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Babylon 11702 Babylon
30 Cedar Lane
$1,900,000
● House - Off Market

30 Cedar Lane

Babylon, NY 11702
bedrooms
6 Beds
bathrooms
7 Baths, 2 Half Baths
square feet
7,595 Ft²
$2,791,905
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

Magnificent one of a kind waterfront with the unique opportunity to finish to taste. Private and serene, this one of a kind colonial boasts completely custom finishes and detailing throughout.  Grand entry foyer w/vaulted ceilings, chandelier w/mechanical winch and 2nd floor bridge overlooking open floor plan. Wide plank hardwood floors throughout, well appointed gourmet kitchen/great room. Amazing Master suite & sep Prof Office & Nanny Quarters. 3 Boat slips each w/water/elec stations, Additional information: Appearance:Diamond,Interior Features:Guest Quarters,Separate Hotwater Heater:Yes
Unit Size
7,595 Ft²
Days on Market
-
Land Size
1.30 acres
Price per sqft
$280
Property Type
House
Property Taxes
$4,332
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: 4 months ago (OneKey MLS #KEYL3233977)

Price History

Date / Event Date Event Price
Jan 28, 2021 Sold
Premium
Sold
Dec 22, 2020 Sold
Premium
Sold
Sep 30, 2020 In contract -
In contract
Jul 17, 2020 Listed by Douglas Elliman Real Estate $2,125,000
Listed by Douglas Elliman Real Estate
Aug 22, 2012 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Bedroom Count: 0
  • Bathroom Count: 7
  • Full Bathrooms: 6
  • Partial Bathrooms: 7
  • 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: 56,550
  • Lot Size Depth Feet: 4,350
  • Lot Size Frontage Feet: 1,300
  • Total Building Area: 7,595
  • Building Area: 7,595
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 7,956
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001298
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: N-CHESS E-CEDAR LANE S-CRANFORD W-CREEK

Neighborhood

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

Geography

  • Account Number: 20230407350
  • District: 0102-0
  • Section: 16.00
  • Parcel: 0102-016.00-01.00-004.000
  • Block: 1
  • Lot: 4.000
  • Municipality: BABYLON
  • Latitude: 40.6903
  • Longitude: -73.3271

    Address

  • Full Address: 30 Cedar Ln
  • Address - House Number: 30
  • Address - Street Name: Cedar
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Babylon
  • Carrier Code: C021
  • 4-Digit Zip Code: 3809
  • Zip Code: 11702

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,635,735
  • Tax Rate Code Area: 472001

    Appraisal Valuation

  • Standard Deviation: 0.2147
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 70
  • Final Value: 1,391,663
  • High Value: 1,690,579
  • Low Value: 1,092,746

    Market Valuation

  • Market Total Value: $1,066,481
  • Market Land Value: $135,196
  • Market Improvement Value: $931,285

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $19,090
  • Assessed Land Value: $2,420
  • Assessed Improvements Value: $16,670

    Sales

  • Current Sale Contract Date: Dec 22, 2020
  • Current Sale Recording Date: Jan 28, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 22, 2012
  • Previous Sale Contract Date: Aug 07, 2012
  • Previous Sale Amount: $1,625,000
  • Previous Sale Document Type: 12
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

1795 ft²

Average Home Age

65.3 years

Currently For Sale

19 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 180 Deer Park Avenue, Babylon, NY, 11702

$3,200 /mo

  • Studio
  • 1 Bath
  • 640 ft²
180 Deer Park Avenue #301, Babylon, NY, 11702 Listing by Loraine Burke CBR
Unit for rent at 11 Park Avenue, Babylon, NY, 11702

$3,300 /mo

  • 2 Beds
  • 1 Bath
  • 800 ft²
11 Park Avenue #2A, Babylon, NY, 11702 Listing by Kenneth Hirsch
Unit for rent at 20 Perry Boulevard, Lindenhurst, NY, 11757

$2,715 /mo

  • 1 Bed
  • 1 Bath
  • 685 ft²
20 Perry Boulevard #1, Lindenhurst, NY, 11757 Listing by Michelle Holmes

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 30 Cedar Lane built and last sold?
The property at 30 Cedar Lane was built in 1963 and last sold on Dec 22, 2020 for $6,650,000.
How much is this home worth?
The estimated value of the home located at 30 Cedar Lane is $2,521,344.
What are some comparable homes to 30 Cedar Lane?
There are currently no comparable homes to 30 Cedar Lane.
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