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Smithtown 11787 Smithtown
31 New Mill Road
Photo of 31 New Mill Road
Sold on Jul 24, 2025

36

Map

Photo of 31 New Mill Road
Photo of 31 New Mill Road
$770,000
● House - Off Market

31 New Mill Road

Smithtown, NY 11787
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
4,220 Ft²
$5,404
Est. Monthly
10.05%
Cap Rate

About This Property

Located in the sought-after Forestwood section of Smithtown, 31 New Mill Road is a spacious, 5 bedrooms, 3.5 bathroom home that presents a fantastic opportunity for buyers looking to put their personal touch on a property. Situated in a serene neighborhood, this home offers ample living space, a private 3 room office area in the lower level basement, and the potential for customization throughout. While the home needs some updating, its solid structure and generous layout make it a great candidate for a modern renovation. Some updates and upgrades include a new roof, siding, all windows and electric including a generator.
Unit Size
4,220 Ft²
Days on Market
188 days
Land Size
0.83 acres
Price per sqft
$178
Property Type
House
Property Taxes
$1,721
HOA Dues
-
Year Built
-

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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 #KEY813331)

Price History

Date / Event Date Event Price
Jul 24, 2025 Sold
Premium
Sold
May 6, 2025 In contract -
In contract
Apr 2, 2025 Price Decreased $750,000
↓ $49K (6.1%)
Price Decreased
Jan 17, 2025 Listed by The Agency Northshore NY $799,000
Listed by The Agency Northshore NY

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 36,155
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000830
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: 100.-1-45 SCOTT HODGKINSON NEW MILL RD WEISSMAN

Neighborhood

  • School District Name: Smithtown Central School District
  • School Tax School District: SMITHTOWN
  • Census Tract: 134909

Geography

  • District: 0800-1
  • Section: 100.00
  • Parcel: 0800-100.00-01.00-045.000
  • Block: 1
  • Lot: 45.000
  • Municipality: SMITHTOWN
  • Latitude: 40.8543
  • Longitude: -73.2112

    Address

  • Full Address: 31 New Mill Rd
  • Address - House Number: 31
  • Address - Street Name: New Mill
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Smithtown
  • Carrier Code: C034
  • 4-Digit Zip Code: 3323
  • Zip Code: 11787

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $986,651
  • Tax Rate Code Area: 473401

    Appraisal Valuation

  • Standard Deviation: 0.2147
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 70
  • Final Value: 849,852
  • High Value: 1,032,392
  • Low Value: 667,311

    Market Valuation

  • Market Total Value: $9,023
  • Market Land Value: $575
  • Market Improvement Value: $8,448

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $7,850
  • Assessed Land Value: $500
  • Assessed Improvements Value: $7,350
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 Smithtown

Stats & Trends

Median Asking:

$799,000

Sale Price/ft²

$410

Below Asking

0.01%

Average Days on Market

86

Average Home Size

2524 ft²

Average Home Age

61.6 years

Currently For Sale

46 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

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 31 New Mill Road built and last sold?
The property at 31 New Mill Road was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 31 New Mill Road is $0.
What are some comparable homes to 31 New Mill Road?
There are currently no comparable homes to 31 New Mill Road.
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