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Babylon 11702 Babylon
272 Locust Avenue
$605,000
● House - Off Market

272 Locust Avenue

Babylon, NY 11702
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,482 Ft²
$3,909
Est. Monthly

About This Property

Beautiful Colonial in the heart of Babylon Village, close proximity to Argyle Park!  This 3 bedroom, 2 Full bathroom has been tastefully renovated and meticulously kept. Updated light and bright eat in kitchen with gorgeous granite counters & stainless steel appliances. Anderson sliders lead to the yard, which makes for perfect summer entertaining!  Formal Dining Room, Living room and updated bath complete the first floor.  The second floor features 3 bedrooms, with large closets, soaring cathedral ceilings and a beautifully updated full bath with laundry! Gleaming hardwood floors throughout, updated Anderson windows, Central air and gas heat! Basement of this home is unfinished and accessible via Bilco doors outside of the house, giving additional storage! Private driveway for parking and fully fenced yard!  This home is a Must see!, Additional information: Appearance:Mint,Separate Hotwater Heater:y
Unit Size
1,482 Ft²
Days on Market
96 days
Land Size
0.15 acres
Price per sqft
$391
Property Type
House
Property Taxes
$1,065
HOA Dues
-
Year Built
1911

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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 #KEYL3501942)

Price History

Date / Event Date Event Price
Jan 26, 2024 Sold
Premium
Sold
Dec 13, 2023 Sold
Premium
Sold
Sep 28, 2023 In contract -
In contract
Sep 5, 2023 Listed by Douglas Elliman Real Estate $579,000
Listed by Douglas Elliman Real Estate
Mar 21, 2017 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1911
  • Effective Year Built: 1911
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,660
  • Lot Size Depth Feet: 1,480
  • Lot Size Frontage Feet: 450
  • Total Building Area: 1,482
  • Building Area: 1,482
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,482
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000152
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: N-LOCUST AVE E-GOODE S-CONKLIN W-LITTLE E NECK RD

Neighborhood

  • School District Name: Babylon Union Free School District
  • School Tax School District: BABYLON
  • Census Tract: 124500

Geography

  • Account Number: 20230314750
  • District: 0102-0
  • Section: 8.00
  • Parcel: 0102-008.00-03.00-024.000
  • Block: 3
  • Lot: 24.000
  • Municipality: BABYLON
  • Latitude: 40.6981
  • Longitude: -73.3377

    Address

  • Full Address: 272 Locust Ave
  • Address - House Number: 272
  • Address - Street Name: Locust
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Babylon
  • Carrier Code: C002
  • 4-Digit Zip Code: 2021
  • Zip Code: 11702

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,278,116
  • Tax Rate Code Area: 472001

    Appraisal Valuation

  • Standard Deviation: 0.1472
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 82
  • Final Value: 567,178
  • High Value: 650,710
  • Low Value: 483,646

    Market Valuation

  • Market Total Value: $197,766
  • Market Land Value: $15,084
  • Market Improvement Value: $182,682

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,540
  • Assessed Land Value: $270
  • Assessed Improvements Value: $3,270

    Sales

  • Current Sale Contract Date: Dec 13, 2023
  • Current Sale Recording Date: Jan 26, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Mar 21, 2017
  • Previous Sale Contract Date: Feb 28, 2017
  • Previous Sale Amount: $410,000
  • Previous Sale Document Type: 12
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 Babylon

Stats & Trends

Median Asking:

$795,000

Sale Price/ft²

$506

Below Asking

0.01%

Average Days on Market

85

Average Home Size

1959 ft²

Average Home Age

66.9 years

Currently For Sale

19 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 5 Merman Place, Babylon, NY, 11702

$3,005 /mo

  • 1 Bed
  • 1 Bath
  • 520 ft²
5 Merman Place #5, Babylon, NY, 11702 Listing by Michelle Holmes
Unit for rent at 864 Walnut Street, Lindenhurst, NY, 11757

$3,800 /mo

  • 2 Beds
  • 2 Baths
  • 1,200 ft²
864 Walnut Street, Lindenhurst, NY, 11757 Listing by Emily Kirincic
Unit for rent at 20 Perry Boulevard, Lindenhurst, NY, 11757

$2,715 /mo

  • 1 Bed
  • 1 Bath
  • 685 ft²
20 Perry Boulevard #1, Lindenhurst, NY, 11757 Listing by Michelle Holmes

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 272 Locust Avenue built and last sold?
The property at 272 Locust Avenue was built in 1911 and last sold on Dec 13, 2023 for $605,000.
How much is this home worth?
The estimated value of the home located at 272 Locust Avenue is $584,790.
What are some comparable homes to 272 Locust Avenue?
There are currently no comparable homes to 272 Locust Avenue.
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