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Orient 11957
40755 Main Road
Photo of 40755 Main Road
Sold on Sep 6, 2022

20

Map

Photo of 40755 Main Road
Photo of 40755 Main Road
$1,800,000
● House - Off Market

40755 Main Road

Southold, NY 11957
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,400 Ft²
$1,548,618
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Stylish and chic updated 19th C farmhouse set on 1.6 acres in Orient Point. New 18' x 52' gunite heated pool with spa. 1700 sq ft historic post and beam barn. 4 bedrooms, 2.5 baths, large eat-in kitchen/dining room, living room, family room with wood burning fireplace, laundry/mudroom, pool side outdoor kitchen with stainless steel sink, outdoor dining pergola, outdoor shower, potting shed, solar electric. Property is deep and private with room to expand - add accessory structures or tennis court. A must see, perfect for entertaining, live/work, serious gardening and so much more. Some of the property in AE flood zone. Showings start Saturday, June 25 only between the hours of 10am-noon. Showings on Sunday, June 26 only after 4pm. Mon-Thurs, June 27-30 open., Additional information: Appearance:excellent,Separate Hotwater Heater:n
Unit Size
2,400 Ft²
Days on Market
74 days
Land Size
1.63 acres
Price per sqft
$620
Property Type
House
Property Taxes
$573
HOA Dues
-
Year Built
-

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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 #KEYL3408920)

Price History

Date / Event Date Event Price
Oct 27, 2022 Sold
Premium
Sold
Sep 6, 2022 Sold
Premium
Sold
Jul 25, 2022 In contract -
In contract
Jun 17, 2022 Listed by Daniel Gale Sothebys Intl Rlty $1,489,000
Listed by Daniel Gale Sothebys Intl Rlty
Jan 4, 2012 Sold
Premium
Sold
Show More

Property Highlights

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: 71,003
  • 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
  • Land Acres: 0000001630
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: BOOK 12145 PAGE 761 BILL 002258

Neighborhood

  • School District Name: Oysterponds Union Free School District
  • School Tax School District: OYSTERPONDS
  • Census Tract: 170206

Zoning

  • Zoning: R-40

Geography

  • Account Number: 01
  • District: 1000-0
  • Section: 15.00
  • Parcel: 1000-015.00-09.00-007.000
  • Block: 9
  • Lot: 7.000
  • Municipality: SOUTHOLD
  • Latitude: 41.1555
  • Longitude: -72.2447

    Address

  • Full Address: 40755 Main Rd
  • Address - House Number: 40755
  • Address - Street Name: Main
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Orient
  • Carrier Code: R001
  • 4-Digit Zip Code: 1168
  • Zip Code: 11957

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $700,734
  • Tax Rate Code Area: 473802

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 1,435,984
  • High Value: 1,643,150
  • Low Value: 1,228,818

    Market Valuation

  • Market Total Value: $14,737
  • Market Land Value: $3,158
  • Market Improvement Value: $11,579

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $8,400
  • Assessed Land Value: $1,800
  • Assessed Improvements Value: $6,600

    Sales

  • Current Sale Contract Date: Sep 02, 2022
  • Current Sale Recording Date: Oct 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jan 04, 2012
  • Previous Sale Contract Date: Dec 15, 2011
  • Previous Sale Amount: $650,000
  • Previous Sale Document Type: 12

    Financing

  • First Mortgage Financing Type: ADJ
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 Orient

Stats & Trends

Median Asking:

$1,537,500

Sale Price/ft²

$793

Below Asking

0.03%

Average Days on Market

122

Average Home Size

2964 ft²

Average Home Age

56.8 years

Currently For Sale

16 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

Rentals Near You

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OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 40755 Main Road built and last sold?
The property at 40755 Main Road was built in and last sold on Sep 2, 2022 for $1,800,000.
How much is this home worth?
The estimated value of the home located at 40755 Main Road is $1,503,890.
What are some comparable homes to 40755 Main Road?
There are currently no comparable homes to 40755 Main Road.
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