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Middle Island 11953 Middle Island
4 Lake Drive
Photo of 4 Lake Drive
Sold on Jan 4, 2024

19

Map

Photo of 4 Lake Drive
Photo of 4 Lake Drive
$400,000
● House - Off Market

4 Lake Drive

Brookhaven, NY 11953
bedrooms
2 Beds
bathrooms
1 Bath
$2,745
Est. Monthly
6.06%
Cap Rate

About This Property

Welcome to Artist Lake! This quaint, private cottage is a nature lovers delight. This home features 2 bedrooms, 1 bath, oversized family room with cathedral ceilings and featured beautiful stone fireplace will be the center of all gatherings. Enjoy mornings in the sunroom with views of the lake. Kayaking, watching wild life and canoeing become your daily routine. Outdoor fire place perfect for watching every season change. Make this cottage your own!
Unit Size
-
Days on Market
-
Land Size
0.28 acres
Price per sqft
-
Property Type
House
Property Taxes
$638
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 #KEYL3427103)

Price History

Date / Event Date Event Price
Jan 4, 2024 Sold
Premium
Sold
Jan 20, 2023 In contract -
In contract
Dec 5, 2022 Price Decreased $429,000
↓ $30K (6.5%)
Price Decreased
Nov 9, 2022 Price Decreased $459,000
↓ $40K (8%)
Price Decreased
Aug 31, 2022 Listed by Signature Premier Properties $499,000
Listed by Signature Premier Properties
Show More

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,197
  • Total Building Area: 848
  • Building Area: 848
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 848
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EAST MIDDLE ISLAND
  • Land Acres: 0000000280
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: N LAKE DR. E FRACAPANE S ARTIST LAKE W ENNIS

Neighborhood

  • School District Name: Longwood Central School District
  • School Tax School District: LONGWOOD
  • Census Tract: 158708

Geography

  • Assessors Map Reference: MAP 8200000
  • Account Number: 00008217600
  • District: 0200-4
  • Section: 403.00
  • Parcel: 0200-403.00-10.00-013.000
  • Block: 10
  • Lot: 13.000
  • Municipality: BROOKHAVEN
  • Latitude: 40.8823
  • Longitude: -72.9339

    Address

  • Full Address: 4 Lake Dr
  • Address - House Number: 4
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Middle Island
  • Carrier Code: R008
  • 4-Digit Zip Code: 2363
  • Zip Code: 11953

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 472212

    Appraisal Valuation

  • Standard Deviation: 0.1479
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 82
  • Final Value: 414,696
  • High Value: 476,054
  • Low Value: 353,339

    Market Valuation

  • Market Total Value: $3,148
  • Market Land Value: $370
  • Market Improvement Value: $2,778

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,700
  • Assessed Land Value: $200
  • Assessed Improvements Value: $1,500

    Sales

  • Current Sale Contract Date: May 15, 1998
  • Current Sale Recording Date: May 26, 1998
  • 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 Middle Island

Stats & Trends

Median Asking:

$449,945

Sale Price/ft²

$303

Below Asking

0.01%

Average Days on Market

85

Average Home Size

1503 ft²

Average Home Age

40.5 years

Currently For Sale

57 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

Currently no nearby rentals
OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 4 Lake Drive built and last sold?
The property at 4 Lake Drive was built in 1950 and last sold on May 15, 1998 for $140,000.
How much is this home worth?
The estimated value of the home located at 4 Lake Drive is $433,290.
What are some comparable homes to 4 Lake Drive?
There are currently no comparable homes to 4 Lake Drive.
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