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Port Washington 11050 Port Washington
40 Summit Road
$1,500,000
● House - Off Market

40 Summit Road

North Hempstead, NY 11050
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$2,876,923
RealtyHop Estimate
88.65%
Since May 1, 2014
National-US
Primary Model

About This Property

Stately Beacon Hill Colonial, 3 Brs, 2.5 Baths. Formal Lr/Dr, Office/Library, Den, Large Eat-In-Kitchen, Cac, Hardwood Floors Throughout, Close To Town, Train And Shopping.
Unit Size
-
Days on Market
-
Land Size
0.24 acres
Price per sqft
-
Property Type
House
Property Taxes
$2,033
HOA Dues
-
Year Built
1946

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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 #KEYL2640870)

Price History

Date / Event Date Event Price
Apr 15, 2014 Sold
Premium
Sold
Jan 16, 2014 Listed by Douglas Elliman Real Estate $1,525,000
Listed by Douglas Elliman Real Estate

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1946
  • Total Rooms: 9
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 367
  • Garage Type: 4
  • Garage Square Area: 260
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,626
  • Lot Size Depth Feet: 1,600
  • Lot Size Frontage Feet: 690
  • Total Building Area: 2,642
  • Building Area: 2,642
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,642
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000244
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #2 SCH DIST 004

Neighborhood

  • School District Name: Port Washington Union Free School District
  • School Tax School District: 004
  • Census Tract: 301000

Geography

  • District: 282289
  • Section: 6
  • Parcel: 06-030-00-0016
  • Block: 30
  • Lot: 16
  • Municipality: NORTH HEMPSTEAD UNINCORPORATED
  • Latitude: 40.8347
  • Longitude: -73.6789

    Address

  • Full Address: 40 Summit Rd
  • Address - House Number: 40
  • Address - Street Name: Summit
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Port Washington
  • Carrier Code: C020
  • 4-Digit Zip Code: 3316
  • Zip Code: 11050

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,431,955
  • Tax Rate Code Area: 809

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 1,492,100
  • High Value: 1,732,883
  • Low Value: 1,251,318

    Market Valuation

  • Market Total Value: $1,193,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,193
  • Assessed Land Value: $519
  • Assessed Improvements Value: $674
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 Port Washington

Stats & Trends

Median Asking:

$1,289,500

Sale Price/ft²

$666

Below Asking

0.01%

Average Days on Market

86

Average Home Size

2953 ft²

Average Home Age

59.3 years

Currently For Sale

57 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 22 Irma Avenue, Port Washington, NY, 11050

$4,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,080 ft²
22 Irma Avenue, Port Washington, NY, 11050 Listing by Lynn A. Hehn
Unit for rent at 5 Ashwood Road, Port Washington, NY, 11050

$4,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,092 ft²
5 Ashwood Road, Port Washington, NY, 11050 Listing by Craig Meisel

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 Summit Road built and last sold?
The property at 40 Summit Road was built in 1946 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 40 Summit Road is $1,540,250.
What are some comparable homes to 40 Summit Road?
There are currently no comparable homes to 40 Summit Road.
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