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West Islip 11795 West Islip
331 Hyman Avenue
$500,000
● House - Off Market

331 Hyman Avenue

Islip, NY 11795
bedrooms
3 Beds
bathrooms
2 Baths
$510,519
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

This beautiful Cape welcomes you! With great natural light coming through every window, this cozy cape is a sight to see.  3 bedrooms and 2 bathrooms.  Full/partial finished basement. NEW ROOF!!! If you need extra parking space whether for more cars or a boat, you will find plenty of that here! Backyard has a drain for all your washing needs, along with lounge/fireplace area.  If you enjoy early morning walks, there's a beautiful pond upon entering the neighborhood, and gardeners park is just around the corner! Don't miss out!!!
Unit Size
-
Days on Market
-
Land Size
0.09 acres
Price per sqft
-
Property Type
House
Property Taxes
$708
HOA Dues
-
Year Built
1943

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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 #KEYL3382823)

Price History

Date / Event Date Event Price
Oct 21, 2022 Sold
Premium
Sold
Jul 1, 2022 Sold
Premium
Sold
Mar 14, 2022 Listed by Exit Realty All Pro $499,000
Listed by Exit Realty All Pro
Mar 10, 2022 No longer available -
No longer available
Mar 3, 2022 Listed by Exit Realty All Pro $515,000
Listed by Exit Realty All Pro
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1943
  • Effective Year Built: 1943
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 360
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,920
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,522
  • Building Area: 1,018
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,018
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP PINELAKE
  • Land Acres: 0000000090
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: X2198528Y175260 T055H00000000

Neighborhood

  • School District Name: West Islip Union Free School District
  • School Tax School District: WEST ISLIP
  • Census Tract: 147001

Zoning

  • Zoning: B

Geography

  • District: 0500-4
  • Section: 50.45
  • Parcel: 0500-457.00-02.00-057.000
  • Block: 7000
  • Lot: 200.057
  • Municipality: ISLIP
  • Latitude: 40.7045
  • Longitude: -73.2835

    Address

  • Full Address: 331 Hyman Ave
  • Address - House Number: 331
  • Address - Street Name: Hyman
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: West Islip
  • Carrier Code: C017
  • 4-Digit Zip Code: 4104
  • Zip Code: 11795

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $846,610
  • Tax Rate Code Area: 472809

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 506,162
  • High Value: 579,185
  • Low Value: 433,139

    Market Valuation

  • Market Total Value: $398,352
  • Market Land Value: $81,044
  • Market Improvement Value: $317,308

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $29,000
  • Assessed Land Value: $5,900
  • Assessed Improvements Value: $23,100

    Sales

  • Current Sale Contract Date: Jul 01, 2022
  • Current Sale Recording Date: Oct 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Oct 08, 2019
  • Previous Sale Contract Date: Sep 10, 2019
  • Previous Sale Amount: $340,000
  • 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 West Islip

Stats & Trends

Median Asking:

$749,999

Sale Price/ft²

$431

Below Asking

0.01%

Average Days on Market

83

Average Home Size

2251 ft²

Average Home Age

62.8 years

Currently For Sale

38 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 55 Fifth Avenue, Bay Shore, NY, 11706

$2,395 /mo

  • 1 Bed
  • 1 Bath
  • 675 ft²
55 Fifth Avenue #4, Bay Shore, NY, 11706 Listing by Michelle Holmes
Unit for rent at 214 Oak Neck, Islip, NY, 11795

$5,400 /mo

  • 4 Beds
  • 3 Baths
  • 5,663 ft²
214 Oak Neck, Islip, NY, 11795 Listing by Kareen J. Mendoza Faras
Unit for rent at 30 Orinoco Drive, Bay Shore, NY, 11706

$2,000 /mo

  • 1 Bed
  • 1 Bath
  • 400 ft²
30 Orinoco Drive #1, Bay Shore, NY, 11706 Listing by Maria Flyntz

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 331 Hyman Avenue built and last sold?
The property at 331 Hyman Avenue was built in 1943 and last sold on Jul 1, 2022 for $500,000.
How much is this home worth?
The estimated value of the home located at 331 Hyman Avenue is $503,990.
What are some comparable homes to 331 Hyman Avenue?
There are currently no comparable homes to 331 Hyman Avenue.
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