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Wading River 11792
3 Oak Street
$515,000
● House - Off Market

3 Oak Street

Riverhead, NY 11792
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$3,138
Est. Monthly

About This Property

Price Reduction. Low Taxes!  $7300 Newly Renovated 3 Bedroom 2.5 Bath 2 Story just one block from Beach/LI Sound.  New Eat-n-Kitchen w/ Custom Soft Close Cabinetry, Quartz Countertops and New Stainless Steel Appliances.  Den w/ New Sliding Glass Doors to side yard, Tile Flooring, Detailed Molding.  New Half Bath w/ Laundry Closet.  New Flooring, Recessed Lighting, Freshly Painted, New Interior/Exterior Doors.  Second Floor: Master Bedroom w/ New Master Bathroom.  2 Additional Bedrooms, Spacious Full Bathroom.  New Carpeting Second Floor.  New 200 AMP Electric,  Newer Hot water heater, New Vinyl Siding.  New Fence & Lawn Seeded, Additional information: Appearance:Mint,Separate Hotwater Heater:yes
Unit Size
-
Days on Market
-
Land Size
0.19 acres
Price per sqft
-
Property Type
House
Property Taxes
$609
HOA Dues
-
Year Built
1950

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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 #KEYL3511794)

Price History

Date / Event Date Event Price
Mar 8, 2024 Sold
Premium
Sold
Dec 28, 2023 In contract -
In contract
Nov 28, 2023 Price Decreased $515,000
↓ $5K (1%)
Price Decreased
Nov 14, 2023 Price Decreased $519,990
↓ $10K (1.9%)
Price Decreased
Nov 6, 2023 Price Decreased $529,990
↓ $10K (1.9%)
Price Decreased
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,292
  • Building Area: 1,292
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,292
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: NX DUFFY EX OAK ST SX JOHNIN WX VIERA

Neighborhood

  • School District Name: Riverhead Central School District
  • School Tax School District: RIVERHEAD
  • Census Tract: 169701

Zoning

  • Zoning: 02 - SINGL

Geography

  • Account Number: 30
  • District: 0600-0
  • Section: 33.00
  • Parcel: 0600-033.00-05.00-058.000
  • Block: 5
  • Lot: 58.000
  • Municipality: RIVERHEAD
  • Latitude: 40.9634
  • Longitude: -72.8128

    Address

  • Full Address: 3 Oak St
  • Address - House Number: 3
  • Address - Street Name: Oak
  • Address - Suffix Type: St
  • State: NY
  • City Name: Wading River
  • Carrier Code: R003
  • 4-Digit Zip Code: 1730
  • Zip Code: 11792

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $730,732
  • Tax Rate Code Area: 473002

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 82
  • Final Value: 496,845
  • High Value: 569,255
  • Low Value: 424,435

    Market Valuation

  • Market Total Value: $378,428
  • Market Land Value: $76,426
  • Market Improvement Value: $302,002

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,156
  • Assessed Land Value: $7,100
  • Assessed Improvements Value: $28,056

    Sales

  • Current Sale Contract Date: Jul 25, 2023
  • Current Sale Recording Date: Sep 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 03, 2018
  • Previous Sale Contract Date: Jun 30, 2018
  • Previous Sale Amount: $253,000
  • 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 Wading River

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$369

Below Asking

0.02%

Average Days on Market

93

Average Home Size

2247 ft²

Average Home Age

55 years

Currently For Sale

31 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

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 Oak Street built and last sold?
The property at 3 Oak Street was built in 1950 and last sold on Jul 25, 2023 for $345,000.
How much is this home worth?
The estimated value of the home located at 3 Oak Street is $520,150.
What are some comparable homes to 3 Oak Street?
There are currently no comparable homes to 3 Oak Street.
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