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Merrick 11566 Merrick
2988 Cheryl Road
$713,000
● House - Off Market

2988 Cheryl Road

Hempstead, NY 11566
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$1,107,853
RealtyHop Estimate
51.97%
Since Feb 1, 2019
National-US
Primary Model

About This Property

Come See This Lovely And Spacious 4 Bedroom, 2-1/2 Bath Splanch. Mid Block Location On Pretty Tree Lined Street. Relax In The Backyard With Over-Sized Property Or Swim In The Salt Water Pool. A True Gem. Flood Zone X. Taxes Being Grieved., Additional information: Appearance:Mint,Separate Hotwater Heater:Yes
Unit Size
-
Days on Market
-
Land Size
0.16 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,838
HOA Dues
-
Year Built
1966

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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: 5 months ago (OneKey MLS #KEYL3075557)

Price History

Date / Event Date Event Price
Jan 29, 2019 Sold
Premium
Sold
Nov 4, 2018 No longer available -
No longer available
Oct 24, 2018 No longer available -
No longer available
Oct 21, 2018 Listed by Signature Premier Properties $729,000
Listed by Signature Premier Properties
Aug 10, 2018 Price Decreased $729,999
↓ $15K (2%)
Price Decreased
Show More

Property Highlights

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: 3
  • Building Quality: 9
  • 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: 260
  • Garage Type: 7
  • Garage Square Area: 418
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 10

    Dimensions

  • Lot Size Square Feet: 6,960
  • Lot Size Depth Feet: 1,170
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,278
  • Building Area: 2,278
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,278
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000160
  • 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: 415202

Geography

  • District: 282089
  • Section: 63
  • Parcel: 63-282-00-0019
  • Block: 282
  • Lot: 19
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6484
  • Longitude: -73.5381

    Address

  • Full Address: 2988 Cheryl Rd
  • Address - House Number: 2988
  • Address - Street Name: Cheryl
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Merrick
  • Carrier Code: C035
  • 4-Digit Zip Code: 5401
  • Zip Code: 11566

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,858,603
  • Tax Rate Code Area: 126

    Appraisal Valuation

  • Standard Deviation: 0.1656
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 900,335
  • High Value: 1,049,496
  • Low Value: 751,174

    Market Valuation

  • Market Total Value: $679,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $679
  • Assessed Land Value: $286
  • Assessed Improvements Value: $393

    Sales

  • Current Sale Contract Date: Jan 15, 2019
  • Current Sale Recording Date: Jan 29, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2019-009560

    Financing

  • First Mortgage Financing Type: FIX
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:

$954,000

Sale Price/ft²

$494

Below Asking

0.01%

Average Days on Market

89

Average Home Size

2187 ft²

Average Home Age

66 years

Currently For Sale

40 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 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: 5 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 2988 Cheryl Road built and last sold?
The property at 2988 Cheryl Road was built in 1966 and last sold on Jan 15, 2019 for $715,000.
How much is this home worth?
The estimated value of the home located at 2988 Cheryl Road is $736,290.
What are some comparable homes to 2988 Cheryl Road?
There are currently no comparable homes to 2988 Cheryl Road.
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