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Riverhead 11901
41 Prospect Place
Photo of 41 Prospect Place

31

Map

Photo of 41 Prospect Place
Photo of 41 Prospect Place
$725,000
● House - For Sale

41 Prospect Place

Riverhead, NY 11901
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,792 Ft²
$4,426
Est. Monthly

About This Property

Welcome to this charming 4-bedroom, 2-bath Colonial located in the heart of Riverhead. The home was renovated approximately 5 years ago and features new windows, beautiful hardwood floors, and updated bathroom tile. The property offers gas heating and a standalone electric hot water system (new) and 2 car garage with new roof. Full basement and attic for storage. Conveniently located close to schools, shopping, gas stations, Main Street, and all that Riverhead has to offer. A great opportunity to own a well-maintained home in a convenient location.
Unit Size
1,792 Ft²
Days on Market
46 days
Land Size
0.21 acres
Price per sqft
$405
Property Type
House
Property Taxes
$865
HOA Dues
-
Year Built
1939

Listed By

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 months ago (OneKey MLS #KEY1037571)

Price History

Date / Event Date Event Price
Aug 11, 2026 Listed by EXP Realty $725,000
Listed by EXP Realty
Oct 7, 2021 Sold
Premium
Sold
Sep 23, 2021 In contract -
In contract
Sep 9, 2021 No longer available -
No longer available
Aug 22, 2020 Listed by Douglas Elliman Real Estate $459,900
Listed by Douglas Elliman Real Estate
Show More

Property Highlights

Garage
Parking Details
Has Garage
Parking Features: Private, Detached
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Eat-in Kitchen, Formal Dining
Appliances: Gas Water Heater
Flooring Type: Hardwood, Laminate, Tile
Rooms: 10
Basement: Full
Exterior Details
Square Footage: 1792
Square Footage Source: $0
Property Condition: Updated/Remodeled
Architectural Style: Colonial
Year Built: 1939
Levels: Two
Building Area Units: Square Feet
Window Features: ENERGY STAR Qualified Windows
Construction Materials: Other, Vinyl Siding
Lot Size Area: 9148
Lot Size Units: Square Feet
Lot Size Acres: 0.21
Lot Size Square Feet: 9148
Lot Size Dimensions: 60X152
Tax Lot: 15000
Water Source: Public
Financial Details
Tax Annual Amount: $10,384
Utilities Details
Cooling Type: None
Heating Type: Natural Gas, Hot Water
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1939
  • Effective Year Built: 1939
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 441
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 9,148
  • Lot Size Depth Feet: 1,520
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,792
  • Building Area: 1,792
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,792
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP OF PROPERTY OF MILLER DAVIS
  • Land Acres: 0000000210
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: *1196 LOT 6 MILLER DAVIS AMENDED MAP 765 0000 1

Neighborhood

  • School District Name: Riverhead Central School District
  • School Tax School District: RIVERHEAD
  • Census Tract: 169800

Zoning

  • Zoning: 03 - MULTI

Geography

  • Account Number: 04
  • District: 0600-1
  • Section: 127.00
  • Parcel: 0600-127.00-05.00-015.000
  • Block: 5
  • Lot: 15.000
  • Municipality: RIVERHEAD
  • Latitude: 40.9241
  • Longitude: -72.6537

    Address

  • Full Address: 41 Prospect Pl
  • Address - House Number: 41
  • Address - Street Name: Prospect
  • Address - Suffix Type: Pl
  • State: NY
  • City Name: Riverhead
  • Carrier Code: C010
  • 4-Digit Zip Code: 2572
  • Zip Code: 11901

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $893,044
  • Tax Rate Code Area: 473002

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 448,411
  • High Value: 513,102
  • Low Value: 383,720

    Market Valuation

  • Market Total Value: $441,334
  • Market Land Value: $68,891
  • Market Improvement Value: $372,443

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $41,000
  • Assessed Land Value: $6,400
  • Assessed Improvements Value: $34,600

    Sales

  • Current Sale Contract Date: Jul 29, 2015
  • Current Sale Recording Date: Aug 19, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Previous Sale Recording Date: Sep 22, 2014
  • Previous Sale Contract Date: Jul 23, 2014
  • Previous Sale Amount: $515,667
  • Previous Sale Document Type: 34

    Previous Mortgages

  • Previous Mortgage Lender:
    Premium
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 Riverhead

Stats & Trends

Median Asking:

$599,000

Sale Price/ft²

$389

Below Asking

0.01%

Average Days on Market

85

Average Home Size

1783 ft²

Average Home Age

57.8 years

Currently For Sale

40 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 331 E Main Street, Riverhead, NY, 11901

$3,900 /mo

  • 2 Beds
  • 2 Baths
  • 1,200 ft²
331 E Main Street, Riverhead, NY, 11901 Listing by Judi McAvoy
Unit for rent at 525 Riverleigh Ave, Riverhead, NY, 11901

$2,100 /mo

  • 2 Beds
  • 1 Bath
  • 788 ft²
525 Riverleigh Ave #C19, Riverhead, NY, 11901 Listing by Todd Romano CBR
Unit for rent at 1228 Roanoke Avenue, Riverhead, NY, 11901

$2,200 /mo

  • 1 Bed
  • 1 Bath
  • 500 ft²
1228 Roanoke Avenue, Riverhead, NY, 11901 Listing by Isaac D. Israel

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 2 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 41 Prospect Place built and last sold?
The property at 41 Prospect Place was built in 1939 and last sold on Jul 29, 2015 for $220,000.
How much is this home worth?
The estimated value of the home located at 41 Prospect Place is $690,934.
What are some comparable homes to 41 Prospect Place?
There are currently no comparable homes to 41 Prospect Place.
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