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Merrick 11566 Merrick
396 Frankel Boulevard
$475,000
● House - Off Market

396 Frankel Boulevard

Merrick, NY 11566
bedrooms
3 Beds
bathrooms
1 Bath
$620,494
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

Please Submit All Offers via email to: [email protected]. Call or Text to schedule all showings. Beautiful Merrick Gables Home, Excellent Value! Lovely , Living Room, Dining Room, 3 Bedroom, 1 Baths. Laundry Room, Half Finished Basement with Private OSE. Well maintained, Nice sized fenced in yard. Detached Garage. Merrick School District, Priced to Sell. Perfect for first time homebuyers
Unit Size
-
Days on Market
-
Land Size
0.14 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,119
HOA Dues
-
Year Built
1928

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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: 3 years ago (OneKey MLS #ONE3270681)

Price History

Date / Event Date Event Price
Apr 13, 2021 Sold
Premium
Sold
Mar 5, 2021 Sold
Premium
Sold
Jan 1, 2021 In contract -
In contract
Nov 20, 2020 Listed by Resource Realty Group $499,000
Listed by Resource Realty Group

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: 3
  • Building Quality: 8
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 18
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 180
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,801
  • Building Area: 1,801
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,801
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 025

Neighborhood

  • School District Name: Merrick Union Free School District
  • School Tax School District: 025
  • Census Tract: 415202

Geography

  • District: 282089
  • Section: 63
  • Parcel: 63-128-00-0049
  • Block: 128
  • Lot: 49-51
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6547
  • Longitude: -73.5402

    Address

  • Full Address: 396 Frankel Blvd
  • Address - House Number: 396
  • Address - Street Name: Frankel
  • Address - Suffix Type: Blvd
  • State: NY
  • City Name: Merrick
  • Carrier Code: C024
  • 4-Digit Zip Code: 5054
  • Zip Code: 11566

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,179,040
  • Tax Rate Code Area: 126

    Appraisal Valuation

  • Standard Deviation: 0.1875
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 75
  • Final Value: 684,738
  • High Value: 813,142
  • Low Value: 556,333

    Market Valuation

  • Market Total Value: $428,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $428
  • Assessed Land Value: $234
  • Assessed Improvements Value: $194

    Sales

  • Current Sale Contract Date: Mar 05, 2021
  • Current Sale Recording Date: Apr 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2021-047635
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 Merrick

Stats & Trends

Median Asking:

$954,000

Sale Price/ft²

$494

Below Asking

0.01%

Average Days on Market

89

Average Home Size

2207 ft²

Average Home Age

65.8 years

Currently For Sale

40 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 22 Ridgewood Drive, Wantagh, NY, 11793

$3,800 /mo

  • 2 Beds
  • 2 Baths
  • 1,307 ft²
22 Ridgewood Drive, Wantagh, NY, 11793 Listing by Nikoletta Markou

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 3 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 396 Frankel Boulevard built and last sold?
The property at 396 Frankel Boulevard was built in 1928 and last sold on Mar 5, 2021 for $475,000.
How much is this home worth?
The estimated value of the home located at 396 Frankel Boulevard is $503,990.
What are some comparable homes to 396 Frankel Boulevard?
There are currently no comparable homes to 396 Frankel Boulevard.
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