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Ridge 11961 Ridge
38 Cheemaun Trail
$249,000
● House - Off Market

38 Cheemaun Trail

Brookhaven, NY 11961
bedrooms
2 Beds
bathrooms
1 Bath
$364,478
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model

About This Property

Beautiful home in Lake Panamoka area that backs to nature preserve. 2 Large bedrooms,with first floor laundry, Duel oil tanks and sprinklers for the lawn. Fireplace heats house through baseboards when hot with a backup battery system.   Full basement with outside entrance and high ceiling.  . Possible tax savings of $1000-1500 with grievance!!!! Access to lake with paid membership., Additional information: Appearance:excellent
Unit Size
-
Days on Market
-
Land Size
0.18 acres
Price per sqft
-
Property Type
House
Property Taxes
$761
HOA Dues
-
Year Built
1978

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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: 5 months ago (OneKey MLS #KEYL3155906)

Price History

Date / Event Date Event Price
Jan 15, 2021 Sold
Premium
Sold
Jul 12, 2020 No longer available -
No longer available
Jul 3, 2020 Listed by Little Bay Realty Inc $299,000
Listed by Little Bay Realty Inc
Nov 14, 2019 Sold
Premium
Sold
Sep 13, 2019 In contract -
In contract
Show More

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 1,008
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE PANAMOKA
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: LAKE PANAMOKA 1984 SEC 8 978

Neighborhood

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

Geography

  • Assessors Map Reference: MAP 2001984
  • Account Number: 00002017240
  • District: 0200-1
  • Section: 151.00
  • Parcel: 0200-151.00-01.00-011.000
  • Block: 1
  • Lot: 11.000
  • Municipality: BROOKHAVEN
  • Latitude: 40.9304
  • Longitude: -72.8536

    Address

  • Full Address: 38 Cheemaun Trl
  • Address - House Number: 38
  • Address - Street Name: Cheemaun
  • Address - Suffix Type: Trl
  • State: NY
  • City Name: Ridge
  • Carrier Code: R001
  • 4-Digit Zip Code: 1802
  • Zip Code: 11961

Valuation

    Tax

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

    Appraisal Valuation

  • Standard Deviation: 0.2749
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 60
  • Final Value: 499,570
  • High Value: 636,914
  • Low Value: 362,227

    Market Valuation

  • Market Total Value: $3,852
  • Market Land Value: $278
  • Market Improvement Value: $3,574

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,080
  • Assessed Land Value: $150
  • Assessed Improvements Value: $1,930

    Sales

  • Current Sale Contract Date: Dec 16, 2020
  • Current Sale Recording Date: Jan 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 39
  • Previous Sale Recording Date: Nov 25, 2019
  • Previous Sale Contract Date: Nov 14, 2019
  • Previous Sale Amount: $249,000
  • 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:

$497,000

Sale Price/ft²

$366

Below Asking

0.01%

Average Days on Market

81

Average Home Size

1496 ft²

Average Home Age

46 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 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: 5 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 38 Cheemaun Trail built and last sold?
The property at 38 Cheemaun Trail was built in 1978 and last sold on Dec 16, 2020 for $270,000.
How much is this home worth?
The estimated value of the home located at 38 Cheemaun Trail is $307,646.
What are some comparable homes to 38 Cheemaun Trail?
There are currently no comparable homes to 38 Cheemaun Trail.
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