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Wading River 11792
40 Locust Road
Photo of 40 Locust Road
Sold on Apr 14, 2022

8

Map

Photo of 40 Locust Road
Photo of 40 Locust Road
$387,000
● House - Off Market

40 Locust Road

Riverhead, NY 11792
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,376 Ft²
$403,454
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

SELLER HAS ACCEPTED AND OFFER AND SENT OUT CONTRACTS ALREADY AND THE INSPECTION WAS DONE, HOWEVER YOU MAY STILL SHOW OR SEE THE PROPERTY IF YOU WISH. Seller Will Entertain All Offers Between $378,000 - $398,000. Fully Updated 3 Bedroom 1.5 Bath Cape Just Steps Away From Private Beach. New Kitchen W/ Granite Countertops & Stainless-Steel Appliances, New Hardwood Floors Throughout, Updated Bathrooms. Central Heat in Place For Easy Addition of Central AC, Full Walk Out Basement, 1 Car Attached Garage., Additional information: Appearance:Diamond,Interior Features:Lr/Dr
Unit Size
1,376 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$289
Property Type
House
Property Taxes
$498
HOA Dues
-
Year Built
1949

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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: 18 hours ago (OneKey MLS #KEYL3363525)

Price History

Date / Event Date Event Price
May 27, 2022 Sold
Premium
Sold
Apr 14, 2022 Sold
Premium
Sold
Mar 4, 2022 No longer available -
No longer available
Feb 24, 2022 Relisted $378,000
Relisted
Feb 21, 2022 No longer available -
No longer available
Show More

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Total Rooms: 4
  • 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: 2
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,920
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,029
  • Building Area: 1,029
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,029
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP WILDWOOD HILLS AT WILDWOOD
  • Land Acres: 0000000090
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: *1210 LOTS 284&285 WILDWOOD HILLS

Neighborhood

  • School District Name: Riverhead Central School District
  • School Tax School District: RIVERHEAD
  • Census Tract: 169701

Zoning

  • Zoning: 02 - SINGL

Geography

  • Account Number: 30
  • District: 0600-0
  • Section: 27.00
  • Parcel: 0600-027.00-03.00-064.000
  • Block: 3
  • Lot: 64.000
  • Municipality: RIVERHEAD
  • Latitude: 40.9655
  • Longitude: -72.8124

    Address

  • Full Address: 40 Locust Rd
  • Address - House Number: 40
  • Address - Street Name: Locust
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Wading River
  • Carrier Code: R003
  • 4-Digit Zip Code: 1320
  • Zip Code: 11792

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $625,726
  • Tax Rate Code Area: 473002

    Appraisal Valuation

  • Standard Deviation: 0.2519
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 64
  • Final Value: 529,514
  • High Value: 662,916
  • Low Value: 396,112

    Market Valuation

  • Market Total Value: $320,775
  • Market Land Value: $43,057
  • Market Improvement Value: $277,718

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $29,800
  • Assessed Land Value: $4,000
  • Assessed Improvements Value: $25,800

    Sales

  • Current Sale Contract Date: Apr 14, 2022
  • Current Sale Recording Date: May 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Nov 24, 2017
  • Previous Sale Contract Date: Oct 14, 2017
  • Previous Sale Amount: $175,000
  • Previous 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 Wading River

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$369

Below Asking

0.02%

Average Days on Market

93

Average Home Size

2247 ft²

Average Home Age

55 years

Currently For Sale

31 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

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OneKey

Last Updated: 18 hours ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 40 Locust Road built and last sold?
The property at 40 Locust Road was built in 1949 and last sold on Apr 14, 2022 for $387,000.
How much is this home worth?
The estimated value of the home located at 40 Locust Road is $408,627.
What are some comparable homes to 40 Locust Road?
There are currently no comparable homes to 40 Locust Road.
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