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Smithtown 11787 Smithtown
3 Martha Lane
$350,000
● House - Off Market

3 Martha Lane

Smithtown, NY 11787
bedrooms
4 Beds
bathrooms
2 Baths
$794,067
RealtyHop Estimate
114.68%
Since Aug 1, 2012
National-US
Primary Model

About This Property

2012/13 -Tax W/Star($1050.00)=$7868.05@2011/12 Rate! Much Updtd...Windows;2Bths+Granite Kit+Refin/Oak Flrs+Cac;Potential 4th Br;Den+Stone-Wall Fpl;Not In Flood Zone!Mt.Pleasant Elem+Great Howllow+H/S West;Nice Street;Lvl .24Ac+Brik Patio+B/B/Q;Covered Porch+Shed(C/O'd);Near Shopping, Additional information: Appearance:Mint+,Separate Hotwater Heater:73G
Unit Size
-
Days on Market
-
Land Size
0.24 acres
Price per sqft
-
Property Type
House
Property Taxes
$896
HOA Dues
-
Year Built
1973

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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 #KEYL2482250)

Price History

Date / Event Date Event Price
Aug 7, 2012 Sold
Premium
Sold
Apr 1, 2012 Listed by Douglas Elliman Real Estate $369,876
Listed by Douglas Elliman Real Estate
Aug 31, 2007 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 585
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 10

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 1,848
  • Building Area: 1,848
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 10
  • Heated Square Feet: 1,848
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000240
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: 106.-2-27 *5666 LOT 2 WOLFF ESTATES

Neighborhood

  • School District Name: Smithtown Central School District
  • School Tax School District: SMITHTOWN
  • Census Tract: 135303

Geography

  • District: 0800-1
  • Section: 106.00
  • Parcel: 0800-106.00-02.00-027.000
  • Block: 2
  • Lot: 27.000
  • Municipality: SMITHTOWN
  • Latitude: 40.8525
  • Longitude: -73.1749

    Address

  • Full Address: 3 Martha Ln
  • Address - House Number: 3
  • Address - Street Name: Martha
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Smithtown
  • Carrier Code: C036
  • 4-Digit Zip Code: 3818
  • Zip Code: 11787

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $956,640
  • Tax Rate Code Area: 473401

    Appraisal Valuation

  • Standard Deviation: 0.2692
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 61
  • Final Value: 712,221
  • High Value: 903,961
  • Low Value: 520,482

    Market Valuation

  • Market Total Value: $5,494
  • Market Land Value: $345
  • Market Improvement Value: $5,149

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,780
  • Assessed Land Value: $300
  • Assessed Improvements Value: $4,480

    Exemptions

  • Veteran Exemption: Yes
  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 18, 2012
  • Current Sale Recording Date: Aug 07, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 31, 2007
  • Previous Sale Contract Date: Aug 17, 2007
  • Previous Sale Amount: $472,000
  • 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 Smithtown

Stats & Trends

Median Asking:

$799,000

Sale Price/ft²

$411

Below Asking

0.01%

Average Days on Market

85

Average Home Size

2465 ft²

Average Home Age

60.2 years

Currently For Sale

47 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

Rentals Near You

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OneKey

Last Updated: 5 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 3 Martha Lane built and last sold?
The property at 3 Martha Lane was built in 1973 and last sold on Jul 18, 2012 for $350,000.
How much is this home worth?
The estimated value of the home located at 3 Martha Lane is $373,575.
What are some comparable homes to 3 Martha Lane?
There are currently no comparable homes to 3 Martha Lane.
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