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Merrick 11566 Merrick
2917 Bay Drive
$1,190,000
● House - Off Market

2917 Bay Drive

Hempstead, NY 11566
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$1,191,521
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Best South Merrick Opportunity to Own a Waterfront Home ! Premier Location in a Cul De Sac, This Updated Open Concept  Boater's Delight Splanch Has Gorgeous Views, New Kitchen/Quartz Countertops/SS Appliances,  &  New Deck  This Home is Perfect For Entertaining!  There are Updated Bathrooms and This Property Is Located On a Wide Canal With 60' Of Waterfront Footage & 2 Boat Slips, New CAC System, This Home Boasts 2 Primary Size Bedrooms With Ensuite Bathrooms and 2 More Bedrooms Upstairs . Located in The Prestigious Lindenmere Section Right  Around The Corner From Beautiful Cammans Pond , Close To Fine Restaurants, Parkways, Shopping And More. There Is Even A Porch . Every Day Is Vacation At This Location! Won't Last!, Additional information: Appearance:Mint
Unit Size
-
Days on Market
-
Land Size
0.14 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,693
HOA Dues
-
Year Built
1964

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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 #KEYL3477759)

Price History

Date / Event Date Event Price
Sep 14, 2023 Sold
Premium
Sold
May 31, 2023 In contract -
In contract
May 12, 2023 Listed by Douglas Elliman Real Estate $1,199,000
Listed by Douglas Elliman Real Estate
Sep 2, 2020 No longer available -
No longer available
Aug 11, 2020 Relisted $1,074,999
Relisted
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • 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: 280
  • 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: 6,180
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,380
  • Building Area: 2,380
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,380
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000142
  • 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: 62-194-00-0073
  • Block: 194
  • Lot: 73
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6479
  • Longitude: -73.5434

    Address

  • Full Address: 2917 Bay Dr
  • Address - House Number: 2917
  • Address - Street Name: Bay
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Merrick
  • Carrier Code: C004
  • 4-Digit Zip Code: 4605
  • Zip Code: 11566

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,883,491
  • Tax Rate Code Area: 126

    Appraisal Valuation

  • Standard Deviation: 0.1849
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 75
  • Final Value: 1,020,631
  • High Value: 1,209,349
  • Low Value: 831,912

    Market Valuation

  • Market Total Value: $753,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $753
  • Assessed Land Value: $308
  • Assessed Improvements Value: $445

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 15, 2023
  • Current Sale Recording Date: Oct 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2023-58737
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

$490

Below Asking

0.01%

Average Days on Market

89

Average Home Size

2267 ft²

Average Home Age

58.4 years

Currently For Sale

34 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 2917 Bay Drive built and last sold?
The property at 2917 Bay Drive was built in 1964 and last sold on Sep 15, 2023 for $1,190,000.
How much is this home worth?
The estimated value of the home located at 2917 Bay Drive is $1,210,990.
What are some comparable homes to 2917 Bay Drive?
There are currently no comparable homes to 2917 Bay Drive.
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