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Freeport 11520 Freeport
40 Norton Street
Photo of 40 Norton Street
Sold on Apr 19, 2023

25

Map

Photo of 40 Norton Street
Photo of 40 Norton Street
$590,000
● House - Off Market

40 Norton Street

Hempstead, NY 11520
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,555 Ft²
$585,018
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

PRISTINE 3 bedroom, 2 bath split level home in South Freeport!   Pride in ownership is obvious throughout this property!!  Mid-block location, close to all!  Updated kitchen and baths. Gas cooking, Stainless steel appliances, high quality kitchen cabinets, ductless air conditioning, professionally landscaped, fully fenced large private yard, double driveway. Large deck off the family room/den extends the space for additional entertaining. Move right in!  Don't miss this opportunity!!  Flood insurance is $1,369 and is transferable., Additional information: Appearance:excellent+,Interior Features:Lr/Dr
Unit Size
1,555 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$370
Property Type
House
Property Taxes
$1,001
HOA Dues
-
Year Built
1954

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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 #KEYL3461850)

Price History

Date / Event Date Event Price
May 19, 2023 Sold
Premium
Sold
Apr 19, 2023 Sold
Premium
Sold
Mar 10, 2023 In contract -
In contract
Mar 2, 2023 Listed by Douglas Elliman Real Estate $575,000
Listed by Douglas Elliman Real Estate

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 114
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,555
  • Building Area: 1,555
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,555
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 009

Neighborhood

  • School District Name: Freeport Union Free School District
  • School Tax School District: 009
  • School Tax District Code 2: FPT
  • Census Tract: 414502

Geography

  • District: 282009
  • Section: 62
  • Parcel: 62-096-00-0219
  • Block: 96
  • Lot: 219-221
  • Municipality: FREEPORT
  • Latitude: 40.6362
  • Longitude: -73.5796

    Address

  • Full Address: 40 Norton St
  • Address - House Number: 40
  • Address - Street Name: Norton
  • Address - Suffix Type: St
  • State: NY
  • City Name: Freeport
  • Carrier Code: C018
  • 4-Digit Zip Code: 6209
  • Zip Code: 11520

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $685,567
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.184
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 75
  • Final Value: 576,073
  • High Value: 682,122
  • Low Value: 470,024

    Market Valuation

  • Market Total Value: $399,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $399
  • Assessed Land Value: $160
  • Assessed Improvements Value: $239

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 18, 2023
  • Current Sale Recording Date: May 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2023-00029863
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 Freeport

Stats & Trends

Median Asking:

$649,000

Sale Price/ft²

$420

Below Asking

0.02%

Average Days on Market

92

Average Home Size

2616 ft²

Average Home Age

68.6 years

Currently For Sale

83 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 50 Florence Avenue, Freeport, NY, 11520

$3,800 /mo

  • 2 Beds
  • 1 Bath
  • 2,451 ft²
50 Florence Avenue, Freeport, NY, 11520 Listing by Lisa J. DeTurris
Unit for rent at 42 Saint Marks Avenue, Freeport, NY, 11520

$4,000 /mo

  • 3 Beds
  • 1 Bath
  • 1,522 ft²
42 Saint Marks Avenue, Freeport, NY, 11520 Listing by Lori Estrin CBR SRS RENE ABR SFR
Unit for rent at 9 N Ann Drive, Freeport, NY, 11520

$4,300 /mo

  • 5 Beds
  • 3 Baths
  • 1,400 ft²
9 N Ann Drive, Freeport, NY, 11520 Listing by Scheffee Wilson

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 40 Norton Street built and last sold?
The property at 40 Norton Street was built in 1954 and last sold on Apr 18, 2023 for $590,000.
How much is this home worth?
The estimated value of the home located at 40 Norton Street is $588,907.
What are some comparable homes to 40 Norton Street?
There are currently no comparable homes to 40 Norton Street.
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