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Great Neck Estates 11021 Great Neck Estates
31 Gateway Drive
$2,500,000
● House - Off Market

31 Gateway Drive

North Hempstead, NY 11021
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
$3,447,902
RealtyHop Estimate
33.12%
Since Nov 1, 2020
NY-New York
Primary Model

About This Property

Welcome to this magnificent south facing stone and brick colonial located in the prestigious Village of Great Neck Estates. Pristinely set on professionally landscaped shy 1/2 acre with it's own heated gunite saltwater pool and hot tub, outdoor shower. This home has it all! 5 bedrooms 4.5 new baths, marble master bath with radiant heat, circular paver driveway with heated area at base of outside stairs, formal dining room, enormous radiant heated new eat-in kitchen/family room, den, office/bedroom, maid's room/laundry room with full bath,2 car garage, full finished basement, generator, Great Neck Estates pool, tennis and camp.  Steps to town, train and worship, Additional information: Appearance:amazing,Interior Features:Marble Bath,Separate Hotwater Heater:yes
Unit Size
-
Days on Market
-
Land Size
0.44 acres
Price per sqft
-
Property Type
House
Property Taxes
$2,500
HOA Dues
-
Year Built
1942

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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 #KEYL3231417)

Price History

Date / Event Date Event Price
Oct 13, 2020 Sold
Premium
Sold
Jul 21, 2020 In contract -
In contract
Jul 10, 2020 Listed by LAFFEY REAL ESTATE $2,590,000
Listed by LAFFEY REAL ESTATE
Aug 28, 2008 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1942
  • Effective Year Built: 1942
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 4
  • Building Condition: 3
  • Building Quality: 6
  • Construction Type: 15
  • Building Style: 5
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 348
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 17,772
  • Lot Size Depth Feet: 1,910
  • Lot Size Frontage Feet: 870
  • Total Building Area: 3,980
  • Building Area: 3,980
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,980
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000408
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #2 SCH DIST 007

Neighborhood

  • School District Name: Great Neck Union Free School District
  • School Tax School District: 007
  • School Tax District Code 2: GE
  • Census Tract: 300500

Geography

  • District: 282211
  • Section: 2
  • Parcel: 02-017-00-0410
  • Block: 17
  • Lot: 410
  • Municipality: GREAT NECK ESTATES
  • Latitude: 40.7911
  • Longitude: -73.737

    Address

  • Full Address: 31 Gateway Dr
  • Address - House Number: 31
  • Address - Street Name: Gateway
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Great Neck
  • Carrier Code: C010
  • 4-Digit Zip Code: 1821
  • Zip Code: 11021

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,332,055
  • Tax Rate Code Area: 701

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 2,156,848
  • High Value: 2,504,901
  • Low Value: 1,808,794

    Market Valuation

  • Market Total Value: $1,870,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,870
  • Assessed Land Value: $854
  • Assessed Improvements Value: $1,016

    Sales

  • Current Sale Contract Date: Oct 13, 2020
  • Current Sale Recording Date: Oct 27, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2020-101525
  • Previous Sale Recording Date: Aug 28, 2008
  • Previous Sale Contract Date: Aug 11, 2008
  • Previous Sale Amount: $2,150,000
  • 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 Great Neck

Stats & Trends

Median Asking:

$1,298,000

Sale Price/ft²

$654

Below Asking

0.01%

Average Days on Market

102

Average Home Size

2867 ft²

Average Home Age

65.2 years

Currently For Sale

139 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 7 Bond Street, Great Neck, NY, 11021

$2,950 /mo

  • 1 Bed
  • 1 Bath
  • 650 ft²
7 Bond Street #3B, Great Neck, NY, 11021 Listing by Edna Mashaal
Unit for rent at 4740 Glenwood Street, Little Neck, NY, 11362

$5,335 - $5,748 /mo

  • 3 Beds
  • 2 Baths
  • 1,958 ft²
4740 Glenwood Street, Little Neck, NY, 11362 Listing by Fenger Zou
Unit for rent at 1 Ipswich Avenue, Great Neck, NY, 11021

$3,700 /mo

  • 2 Beds
  • 1 Bath
  • 927 ft²
1 Ipswich Avenue, Great Neck, NY, 11021 Listing by Jamila Dallal

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 31 Gateway Drive built and last sold?
The property at 31 Gateway Drive was built in 1942 and last sold on Oct 13, 2020 for $2,500,000.
How much is this home worth?
The estimated value of the home located at 31 Gateway Drive is $2,615,900.
What are some comparable homes to 31 Gateway Drive?
There are currently no comparable homes to 31 Gateway Drive.
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