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Merrick 11566 Merrick
3116 Monterey Drive
Photo of 3116 Monterey Drive
Sold on Sep 18, 2025

43

Map

Photo of 3116 Monterey Drive
Photo of 3116 Monterey Drive
$1,075,000
● House - Off Market

3116 Monterey Drive

Hempstead, NY 11566
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,600 Ft²
$6,875
Est. Monthly
3.58%
Cap Rate

About This Property

Welcome to 3116 Monterey Drive on a Quiet Mid- Block Prime S Merrick Location. This Turn Key Splanch Offers Completely Updated Kitchen, 2.5 Bathrooms, Floors, Windows, and Siding.   The Kitchen Features all Stainless Appliances, Beautiful White Cabinets, Subway Backsplash , Quartz Counters and Pantry. Custom Tuscan Tile Thru-Out Downstairs Basement Finished with LV Flooring.  New Front Doors, New Interior Doors and Moldings Thru-out. Outside has Cedar Impression Around Entire Home, Fully Fenced , Professional Landscaped, and Brick Patio in Yard. New Weil-Mclain Boiler, 200 AMP New Electric Box.  Too Much to List! Designer Showcase
Unit Size
2,600 Ft²
Days on Market
104 days
Land Size
0.15 acres
Price per sqft
$413
Property Type
House
Property Taxes
$1,596
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: 2 years ago (OneKey MLS #KEY868691)

Price History

Date / Event Date Event Price
Sep 18, 2025 Sold
Premium
Sold
Jun 28, 2025 In contract -
In contract
May 29, 2025 Listed by Realty Connect USA LLC $1,075,000
Listed by Realty Connect USA LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Total Rooms: 4
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 280
  • Garage Type: 10
  • Garage Square Area: 400
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 710
  • Total Building Area: 2,408
  • Building Area: 2,408
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,408
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000149
  • 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: 62-226-00-0006
  • Block: 226
  • Lot: 6
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.641
  • Longitude: -73.5499

    Address

  • Full Address: 3116 Monterey Dr
  • Address - House Number: 3116
  • Address - Street Name: Monterey
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Merrick
  • Carrier Code: C033
  • 4-Digit Zip Code: 5133
  • Zip Code: 11566

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,885,788
  • Tax Rate Code Area: 126

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 911,569
  • High Value: 1,058,670
  • Low Value: 764,468

    Market Valuation

  • Market Total Value: $702,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $702
  • Assessed Land Value: $250
  • Assessed Improvements Value: $452

    Sales

  • Current Sale Contract Date: Mar 29, 2013
  • Current Sale Recording Date: Apr 08, 2013
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2013040801418
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:

$939,000

Sale Price/ft²

$491

Below Asking

0.01%

Average Days on Market

89

Average Home Size

2205 ft²

Average Home Age

65.8 years

Currently For Sale

39 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 201 Stuyvesant Avenue, Merrick, NY, 11566

$5,000 /mo

  • 3 Beds
  • 1 Bath
  • 1,244 ft²
201 Stuyvesant Avenue, Merrick, NY, 11566 Listing by Kevin Coons
Unit for rent at 2171 Washington Street, Merrick, NY, 11566

$5,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,526 ft²
2171 Washington Street, Merrick, NY, 11566 Listing by Cathy Stone CBR

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 3116 Monterey Drive built and last sold?
The property at 3116 Monterey Drive was built in 1964 and last sold on Mar 29, 2013 for $0.
How much is this home worth?
The estimated value of the home located at 3116 Monterey Drive is $0.
What are some comparable homes to 3116 Monterey Drive?
There are currently no comparable homes to 3116 Monterey Drive.
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