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Wading River 11792
28 Locust Road
$365,000
● House - Off Market

28 Locust Road

Riverhead, NY 11792
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,900 Ft²
$513,374
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model

About This Property

Perfect Home, Charming &  Well Done. Close to Beautiful Sound Beach Perched High, this Property has a European Flare with 2nd Fl Large Balcony. Walk In to Office/Den Space Equipped with Tons of Storage. First Fl Entry w/ Large Foyer Leading to DR, LR w/ Glass Wall of Doors to Balcony, EIK, and Master Ensuite! 2nd Floor Boasts 2 Large BR, Full Bath.  Sliders off Kitchen to Spacious Private Backyard. New Roof 2019, New Appliances 2019, Retaining Wall 2019, New Patio Entry 2019!!!, Additional information: Appearance:Excellent,Business Located At:,Rental Income:,Separate Hotwater Heater:Y
Unit Size
1,900 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$189
Property Type
House
Property Taxes
$662
HOA Dues
-
Year Built
1939

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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 #KEYL3193143)

Price History

Date / Event Date Event Price
Mar 17, 2020 Sold
Premium
Sold
Feb 6, 2020 In contract -
In contract
Jan 20, 2020 Listed by Daniel Gale Sothebys Intl $359,000
Listed by Daniel Gale Sothebys Intl
Jun 18, 2019 Sold
Premium
Sold
Jan 4, 2016 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1939
  • Effective Year Built: 1939
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 240
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,098
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,894
  • Building Area: 1,894
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 10
  • Heated Square Feet: 1,894
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000140
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: *1210 LOTS 276,277&278 WILDWOOD HILLS

Neighborhood

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

Zoning

  • Zoning: 02 - SINGL

Geography

  • Account Number: 30
  • District: 0600-0
  • Section: 27.00
  • Parcel: 0600-027.00-03.00-061.000
  • Block: 3
  • Lot: 61.000
  • Municipality: RIVERHEAD
  • Latitude: 40.9656
  • Longitude: -72.8129

    Address

  • Full Address: 28 Locust Rd
  • Address - House Number: 28
  • Address - Street Name: Locust
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Wading River
  • Carrier Code: R003
  • 4-Digit Zip Code: 1320
  • Zip Code: 11792

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $678,205
  • Tax Rate Code Area: 473002

    Appraisal Valuation

  • Standard Deviation: 0.2314
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 53
  • Final Value: 372,322
  • High Value: 458,501
  • Low Value: 286,142

    Market Valuation

  • Market Total Value: $441,334
  • Market Land Value: $59,203
  • Market Improvement Value: $382,131

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $41,000
  • Assessed Land Value: $5,500
  • Assessed Improvements Value: $35,500

    Sales

  • Current Sale Contract Date: May 13, 2019
  • Current Sale Recording Date: Jun 18, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jan 04, 2016
  • Previous Sale Contract Date: Dec 11, 2015
  • Previous Sale Amount: $320,000
  • 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 Wading River

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$369

Below Asking

0.02%

Average Days on Market

93

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

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OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 28 Locust Road built and last sold?
The property at 28 Locust Road was built in 1939 and last sold on May 13, 2019 for $306,500.
How much is this home worth?
The estimated value of the home located at 28 Locust Road is $379,556.
What are some comparable homes to 28 Locust Road?
There are currently no comparable homes to 28 Locust Road.
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