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Bay Shore 11706 Bay Shore
41 Lanier Lane
Photo of 41 Lanier Lane
Sold on Jun 12, 2024

23

Map

Photo of 41 Lanier Lane
Photo of 41 Lanier Lane
$685,000
● House - Off Market

41 Lanier Lane

Islip, NY 11706
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,000 Ft²
$4,176
Est. Monthly

About This Property

Charming 3-Bedroom Home in Bay Shore with Modern Amenities!

Welcome to your new home in the heart of Bay Shore! This lovely property boasts 3 spacious bedrooms, 1.5 baths, and a large kitchen with top-of-the-line LG appliances. Enjoy peace of mind with a newer oil tank and AC system, as well as in-ground sprinklers for easy lawn maintenance.

Step outside to discover the brand new shed for all your storage needs, along with a beautiful metal and wood gazebo, perfect for outdoor entertaining. Plus, the custom rattan window treatments and blinds add a touch of elegance to every room.

Conveniently located close to the village and shops, this home offers both comfort and convenience. Don't miss out on the opportunity to make it yours!" Additional Information: HeatingFuel:Oil Above Ground,
Unit Size
2,000 Ft²
Days on Market
55 days
Land Size
-
Price per sqft
$325
Property Type
House
Property Taxes
$983
HOA Dues
-
Year Built
1925

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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 #KEYH6301455)

Price History

Date / Event Date Event Price
Jun 12, 2024 Sold
Premium
Sold
Apr 22, 2024 In contract -
In contract
Apr 17, 2024 Listed by Serhant LLC $649,999
Listed by Serhant LLC
May 11, 2021 Sold
Premium
Sold
Mar 28, 2021 In contract -
In contract
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • 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: 4
  • Garage Square Area: 360
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,860
  • Building Area: 1,240
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,240
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: X2205586Y181120 T056H00000000

Neighborhood

  • School District Name: Bay Shore Union Free School District
  • School Tax School District: BAY SHORE
  • Census Tract: 147201

Zoning

  • Zoning: B

Geography

  • District: 0500-3
  • Section: 50.39
  • Parcel: 0500-392.00-03.00-005.000
  • Block: 2000
  • Lot: 300.005
  • Municipality: ISLIP
  • Latitude: 40.7203
  • Longitude: -73.258

    Address

  • Full Address: 41 Lanier Ln
  • Address - House Number: 41
  • Address - Street Name: Lanier
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Bay Shore
  • Carrier Code: C074
  • 4-Digit Zip Code: 7835
  • Zip Code: 11706

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,181,610
  • Tax Rate Code Area: 472801

    Appraisal Valuation

  • Standard Deviation: 0.2325
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 67
  • Final Value: 634,216
  • High Value: 781,712
  • Low Value: 486,720

    Market Valuation

  • Market Total Value: $506,868
  • Market Land Value: $97,527
  • Market Improvement Value: $409,341

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,900
  • Assessed Land Value: $7,100
  • Assessed Improvements Value: $29,800

    Sales

  • Current Sale Contract Date: Dec 30, 2020
  • Current Sale Recording Date: Jan 21, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: May 20, 2020
  • Previous Sale Contract Date: Mar 31, 2020
  • Previous Sale Amount: $297,500
  • Previous Sale Document Type: 64
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 Bay Shore

Stats & Trends

Median Asking:

$625,000

Sale Price/ft²

$403

Above Asking

0.00%

Average Days on Market

82

Average Home Size

2047 ft²

Average Home Age

73 years

Currently For Sale

32 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 9 Palfrey St, Bay Shore, NY, 11706

$1,000 /mo

  • 1 Bed
  • 1 Bath
  • 120 ft²
9 Palfrey St, Bay Shore, NY, 11706 Listing by Winston R. Anderson
Unit for rent at 53 Mowbray Avenue, Bay Shore, NY, 11706

$5,500 /mo

  • 3 Beds
  • 2 Baths
  • 2,040 ft²
53 Mowbray Avenue, Bay Shore, NY, 11706 Listing by Nicholas Campasano
Unit for rent at 403 East Main Street, Bay Shore, NY, 11706

$2,470 /mo

  • 1 Bed
  • 1 Bath
  • 600 ft²
403 East Main Street #4031A, 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 41 Lanier Lane built and last sold?
The property at 41 Lanier Lane was built in 1925 and last sold on Dec 30, 2020 for $368,000.
How much is this home worth?
The estimated value of the home located at 41 Lanier Lane is $0.
What are some comparable homes to 41 Lanier Lane?
There are currently no comparable homes to 41 Lanier Lane.
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