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Jericho 11753 Jericho
37 Merry Lane
$1,065,000
● House - Off Market

37 Merry Lane

Oyster Bay, NY 11753
bedrooms
3 Beds
bathrooms
3 Baths
$1,217,400
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

In the heart of East Birchwood, this split-level home sits on a corner lot with lush landscaping and a large interlocking paver brick patio. Natural light streams into the family room with greenhouse-designed windows and an entertaining bar with small refrigerator and sink. The kitchen has wood cabinetry, a glass feature cabinet, granite countertops, and stainless-steel appliances. The flooring consists of tile and white-washed hardwood. This house has three bedrooms, three full bathrooms and a partially finished basement. This property is just a few blocks from the Jericho Public Library, Jericho Park, Schools, Whole Foods, and other shopping areas., Additional information: Interior Features:Lr/Dr
Unit Size
-
Days on Market
131 days
Land Size
0.24 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,490
HOA Dues
-
Year Built
1957

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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 #KEYL3426893)

Price History

Date / Event Date Event Price
Dec 3, 2022 In contract -
In contract
Sep 9, 2022 Listed by Keller Williams Points North $1,150,000
Listed by Keller Williams Points North
In the heart of East Birchwood, this split-level home sits on a corner lot with lush landscaping and a large interlocking paver brick patio. Natural light streams into the family room with greenhouse-designed windows and an entertaining bar with small refrigerator and sink. The kitchen has wood cabinetry, a glass feature cabinet, granite countertops, and stainless-steel appliances. The flooring consists of tile and white-washed hardwood. This house has three bedrooms, three full bathrooms and a partially finished basement. This property is just a few blocks from the Jericho Public Library, Jericho Park, Schools, Whole Foods, and other shopping areas.
Aug 30, 2022 Listed by Keller Williams Points North $1,150,000
Listed by Keller Williams Points North
Sep 22, 1995 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: 3
  • Building Quality: 9
  • Construction Type: 15
  • Building Style: 41
  • Exterior Walls Type: 2
  • 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: 474
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,530
  • Lot Size Depth Feet: 1,140
  • Lot Size Frontage Feet: 870
  • Total Building Area: 1,990
  • Building Area: 1,990
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,990
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000242
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #3 SCH DIST 015

Neighborhood

  • School District Name: Jericho Union Free School District
  • School Tax School District: 015
  • Census Tract: 518600

Geography

  • District: 282489
  • Section: 12
  • Parcel: 12-543-00-0015
  • Block: 543
  • Lot: 15
  • Municipality: OYSTER BAY UNINCORPORATED
  • Latitude: 40.7921
  • Longitude: -73.5331

    Address

  • Full Address: 37 Merry Ln
  • Address - House Number: 37
  • Address - Street Name: Merry
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Jericho
  • Carrier Code: C016
  • 4-Digit Zip Code: 1724
  • Zip Code: 11753

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,787,786
  • Tax Rate Code Area: 542

    Appraisal Valuation

  • Standard Deviation: 0.1818
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 76
  • Final Value: 1,130,032
  • High Value: 1,335,500
  • Low Value: 924,564

    Market Valuation

  • Market Total Value: $864,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $864
  • Assessed Land Value: $442
  • Assessed Improvements Value: $422

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 18, 2023
  • Current Sale Recording Date: Jan 24, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2023-5364
  • Previous Sale Recording Date: Sep 22, 1995
  • Previous Sale Contract Date: Sep 14, 1995
  • Previous Sale Amount: $365,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ

    Previous Mortgages

  • Previous Mortgage Lender:
    Premium
  • Previous Mortgage Transaction Date:
    Premium
  • Previous Mortgage Loan Amount:
    Premium
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 Jericho

Stats & Trends

Median Asking:

$1,250,000

Sale Price/ft²

$597

Below Asking

0.02%

Average Days on Market

88

Average Home Size

2814 ft²

Average Home Age

51.5 years

Currently For Sale

42 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 28 Fern Drive, Jericho, NY, 11753

$9,900 /mo

  • 5 Beds
  • 4 Baths
  • 4,000 ft²
28 Fern Drive, Jericho, NY, 11753 Listing by Lina Shi RENE
Unit for rent at 29 Birchwood Park Drive, Syosset, NY, 11791

$5,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,634 ft²
29 Birchwood Park Drive, Syosset, NY, 11791 Listing by Yaosi Yan
Unit for rent at 38 Birchwood Park Drive, Syosset, NY, 11791

$5,600 /mo

  • 3 Beds
  • 2 Baths
  • 1,615 ft²
38 Birchwood Park Drive, Syosset, NY, 11791 Listing by Lucas Paley

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 37 Merry Lane built and last sold?
The property at 37 Merry Lane was built in 1957 and last sold on Jan 18, 2023 for $1,065,000.
How much is this home worth?
The estimated value of the home located at 37 Merry Lane is $1,161,500.
What are some comparable homes to 37 Merry Lane?
There are currently no comparable homes to 37 Merry Lane.
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