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Merrick 11566 Merrick
281 Meadowbrook Road
Photo of 281 Meadowbrook Road
Sold on Jun 11, 2025

19

Map

Photo of 281 Meadowbrook Road
Photo of 281 Meadowbrook Road
$625,000
● House - Off Market

281 Meadowbrook Road

Hempstead, NY 11566
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,197 Ft²
$3,681
Est. Monthly
8.23%
Cap Rate

About This Property

Opportunity Knocks in Merrick!!! Welcome to 281 Meadowbrook Rd, a cherished cape cod style home that has been lovingly maintained by the same homeowner for over 60 years! Featuring 4 bedrooms and 1 Full Bath, this residence offers a perfect blend of history and potential, ready for you to create your dream home. Set on a spacious and deep lot, this property boasts tremendous potential for expansion or crafting your dream backyard oasis. Whether you are a builder looking for your next project or an end user eager to bring your vision to life, this is a wonderful opportunity not to be missed in a desirable Merrick neighborhood. Don't miss out on this unique chance to own a piece of history and shape it into your future. Call today to schedule a showing and explore that 281 Meadowbrook has to offer. House being sold as is.
Unit Size
1,197 Ft²
Days on Market
50 days
Land Size
0.24 acres
Price per sqft
$480
Property Type
House
Property Taxes
$857
HOA Dues
-
Year Built
1950

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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: 2 years ago (OneKey MLS #KEY851683)

Price History

Date / Event Date Event Price
Jun 11, 2025 Sold
Premium
Sold
Apr 30, 2025 In contract -
In contract
Apr 22, 2025 Listed by Compass Greater NY LLC $575,000
Listed by Compass Greater NY LLC
Sep 15, 2021 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 5
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 250
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,560
  • Lot Size Depth Feet: 1,780
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,197
  • Building Area: 1,197
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,197
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000242
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 029

Neighborhood

  • School District Name: North Merrick Union Free School District
  • School Tax School District: 029
  • Census Tract: 415000

Geography

  • District: 282089
  • Section: 55
  • Parcel: 55-00F-00-0016
  • Block: F
  • Lot: 16
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6745
  • Longitude: -73.5688

    Address

  • Full Address: 281 Meadowbrook Rd
  • Address - House Number: 281
  • Address - Street Name: Meadowbrook
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Merrick
  • Carrier Code: C014
  • 4-Digit Zip Code: 2514
  • Zip Code: 11566

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $718,732
  • Tax Rate Code Area: 115

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 563,101
  • High Value: 653,969
  • Low Value: 472,232

    Market Valuation

  • Market Total Value: $412,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $412
  • Assessed Land Value: $244
  • Assessed Improvements Value: $168

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 30, 2021
  • Current Sale Recording Date: Sep 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 2021-119899
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:

$954,000

Sale Price/ft²

$494

Below Asking

0.01%

Average Days on Market

89

Average Home Size

2207 ft²

Average Home Age

65.8 years

Currently For Sale

40 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 201 Stuyvesant Avenue, Merrick, NY, 11566

$5,000 /mo

  • 3 Beds
  • 1 Bath
  • 1,244 ft²
201 Stuyvesant Avenue, Merrick, NY, 11566 Listing by Kevin Coons
Unit for rent at 2171 Washington Street, Merrick, NY, 11566

$5,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,526 ft²
2171 Washington Street, Merrick, NY, 11566 Listing by Cathy Stone CBR
Unit for rent at 1648 Paula Lane, East Meadow, NY, 11554

$4,800 /mo

  • 4 Beds
  • 2 Baths
  • 2,166 ft²
1648 Paula Lane #1, East Meadow, NY, 11554 Listing by Jean P. Gene

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 281 Meadowbrook Road built and last sold?
The property at 281 Meadowbrook Road was built in 1950 and last sold on Aug 30, 2021 for $1,280,000.
How much is this home worth?
The estimated value of the home located at 281 Meadowbrook Road is $580,905.
What are some comparable homes to 281 Meadowbrook Road?
There are currently no comparable homes to 281 Meadowbrook Road.
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