped grounds. All new stone retaining walls, newly updated front porch with cable wire railings, IG sprinklers, Detached 1.5 Car Garage, 24x24 Shed/Workshop with loft and fenced backyard. Home features Newer Kitchen w/granite, SS appliances & Propane for cooking, Brand new Bathroom, Hardwood Floors, King size Primary BR, Biasi Heating System & Hot water heater, Smart thermostats, Generator hookup & Full Basement. Located in Lewin Hills with Beach rights. Close to restaurants, beach, farms, wineries, Wildwood State Park and all the north shore has to offer. Amazing home with so much to offer!, Additional information: Appearance:Pristine,Separate Hotwater Heater:Y
Unit Size
1,000 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$475
Property Type
House
Property Taxes
$897
HOA Dues
-
Year Built
1955

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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 #KEYL3457577)

Price History

Date / Event Date Event Price
Aug 15, 2023 Sold
Premium
Sold
May 18, 2023 Sold
Premium
Sold
Mar 1, 2023 In contract -
In contract
Feb 9, 2023 Listed by Coldwell Banker M&D Good Life $475,000
Listed by Coldwell Banker M&D Good Life
Dec 31, 2008 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • 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: 4
  • Garage Square Area: 1,056
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,553
  • Total Building Area: 1,664
  • Building Area: 1,664
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,664
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000380
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Riverhead Central School District
  • School Tax School District: RIVERHEAD
  • Census Tract: 169701

Zoning

  • Zoning: 02 - SINGL

Geography

  • Account Number: 40
  • District: 0600-0
  • Section: 27.00
  • Parcel: 0600-027.00-01.00-016.000
  • Block: 1
  • Lot: 16.000
  • Municipality: RIVERHEAD
  • Latitude: 40.9655
  • Longitude: -72.8217

    Address

  • Full Address: 266 Sylvan Dr
  • Address - House Number: 266
  • Address - Street Name: Sylvan
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Wading River
  • Carrier Code: R005
  • 4-Digit Zip Code: 1851
  • Zip Code: 11792

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,076,639
  • Tax Rate Code Area: 473002

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 82
  • Final Value: 198,717
  • High Value: 227,385
  • Low Value: 170,048

    Market Valuation

  • Market Total Value: $568,353
  • Market Land Value: $100,108
  • Market Improvement Value: $468,245

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $52,800
  • Assessed Land Value: $9,300
  • Assessed Improvements Value: $43,500

    Sales

  • Current Sale Contract Date: May 18, 2023
  • Current Sale Recording Date: Aug 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Dec 31, 2008
  • Previous Sale Contract Date: Dec 18, 2008
  • Previous Sale Amount: $310,000
  • Previous 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 Wading River

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$369

Below Asking

0.02%

Average Days on Market

94

Average Home Size

2247 ft²

Average Home Age

55 years

Currently For Sale

31 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

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 266 Sylvan Drive built and last sold?
The property at 266 Sylvan Drive was built in 1955 and last sold on May 18, 2023 for $521,000.
How much is this home worth?
The estimated value of the home located at 266 Sylvan Drive is $481,138.
What are some comparable homes to 266 Sylvan Drive?
There are currently no comparable homes to 266 Sylvan Drive.
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