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Merrick 11566 Merrick
3137 Monterey Drive
Photo of 3137 Monterey Drive
Sold on Aug 11, 2025

9

Map

Photo of 3137 Monterey Drive
Photo of 3137 Monterey Drive
$770,000
● House - Off Market

3137 Monterey Drive

Hempstead, NY 11566
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,147 Ft²
$5,196
Est. Monthly
5.25%
Cap Rate

About This Property

Wonderful Opportunity to make this home your own!  Deep South Merrick Desirable Largest model Hi-ranch on tranquil block.  Beautiful hardwood floors on main floor. Large bedrooms. Primary bedroom with ensuite bath plus additional 1.5 baths. Bring your vision and transform this large house into your dream home with your own personal style! Don't miss this one!
Unit Size
2,147 Ft²
Days on Market
102 days
Land Size
0.16 acres
Price per sqft
$354
Property Type
House
Property Taxes
$1,468
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 #KEY853309)

Price History

Date / Event Date Event Price
Aug 11, 2025 Sold
Premium
Sold
May 22, 2025 In contract -
In contract
May 13, 2025 Price Increased $759,000
↑ $20K (2.7%)
Price Increased
Apr 24, 2025 Listed by Realty Connect USA LLC $739,000
Listed by Realty Connect USA LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 17
  • 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: 678
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Lot Size Depth Feet: 980
  • Lot Size Frontage Feet: 680
  • Total Building Area: 2,147
  • Building Area: 2,147
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,147
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000161
  • 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: 62-223-00-0017
  • Block: 223
  • Lot: 17
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6408
  • Longitude: -73.5491

    Address

  • Full Address: 3137 Monterey Dr
  • Address - House Number: 3137
  • Address - Street Name: Monterey
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Merrick
  • Carrier Code: C033
  • 4-Digit Zip Code: 5135
  • Zip Code: 11566

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,553,306
  • Initial Tax Delinquent Year: 2023
  • Tax Rate Code Area: 126

    Appraisal Valuation

  • Standard Deviation: 0.174
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 77
  • Final Value: 877,064
  • High Value: 1,029,702
  • Low Value: 724,426

    Market Valuation

  • Market Total Value: $636,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $636
  • Assessed Land Value: $279
  • Assessed Improvements Value: $357

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes
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

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 3137 Monterey Drive built and last sold?
The property at 3137 Monterey Drive was built in 1964 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 3137 Monterey Drive is $780,973.
What are some comparable homes to 3137 Monterey Drive?
There are currently no comparable homes to 3137 Monterey Drive.
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