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Merrick 11566 Merrick
2990 Charlotte Drive
$655,000
● House - Off Market

2990 Charlotte Drive

Merrick, NY 11566
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$789,231
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model

About This Property

Welcome home! This 4 Bedroom 2.5 Bath Hi- Ranch in a gorgeous location sits on a Beautifully Manicured Property complete with An In-ground Pool,  Fully Fenced yard w/ plenty of entertaining space, CAC, Security System and 2 Car Garage, updated electric.  STAR Reduction of  $1484 possible.
Unit Size
-
Days on Market
236 days
Land Size
0.16 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,467
HOA Dues
-
Year Built
1964

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #ONE3282665)

Price History

Date / Event Date Event Price
Jun 22, 2021 Sold
Premium
Sold
Apr 21, 2021 Sold
Premium
Sold
Feb 4, 2021 No longer available -
No longer available
Feb 3, 2021 In contract -
In contract
Jan 23, 2021 Listed by Signature Premier Properties $649,000
Listed by Signature Premier Properties
Welcome home! This 4 Bedroom 2.5 Bath Hi- Ranch in a gorgeous location sits on a Beautifully Manicured Property complete with An In-ground Pool, Fully Fenced yard w/ plenty of entertaining space, CAC, Security System and 2 Car Garage, updated electric. STAR Reduction of $1484 possible. Tax grievance won.
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Total Rooms: 6
  • 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: 19
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 738
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 10

    Dimensions

  • Lot Size Square Feet: 6,840
  • Lot Size Depth Feet: 910
  • Lot Size Frontage Feet: 690
  • Total Building Area: 1,966
  • Building Area: 1,966
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,966
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000157
  • 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: 63-302-00-0011
  • Block: 302
  • Lot: 11
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6479
  • Longitude: -73.5416

    Address

  • Full Address: 2990 Charlotte Dr
  • Address - House Number: 2990
  • Address - Street Name: Charlotte
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Merrick
  • Carrier Code: C032
  • 4-Digit Zip Code: 5302
  • Zip Code: 11566

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,613,963
  • Tax Rate Code Area: 126

    Appraisal Valuation

  • Standard Deviation: 0.1763
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 77
  • Final Value: 819,951
  • High Value: 964,587
  • Low Value: 675,315

    Market Valuation

  • Market Total Value: $682,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $682
  • Assessed Land Value: $298
  • Assessed Improvements Value: $384

    Sales

  • Current Sale Contract Date: Apr 21, 2021
  • Current Sale Recording Date: Jun 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2021-081464

    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

$491

Below Asking

0.01%

Average Days on Market

89

Average Home Size

2173 ft²

Average Home Age

65.5 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 2 Lee Court, Merrick, NY, 11566

$3,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,562 ft²
2 Lee Court, Merrick, NY, 11566 Listing by Megan Morillo Torres

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 2990 Charlotte Drive built and last sold?
The property at 2990 Charlotte Drive was built in 1964 and last sold on Apr 21, 2021 for $655,000.
How much is this home worth?
The estimated value of the home located at 2990 Charlotte Drive is $655,490.
What are some comparable homes to 2990 Charlotte Drive?
There are currently no comparable homes to 2990 Charlotte Drive.
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