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Blue Point 11715 Blue Point
3 Edwards E Lane N
$662,500
● House - Off Market

3 Edwards E Lane N

Blue Point, NY 11715
bedrooms
3 Beds
bathrooms
1 Bath
$4,478
Est. Monthly
4.81%
Cap Rate

About This Property

Lovely 3 bedroom, 1 bath, Ranch w/wood floors throughout, EIK w/viking stove. Quaint garden style landscaped yard with in ground sprinkler system. Separate entrance for family studio apartment. This gem is located in the heart of Blue Point south of Middle Road, just a five minute walk south down the street to the Great South Bay (dock rights may be available). Enjoy neighborhood favorites like Blue Point's Famous Flo's Outdoor Luncheonette and Corey Beach, along with many more outdoor beach and neighborhood eatery favorites. Brand New Central Air System.
Unit Size
-
Days on Market
80 days
Land Size
0.23 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,286
HOA Dues
-
Year Built
1963

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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 years ago (OneKey MLS #ONE3556891)

Price History

Date / Event Date Event Price
Aug 26, 2024 Sold
Premium
Sold
Jul 1, 2024 In contract -
In contract
Jun 7, 2024 Listed by Howard Hanna Coach $650,000
Listed by Howard Hanna Coach
Jan 6, 2006 Sold
Premium
Sold
Dec 14, 1998 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 1,998
  • Building Area: 1,998
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 1,998
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BLUE POINT BEACH
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: BLUE PT BEACH 1536 SEC 1 35

Neighborhood

  • School District Name: Bayport-Blue Point Union Free School District
  • School Tax School District: BAYPORT-BLUE PO
  • Census Tract: 158802

Geography

  • Assessors Map Reference: MAP 3201536
  • Account Number: 00003207830
  • District: 0200-9
  • Section: 985.00
  • Parcel: 0200-985.30-01.00-015.000
  • Block: 3001
  • Lot: 15.000
  • Municipality: BROOKHAVEN
  • Latitude: 40.7378
  • Longitude: -73.0404

    Address

  • Full Address: 3 Edwards Ln E
  • Address - House Number: 3
  • Street Segment Direction: E
  • Address - Street Name: Edwards
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Blue Point
  • Zip Code: 11715

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 472805

    Appraisal Valuation

  • Standard Deviation: 0.2587
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 63
  • Final Value: 728,811
  • High Value: 917,364
  • Low Value: 540,257

    Market Valuation

  • Market Total Value: $5,926
  • Market Land Value: $556
  • Market Improvement Value: $5,370

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,200
  • Assessed Land Value: $300
  • Assessed Improvements Value: $2,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 22, 2005
  • Current Sale Recording Date: Jan 06, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Dec 14, 1998
  • Previous Sale Contract Date: Nov 24, 1998
  • Previous Sale Amount: $167,000
  • 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 Blue Point

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$436

Below Asking

0.02%

Average Days on Market

69

Average Home Size

2027 ft²

Average Home Age

38.7 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 575 Middle Road, Bayport, NY, 11705

$3,800 /mo

  • 3 Beds
  • 1 Bath
  • 1,224 ft²
575 Middle Road, Bayport, NY, 11705 Listing by Ajit Toolsie

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 3 Edwards Lane built and last sold?
The property at 3 Edwards Lane was built in 1963 and last sold on Dec 22, 2005 for $475,000.
How much is this home worth?
The estimated value of the home located at 3 Edwards Lane is $0.
What are some comparable homes to 3 Edwards Lane?
There are currently no comparable homes to 3 Edwards Lane.
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