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Babylon 11702 Babylon
3 Araca Road
$918,000
● House - Off Market

3 Araca Road

Babylon, NY 11702
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,153 Ft²
$6,350
Est. Monthly
2.80%
Cap Rate

About This Property

Renovated in 2021, this WATERFRONT colonial in Babylon Village features an open-concept floor plan, that is loaded with personality and amenities. An entertainer's dream house with walls of glass overlooking the rear yard, deck, and your boat. Life doesn't get any better than this . . . ., Additional information: Appearance:Superior,Separate Hotwater Heater:Y
Unit Size
2,153 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$441
Property Type
House
Property Taxes
$1,686
HOA Dues
-
Year Built
-

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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 #KEYL3550586)

Price History

Date / Event Date Event Price
Dec 10, 2024 Sold
Premium
Sold
May 9, 2024 Listed by Netter Real Estate Inc $949,828
Listed by Netter Real Estate Inc
Dec 2, 2022 Sold
Premium
Sold
Oct 18, 2022 Sold
Premium
Sold
Aug 10, 2022 In contract -
In contract
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
With View
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,905
  • Lot Size Depth Feet: 930
  • Lot Size Frontage Feet: 850
  • Total Building Area: 2,153
  • Building Area: 2,153
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,153
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000181
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: FILED MAP 495 BLK 3 LOTS SO PT 31

Neighborhood

  • School District Name: Babylon Union Free School District
  • School Tax School District: BABYLON
  • Census Tract: 124602

Geography

  • Account Number: 20230412320
  • District: 0102-0
  • Section: 19.00
  • Parcel: 0102-019.00-02.00-080.000
  • Block: 2
  • Lot: 80.000
  • Municipality: BABYLON
  • Latitude: 40.6866
  • Longitude: -73.3209

    Address

  • Full Address: 3 Araca Rd
  • Address - House Number: 3
  • Address - Street Name: Araca
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Babylon
  • Carrier Code: C005
  • 4-Digit Zip Code: 4405
  • Zip Code: 11702

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,939,106
  • Tax Rate Code Area: 472001

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 846,840
  • High Value: 969,011
  • Low Value: 724,668

    Market Valuation

  • Market Total Value: $302,234
  • Market Land Value: $24,022
  • Market Improvement Value: $278,212

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,410
  • Assessed Land Value: $430
  • Assessed Improvements Value: $4,980

    Sales

  • Current Sale Contract Date: Oct 18, 2022
  • Current Sale Recording Date: Dec 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Dec 09, 2020
  • Previous Sale Contract Date: Apr 09, 2020
  • Previous Sale Amount: $600,000
  • 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 Babylon

Stats & Trends

Median Asking:

$799,000

Sale Price/ft²

$506

Below Asking

0.01%

Average Days on Market

82

Average Home Size

1785 ft²

Average Home Age

65.5 years

Currently For Sale

20 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 98 Frederick Avenue, Babylon, NY, 11702

$4,300 /mo

  • 3 Beds
  • 1 Bath
  • 1,500 ft²
98 Frederick Avenue, Babylon, NY, 11702 Listing by Gordon Lewis
Unit for rent at 23-25 Lincoln Street, Babylon, NY, 11702

$3,800 /mo

  • 3 Beds
  • 2 Baths
  • 2,646 ft²
23-25 Lincoln Street, Babylon, NY, 11702 Listing by Madeline Diaz

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 3 Araca Road built and last sold?
The property at 3 Araca Road was built in and last sold on Oct 18, 2022 for $860,000.
How much is this home worth?
The estimated value of the home located at 3 Araca Road is $966,875.
What are some comparable homes to 3 Araca Road?
There are currently no comparable homes to 3 Araca Road.
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