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Merrick 11566 Merrick
2864 Shore Drive
Photo of 2864 Shore Drive
Sold on Aug 4, 2023

25

Map

Photo of 2864 Shore Drive
Photo of 2864 Shore Drive
$849,000
● House - Off Market

2864 Shore Drive

Hempstead, NY 11566
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$845,229
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

A MUST SEE! Exceptional updated home located in South Merrick. This maintenance free, central air conditioned Hi-Ranch has 4 bedrooms, including a main bedroom suite. The home has everything including a recently installed generator that runs the whole house, powered by natural gas. In addition, there's a beautiful yard to entertain in and MECA Beach Club is close by. Nothing to do but move in.  WELCOME HOME!, Additional information: Interior Features:Marble Bath
Unit Size
-
Days on Market
155 days
Land Size
0.16 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,373
HOA Dues
-
Year Built
1959

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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 #KEYL3460979)

Price History

Date / Event Date Event Price
Oct 12, 2023 Sold
Premium
Sold
Aug 4, 2023 Sold
Premium
Sold
Jun 22, 2023 In contract -
In contract
Jun 6, 2023 Relisted $849,990
Relisted
Apr 14, 2023 In contract -
In contract
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 7
  • 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: 588
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,070
  • Lot Size Depth Feet: 970
  • Lot Size Frontage Feet: 680
  • Total Building Area: 1,838
  • Building Area: 1,838
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,838
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000162
  • 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: 62-200-00-0011
  • Block: 200
  • Lot: 11
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6471
  • Longitude: -73.5473

    Address

  • Full Address: 2864 Shore Dr
  • Address - House Number: 2864
  • Address - Street Name: Shore
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Merrick
  • Carrier Code: C004
  • 4-Digit Zip Code: 5221
  • Zip Code: 11566

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,647,940
  • Tax Rate Code Area: 126

    Appraisal Valuation

  • Standard Deviation: 0.0933
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 91
  • Final Value: 828,704
  • High Value: 906,065
  • Low Value: 751,344

    Market Valuation

  • Market Total Value: $581,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $581
  • Assessed Land Value: $269
  • Assessed Improvements Value: $312

    Sales

  • Current Sale Contract Date: Aug 04, 2023
  • Current Sale Recording Date: Oct 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2023-60494
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:

$899,999

Sale Price/ft²

$491

Below Asking

0.01%

Average Days on Market

89

Average Home Size

2266 ft²

Average Home Age

56.5 years

Currently For Sale

32 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 9 N Ann Drive, Freeport, NY, 11520

$4,300 /mo

  • 5 Beds
  • 3 Baths
  • 1,400 ft²
9 N Ann Drive, Freeport, NY, 11520 Listing by Scheffee Wilson

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 2864 Shore Drive built and last sold?
The property at 2864 Shore Drive was built in 1959 and last sold on Aug 4, 2023 for $849,000.
How much is this home worth?
The estimated value of the home located at 2864 Shore Drive is $858,490.
What are some comparable homes to 2864 Shore Drive?
There are currently no comparable homes to 2864 Shore Drive.
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