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Freeport 11520 Freeport
38 W 4th Street
Photo of 38 W 4th Street
Sold on May 14, 2025

27

Map

Photo of 38 W 4th Street
Photo of 38 W 4th Street
$742,500
● House - Off Market

38 W 4th Street

Hempstead, NY 11520
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,806 Ft²
$4,856
Est. Monthly
5.48%
Cap Rate

About This Property

Welcome To 38 W 4th Street. A Magnificent Waterfront 4 Bedroom, 2 Full bath, Expanded Cape With 80 Feet Of Brand New Vinyl Bulkhead And Boat Lift On Deep Wide Canal. This House Is In Diamond Condition Inside And Out. House Features Entry Foyer, Large Living Room, Formal Dining Room, Gorgeous Eat-In Kitchen, 4 Large Bedrooms, And 2 Updated Bathrooms. Many Updates Including New Gas Boiler And Gas Hot Water Heater, 6 Zones Of Radiant Heat, New Central Air Conditioning, Whole House Sound System, Tile Floors Throughout, New Anderson Windows, New Roof, 4 Car Paved Driveway, And Walkways.Enjoy Bi-Level Patios In Resort Like Backyard, Overlooking The Water. Do Not Miss This Opportunity To Purchase Your Own Paradise, Additional information: Appearance:Diamond,Interior Features:Lr/Dr,Separate Hotwater Heater:Yes
Unit Size
1,806 Ft²
Days on Market
204 days
Land Size
0.18 acres
Price per sqft
$415
Property Type
House
Property Taxes
$1,173
HOA Dues
-
Year Built
1950

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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: 2 years ago (OneKey MLS #KEYL3586558)

Price History

Date / Event Date Event Price
May 14, 2025 Sold
Premium
Sold
Jan 11, 2025 In contract -
In contract
Oct 22, 2024 No longer available -
No longer available
Oct 22, 2024 Listed by Douglas Elliman Real Estate $749,900
Listed by Douglas Elliman Real Estate
Aug 20, 2024 Price Decreased $750,000
↓ $19K (2.5%)
Price Decreased
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 150
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 220
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0
  • Location Influence Type: 14

    Dimensions

  • Lot Size Square Feet: 8,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,806
  • Gross Building Area: 1,806
  • Building Area: 1,806
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,806
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • Standard Land Use Code: 1101
  • County Land Use Code: 2200
  • Legal Description 1: TOWN #1 SCH DIST 009

Neighborhood

  • School District Name: Freeport Union Free School District
  • School Tax School District: 009
  • School Tax District Code 2: FPT
  • Census Tract: 414502

Geography

  • District: 282009
  • Section: 62
  • Parcel: 62-064-00-0459
  • Block: 64
  • Lot: 459-462
  • Municipality: FREEPORT
  • Latitude: 40.6394
  • Longitude: -73.5751

    Address

  • Full Address: 38 W 4th St
  • Address - House Number: 38
  • Street Direction: W
  • Address - Street Name: 4th
  • Address - Suffix Type: St
  • State: NY
  • City Name: Freeport
  • Carrier Code: C021
  • 4-Digit Zip Code: 5734
  • Zip Code: 11520

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $849,441
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 78
  • Final Value: 705,839
  • High Value: 825,205
  • Low Value: 586,473

    Market Valuation

  • Market Total Value: $460,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $460
  • Assessed Land Value: $208
  • Assessed Improvements Value: $252

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 27, 2006
  • Current Sale Recording Date: Jan 10, 2007
  • Current Sale Price:
    Premium
  • Current 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 Freeport

Stats & Trends

Median Asking:

$649,000

Sale Price/ft²

$420

Below Asking

0.02%

Average Days on Market

92

Average Home Size

2609 ft²

Average Home Age

67.5 years

Currently For Sale

82 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 201 Stuyvesant Avenue, Merrick, NY, 11566

$5,000 /mo

  • 3 Beds
  • 1 Bath
  • 1,244 ft²
201 Stuyvesant Avenue, Merrick, NY, 11566 Listing by Kevin Coons

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 38 West 4th Street built and last sold?
The property at 38 West 4th Street was built in 1950 and last sold on Dec 27, 2006 for $575,000.
How much is this home worth?
The estimated value of the home located at 38 West 4th Street is $756,433.
What are some comparable homes to 38 West 4th Street?
There are currently no comparable homes to 38 West 4th Street.
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