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Merrick 11566 Merrick
2818 Covered Bridge Road
$535,000
● House - Off Market

2818 Covered Bridge Road

Hempstead, NY 11566
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,291 Ft²
$921,674
RealtyHop Estimate
77.59%
Since Aug 1, 2015
National-US
Primary Model

About This Property

Expanded Beautiful Wide Line Hi Ranch, Marble Entrance Foyer, 5 Large Bedrooms, O/S Master Suite W/Full Bath, Gleaming New Wood Floor. Access Upper Deck From Eik And Dining Rm. Corian Counters. Bright Open Lge Liv Rm W/Cathedral Ceiling. Lrg Frml Drm,  Den W/Sliders To Back Yard And Half Bth. Great For Entertaining! 2.5 Garage, Gas Heat. No Sandy Damage,  Move Right In, Additional information: Appearance:Mint,Separate Hotwater Heater:Yes
Unit Size
2,291 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$227
Property Type
House
Property Taxes
$1,144
HOA Dues
-
Year Built
1962

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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 #KEYL2725790)

Price History

Date / Event Date Event Price
Aug 6, 2015 Sold
Premium
Sold
Dec 10, 2014 Listed by Coldwell Banker Residential $519,000
Listed by Coldwell Banker Residential
Sep 12, 2006 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 730
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,291
  • Building Area: 2,291
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,291
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP OF MERRICK WOODS
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 025

Neighborhood

  • School District Name: Merrick Union Free School District
  • School Tax School District: 025
  • Census Tract: 415102

Geography

  • District: 282089
  • Section: 62
  • Parcel: 62-218-00-0010
  • Block: 218
  • Lot: 10
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6466
  • Longitude: -73.556

    Address

  • Full Address: 2818 Covered Bridge Rd
  • Address - House Number: 2818
  • Address - Street Name: Covered Bridge
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Merrick
  • Carrier Code: C038
  • 4-Digit Zip Code: 4817
  • Zip Code: 11566

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,899,377
  • Tax Rate Code Area: 126

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 878,961
  • High Value: 1,020,801
  • Low Value: 737,122

    Market Valuation

  • Market Total Value: $672,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $672
  • Assessed Land Value: $258
  • Assessed Improvements Value: $414

    Sales

  • Current Sale Contract Date: Jul 30, 2015
  • Current Sale Recording Date: Aug 06, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 2015080600601
  • Previous Sale Recording Date: Sep 12, 2006
  • Previous Sale Contract Date: Aug 24, 2006
  • Previous Sale Amount: $680,000
  • Previous Sale Document Type: 27
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:

$939,000

Sale Price/ft²

$489

Below Asking

0.01%

Average Days on Market

88

Average Home Size

2139 ft²

Average Home Age

63.2 years

Currently For Sale

38 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: 5 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 2818 Covered Bridge Road built and last sold?
The property at 2818 Covered Bridge Road was built in 1962 and last sold on Jul 30, 2015 for $535,000.
How much is this home worth?
The estimated value of the home located at 2818 Covered Bridge Road is $0.
What are some comparable homes to 2818 Covered Bridge Road?
There are currently no comparable homes to 2818 Covered Bridge Road.
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