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Oceanside 11572 Oceanside
3048 Morrow Road
Photo of 3048 Morrow Road
Sold on Mar 28, 2023

21

Map

Photo of 3048 Morrow Road
Photo of 3048 Morrow Road
$450,000
● House - Off Market

3048 Morrow Road

Hempstead, NY 11572
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,270 Ft²
$483,297
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Look no further!!! 3048 Morrow Road was completely renovated in 2012-2014. New roof, siding, floors, baths, gas heating w/2 zones & appliances. Updated plumbing and 110 Amp electric service. 1 A/C unit in wall. First floor offers Enclosed front porch, office, living room, updated eat in kitchen w/granite countertops & gas cooking, mudroom, full bath & Large Bedroom on first floor can be considered a master. 2 additional bedrooms on second floor with half bath. Quiet dead end street close to LIRR, bus, shops etc. Oside schools elementary #2. Brand new front & back stoop. Unfinshed Basement great for storage only. Hardwood floors throughout first floor & wall to wall on second floor. One car detached garage, private driveway with room for 3-4 cars & street parking is also available., Additional information: Appearance:excellent,Separate Hotwater Heater:n
Unit Size
1,270 Ft²
Days on Market
211 days
Land Size
0.08 acres
Price per sqft
$369
Property Type
House
Property Taxes
$789
HOA Dues
-
Year Built
1925

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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: 2 years ago (OneKey MLS #KEYL3426425)

Price History

Date / Event Date Event Price
Apr 12, 2023 Sold
Premium
Sold
Jan 24, 2023 In contract -
In contract
Nov 16, 2022 Price Decreased $469,000
↓ $10K (2.1%)
Price Decreased
Oct 15, 2022 Price Decreased $479,000
↓ $21K (4.2%)
Price Decreased
Sep 14, 2022 Price Increased $499,990
↑ $31K (6.6%)
Price Increased
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 13
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 252
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,680
  • Lot Size Depth Feet: 930
  • Lot Size Frontage Feet: 420
  • Total Building Area: 1,240
  • Building Area: 1,240
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,240
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP OF BUNGALOW PARK
  • Land Acres: 0000000084
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 011

Neighborhood

  • School District Name: Oceanside Union Free School District
  • School Tax School District: 011
  • Census Tract: 413002

Geography

  • District: 282089
  • Section: 43
  • Parcel: 43-350-00-0063
  • Block: 350
  • Lot: 63-64
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6385
  • Longitude: -73.6545

    Address

  • Full Address: 3048 Morrow Rd
  • Address - House Number: 3048
  • Address - Street Name: Morrow
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Oceanside
  • Carrier Code: C053
  • 4-Digit Zip Code: 2715
  • Zip Code: 11572

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $825,224
  • Tax Rate Code Area: 129

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 555,299
  • High Value: 644,909
  • Low Value: 465,690

    Market Valuation

  • Market Total Value: $378,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $378
  • Assessed Land Value: $160
  • Assessed Improvements Value: $218

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 28, 2023
  • Current Sale Recording Date: Apr 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2023-21666
  • Previous Sale Recording Date: Nov 28, 2001
  • Previous Sale Contract Date: Oct 24, 2001
  • Previous Sale Amount: $195,000
  • 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 Oceanside

Stats & Trends

Median Asking:

$749,000

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

90

Average Home Size

1984 ft²

Average Home Age

65.1 years

Currently For Sale

69 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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$3,600 /mo

  • 2 Beds
  • 1 Bath
  • 1,200 ft²
56 State Street, Rockville Centre, NY, 11570 Listing by Glen Fox
Unit for rent at 57 Earle Avenue, Lynbrook, NY, 11563

$4,200 /mo

  • 3 Beds
  • 1 Bath
  • 3,414 ft²
57 Earle Avenue #2NDFLOOR, Lynbrook, NY, 11563 Listing by Karen A. Elefante
Unit for rent at 2 Fowler Avenue, Lynbrook, NY, 11563

$3,750 /mo

  • 3 Beds
  • 2 Baths
  • 1,300 ft²
2 Fowler Avenue #211, Lynbrook, NY, 11563 Listing by Jessica Rivas

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 3048 Morrow Road built and last sold?
The property at 3048 Morrow Road was built in 1925 and last sold on Mar 28, 2023 for $450,000.
How much is this home worth?
The estimated value of the home located at 3048 Morrow Road is $473,690.
What are some comparable homes to 3048 Morrow Road?
There are currently no comparable homes to 3048 Morrow Road.
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