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Sound Beach 11789 Sound Beach
38 Valley Drive
$489,999
● House - Off Market

38 Valley Drive

Brookhaven, NY 11789
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,332 Ft²
$3,175
Est. Monthly
12.12%
Cap Rate

About This Property

Experience the charm of Sound Beach in this timeless converted Cape Cod. Updated with a new roof and siding, it retains its 1956 character, including a sitting room with a cozy wood-burning stove in the original brick-wall fireplace. Enjoy the modern comforts of new ductless heating and air conditioning. Newly designed stairs with a vaulted ceiling lead to 3 bedrooms, including a spacious master bedroom, while full baths on each level add to the convenience. Relax or entertain on the oversized deck, on this level and fully-fenced property. This delightful home is located just a short walk from a private beach, offering easy access to the beautiful Long Island Sound. The Sound Beach Property Owner's Association membership is available for $350 per year. Move right in! A must-see! Won't last!
Unit Size
1,332 Ft²
Days on Market
105 days
Land Size
0.14 acres
Price per sqft
$368
Property Type
House
Property Taxes
$769
HOA Dues
-
Year Built
1956

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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 #KEY804089)

Price History

Date / Event Date Event Price
Mar 28, 2025 Sold
Premium
Sold
Feb 8, 2025 In contract -
In contract
Jan 25, 2025 In contract -
In contract
Dec 9, 2024 Listed by BERKSHIRE HATHAWAY $489,999
Listed by BERKSHIRE HATHAWAY
Dec 1, 2022 Sold
Premium
Sold
Show More

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • 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: 6,098
  • Total Building Area: 1,332
  • Building Area: 1,332
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 1,332
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOUND BEACH
  • Land Acres: 0000000140
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: SOUND BEACH 661 SEC C 3569 TO 3571 INC

Neighborhood

  • School District Name: Rocky Point Union Free School District
  • School Tax School District: ROCKY POINT
  • Census Tract: 158317

Geography

  • Assessors Map Reference: MAP 1800661
  • Account Number: 00001811110
  • District: 0200-0
  • Section: 30.00
  • Parcel: 0200-030.00-01.00-040.000
  • Block: 1
  • Lot: 40.000
  • Municipality: BROOKHAVEN
  • Latitude: 40.9625
  • Longitude: -72.9718

    Address

  • Full Address: 38 Valley Dr
  • Address - House Number: 38
  • Address - Street Name: Valley
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Sound Beach
  • Carrier Code: R001
  • 4-Digit Zip Code: 1537
  • Zip Code: 11789

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 472209

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 342,644
  • High Value: 392,077
  • Low Value: 293,212

    Market Valuation

  • Market Total Value: $3,334
  • Market Land Value: $278
  • Market Improvement Value: $3,056

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,800
  • Assessed Land Value: $150
  • Assessed Improvements Value: $1,650

    Sales

  • Current Sale Contract Date: Sep 20, 2022
  • Current Sale Recording Date: Dec 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: May 24, 2010
  • Previous Sale Contract Date: May 22, 2010
  • Previous Sale Document Type: 12
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 Sound Beach

Stats & Trends

Median Asking:

$549,450

Sale Price/ft²

$366

Below Asking

0.01%

Average Days on Market

87

Average Home Size

1623 ft²

Average Home Age

66.2 years

Currently For Sale

31 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 143 North Rocky Point Landing Road, Rocky Point, NY, 11778

$3,500 /mo

  • 3 Beds
  • 3 Baths
  • 974 ft²
143 North Rocky Point Landing Road, Rocky Point, NY, 11778 Listing by Nicole N. Kurt
Unit for rent at 13 Towne Drive, Coram, NY, 11727

$3,360 /mo

  • 2 Beds
  • 2 Baths
  • 1,350 ft²
13 Towne Drive #1308, Coram, NY, 11727 Listing by Michelle Holmes

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 38 Valley Drive built and last sold?
The property at 38 Valley Drive was built in 1956 and last sold on Sep 20, 2022 for $340,000.
How much is this home worth?
The estimated value of the home located at 38 Valley Drive is $495,203.
What are some comparable homes to 38 Valley Drive?
There are currently no comparable homes to 38 Valley Drive.
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