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Remsenburg-Speonk 11960
40 Cedar Lane
$6,195,000
● House - Off Market

40 Cedar Lane

Southampton, NY 11960
bedrooms
5 Beds
bathrooms
5 Baths, 2 Half Baths
square feet
7,000 Ft²
$6,178,097
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

7000 Sq Ft Waterfront Beauty, on 1.85 Private Acres. Like New Construction, Dramatic 2 Story Grand Entrance Foyer. Huge Great Room, Fire Place, Chefs Kitchen, Dining Room, Powder Rm. Beautiful 2nd FL. Family Room w/Fpl. Impressive Primary Suite w/Fpl & Bath, Waterside Terrace. 4 En-Suite Guest Bedrooms, Savant Smart Home System. There is an Additional 2000 Sq.Ft. Finished, High Ceiling, Basement with Professional AMF Bowling Ally, Home Theater & Billiards. 8 Zone HVAC, Laundry Room with Double Washer & Dryer. Beautiful New Gunite Pool & Kiddy Pool with Blue Stone Patios and Wraparound Mahogany Decks, Custom Built in BBQ. Deep Water Boat Dock, 3 Car Garage and Very Large Bonus Room above. Truly Beautiful, A Must See!!!, Additional information: Appearance:New
Unit Size
7,000 Ft²
Days on Market
-
Land Size
1.84 acres
Price per sqft
$885
Property Type
House
Property Taxes
$2,071
HOA Dues
-
Year Built
2018

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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 #KEYL3424006)

Price History

Date / Event Date Event Price
Jul 12, 2023 Sold
Premium
Sold
Jan 10, 2023 In contract -
In contract
Sep 22, 2022 Price Decreased $6,195,000
↓ $304K (4.7%)
Price Decreased
Aug 16, 2022 Listed by Scala Custom Properties LTD $6,499,000
Listed by Scala Custom Properties LTD
Sep 24, 2021 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning
With View
Fireplace

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 10
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 1,196
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 80,150
  • Total Building Area: 12,125
  • Building Area: 12,125
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 12,125
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001840
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: N-DAVIS S-BISHOP & ORS E-FISH CREEK W-R O W

Neighborhood

  • School District Name: Remsenburg-Speonk Union Free School District
  • School Tax School District: REMSENBURG
  • Census Tract: 190503

Zoning

  • Zoning: R60

Geography

  • District: 0900-3
  • Section: 375.00
  • Parcel: 0900-375.00-02.00-008.002
  • Block: 2
  • Lot: 8.002
  • Municipality: SOUTHAMPTON
  • Latitude: 40.8105
  • Longitude: -72.7181

    Address

  • Full Address: 40 Cedar Ln
  • Address - House Number: 40
  • Address - Street Name: Cedar
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Remsenburg
  • Zip Code: 11960

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,103,366
  • Tax Rate Code Area: 473601

    Appraisal Valuation

  • Standard Deviation: 0.2416
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 66
  • Final Value: 3,564,361
  • High Value: 4,425,817
  • Low Value: 2,702,904

    Market Valuation

  • Market Total Value: $3,853,957
  • Market Land Value: $2,279,137
  • Market Improvement Value: $1,574,820

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,678,500
  • Assessed Land Value: $1,584,000
  • Assessed Improvements Value: $1,094,500

    Sales

  • Current Sale Contract Date: Jul 03, 2023
  • Current Sale Recording Date: Jul 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Nov 15, 1999
  • Previous Sale Contract Date: Nov 03, 1999
  • Previous Sale Amount: $2,055,000
  • 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 Remsenburg-Speonk

Stats & Trends

Median Asking:

$1,437,500

Sale Price/ft²

$658

Below Asking

0.03%

Average Days on Market

136

Average Home Size

3543 ft²

Average Home Age

25.7 years

Currently For Sale

30 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 35 Halsey Road, Remsenburg, NY, 11960

$10,000 /mo

  • 3 Beds
  • 2 Baths
  • 2,345 ft²
35 Halsey Road, Remsenburg, NY, 11960 Listing by Ashley J. Farrell
Unit for rent at 17c Basket Neck Lane, Remsenburg, NY, 11960

$8,000 /mo

  • 3 Beds
  • 3 Baths
  • 1,800 ft²
17c Basket Neck Lane, Remsenburg, NY, 11960 Listing by Dolores Behme

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 40 Cedar Lane built and last sold?
The property at 40 Cedar Lane was built in 2018 and last sold on Jul 3, 2023 for $6,195,000.
How much is this home worth?
The estimated value of the home located at 40 Cedar Lane is $6,260,714.
What are some comparable homes to 40 Cedar Lane?
There are currently no comparable homes to 40 Cedar Lane.
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