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Syosset 11791 Syosset
40 Locust Lane
$753,000
● House - Off Market

40 Locust Lane

Syosset, NY 11791
bedrooms
4 Beds
bathrooms
2 Baths
$935,160
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model

About This Property

Welcome To This Beautiful Expanded Cape Nestled In A Cul-De-Sac In The South Groves Section Of Syosset! Renovated In 2015 Both Inside & Out, It Features 4 Large Bedrooms, 2 Baths, Tiled Basement With Open Space & Ample Storage. Owners Generously Invested In New Roof, New Driveway/Paver, Ductless AC System, Wood Flooring, & More. Minutes To LIRR, Restaurants, Shopping, Schools, & Highways. Best Of All, It Is Zoned To The Sought-After Blue Ribbon Syosset SD With **LOW TAXES**. With STAR Exemption, 2021 Taxes are $12,765.71
Unit Size
-
Days on Market
123 days
Land Size
0.15 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,182
HOA Dues
-
Year Built
1960

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #ONE3276008)

Price History

Date / Event Date Event Price
Apr 19, 2021 Sold
Premium
Sold
Feb 4, 2021 In contract -
In contract
Feb 4, 2021 Relisted $769,000
Relisted
Jan 31, 2021 In contract -
In contract
Dec 30, 2020 Relisted $769,000
Relisted
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 8
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 210
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 4

    Dimensions

  • Lot Size Square Feet: 6,700
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 410
  • Total Building Area: 1,344
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP OF LOCUST LANE HOMES
  • Land Acres: 0000000154
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #3 SCH DIST 014

Neighborhood

  • School District Name: Syosset Central School District
  • School Tax School District: 014
  • Census Tract: 518700

Geography

  • District: 282489
  • Section: 15
  • Parcel: 15-122-00-0029
  • Block: 122
  • Lot: 29
  • Municipality: OYSTER BAY UNINCORPORATED
  • Latitude: 40.8092
  • Longitude: -73.508

    Address

  • Full Address: 40 Locust Ln
  • Address - House Number: 40
  • Address - Street Name: Locust
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Syosset
  • Carrier Code: C008
  • 4-Digit Zip Code: 4832
  • Zip Code: 11791

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,642,144
  • Tax Rate Code Area: 588

    Appraisal Valuation

  • Standard Deviation: 0.1808
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 76
  • Final Value: 910,925
  • High Value: 1,075,669
  • Low Value: 746,182

    Market Valuation

  • Market Total Value: $594,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $594
  • Assessed Land Value: $330
  • Assessed Improvements Value: $264

    Sales

  • Current Sale Contract Date: Apr 19, 2021
  • Current Sale Recording Date: May 11, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2021-062634
  • Previous Sale Recording Date: Nov 30, 2015
  • Previous Sale Contract Date: Nov 19, 2015
  • Previous Sale Amount: $511,000
  • 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 Syosset

Stats & Trends

Median Asking:

$1,250,000

Sale Price/ft²

$604

Below Asking

0.01%

Average Days on Market

91

Average Home Size

2942 ft²

Average Home Age

47.8 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 14 Hicks Avenue, Syosset, NY, 11791

$5,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,071 ft²
14 Hicks Avenue, Syosset, NY, 11791 Listing by Batul N. Morbi GRI
Unit for rent at 7 High Street, Hicksville, NY, 11801

$4,395 /mo

  • 5 Beds
  • 2 Baths
  • 1,137 ft²
7 High Street, Hicksville, NY, 11801 Listing by John Varghese
Unit for rent at 6 Dawes Avenue, Syosset, NY, 11791

$4,700 /mo

  • 4 Beds
  • 2 Baths
  • 1,453 ft²
6 Dawes Avenue, Syosset, NY, 11791 Listing by Myung Hee Yoon CBR

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 40 Locust Lane built and last sold?
The property at 40 Locust Lane was built in 1960 and last sold on Apr 19, 2021 for $753,000.
How much is this home worth?
The estimated value of the home located at 40 Locust Lane is $0.
What are some comparable homes to 40 Locust Lane?
There are currently no comparable homes to 40 Locust Lane.
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