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Islip 11751 Islip
279 Ocean Avenue
$425,000
● House - Off Market

279 Ocean Avenue

Islip, NY 11751
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,950 Ft²
$942,760
RealtyHop Estimate
109.97%
Since Mar 1, 2013
National-US
Primary Model

About This Property

Diamond Ranch With Hardwood Floors Throughout. Updates Include Anderson Windows, Heating System, Cac, Roof & Home Office. Updated Kitchen Has Granite Counters & Ss Appliances Including Bosch Dishwasher & 6 Burner Gas Convection Oven. Large Family Room W/Fireplace & Vaulted Ceilings. Just Steps From The Water & Prestigious Bayberry Point. Home Is Much Bigger Than It Appears, Additional information: Appearance:Diamond,Separate Hotwater Heater:Yes
Unit Size
1,950 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$230
Property Type
House
Property Taxes
$1,053
HOA Dues
-
Year Built
1958

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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 #KEYL2459365)

Price History

Date / Event Date Event Price
Mar 2, 2013 Sold
Premium
Sold
Jan 12, 2012 Listed by Winkler Real Estate Inc $449,000
Listed by Winkler Real Estate Inc
Jul 15, 2003 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Bedroom Count: 0
  • 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: 1
  • Garage Square Area: 400
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,761
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 800
  • Total Building Area: 2,372
  • Building Area: 1,936
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,936
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000270
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: X2216190Y181150 T059H00000000

Neighborhood

  • School District Name: Islip Union Free School District
  • School Tax School District: ISLIP
  • Census Tract: 147402

Zoning

  • Zoning: B

Geography

  • District: 0500-4
  • Section: 50.42
  • Parcel: 0500-422.00-01.00-021.000
  • Block: 2000
  • Lot: 100.021
  • Municipality: ISLIP
  • Latitude: 40.7202
  • Longitude: -73.2197

    Address

  • Full Address: 279 Ocean Ave
  • Address - House Number: 279
  • Address - Street Name: Ocean
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Islip
  • Carrier Code: C001
  • 4-Digit Zip Code: 4607
  • Zip Code: 11751

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,569,410
  • Tax Rate Code Area: 472802

    Appraisal Valuation

  • Standard Deviation: 0.2304
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 68
  • Final Value: 704,818
  • High Value: 867,271
  • Low Value: 542,366

    Market Valuation

  • Market Total Value: $659,341
  • Market Land Value: $166,209
  • Market Improvement Value: $493,132

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $48,000
  • Assessed Land Value: $12,100
  • Assessed Improvements Value: $35,900

    Sales

  • Current Sale Contract Date: Feb 20, 2013
  • Current Sale Recording Date: Mar 02, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Previous Sale Recording Date: Jul 15, 2003
  • Previous Sale Contract Date: Jun 30, 2003
  • Previous Sale Amount: $450,000
  • 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 Islip

Stats & Trends

Median Asking:

$649,000

Sale Price/ft²

$403

Below Asking

0.01%

Average Days on Market

84

Average Home Size

1195 ft²

Average Home Age

66.9 years

Currently For Sale

29 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 84 Circle Drive, Central Islip, NY, 11722

$3,590 /mo

  • 2 Beds
  • 2 Baths
  • 1,141 ft²
84 Circle Drive #84106, Central Islip, NY, 11722 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 279 Ocean Avenue built and last sold?
The property at 279 Ocean Avenue was built in 1958 and last sold on Feb 20, 2013 for $425,000.
How much is this home worth?
The estimated value of the home located at 279 Ocean Avenue is $0.
What are some comparable homes to 279 Ocean Avenue?
There are currently no comparable homes to 279 Ocean Avenue.
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