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Islip 11751 Islip
388 Smith Avenue
$645,000
● House - Off Market

388 Smith Avenue

Islip, NY 11751
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
$1,198,023
RealtyHop Estimate
77.49%
Since Sep 1, 2015
National-US
Primary Model

About This Property

Beautiful 5 Bedrm, 2.5 Bath, Islip "Lakefront" Colonial, So Of Montauk,.58 Acre. Exquisite Kitchen, Hardwd Floors, Master Suite W/Dressing Rm, Fabulous Bathrm & Balcony Overlooking Lake. Spacious Rms & Sunny! Possible 1st Floor Master Suite Or M/D...Many Options! Fenced Yard, Heated Pool & Deck Overlooking Spring Fed "Lake", Vacation In Your Own Backyard. No Flood Ins!!, Additional information: Appearance:Mint+,Separate Hotwater Heater:Gas
Unit Size
-
Days on Market
-
Land Size
0.58 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,770
HOA Dues
-
Year Built
1950

Payment Calculator

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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 #KEYL2738671)

Price History

Date / Event Date Event Price
Aug 3, 2015 Sold
Premium
Sold
Feb 15, 2015 Listed by Douglas Elliman Real Estate $674,999
Listed by Douglas Elliman Real Estate

Property Highlights

Air Conditioning
With View
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • First Altered Year: 1988
  • Building Count: 13
  • Floor Count: 17
  • Total Unit Count: 1,947
  • Residential Unit Count: 1,934
  • Basement Type: 0

    Dimensions

  • Lot Area Sqft: 781,000
  • Lot Size Depth Feet: 978
  • Lot Size Frontage Feet: 689
  • Building Depth: 167
  • Building Frontage: 121
  • Gross Building Area: 1,264,820

    Building Floor Area

  • Residential Building Floor Area: 1,250,820
  • Commercial Building Floor Area: 14,000
  • Retail Building Floor Area: 14,000

    Floor Area Ratio

  • Built Floor Area Ratio: 2
  • Residential Floor Area Ratio: 3
  • Facilities Floor Area Ratio: 7

Building

  • Building Type: D6
  • Lot Type: 1
  • Land Use: 04
  • Irregular Lot Code: Y
  • Proximity Code: 1
  • Extension Code: N

Neighborhood

  • Community District: 103
  • City Council District: 1
  • Police Precinct: 5
  • Fire Company: E009
  • Health Area: 7800
  • Sanitation District Borough: 1
  • Sanitation Subsection: 1A
  • School District: 02

Zoning

  • Split Boundary Zone Indicator: N
  • Zoning: R7-2
  • Zoning Commercial Overlay 1: C1-5

Geography

  • Borough Name: MN
  • Borough Code: 1
  • Block: 111
  • Lot: 100
  • Borough Block Lot: 1001110100

    Address

  • Full Address: 20 Madison Street
  • Zip Code: 10038

Valuation

    Assessments Valuation

  • Assessed Total Value: $72,655,200
  • Assessed Land Value: $29,880,450

    Exemptions

  • Exempt Total Value: $72,655,200
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 Islip

Stats & Trends

Median Asking:

$639,999

Sale Price/ft²

$407

Below Asking

0.01%

Average Days on Market

87

Average Home Size

1481 ft²

Average Home Age

66.7 years

Currently For Sale

36 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 584 Main Street, Islip, NY, 11751

$3,150 /mo

  • 1 Bed
  • 1 Bath
  • 620 ft²
584 Main Street #1, Islip, NY, 11751 Listing by Sean Darbyshire RENE
Unit for rent at 2 Somerset Avenue, East Islip, NY, 11730

$1,900 /mo

  • Studio
  • 1 Bath
  • 198 ft²
2 Somerset Avenue #APT3, East Islip, NY, 11730 Listing by Jamie C. Winkler
Unit for rent at 327 Brook Avenue, Bay Shore, NY, 11706

$3,025 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
327 Brook Avenue #3272B, Bay Shore, NY, 11706 Listing by Michelle Holmes

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 388 Smith Avenue built and last sold?
The property at 388 Smith Avenue was built in 1950 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 388 Smith Avenue is $681,749.
What are some comparable homes to 388 Smith Avenue?
There are currently no comparable homes to 388 Smith Avenue.
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