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Brightwaters 11718 Brightwaters
40 Orchard Drive
$603,000
● House - Off Market

40 Orchard Drive

Islip, NY 11718
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,707 Ft²
$1,167,960
RealtyHop Estimate
82.78%
Since Apr 1, 2015
National-US
Primary Model

About This Property

Brightwaters Lake Estate Section. Custom L-Shaped Ranch. Superb Condition. Fantastic Full Finished 6'6 Basement. 2 Fireplaces, Additional information: Appearance:Diamond,Separate Hotwater Heater:Yes
Unit Size
2,707 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$236
Property Type
House
Property Taxes
$1,633
HOA Dues
-
Year Built
-

Payment Calculator

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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: 4 months ago (OneKey MLS #KEYL2670746)

Price History

Date / Event Date Event Price
Feb 14, 2023 Sold
Premium
Sold
Oct 12, 2022 Sold
Premium
Sold
Apr 15, 2015 Sold
Premium
Sold
May 7, 2014 Listed by Netter Real Estate Inc $639,000
Listed by Netter Real Estate Inc
Dec 14, 2005 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,810
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP OF SECTION B PART 2 OF BRIGHTWATERS
  • Land Acres: 0000000340
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: X2203174Y179033 N H00000000

Neighborhood

  • School District Name: Bay Shore Union Free School District
  • School Tax School District: BAY SHORE
  • Census Tract: 147100

Zoning

  • Zoning: NULL

Geography

  • District: 0501-0
  • Section: 50.100
  • Parcel: 0501-007.00-02.00-010.000
  • Block: 7000
  • Lot: 200.010
  • Municipality: ISLIP
  • Latitude: 40.7146
  • Longitude: -73.2667

    Address

  • Full Address: 40 Orchard Dr
  • Address - House Number: 40
  • Address - Street Name: Orchard
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Brightwaters
  • Carrier Code: C003
  • 4-Digit Zip Code: 1917
  • Zip Code: 11718

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,773,484
  • Tax Rate Code Area: 472801

    Appraisal Valuation

  • Standard Deviation: 0.2393
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 66
  • Final Value: 881,441
  • High Value: 1,092,397
  • Low Value: 670,484

    Market Valuation

  • Market Total Value: $626,728
  • Market Land Value: $132,488
  • Market Improvement Value: $494,240

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $54,400
  • Assessed Land Value: $11,500
  • Assessed Improvements Value: $42,900

    Sales

  • Current Sale Contract Date: Aug 08, 2022
  • Current Sale Recording Date: Feb 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Oct 12, 2022
  • Previous Sale Contract Date: Aug 08, 2022
  • Previous Sale Amount: $915,000
  • 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 Brightwaters

Stats & Trends

Median Asking:

$845,000

Sale Price/ft²

$423

Below Asking

0.02%

Average Days on Market

71

Average Home Size

3015 ft²

Average Home Age

80.8 years

Currently For Sale

8 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 11 Wharf Way, Brooklyn, NY, 11795

$7,500 /mo

  • 2 Beds
  • 2 Baths
11 Wharf Way #702, Brooklyn, NY, 11795 Listing by Mohamed Fathelbab
Unit for rent at 327 Brook Avenue, Bay Shore, NY, 11706

$3,025 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
327 Brook Avenue #3272B, Bay Shore, NY, 11706 Listing by Michelle Holmes
Unit for rent at 92 South Clinton Avenue, Bay Shore, NY, 11706

$2,400 /mo

  • 1 Bed
  • 1 Bath
  • 700 ft²
92 South Clinton Avenue #3F, Bay Shore, NY, 11706 Listing by Michelle Holmes

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 40 Orchard Drive built and last sold?
The property at 40 Orchard Drive was built in and last sold on Aug 8, 2022 for $1,285,000.
How much is this home worth?
The estimated value of the home located at 40 Orchard Drive is $643,093.
What are some comparable homes to 40 Orchard Drive?
There are currently no comparable homes to 40 Orchard Drive.
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