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Ridge 11961 Ridge
33 Cherokee Trail Trail
$402,000
● House - Off Market

33 Cherokee Trail Trail

Brookhaven, NY 11961
bedrooms
3 Beds
bathrooms
1 Bath
$429,659
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Beautiful house with Lake rights to Lake Panamoka. Great  3 bedroom ranch on dead end street....completely renovated, just like new... Enjoy your summers on Lake Panamoka within walking distance. large flat backyard fully fenced in. laminated floor and quartz countertops...must see to appreciate... Low taxes, star exemption is $1178.00. "This home qualifies for an amazing first time buyer program with a rate up to 1% under current market rates and no PMI..Don't miss out.", Additional information: Appearance:Beautiful,Interior Features:Lr/Dr
Unit Size
-
Days on Market
138 days
Land Size
0.25 acres
Price per sqft
-
Property Type
House
Property Taxes
$789
HOA Dues
-
Year Built
1972

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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: 4 months ago (OneKey MLS #KEYL3422185)

Price History

Date / Event Date Event Price
Mar 10, 2023 Sold
Premium
Sold
Dec 27, 2022 Sold
Premium
Sold
Nov 19, 2022 In contract -
In contract
Nov 5, 2022 Price Increased $405,000
↑ $115K (39.7%)
Price Increased
Oct 28, 2022 Sold
Premium
Sold
Show More

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 1,144
  • Building Area: 1,144
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 1,144
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE PANAMOKA
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: LAKE PANAMOKA 1984 SEC 8 1094 S 20' 1095 N 70'

Neighborhood

  • School District Name: Longwood Central School District
  • School Tax School District: LONGWOOD
  • Census Tract: 158412

Geography

  • Assessors Map Reference: MAP 2001984
  • Account Number: 00002018232
  • District: 0200-1
  • Section: 151.00
  • Parcel: 0200-151.00-03.00-001.003
  • Block: 3
  • Lot: 1.003
  • Municipality: BROOKHAVEN
  • Latitude: 40.9332
  • Longitude: -72.8503

    Address

  • Full Address: 33 Cherokee Trl
  • Address - House Number: 33
  • Address - Street Name: Cherokee
  • Address - Suffix Type: Trl
  • State: NY
  • City Name: Ridge
  • Carrier Code: R001
  • 4-Digit Zip Code: 1838
  • Zip Code: 11961

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 472212

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 393,808
  • High Value: 450,622
  • Low Value: 336,994

    Market Valuation

  • Market Total Value: $3,982
  • Market Land Value: $463
  • Market Improvement Value: $3,519

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,150
  • Assessed Land Value: $250
  • Assessed Improvements Value: $1,900

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 27, 2022
  • Current Sale Recording Date: Mar 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Oct 28, 2022
  • Previous Sale Contract Date: Jul 20, 2022
  • Previous Sale Amount: $290,000
  • 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 Ridge

Stats & Trends

Median Asking:

$495,000

Sale Price/ft²

$365

Below Asking

0.01%

Average Days on Market

81

Average Home Size

1441 ft²

Average Home Age

46.2 years

Currently For Sale

43 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 126 Overhill Road, Wading River, NY, 11792

$7,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,600 ft²
126 Overhill Road, Wading River, NY, 11792 Listing by Mariana Nunes

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 33 Cherokee Trail built and last sold?
The property at 33 Cherokee Trail was built in 1972 and last sold on Nov 27, 2022 for $414,060.
How much is this home worth?
The estimated value of the home located at 33 Cherokee Trail is $409,050.
What are some comparable homes to 33 Cherokee Trail?
There are currently no comparable homes to 33 Cherokee Trail.
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