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North Babylon 11702 North Babylon
31 Oakrest Lane
Photo of 31 Oakrest Lane
Sold on Feb 13, 2023

24

Map

Photo of 31 Oakrest Lane
Photo of 31 Oakrest Lane
$525,000
● House - Off Market

31 Oakrest Lane

Babylon, NY 11702
bedrooms
3 Beds
bathrooms
2 Baths
$517,209
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

Beautiful Expanded 3 Bedroom, 2 bathroom Ranch, Formal Dining room, Living room/Grand room with Fireplace, Eat in Kitchen. Hard wood Floors, Full Basement, Garage with Driveway. Heating system 10 yrs old. This Lovely three bedroom two bath Ranch is a must see.  Finished basement, new roof  200 AMP (Updated 2019), Vinyl sidling, New Roof, New Stoop, Leak proof Gutters installed.    PRICED TO SELL!!!, Additional information: Appearance:Excellent,Green Features:Insulated Doors,Interior Features:Marble Bath
Unit Size
-
Days on Market
210 days
Land Size
0.17 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,009
HOA Dues
-
Year Built
1960

Payment Calculator

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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: 13 days ago (OneKey MLS #KEYL3416855)

Price History

Date / Event Date Event Price
Feb 13, 2023 Sold
Premium
Sold
Dec 16, 2022 Sold
Premium
Sold
Sep 1, 2022 In contract -
In contract
Jul 18, 2022 Listed by Advantage + Realty Corp $495,000
Listed by Advantage + Realty Corp

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 7,568
  • Lot Size Depth Feet: 860
  • Lot Size Frontage Feet: 880
  • Total Building Area: 1,553
  • Building Area: 1,553
  • Building Area Measurement: M

    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
  • Subdivision: MAP FRANCIS PARK
  • Land Acres: 0000000173
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: FILED MAP 2727 LOT 6

Neighborhood

  • School District Name: North Babylon Union Free School District
  • School Tax School District: NORTH BABYLON
  • Census Tract: 123102

Zoning

  • Zoning: C

Geography

  • Account Number: 20232314010
  • District: 0100-1
  • Section: 162.00
  • Parcel: 0100-162.00-04.00-027.000
  • Block: 4
  • Lot: 27.000
  • Municipality: BABYLON
  • Latitude: 40.7121
  • Longitude: -73.3193

    Address

  • Full Address: 31 Oakrest Ln
  • Address - House Number: 31
  • Address - Street Name: Oakrest
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Babylon
  • Carrier Code: C001
  • 4-Digit Zip Code: 1506
  • Zip Code: 11702

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $497,082
  • Tax Rate Code Area: 472003

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 484,156
  • High Value: 554,004
  • Low Value: 414,308

    Market Valuation

  • Market Total Value: $5,651
  • Market Land Value: $621
  • Market Improvement Value: $5,030

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,730
  • Assessed Land Value: $410
  • Assessed Improvements Value: $3,320

    Sales

  • Current Sale Contract Date: Oct 24, 2022
  • Current Sale Recording Date: Dec 16, 2022
  • Current Sale Price:
    Premium
  • Current 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 North Babylon

Stats & Trends

Median Asking:

$649,000

Sale Price/ft²

$415

Below Asking

0.01%

Average Days on Market

90

Average Home Size

1584 ft²

Average Home Age

65.7 years

Currently For Sale

24 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 5 Merman Place, Babylon, NY, 11702

$3,005 /mo

  • 1 Bed
  • 1 Bath
  • 520 ft²
5 Merman Place #5, Babylon, NY, 11702 Listing by Michelle Holmes
Unit for rent at 180 Deer Park Avenue, Babylon, NY, 11702

$3,300 /mo

  • 1 Bed
  • 1 Bath
  • 640 ft²
180 Deer Park Avenue #301, Babylon, NY, 11702 Listing by Loraine Burke CBR
Unit for rent at 11 Park Avenue, Babylon, NY, 11702

$3,100 /mo

  • 2 Beds
  • 1 Bath
  • 800 ft²
11 Park Avenue #2A, Babylon, NY, 11702 Listing by Kenneth Hirsch

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 13 days ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 31 Oakrest Lane built and last sold?
The property at 31 Oakrest Lane was built in 1960 and last sold on Oct 24, 2022 for $525,000.
How much is this home worth?
The estimated value of the home located at 31 Oakrest Lane is $499,950.
What are some comparable homes to 31 Oakrest Lane?
There are currently no comparable homes to 31 Oakrest Lane.
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