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Merrick 11566 Merrick
307 Merrick Avenue
$710,000
● House - Off Market

307 Merrick Avenue

Merrick, NY 11566
bedrooms
6 Beds
bathrooms
4 Baths, 1 Half Bath
$910,838
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model

About This Property

SELLING THE DREAM! Rare Opportunity To Buy On One of South Merrick's Exclusive Blocks. This Property Will Be Designated By The Town To LAKE END AVE. This Enormous House Has Its Own Unique Charm With Oversized Rooms And Unbelievable Possibilities. This Home Can Fulfill All Your Desires Of Implementing Your Own Modern Updates Within Its Picturesque Setting. This Is A Must Buy!
Unit Size
-
Days on Market
163 days
Land Size
0.21 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,679
HOA Dues
-
Year Built
1915

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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: 3 years ago (OneKey MLS #ONE3265049)

Price History

Date / Event Date Event Price
Apr 9, 2021 Sold
Premium
Sold
Dec 29, 2020 In contract -
In contract
Oct 28, 2020 Listed by Douglas Elliman Real Estate $749,000
Listed by Douglas Elliman Real Estate
Dec 10, 2019 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • Building Count: 2
  • Total Rooms: 8
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 6
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,731
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,250
  • Total Building Area: 3,309
  • Gross Building Area: 3,309
  • Building Area: 3,309
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,309
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000430
  • Standard Land Use Code: 1100
  • County Land Use Code: 2800
  • Legal Description 1: TOWN #1 SCH DIST 025

Neighborhood

  • School District Name: Merrick Union Free School District
  • School Tax School District: 025
  • Census Tract: 415202

Geography

  • District: 282089
  • Section: 63
  • Parcel: 63-146-00-0042
  • Block: 146
  • Lot: 42
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6536
  • Longitude: -73.5459

    Address

  • Full Address: 307 Merrick Ave
  • Address - House Number: 307
  • Address - Street Name: Merrick
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Merrick
  • Carrier Code: C004
  • 4-Digit Zip Code: 4625
  • Zip Code: 11566

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,182,156
  • Tax Rate Code Area: 126

    Appraisal Valuation

  • Standard Deviation: 0.1781
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 76
  • Final Value: 1,093,564
  • High Value: 1,288,334
  • Low Value: 898,795

    Market Valuation

  • Market Total Value: $1,755,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,755
  • Assessed Land Value: $387
  • Assessed Improvements Value: $1,368

    Sales

  • Current Sale Contract Date: Nov 18, 2019
  • Current Sale Recording Date: Dec 10, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2019-108620

    Financing

  • First Mortgage Financing Type: FIX
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:

$939,000

Sale Price/ft²

$489

Below Asking

0.01%

Average Days on Market

88

Average Home Size

2139 ft²

Average Home Age

63.2 years

Currently For Sale

38 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 2607 Lindenmere Drive, Merrick, NY, 11566

$5,500 /mo

  • 5 Beds
  • 3 Baths
  • 2,500 ft²
2607 Lindenmere Drive, Merrick, NY, 11566 Listing by Yi Jiang

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 3 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 307 Merrick Avenue built and last sold?
The property at 307 Merrick Avenue was built in 1915 and last sold on Nov 18, 2019 for $930,000.
How much is this home worth?
The estimated value of the home located at 307 Merrick Avenue is $0.
What are some comparable homes to 307 Merrick Avenue?
There are currently no comparable homes to 307 Merrick Avenue.
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