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Jericho 11753 Jericho
38 Fortune Lane
$625,000
● House - Off Market

38 Fortune Lane

Oyster Bay, NY 11753
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$1,287,529
RealtyHop Estimate
86.87%
Since Jan 1, 2015
National-US
Primary Model

About This Property

Lovely Updated Split In Move-In-Condition,Entry Foyer Overlooking Family Rm,Lite Wood Kitchen/Granite Counter/Ceramic Flr,Cath Lr,New Bay Window Lr(Energy Efficient),Stained Flrs Throughout,Main Bth W/Granite Counter/Jacuzzi Tub,New Hw Htr,Swing Set Inc,Beautiful Parklike Yard,Near Shops,Highways & Minutes From The Lirr., Additional information: Appearance:Excellent,Separate Hotwater Heater:Y
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,313
HOA Dues
-
Year Built
1958

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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 #KEYL2694540)

Price History

Date / Event Date Event Price
Dec 22, 2014 Sold
Premium
Sold
Jul 30, 2014 Listed by Lynda Baker Realty Corp $689,000
Listed by Lynda Baker Realty Corp
Jul 14, 2011 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 24
  • 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: 352
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,200
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 720
  • Total Building Area: 1,528
  • Building Area: 1,528
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,528
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000165
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #3 SCH DIST 014

Neighborhood

  • School District Name: Syosset Central School District
  • School Tax School District: 014
  • Census Tract: 518600

Geography

  • District: 282489
  • Section: 12
  • Parcel: 12-580-00-0011
  • Block: 580
  • Lot: 11
  • Municipality: OYSTER BAY UNINCORPORATED
  • Latitude: 40.7986
  • Longitude: -73.5215

    Address

  • Full Address: 38 Fortune Ln
  • Address - House Number: 38
  • Address - Street Name: Fortune
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Jericho
  • Carrier Code: C015
  • 4-Digit Zip Code: 2315
  • Zip Code: 11753

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,851,782
  • Tax Rate Code Area: 588

    Appraisal Valuation

  • Standard Deviation: 0.1777
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 77
  • Final Value: 964,051
  • High Value: 1,135,428
  • Low Value: 792,674

    Market Valuation

  • Market Total Value: $683,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $683
  • Assessed Land Value: $367
  • Assessed Improvements Value: $316

    Sales

  • Current Sale Contract Date: Dec 11, 2014
  • Current Sale Recording Date: Dec 22, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2014122200342
  • Previous Sale Recording Date: Jul 14, 2011
  • Previous Sale Contract Date: Jun 29, 2011
  • Previous Sale Amount: $589,000
  • 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 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 68 Jamaica Avenue, Plainview, NY, 11803

$5,350 /mo

  • 3 Beds
  • 2 Baths
  • 1,412 ft²
68 Jamaica Avenue, Plainview, NY, 11803 Listing by Lenix Lin
Unit for rent at 7 Foran Place, Hicksville, NY, 11801

$3,600 /mo

  • 2 Beds
  • 1 Bath
  • 767 ft²
7 Foran Place, Hicksville, NY, 11801 Listing by Adam Frank MRP
Unit for rent at 103 Wayne Street, Jericho, NY, 11753

$4,800 /mo

  • 3 Beds
  • 1 Bath
  • 1,562 ft²
103 Wayne Street, Jericho, NY, 11753 Listing by Mara D. Navaretta

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 38 Fortune Lane built and last sold?
The property at 38 Fortune Lane was built in 1958 and last sold on Dec 11, 2014 for $625,000.
How much is this home worth?
The estimated value of the home located at 38 Fortune Lane is $695,890.
What are some comparable homes to 38 Fortune Lane?
There are currently no comparable homes to 38 Fortune Lane.
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