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Locust Valley 11560 Locust Valley
3 Avenue B
Photo of 3 Avenue B
Sold on Aug 12, 2026

23

Map

Photo of 3 Avenue B
Photo of 3 Avenue B
$750,000
● House - Off Market

3 Avenue B

Oyster Bay, NY 11560
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,593 Ft²
$4,187
Est. Monthly

About This Property

Welcome to 3 Avenue B. Excellent opportunity in the North Shore hamlet of Locust Valley. Beautifully well maintained back dormered exp cape offered by the original owners. This home features a spacious and versatile layout with plenty of room to make it your own. The first floor offers a large living room that flows seamlessly into a spacious eat-in kitchen, along with a full bath, one bedroom, and flexible office with laundry, that can easily serve as fourth bedroom.  Upstairs, you will find 2 generous sized bedrooms and additional full bath. The fully finished basement is a stand out feature, showcasing retro inspired finishes, an epoxy floor, and not one but two bar areas, perfect for entertaining and hosting gatherings.

Step outside to enjoy the covered patio overlooking the backyard, all set on a quiet dead end street. Conveniently located near the village, enjoy Grenville Baker Boys Club, shopping, restaurants, golf courses and everything Locust Valley has to offer. This is a wonderful opportunity to create your dream home in this sought after North Shore Community.
Unit Size
1,593 Ft²
Days on Market
56 days
Land Size
0.14 acres
Price per sqft
$458
Property Type
House
Property Taxes
$607
HOA Dues
-
Year Built
1965

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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: 3 months ago (OneKey MLS #KEY1011391)

Price History

Date / Event Date Event Price
Aug 12, 2026 Sold
Premium
Sold
Jul 2, 2026 In contract -
In contract
Jun 9, 2026 Listed by Douglas Elliman Real Estate $729,000
Listed by Douglas Elliman Real Estate

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 8
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 175
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 10

    Dimensions

  • Lot Size Square Feet: 6,300
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 630
  • Total Building Area: 1,593
  • Building Area: 1,593
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,593
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000145
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100

Neighborhood

  • School District Name: Locust Valley Central School District
  • School Tax School District: 004
  • Census Tract: 517802

Geography

  • District: 282489
  • Parcel: 30-033-00-0360
  • Municipality: OYSTER BAY UNINCORPORATED
  • Latitude: 40.8761
  • Longitude: -73.6106

    Address

  • Full Address: 3 Avenue B
  • Address - House Number: 3
  • Address - Street Name: Avenue B
  • State: NY
  • City Name: Locust Valley
  • Carrier Code: C001
  • 4-Digit Zip Code: 1501
  • Zip Code: 11560

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $476,441
  • Tax Rate Code Area: 515

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 690,943
  • High Value: 802,442
  • Low Value: 579,445

    Market Valuation

  • Market Total Value: $466,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $466
  • Assessed Land Value: $266
  • Assessed Improvements Value: $200

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 Locust Valley

Stats & Trends

Median Asking:

$989,000

Sale Price/ft²

$561

Below Asking

0.02%

Average Days on Market

100

Average Home Size

2081 ft²

Average Home Age

83.8 years

Currently For Sale

6 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 24 High Street, Locust Valley, NY, 11560

$4,995 /mo

  • 3 Beds
  • 1 Bath
24 High Street, Locust Valley, NY, 11560 Listing by Fatemeh Jarrahian CBR
Unit for rent at 122 Forest Avenue, Glen Cove, NY, 11542

$4,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,500 ft²
122 Forest Avenue #REAR, Glen Cove, NY, 11542 Listing by Ben K. Greenspan
Unit for rent at 1100 Avalon Street, Glen Cove, NY, 11542

$3,395 /mo

  • 1 Bed
  • 1 Bath
  • 1,052 ft²
1100 Avalon Street #S1420, Glen Cove, NY, 11542 Listing by Michelle Holmes

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 3 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 3 Avenue B built and last sold?
The property at 3 Avenue B was built in 1965 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 3 Avenue B is $747,452.
What are some comparable homes to 3 Avenue B?
There are currently no comparable homes to 3 Avenue B.
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