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Roosevelt 11575 Roosevelt
31 Margaret Drive
$640,000
● House - Off Market

31 Margaret Drive

Hempstead, NY 11575
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$643,954
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

all redone raised split level features 4 big bedrooms new roof new siding new kitchen quartz countertops new appliances marble floor hi hats 2.5 new baths den finished basement large home lovely street newly done hardwood floors mint move in, Additional information: Appearance:mint
Unit Size
-
Days on Market
-
Land Size
0.14 acres
Price per sqft
-
Property Type
House
Property Taxes
$819
HOA Dues
-
Year Built
1954

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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: 6 months ago (OneKey MLS #KEYL3453430)

Price History

Date / Event Date Event Price
Jan 30, 2023 In contract -
In contract
Jan 19, 2023 Listed by Madison Homes Realty Inc $639,000
Listed by Madison Homes Realty Inc
Sep 2, 2022 Sold
Premium
Sold
Jul 30, 2022 No longer available -
No longer available
Jul 18, 2022 Sold
Premium
Sold
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Total Rooms: 8
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 261
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,100
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 610
  • Total Building Area: 1,826
  • Building Area: 1,826
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,826
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP OF HAUSCH MANOR SECTION 2
  • Land Acres: 0000000140
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 008

Neighborhood

  • School District Name: Roosevelt Union Free School District
  • School Tax School District: 008
  • Census Tract: 414001

Geography

  • District: 282089
  • Section: 55
  • Parcel: 55-549-00-0014
  • Block: 549
  • Lot: 14
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.688
  • Longitude: -73.5836

    Address

  • Full Address: 31 Margaret Dr
  • Address - House Number: 31
  • Address - Street Name: Margaret
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Roosevelt
  • Carrier Code: C004
  • 4-Digit Zip Code: 1534
  • Zip Code: 11575

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $982,400
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 062

    Appraisal Valuation

  • Standard Deviation: 0.0933
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 91
  • Final Value: 619,404
  • High Value: 677,223
  • Low Value: 561,586

    Market Valuation

  • Market Total Value: $375,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $375
  • Assessed Land Value: $122
  • Assessed Improvements Value: $253

    Sales

  • Current Sale Contract Date: May 11, 2023
  • Current Sale Recording Date: May 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2023-28938
  • Previous Sale Recording Date: Sep 02, 2022
  • Previous Sale Contract Date: Aug 31, 2022
  • Previous Sale Amount: $373,800
  • Previous Sale Document Type: 68

    Financing

  • First Mortgage Financing Type: ADJ
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 Roosevelt

Stats & Trends

Median Asking:

$655,990

Sale Price/ft²

$423

Below Asking

0.01%

Average Days on Market

88

Average Home Size

1279 ft²

Average Home Age

83.6 years

Currently For Sale

16 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 1967 Decatur Avenue, North Bellmore, NY, 11710

$2,500 /mo

  • 1 Bed
  • 1 Bath
  • 2 ft²
1967 Decatur Avenue, North Bellmore, NY, 11710 Listing by Glenda Moran
Unit for rent at 47 Hillside Avenue, Freeport, NY, 11520

$3,800 /mo

  • 3 Beds
  • 1 Bath
  • 1,726 ft²
47 Hillside Avenue, Freeport, NY, 11520 Listing by Devon O. Miller
Unit for rent at 694 Blackstone Avenue, East Meadow, NY, 11554

$4,100 /mo

  • 3 Beds
  • 1 Bath
  • 1,092 ft²
694 Blackstone Avenue, East Meadow, NY, 11554 Listing by Jaime Aguilar

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 6 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 31 Margaret Drive built and last sold?
The property at 31 Margaret Drive was built in 1954 and last sold on May 11, 2023 for $640,000.
How much is this home worth?
The estimated value of the home located at 31 Margaret Drive is $645,390.
What are some comparable homes to 31 Margaret Drive?
There are currently no comparable homes to 31 Margaret Drive.
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