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East Meadow 11554 East Meadow
325 Oltmann Road
$470,000
● House - Off Market

325 Oltmann Road

Hempstead, NY 11554
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
$526,520
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

Short sale Subject to third party approval. House Sold As is. All info Deemed reliable but Not guaranteed. Buyer to verify all property info., Additional information: Appearance:Average,Business Located At:,Rental Income:,Separate Hotwater Heater:No
Unit Size
-
Days on Market
-
Land Size
0.14 acres
Price per sqft
-
Property Type
House
Property Taxes
$875
HOA Dues
-
Year Built
1951

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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 #KEYL3202043)

Price History

Date / Event Date Event Price
Jun 18, 2021 Sold
Premium
Sold
Apr 2, 2021 In contract -
In contract
Mar 22, 2021 Relisted $450,000
Relisted
Feb 22, 2020 Listed by Keller Williams Landmark II $450,000
Listed by Keller Williams Landmark II
Dec 11, 2000 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 180
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,203
  • Building Area: 1,203
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,203
  • 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 003

Neighborhood

  • School District Name: East Meadow Union Free School District
  • School Tax School District: 003
  • Census Tract: 408300

Geography

  • District: 282089
  • Section: 51
  • Parcel: 51-001-00-0068
  • Block: 1
  • Lot: 68-70
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.7159
  • Longitude: -73.5402

    Address

  • Full Address: 325 Oltmann Rd
  • Address - House Number: 325
  • Address - Street Name: Oltmann
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: East Meadow
  • Carrier Code: C026
  • 4-Digit Zip Code: 3315
  • Zip Code: 11554

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,160,319
  • Tax Rate Code Area: 328

    Appraisal Valuation

  • Standard Deviation: 0.1823
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 76
  • Final Value: 605,431
  • High Value: 715,823
  • Low Value: 495,038

    Market Valuation

  • Market Total Value: $482,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $482
  • Assessed Land Value: $248
  • Assessed Improvements Value: $234

    Sales

  • Current Sale Contract Date: Jun 18, 2021
  • Current Sale Recording Date: Jun 28, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2021-084276
  • Previous Sale Recording Date: Dec 11, 2000
  • Previous Sale Contract Date: Nov 15, 2000
  • Previous Sale Amount: $245,000
  • Previous 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 East Meadow

Stats & Trends

Median Asking:

$799,000

Sale Price/ft²

$505

Below Asking

0.01%

Average Days on Market

83

Average Home Size

2010 ft²

Average Home Age

55 years

Currently For Sale

49 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 750 Highview Avenue, Westbury, NY, 11590

$2,200 /mo

  • 2 Beds
  • 1 Bath
  • 2,019 ft²
750 Highview Avenue, Westbury, NY, 11590 Listing by Fatma M. Abdalla CBR
Unit for rent at 22 Shelter Lane, Levittown, NY, 11756

$4,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,050 ft²
22 Shelter Lane, Levittown, NY, 11756 Listing by Damian Ross SFR CBR
Unit for rent at 102 Division, Levittown, NY, 11756

$2,500 /mo

  • 1 Bed
  • 1 Bath
102 Division #1C, Levittown, NY, 11756 Listing by Barbara Gunn

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 6 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 325 Oltmann Road built and last sold?
The property at 325 Oltmann Road was built in 1951 and last sold on Jun 18, 2021 for $470,000.
How much is this home worth?
The estimated value of the home located at 325 Oltmann Road is $454,500.
What are some comparable homes to 325 Oltmann Road?
There are currently no comparable homes to 325 Oltmann Road.
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