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Merrick 11566 Merrick
2889 Bay Drive
$915,000
● House - Off Market

2889 Bay Drive

Merrick, NY 11566
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$1,028,853
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

The elusive waterfront colonial is yours for the taking and ready for summer! Open floorplan with gleaming hardwood floors,lots of extra builtin storage and a new, custom center island eat in kitchen with stunning granite counters,designer backsplash and top of line stainless appliances;LG,Thermador,double oven,micro drawer,two sinks and 2 dishwashers for the top chef who loves to entertain! Den w/fplc/sliders to deck, Paver circular drive,new front doors,front porch, stunning new bath on upstairs landing,huge hollywood king master w/full bath ensuite,additional queen bedroom with deck,full finished basement.2 laundry rooms-1 up and 1 down!Deep water docking with new float and ramp,heated gunite in ground pool.New heating and cooling,hunidistat,pure wash system,every opulent amenity.Prime location,will not last!
Unit Size
-
Days on Market
166 days
Land Size
0.14 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,547
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: 3 years ago (OneKey MLS #ONE3296268)

Price History

Date / Event Date Event Price
Aug 31, 2021 Sold
Premium
Sold
Apr 9, 2021 In contract -
In contract
Mar 18, 2021 Listed by Douglas Elliman Real Estate $899,000
Listed by Douglas Elliman Real Estate
Sep 28, 2006 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
With View
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Total Rooms: 9
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 171
  • Garage Type: 7
  • Garage Square Area: 399
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 10
  • Location Influence Type: 14

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,553
  • Building Area: 2,553
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,553
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • 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: 62-194-00-0078
  • Block: 194
  • Lot: 78
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6487
  • Longitude: -73.5437

    Address

  • Full Address: 2889 Bay Dr
  • Address - House Number: 2889
  • Address - Street Name: Bay
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Merrick
  • Carrier Code: C004
  • 4-Digit Zip Code: 4602
  • Zip Code: 11566

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,086,256
  • Tax Rate Code Area: 126

    Appraisal Valuation

  • Standard Deviation: 0.1699
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 78
  • Final Value: 1,054,580
  • High Value: 1,233,845
  • Low Value: 875,314

    Market Valuation

  • Market Total Value: $798,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $798
  • Assessed Land Value: $288
  • Assessed Improvements Value: $510

    Sales

  • Current Sale Contract Date: Aug 31, 2021
  • Current Sale Recording Date: Sep 24, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2021-125176
  • Previous Sale Recording Date: Sep 28, 2006
  • Previous Sale Contract Date: Sep 19, 2006
  • Previous Sale Amount: $950,000
  • 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

$490

Below Asking

0.01%

Average Days on Market

87

Average Home Size

2317 ft²

Average Home Age

61.2 years

Currently For Sale

39 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

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 3 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 2889 Bay Drive built and last sold?
The property at 2889 Bay Drive was built in 1962 and last sold on Aug 31, 2021 for $915,000.
How much is this home worth?
The estimated value of the home located at 2889 Bay Drive is $0.
What are some comparable homes to 2889 Bay Drive?
There are currently no comparable homes to 2889 Bay Drive.
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