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Flanders 11901
40 Elm Avenue
Photo of 40 Elm Avenue

38

Map

Photo of 40 Elm Avenue
Photo of 40 Elm Avenue
$550,000
● House - In Contract

40 Elm Avenue

Southampton, NY 11901
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,325 Ft²
$3,022
Est. Monthly
21.08%
Cap Rate

About This Property

Discover this charming, meticulously maintained 4 bedroom 2 bath ranch nestled on a peaceful cul-de-sac. This home offers a versatile and comfortable layout, highlighted by a spacious, private primary suite conversion featuring a full bath and a convenient coffee bar area. Enjoy year-round comfort with six independent heating zones and efficient climate control. The exterior is equally impressive, featuring an upgraded architectural 50-year roof and a beautifully landscaped, fully fenced yard. Relax on the private patio off the primary suite or enjoy the convenience of in-ground irrigation. With newer major appliances and a 2022 water heater, this home is move-in ready.
Unit Size
1,325 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$415
Property Type
House
Property Taxes
$321
HOA Dues
-
Year Built
1994

Listed By

Peter H. Humphrey CBR
[email protected]
Douglas Elliman Real Estate
Alexis Roth
[email protected]
RE/MAX Integrity Leaders

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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: 11 days ago (OneKey MLS #KEY1037873)

Price History

Date / Event Date Event Price
Sep 17, 2026 In contract -
In contract
Aug 18, 2026 Listed by RE/MAX Integrity Leaders $550,000
Listed by RE/MAX Integrity Leaders
Dec 4, 2006 Sold
Premium
Sold
Jun 20, 2002 Sold
Premium
Sold

Property Highlights

Garage
Fireplace
Parking Details
Has Open Parking
Parking Features: Attached, Driveway, Garage
Interior Details
Full Bathrooms: 2
Interior Features: Eat-in Kitchen, Master Downstairs, Recessed Lighting, First Floor Bedroom, First Floor Full Bath, Primary Bathroom, Washer/Dryer Hookup
Appliances: Dishwasher, Dryer, Oven, Range, Refrigerator
Rooms: 8
Has Fireplace
Fireplace Features: Living Room
Exterior Details
Square Footage: 1325
Square Footage Source: $0
Architectural Style: Ranch
Year Built: 1994
Building Area Total: 1325
Building Area Units: Square Feet
Construction Materials: Frame
Lot Size Area: 10019
Lot Size Units: Square Feet
Lot Size Acres: 0.23
Lot Size Square Feet: 10019
Water Source: Public
Financial Details
Tax Assessed Value: $239,300
Tax Annual Amount: $3,852
Utilities Details
Cooling Type: Wall/Window Unit(s)
Heating Type: Electric
Sewer : Cesspool

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 5
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 1,056
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,056
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BAY VIEW PINES
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: BLK F LOT 87-91

Neighborhood

  • School District Name: Riverhead Central School District
  • School Tax School District: RIVERHEAD
  • Census Tract: 190405

Zoning

  • Zoning: R10

Geography

  • Assessors Map Reference: MAP 1405
  • District: 0900-1
  • Section: 148.00
  • Parcel: 0900-148.00-05.00-014.000
  • Block: 5
  • Lot: 14.000
  • Municipality: SOUTHAMPTON
  • Latitude: 40.9061
  • Longitude: -72.6032

    Address

  • Full Address: 40 Elm Ave
  • Address - House Number: 40
  • Address - Street Name: Elm
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Riverhead
  • Carrier Code: C006
  • 4-Digit Zip Code: 4007
  • Zip Code: 11901

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $352,954
  • Tax Rate Code Area: 473002

    Appraisal Valuation

  • Standard Deviation: 0.2692
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 61
  • Final Value: 572,453
  • High Value: 726,564
  • Low Value: 418,341

    Market Valuation

  • Market Total Value: $344,316
  • Market Land Value: $170,791
  • Market Improvement Value: $173,525

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $239,300
  • Assessed Land Value: $118,700
  • Assessed Improvements Value: $120,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 03, 2006
  • Current Sale Recording Date: Dec 04, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 20, 2002
  • Previous Sale Contract Date: Jun 03, 2002
  • Previous Sale Amount: $150,000
  • 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 Flanders

Stats & Trends

Median Asking:

$564,500

Sale Price/ft²

$459

Below Asking

0.02%

Average Days on Market

90

Average Home Size

1442 ft²

Average Home Age

47.7 years

Currently For Sale

10 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 7 Oak Drive, Jamesport, NY, 11947

$5,200 /mo

  • 2 Beds
  • 2 Baths
  • 2,148 ft²
7 Oak Drive, Jamesport, NY, 11947 Listing by Rene A. Giacobbe
Unit for rent at 45 Willow Street, Aquebogue, NY, 11901

$4,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,136 ft²
45 Willow Street, Aquebogue, NY, 11901 Listing by Gordon Lewis
Unit for rent at 28 Whites Lane, Aquebogue, NY, 11931

$3,500 /mo

  • 2 Beds
  • 1 Bath
  • 700 ft²
28 Whites Lane, Aquebogue, NY, 11931 Listing by James Bissett

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 11 days ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 40 Elm Avenue built and last sold?
The property at 40 Elm Avenue was built in 1994 and last sold on Nov 3, 2006 for $850,000.
How much is this home worth?
The estimated value of the home located at 40 Elm Avenue is $558,767.
What are some comparable homes to 40 Elm Avenue?
There are currently no comparable homes to 40 Elm Avenue.
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