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Ridge 11961 Ridge
28 Corchaug Trail
$435,000
● House - Off Market

28 Corchaug Trail

Brookhaven, NY 11961
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,350 Ft²
$2,552
Est. Monthly

About This Property

Beautifully renovated Cape Cod home situated in the charming Lake Panomoka community, offering exclusive beach rights. This residence boasts a newly constructed wood side deck perfect for entertaining, front and side entrances, stunning quartz countertops, custom cabinetry, SS appliances, and a brand-new central air and heating system. The yard features a convenient shed, perfect for storage. The driveway comfortably accommodates up to four cars. Enjoy the friendly neighborhood and benefit from low taxes!, Additional information: Appearance:Excellent
Unit Size
1,350 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$296
Property Type
House
Property Taxes
$588
HOA Dues
-
Year Built
1956

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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 #KEYL3567701)

Price History

Date / Event Date Event Price
Nov 1, 2024 Sold
Premium
Sold
Aug 30, 2024 In contract -
In contract
Jul 23, 2024 Listed by Greene Realty Group $399,999
Listed by Greene Realty Group
Jun 1, 2023 Sold
Premium
Sold
Mar 23, 2023 Sold
Premium
Sold
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 960
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 960
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE PANAMOKA
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: LAKE PANAMOKA 1305 SEC 2 396 S HALF ALL 397

Neighborhood

  • School District Name: Longwood Central School District
  • School Tax School District: LONGWOOD
  • Census Tract: 158412

Geography

  • Assessors Map Reference: MAP 2001305
  • Account Number: 00002009150
  • District: 0200-2
  • Section: 217.00
  • Parcel: 0200-217.00-02.00-070.000
  • Block: 2
  • Lot: 70.000
  • Municipality: BROOKHAVEN
  • Latitude: 40.9188
  • Longitude: -72.8463

    Address

  • Full Address: 28 Corchaug Trl
  • Address - House Number: 28
  • Address - Street Name: Corchaug
  • Address - Suffix Type: Trl
  • State: NY
  • City Name: Ridge
  • Carrier Code: R001
  • 4-Digit Zip Code: 2227
  • Zip Code: 11961

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 472212

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 296,623
  • High Value: 339,416
  • Low Value: 253,830

    Market Valuation

  • Market Total Value: $2,871
  • Market Land Value: $417
  • Market Improvement Value: $2,454

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,550
  • Assessed Land Value: $225
  • Assessed Improvements Value: $1,325

    Sales

  • Current Sale Contract Date: Mar 23, 2023
  • Current Sale Recording Date: Jun 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Mar 31, 1997
  • Previous Sale Contract Date: Mar 17, 1997
  • Previous Sale Amount: $69,000
  • Previous Sale Document Type: 33
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 Ridge

Stats & Trends

Median Asking:

$489,999

Sale Price/ft²

$365

Below Asking

0.01%

Average Days on Market

81

Average Home Size

1476 ft²

Average Home Age

45.9 years

Currently For Sale

42 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 126 Overhill Road, Wading River, NY, 11792

$7,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,600 ft²
126 Overhill Road, Wading River, NY, 11792 Listing by Mariana Nunes
Unit for rent at 258 Route 25a, Wading River, NY, 11792

$4,825 /mo

  • 4 Beds
  • 2 Baths
  • 1,248 ft²
258 Route 25a, Wading River, NY, 11792 Listing by Priscilla Holloway CBR

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 28 Corchaug Trail built and last sold?
The property at 28 Corchaug Trail was built in 1956 and last sold on Mar 23, 2023 for $260,000.
How much is this home worth?
The estimated value of the home located at 28 Corchaug Trail is $405,198.
What are some comparable homes to 28 Corchaug Trail?
There are currently no comparable homes to 28 Corchaug Trail.
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