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Old Bethpage 11804 Old Bethpage
38 Michael Drive
$650,000
● House - Off Market

38 Michael Drive

Oyster Bay, NY 11804
bedrooms
3 Beds
bathrooms
3 Baths
$983,502
RealtyHop Estimate
45.70%
Since Feb 1, 2020
National-US
Primary Model

About This Property

**PRICE BREAK*** Directly across from Bethpage State Park walking/bike path. Totally Renovated Home, Open Kitchen with Quartz Counters, Glass Tile Backsplash, SS Appliances, Custom oven vent, Crown Moulding, Sliders to Yard, Beautiful Light Fixtures, HW Floors. Master Bedroom with Full Bath. Andersen windows, new roof, huge cedar deck, large serene yard. All new electric. CAC. Low taxes. Finished basement., Additional information: Appearance:Diamond
Unit Size
-
Days on Market
-
Land Size
0.16 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,033
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 #KEYL3144521)

Price History

Date / Event Date Event Price
Jul 2, 2020 Sold
Premium
Sold
Jan 15, 2020 Sold
Premium
Sold
Nov 12, 2019 In contract -
In contract
Oct 29, 2019 Price Decreased $675,000
↓ $14K (2%)
Price Decreased
Sep 4, 2019 Price Increased $689,000
↑ $14K (2.1%)
Price Increased
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 19
  • 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: 305
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,412
  • Building Area: 1,412
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,412
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000161
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #3 SCH DIST 019

Neighborhood

  • School District Name: Plainview-Old Bethpage Central School District
  • School Tax School District: 019
  • Census Tract: 520100

Geography

  • District: 282489
  • Section: 47
  • Parcel: 47-077-00-0019
  • Block: 77
  • Lot: 19
  • Municipality: OYSTER BAY UNINCORPORATED
  • Latitude: 40.7688
  • Longitude: -73.4616

    Address

  • Full Address: 38 Michael Dr
  • Address - House Number: 38
  • Address - Street Name: Michael
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Old Bethpage
  • Carrier Code: C003
  • 4-Digit Zip Code: 1524
  • Zip Code: 11804

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,183,215
  • Tax Rate Code Area: 579

    Appraisal Valuation

  • Standard Deviation: 0.1774
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 77
  • Final Value: 700,046
  • High Value: 824,238
  • Low Value: 575,854

    Market Valuation

  • Market Total Value: $508,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $508
  • Assessed Land Value: $311
  • Assessed Improvements Value: $197

    Sales

  • Current Sale Contract Date: Jan 16, 2020
  • Current Sale Recording Date: Jul 02, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2020-056162
  • Previous Sale Recording Date: Apr 05, 2019
  • Previous Sale Contract Date: Apr 02, 2019
  • Previous Sale Amount: $475,000
  • Previous Sale Document Type: 12

    Financing

  • First Mortgage Financing Type: FIX
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 Old Bethpage

Stats & Trends

Median Asking:

$1,250,000

Sale Price/ft²

$580

Below Asking

0.01%

Average Days on Market

75

Average Home Size

2173 ft²

Average Home Age

34.7 years

Currently For Sale

17 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 80 Ellen Street, Bethpage, NY, 11714

$4,999 /mo

  • 4 Beds
  • 2 Baths
  • 1,464 ft²
80 Ellen Street, Bethpage, NY, 11714 Listing by Kamal Khurana
Unit for rent at 6 Manor Drive, Bethpage, NY, 11714

$5,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,574 ft²
6 Manor Drive, Bethpage, NY, 11714 Listing by Ying Xu
Unit for rent at 45 N Autumn Drive, Plainview, NY, 11803

$4,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,379 ft²
45 N Autumn Drive, Plainview, NY, 11803 Listing by Joan Tramuta

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 Michael Drive built and last sold?
The property at 38 Michael Drive was built in 1958 and last sold on Jan 16, 2020 for $650,000.
How much is this home worth?
The estimated value of the home located at 38 Michael Drive is $681,750.
What are some comparable homes to 38 Michael Drive?
There are currently no comparable homes to 38 Michael Drive.
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