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Wading River 11792
28 Oak Lane
$305,000
● House - Off Market

28 Oak Lane

Riverhead, NY 11792
bedrooms
2 Beds
bathrooms
2 Baths
$439,129
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model

About This Property

Beautiful 2 Bedroom 2 Full Bath Ranch Eik w/corian counter top Hard Wood Floors updated Baths thru-out Full Basement Part Finished Fully Fenced w/PVC 200 Amp Service Low Taxes! Winter Water views! Stairs to the Beach 2 houses Down!, Additional information: Appearance:Mint,Separate Hotwater Heater:yes
Unit Size
-
Days on Market
-
Land Size
0.11 acres
Price per sqft
-
Property Type
House
Property Taxes
$666
HOA Dues
-
Year Built
1960

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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 #KEYL3143758)

Price History

Date / Event Date Event Price
Nov 7, 2019 Sold
Premium
Sold
Jul 24, 2019 In contract -
In contract
Jul 2, 2019 Listed by Douglas Elliman Real Estate $299,999
Listed by Douglas Elliman Real Estate
Aug 29, 1997 Sold
Premium
Sold
Mar 20, 1997 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 5
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,792
  • Total Building Area: 794
  • Building Area: 794
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 794
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000110
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Shoreham-Wading River Central School District
  • School Tax School District: SHOREHAM-WADING
  • Census Tract: 169701

Zoning

  • Zoning: 02 - SINGL

Geography

  • Account Number: 39
  • District: 0600-0
  • Section: 25.00
  • Parcel: 0600-025.00-01.00-013.000
  • Block: 1
  • Lot: 13.000
  • Municipality: RIVERHEAD
  • Latitude: 40.967
  • Longitude: -72.8424

    Address

  • Full Address: 28 Oak Ln
  • Address - House Number: 28
  • Address - Street Name: Oak
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Wading River
  • Carrier Code: R005
  • 4-Digit Zip Code: 1104
  • Zip Code: 11792

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $911,180
  • Tax Rate Code Area: 473001

    Appraisal Valuation

  • Standard Deviation: 0.2519
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 64
  • Final Value: 564,215
  • High Value: 706,358
  • Low Value: 422,071

    Market Valuation

  • Market Total Value: $385,360
  • Market Land Value: $55,974
  • Market Improvement Value: $329,386

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,800
  • Assessed Land Value: $5,200
  • Assessed Improvements Value: $30,600

    Sales

  • Current Sale Contract Date: Jul 22, 1997
  • Current Sale Recording Date: Aug 29, 1997
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Mar 20, 1997
  • Previous Sale Contract Date: Feb 13, 1997
  • Previous Sale Amount: $131,566
  • Previous Sale Document Type: 51
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

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

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 Oak Lane built and last sold?
The property at 28 Oak Lane was built in 1960 and last sold on Jul 22, 1997 for $78,000.
How much is this home worth?
The estimated value of the home located at 28 Oak Lane is $302,999.
What are some comparable homes to 28 Oak Lane?
There are currently no comparable homes to 28 Oak Lane.
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