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Merrick 11566 Merrick
2896 Bay Drive
$996,500
● House - Off Market

2896 Bay Drive

Hempstead, NY 11566
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,460 Ft²
$1,102,196
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Prime Merrick Waterfront. Completely Renovated. Best Block. New Everything: CAC, Andersen Windows, Solid Doors, Hi Hats thru-out, SS Appl, Quartz Cntps, IGS, Gas Burner & HW Heater, Roof, Siding. Mid Blk Light & Bright 'Lindenmere' 4 Bds, 3 New Baths, New Kitchen. Hardwood Floors, 200 Amp Svc., Cul-de-Sac, 2 Car Gar, Taxes Grieved, Minute to Open Bay. Taxes grieved successfully. School tax for 2022 will be $9,045. General taxes for 2022 currently $5,229 should be reduced (they post in January) accordingly by 40%. Total taxes for 2022 should be under $13,000 without STAR which is an add'l approx. $1,500 savings., Additional information: Appearance:Excellent
Unit Size
2,460 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$414
Property Type
House
Property Taxes
$1,725
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: 4 months ago (OneKey MLS #KEYL3314775)

Price History

Date / Event Date Event Price
Jan 10, 2022 Sold
Premium
Sold
Nov 18, 2021 In contract -
In contract
Oct 2, 2021 Price Decreased $1,019,000
↓ $30K (2.9%)
Price Decreased
Aug 7, 2021 Price Decreased $1,049,000
↓ $20K (1.9%)
Price Decreased
Jul 24, 2021 Price Decreased $1,069,000
↓ $21K (1.9%)
Price Decreased
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Total Rooms: 8
  • 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: 41
  • 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: 6
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0
  • Location Influence Type: 14

    Dimensions

  • Lot Size Square Feet: 5,917
  • Lot Size Depth Feet: 970
  • Lot Size Frontage Feet: 620
  • Total Building Area: 2,514
  • Building Area: 2,514
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,514
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAKWOOD
  • Land Acres: 0000000136
  • 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: 62-194-00-0061
  • Block: 194
  • Lot: 61
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6484
  • Longitude: -73.5441

    Address

  • Full Address: 2896 Bay Dr
  • Address - House Number: 2896
  • Address - Street Name: Bay
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Merrick
  • Carrier Code: C004
  • 4-Digit Zip Code: 4603
  • Zip Code: 11566

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,359,422
  • Initial Tax Delinquent Year: 2020
  • Tax Rate Code Area: 126

    Appraisal Valuation

  • Standard Deviation: 0.1687
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 78
  • Final Value: 906,376
  • High Value: 1,059,333
  • Low Value: 753,418

    Market Valuation

  • Market Total Value: $664,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $664
  • Assessed Land Value: $429
  • Assessed Improvements Value: $235

    Sales

  • Current Sale Contract Date: Dec 30, 2021
  • Current Sale Recording Date: Jan 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2022-009637
  • Previous Sale Recording Date: Oct 07, 2020
  • Previous Sale Contract Date: Sep 15, 2020
  • Previous Sale Amount: $640,000
  • 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 Merrick

Stats & Trends

Median Asking:

$899,500

Sale Price/ft²

$492

Below Asking

0.01%

Average Days on Market

86

Average Home Size

2184 ft²

Average Home Age

61.4 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

Unit for rent at 317 Bedford Avenue, Bellmore, NY, 11710

$2,900 /mo

  • 1 Bed
  • 1 Bath
  • 800 ft²
317 Bedford Avenue, Bellmore, NY, 11710 Listing by Gina M. Padro HFR PSA RSPS SFR SRS
Unit for rent at 1741 Warren Place, Merrick, NY, 11566

$4,400 /mo

  • 3 Beds
  • 2 Baths
  • 1,075 ft²
1741 Warren Place, Merrick, NY, 11566 Listing by Shari M. DeLouya CBR

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 2896 Bay Drive built and last sold?
The property at 2896 Bay Drive was built in 1962 and last sold on Dec 30, 2021 for $996,500.
How much is this home worth?
The estimated value of the home located at 2896 Bay Drive is $1,025,673.
What are some comparable homes to 2896 Bay Drive?
There are currently no comparable homes to 2896 Bay Drive.
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