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Merrick 11566 Merrick
3124 Monterey Drive
Photo of 3124 Monterey Drive
Sold on Aug 19, 2022

26

Map

Photo of 3124 Monterey Drive
Photo of 3124 Monterey Drive
$860,000
● House - Off Market

3124 Monterey Drive

Hempstead, NY 11566
bedrooms
4 Beds
bathrooms
3 Baths
$867,453
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Presenting The "Imperial Gardens"..Big, Bold and updated throughout! A true wideliner this spacious home features a white shaker eik/granite counters/custom backsplash/GE Profile appliances,Updated bath down/radiant heat,custom pavers front and side,Primary suite with full wall custom closets,gleaming hardwood floors,new fence,skylites,huge vaulted extension down/4th bedroom/home offce/game room/separate ductless ac,2 car garage w/epoxy floor,sweeping yard!Near MECA and Julian Lane Park. Unique model with everything you could want-move right in!, Additional information: Appearance:Mint,Separate Hotwater Heater:Yes
Unit Size
-
Days on Market
-
Land Size
0.14 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,400
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 #KEYL3400732)

Price History

Date / Event Date Event Price
Aug 19, 2022 Sold
Premium
Sold
Jun 9, 2022 In contract -
In contract
May 18, 2022 Listed by Douglas Elliman Real Estate $839,000
Listed by Douglas Elliman Real Estate

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 5
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 725
  • Garage Type: 7
  • Garage Square Area: 23
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,442
  • Building Area: 2,442
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,442
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • 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: 62-226-00-0007
  • Block: 226
  • Lot: 7
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6408
  • Longitude: -73.5498

    Address

  • Full Address: 3124 Monterey Dr
  • Address - House Number: 3124
  • 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: $1,474,047
  • Tax Rate Code Area: 126

    Appraisal Valuation

  • Standard Deviation: 0.1653
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 852,395
  • High Value: 993,331
  • Low Value: 711,459

    Market Valuation

  • Market Total Value: $635,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $635
  • Assessed Land Value: $245
  • Assessed Improvements Value: $390

    Exemptions

  • Veteran Exemption: Yes
  • Disabled Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 19, 2022
  • Current Sale Recording Date: Aug 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2022-89745
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:

$899,500

Sale Price/ft²

$490

Below Asking

0.01%

Average Days on Market

89

Average Home Size

2267 ft²

Average Home Age

58.4 years

Currently For Sale

34 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

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OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 3124 Monterey Drive built and last sold?
The property at 3124 Monterey Drive was built in 1964 and last sold on Aug 19, 2022 for $860,000.
How much is this home worth?
The estimated value of the home located at 3124 Monterey Drive is $0.
What are some comparable homes to 3124 Monterey Drive?
There are currently no comparable homes to 3124 Monterey Drive.
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