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Merrick 11566 Merrick
2775 Shore Drive
$1,017,000
● House - Off Market

2775 Shore Drive

Hempstead, NY 11566
bedrooms
4 Beds
bathrooms
4 Baths
square feet
3,782 Ft²
$2,241,052
RealtyHop Estimate
94.91%
Since Aug 1, 2013
National-US
Primary Model

About This Property

Ultimate Waterfront Playground-Hotel Amenities,Resort Lifestyle,All Updted And Stunning,Prime Merrick Estates.Huge Den Plus Media/Playrm,Guest Suite,Designer Bths,Multi Level Master Wing W/Radnt Ht Hollywood Spa Bath,Wic And Deck.Vnyl Blkhd/Float/Deck & Lift,Htd Saltwater Pool/Spill Over Spa/Waterfall,Pavers,Front Porch,Lndry Center,Chefs Eik,Deep Water Docking!Totally Wow, Additional information: Appearance:Diamond,Separate Hotwater Heater:Yes
Unit Size
3,782 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$304
Property Type
House
Property Taxes
$2,177
HOA Dues
-
Year Built
1957

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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 months ago (OneKey MLS #KEYL2525436)

Price History

Date / Event Date Event Price
Jul 22, 2013 Sold
Premium
Sold
Sep 10, 2012 Listed by Douglas Elliman Real Estate $1,149,777
Listed by Douglas Elliman Real Estate
Jan 13, 2003 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
With View
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Total Rooms: 8
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 2
  • 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: 773
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 10
  • Location Influence Type: 14

    Dimensions

  • Lot Size Square Feet: 7,700
  • Lot Size Depth Feet: 1,110
  • Lot Size Frontage Feet: 700
  • Total Building Area: 3,781
  • Building Area: 3,781
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,781
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000177
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 025

Neighborhood

  • School District Name: Merrick Union Free School District
  • School Tax School District: 025
  • Census Tract: 415102

Geography

  • District: 282089
  • Section: 62
  • Parcel: 62-197-00-0009
  • Block: 197
  • Lot: 9
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6496
  • Longitude: -73.5481

    Address

  • Full Address: 2775 Shore Dr
  • Address - House Number: 2775
  • Address - Street Name: Shore
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Merrick
  • Carrier Code: C004
  • 4-Digit Zip Code: 5218
  • Zip Code: 11566

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,501,618
  • Tax Rate Code Area: 126

    Appraisal Valuation

  • Standard Deviation: 0.1849
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 75
  • Final Value: 1,519,723
  • High Value: 1,800,725
  • Low Value: 1,238,720

    Market Valuation

  • Market Total Value: $1,206,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,206
  • Assessed Land Value: $379
  • Assessed Improvements Value: $827

    Exemptions

  • Veteran Exemption: Yes
  • Disabled Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 15, 2002
  • Current Sale Recording Date: Jan 13, 2003
  • 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 Merrick

Stats & Trends

Median Asking:

$899,500

Sale Price/ft²

$492

Below Asking

0.01%

Average Days on Market

87

Average Home Size

2184 ft²

Average Home Age

61.4 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

Unit for rent at 2100 Hillside Avenue, Bellmore, NY, 11710

$4,575 /mo

  • 3 Beds
  • 2 Baths
  • 1,938 ft²
2100 Hillside Avenue, Bellmore, NY, 11710 Listing by Alexander Iaquinta

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 2775 Shore Drive built and last sold?
The property at 2775 Shore Drive was built in 1957 and last sold on Nov 15, 2002 for $679,000.
How much is this home worth?
The estimated value of the home located at 2775 Shore Drive is $0.
What are some comparable homes to 2775 Shore Drive?
There are currently no comparable homes to 2775 Shore Drive.
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