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Merrick 11566 Merrick
3087 Shore Drive
$1,045,000
● House - Off Market

3087 Shore Drive

Hempstead, NY 11566
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,622 Ft²
$2,271,570
RealtyHop Estimate
101.92%
Since May 1, 2013
National-US
Primary Model

About This Property

Cstm Brick Bayfront Colonial,Over 3600 Sqft,Elegant/Spacious With Panoramic Views Of Jones Beach In Your Backyard-Room To Stay,Room To Play!70 Ft Pier,100 Ft Bulkhead,16X36 Htd Igp,Awesome Spa Bath,Crown Mldngs,Porcelain And Cstm Tile,Hot Tub Rm,Pavers,All The Bells And Whistles-Stunning Gym And Hm Office,Gorgeous Exposure Due South!Sunrise,Sunsets-Awesome Resort At Home!, Additional information: Appearance:Mint,Separate Hotwater Heater:Y
Unit Size
3,622 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$311
Property Type
House
Property Taxes
$2,740
HOA Dues
-
Year Built
1964

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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: 5 months ago (OneKey MLS #KEYL2491450)

Price History

Date / Event Date Event Price
Oct 21, 2020 Sold
Premium
Sold
Dec 8, 2019 No longer available -
No longer available
Sep 13, 2019 Price Decreased $939,999
↓ $60K (6%)
Price Decreased
Aug 21, 2019 Price Decreased $999,999
↓ $79K (7.3%)
Price Decreased
Aug 13, 2019 Relisted $1,079,000
Relisted
Show More

Property Highlights

Garage
Air Conditioning
With View
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Total Rooms: 9
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: 1
  • Building Quality: 5
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 10
  • Location Influence Type: 23

    Dimensions

  • Lot Size Square Feet: 10,400
  • Lot Size Depth Feet: 1,290
  • Lot Size Frontage Feet: 520
  • Total Building Area: 3,622
  • Building Area: 3,622
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,622
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000239
  • 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: 62-225-00-0018
  • Block: 225
  • Lot: 18
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6392
  • Longitude: -73.5452

    Address

  • Full Address: 3087 Shore Dr
  • Address - House Number: 3087
  • Address - Street Name: Shore
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Merrick
  • Carrier Code: C028
  • 4-Digit Zip Code: 5204
  • Zip Code: 11566

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,171,203
  • Initial Tax Delinquent Year: 2023
  • Tax Rate Code Area: 126

    Appraisal Valuation

  • Standard Deviation: 0.189
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 75
  • Final Value: 1,323,011
  • High Value: 1,573,147
  • Low Value: 1,072,875

    Market Valuation

  • Market Total Value: $1,036,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,036
  • Assessed Land Value: $467
  • Assessed Improvements Value: $569

    Sales

  • Current Sale Contract Date: Oct 06, 2020
  • Current Sale Recording Date: Oct 21, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2020-099250
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:

$949,000

Sale Price/ft²

$491

Below Asking

0.01%

Average Days on Market

89

Average Home Size

2185 ft²

Average Home Age

64 years

Currently For Sale

41 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: 5 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 3087 Shore Drive built and last sold?
The property at 3087 Shore Drive was built in 1964 and last sold on Oct 6, 2020 for $970,000.
How much is this home worth?
The estimated value of the home located at 3087 Shore Drive is $0.
What are some comparable homes to 3087 Shore Drive?
There are currently no comparable homes to 3087 Shore Drive.
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