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Merrick 11566 Merrick
3047 Bond Drive
$860,000
● House - Off Market

3047 Bond Drive

Hempstead, NY 11566
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$5,500
Est. Monthly
4.66%
Cap Rate

About This Property

Welcome to this beautiful deep South Merrick Hi Ranch featuring 4 Beds, 2.5 Baths. Kitchen and Primary Bath only 6 years old. Newer Deck, Roof and Siding. Central Air Conditioning. Large Back Yard. Gas in the street. Low Taxes. Around the block from Julian Lane Park, experience the peace and tranquility of living in this deep south peninsula home. Close to shopping, parks and beaches. This home has it all.
Unit Size
-
Days on Market
-
Land Size
0.14 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,203
HOA Dues
-
Year Built
1962

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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 #KEYL3574972)

Price History

Date / Event Date Event Price
Dec 17, 2024 Sold
Premium
Sold
Aug 28, 2024 Listed by EXP Realty $874,900
Listed by EXP Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 5
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 585
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,959
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 580
  • Total Building Area: 1,870
  • Building Area: 1,870
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,870
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000137
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 025

Neighborhood

  • School District Name: Merrick Union Free School District
  • School Tax School District: 025
  • Census Tract: 415102

Geography

  • District: 282089
  • Section: 62
  • Parcel: 62-215-00-0052
  • Block: 215
  • Lot: 52
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6414
  • Longitude: -73.5495

    Address

  • Full Address: 3047 Bond Dr
  • Address - House Number: 3047
  • Address - Street Name: Bond
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Merrick
  • Carrier Code: C051
  • 4-Digit Zip Code: 5124
  • Zip Code: 11566

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,426,751
  • Tax Rate Code Area: 126

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 813,618
  • High Value: 944,913
  • Low Value: 682,323

    Market Valuation

  • Market Total Value: $625,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $625
  • Assessed Land Value: $268
  • Assessed Improvements Value: $357

    Exemptions

  • Veteran Exemption: Yes
  • Disabled 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 Merrick

Stats & Trends

Median Asking:

$899,500

Sale Price/ft²

$492

Below Asking

0.01%

Average Days on Market

87

Average Home Size

2184 ft²

Average Home Age

61.4 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

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OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 3047 Bond Drive built and last sold?
The property at 3047 Bond Drive was built in 1962 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 3047 Bond Drive is $0.
What are some comparable homes to 3047 Bond Drive?
There are currently no comparable homes to 3047 Bond Drive.
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