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Malverne 11565 Malverne
41 Cedar Road
Photo of 41 Cedar Road
Sold on Oct 11, 2022

18

Map

Photo of 41 Cedar Road
Photo of 41 Cedar Road
$725,000
● House - Off Market

41 Cedar Road

Hempstead, NY 11565
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,743 Ft²
$679,100
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

This Charming Home Boasts 4 Large Bedrooms, 2 Full Bathrooms, Eat In Kitchen, Formal Dining Room, Living Room w/Gas Fireplace, Sun Room, Sitting Room and a Finished Basement. Large Attic Space with Stair Access Above Attached Garage. Access to Beautiful Deck From Dining Room. Magnificent Backyard. This home is Walking Distance to Malverne Village. Close to Shops, LIRR, Public Transportation and Parkways., Additional information: Interior Features:Lr/Dr,Separate Hotwater Heater:Yes
Unit Size
1,743 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$372
Property Type
House
Property Taxes
$1,254
HOA Dues
-
Year Built
1951

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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 #KEYL3386702)

Price History

Date / Event Date Event Price
Nov 29, 2022 Sold
Premium
Sold
Oct 11, 2022 Sold
Premium
Sold
Apr 29, 2022 In contract -
In contract
Apr 29, 2022 Relisted $649,000
Relisted
Apr 20, 2022 In contract -
In contract
Show More

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 312
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,743
  • Building Area: 1,743
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,743
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 012

Neighborhood

  • School District Name: Malverne Union Free School District
  • School Tax School District: 012
  • School Tax District Code 2: MAL
  • Census Tract: 410200

Geography

  • District: 282027
  • Section: 38
  • Parcel: 38-011-00-0015
  • Block: 11
  • Lot: 15
  • Municipality: MALVERNE
  • Latitude: 40.6706
  • Longitude: -73.6698

    Address

  • Full Address: 41 Cedar Rd
  • Address - House Number: 41
  • Address - Street Name: Cedar
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Malverne
  • Carrier Code: C009
  • 4-Digit Zip Code: 2228
  • Zip Code: 11565

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $499,337
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 286

    Appraisal Valuation

  • Standard Deviation: 0.1835
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 76
  • Final Value: 778,305
  • High Value: 921,138
  • Low Value: 635,472

    Market Valuation

  • Market Total Value: $552,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $552
  • Assessed Land Value: $243
  • Assessed Improvements Value: $309

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 11, 2022
  • Current Sale Recording Date: Nov 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2022-113275
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 Malverne

Stats & Trends

Median Asking:

$789,000

Sale Price/ft²

$497

Above Asking

0.00%

Average Days on Market

91

Average Home Size

1781 ft²

Average Home Age

82.7 years

Currently For Sale

18 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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$4,500 /mo

  • 3 Beds
  • 1 Bath
57 Earle Ave #1STFLOOR, Lynbrook, NY, 11563 Listing by Karen A. Elefante
Unit for rent at 161 Union Avenue, Lynbrook, NY, 11563

$4,500 /mo

  • 2 Beds
  • 2 Baths
  • 900 ft²
161 Union Avenue #5, Lynbrook, NY, 11563 Listing by Sergey Borohov
Unit for rent at 134 Scranton Avenue, Lynbrook, NY, 11563

$4,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,470 ft²
134 Scranton Avenue, Lynbrook, NY, 11563 Listing by Maria A. Mejia

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 41 Cedar Road built and last sold?
The property at 41 Cedar Road was built in 1951 and last sold on Oct 11, 2022 for $725,000.
How much is this home worth?
The estimated value of the home located at 41 Cedar Road is $0.
What are some comparable homes to 41 Cedar Road?
There are currently no comparable homes to 41 Cedar Road.
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