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Mill Neck 11765 Mill Neck
318 Mill Hill Road
$905,000
● House - Off Market

318 Mill Hill Road

Oyster Bay, NY 11765
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,892 Ft²
$1,864,421
RealtyHop Estimate
86.44%
Since Feb 1, 2015
National-US
Primary Model

About This Property

Well Maintained Beautifully Situated Spacious Ranch Home Sits High On Wooded Hilltop Overlooking Oyster Bay Harbor.  Very Large Rooms, Estimated Interior Square Footage 2,892., Additional information: Appearance:Excellent
Unit Size
2,892 Ft²
Days on Market
-
Land Size
3.10 acres
Price per sqft
$346
Property Type
House
Property Taxes
$1,924
HOA Dues
-
Year Built
1977

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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: 6 months ago (OneKey MLS #KEYL2683304)

Price History

Date / Event Date Event Price
Feb 4, 2015 Sold
Premium
Sold
Jun 17, 2014 Listed by Signature Premier Properties $999,995
Listed by Signature Premier Properties
Mar 2, 2010 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
With View
Fireplace

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Total Rooms: 9
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: 3
  • Building Quality: 1
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 500
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 134,862
  • Total Building Area: 3,480
  • Building Area: 3,480
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,480
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003096
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #3 SCH DIST 009

Neighborhood

  • School District Name: Oyster Bay-East Norwich Central School District
  • School Tax School District: 009
  • School Tax District Code 2: MN
  • Census Tract: 517801

Geography

  • District: 282425
  • Section: 24
  • Parcel: 24-00D-00-0076
  • Block: D
  • Lot: 76
  • Municipality: MILL NECK
  • Latitude: 40.8724
  • Longitude: -73.546

    Address

  • Full Address: 318 Mill Hill Rd
  • Address - House Number: 318
  • Address - Street Name: Mill Hill
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Mill Neck
  • Carrier Code: R001
  • 4-Digit Zip Code: 1208
  • Zip Code: 11765

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,009,388
  • Tax Rate Code Area: 520

    Appraisal Valuation

  • Standard Deviation: 0.1693
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 78
  • Final Value: 1,802,849
  • High Value: 2,108,106
  • Low Value: 1,497,592

    Market Valuation

  • Market Total Value: $1,350,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,350
  • Assessed Land Value: $892
  • Assessed Improvements Value: $458

    Sales

  • Current Sale Contract Date: Jan 30, 2015
  • Current Sale Recording Date: Feb 04, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2015020401406
  • Previous Sale Recording Date: Mar 02, 2010
  • Previous Sale Contract Date: Feb 12, 2010
  • Previous Sale Amount: $995,000
  • Previous Sale Document Type: 12

    Financing

  • First Mortgage Financing Type: ADJ
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 Mill Neck

Stats & Trends

Median Asking:

$2,699,000

Sale Price/ft²

$662

Below Asking

0.01%

Average Days on Market

44

Average Home Size

7483 ft²

Average Home Age

75.3 years

Currently For Sale

12 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: 6 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 318 Mill Hill Road built and last sold?
The property at 318 Mill Hill Road was built in 1977 and last sold on Jan 30, 2015 for $910,000.
How much is this home worth?
The estimated value of the home located at 318 Mill Hill Road is $0.
What are some comparable homes to 318 Mill Hill Road?
There are currently no comparable homes to 318 Mill Hill Road.
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