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Wading River 11792
2878 N Wading River Road
$845,000
● House - Off Market

2878 N Wading River Road

Riverhead, NY 11792
bedrooms
4 Beds
bathrooms
3 Baths
$1,366,200
RealtyHop Estimate
51.97%
Since Feb 1, 2019
National-US
Primary Model

About This Property

Magnificent Water Front Location W/Breathtaking Views Of The Li Sound.  New Pvt Drwy Leading To This Summer Retreat Or Yr Round Paradise. Spectacular Water Views From Every Room W/Oversized Windows/Doors,1st Fl Mst Ste, Open Fl Plan, Main Fl Laundry, Full Bsmnt, Ose, Take In The Unforgettable Sunsets From The Viewing Deck Or Ig Pool.  , Updtd Heat, Cac, New Drwy, Pool Pump, Dishwasher, Micro.  Propane Cooking & Fireplace.   Close To Beaches, Farms, Wineries, Shopping, Restaurants. Virtual Tour, Additional information: Appearance:Mint ++
Unit Size
-
Days on Market
-
Land Size
1.64 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,659
HOA Dues
-
Year Built
1994

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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: 6 months ago (OneKey MLS #KEYL3059208)

Price History

Date / Event Date Event Price
Jan 16, 2019 Sold
Premium
Sold
Aug 22, 2018 Listed by Coldwell Banker Residential $899,000
Listed by Coldwell Banker Residential
Oct 5, 1999 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
With View
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 736
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 10
  • Location Influence Type: 23

    Dimensions

  • Lot Size Square Feet: 71,438
  • Lot Size Frontage Feet: 159
  • Total Building Area: 3,038
  • Building Area: 3,038
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 10
  • Heated Square Feet: 3,038
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001640
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: NX LI SND EX WILDWD HILLS SX TENNANT &ORS WX ZANGER

Neighborhood

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

Zoning

  • Zoning: RB80

Geography

  • Account Number: 30
  • District: 0600-0
  • Section: 27.00
  • Parcel: 0600-027.00-01.00-023.003
  • Block: 1
  • Lot: 23.003
  • Municipality: RIVERHEAD
  • Latitude: 40.9673
  • Longitude: -72.8173

    Address

  • Full Address: 2878 N Wading River Rd
  • Address - House Number: 2878
  • Street Direction: N
  • Address - Street Name: Wading River
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Wading River
  • Carrier Code: R003
  • 4-Digit Zip Code: 1406
  • Zip Code: 11792

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,088,252
  • Tax Rate Code Area: 473002

    Appraisal Valuation

  • Standard Deviation: 0.2393
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 66
  • Final Value: 993,272
  • High Value: 1,230,994
  • Low Value: 755,551

    Market Valuation

  • Market Total Value: $1,123,789
  • Market Land Value: $306,781
  • Market Improvement Value: $817,008

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $104,400
  • Assessed Land Value: $28,500
  • Assessed Improvements Value: $75,900

    Sales

  • Current Sale Contract Date: Jan 04, 2019
  • Current Sale Recording Date: Jan 16, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Oct 05, 1999
  • Previous Sale Contract Date: Jul 02, 1999
  • Previous Sale Amount: $449,990
  • Previous Sale Document Type: 12
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:

$748,944

Sale Price/ft²

$369

Below Asking

0.02%

Average Days on Market

96

Average Home Size

2434 ft²

Average Home Age

53.5 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: 6 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 2878 North Wading River Road built and last sold?
The property at 2878 North Wading River Road was built in 1994 and last sold on Jan 4, 2019 for $845,000.
How much is this home worth?
The estimated value of the home located at 2878 North Wading River Road is $907,990.
What are some comparable homes to 2878 North Wading River Road?
There are currently no comparable homes to 2878 North Wading River Road.
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