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Great Neck 11023 Great Neck
42 Colgate Road
$1,220,000
● House - Off Market

42 Colgate Road

Great Neck, NY 11023
bedrooms
6 Beds
bathrooms
4 Baths, 1 Half Bath
$1,537,805
RealtyHop Estimate
19.21%
Since Sep 1, 2021
NY-New York
Primary Model

About This Property

Move Right Into this Totally Renovated 6 BR Colonial; Sunny Interiors; Formal Living Room and Dining Room, State of the Art Eat-in Kitchen, Wonderful Den Overlooking Deck and Backyard.  Designer Bathrooms; Wonderful Hard Wood Floors, Lots of Architectural Detail. 3 Zone Heating System; Ductless A/C Units Through-out. Wonderful Curb Appeal & Desirable Block. Baker Elementary/ Great Neck North Middle & High Schools.Residents Enjoy the Great Neck Park District with Olympic Pools, Lazy River, Ice Skating Rink, Sports Courts and Waterfront Steppingstone Park.
Unit Size
-
Days on Market
98 days
Land Size
0.13 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,822
HOA Dues
-
Year Built
1928

Payment Calculator

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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: 3 years ago (OneKey MLS #ONE3310735)

Price History

Date / Event Date Event Price
Sep 20, 2021 Sold
Premium
Sold
Aug 13, 2021 Sold
Premium
Sold
May 21, 2021 In contract -
In contract
May 7, 2021 Listed by Edna Mashaal Realty LLC $1,290,000
Listed by Edna Mashaal Realty LLC
Dec 26, 2006 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 136
  • Garage Type: 4
  • Garage Square Area: 324
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 550
  • Total Building Area: 2,113
  • Building Area: 2,113
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,113
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000126
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #2 SCH DIST 007

Neighborhood

  • School District Name: Great Neck Union Free School District
  • School Tax School District: 007
  • School Tax District Code 2: GN
  • Census Tract: 300400

Geography

  • District: 282209
  • Section: 1
  • Parcel: 01-109-00-0146
  • Block: 109
  • Lot: 146
  • Municipality: GREAT NECK
  • Latitude: 40.7989
  • Longitude: -73.7302

    Address

  • Full Address: 42 Colgate Rd
  • Address - House Number: 42
  • Address - Street Name: Colgate
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Great Neck
  • Carrier Code: C031
  • 4-Digit Zip Code: 1520
  • Zip Code: 11023

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,581,821
  • Tax Rate Code Area: 755

    Appraisal Valuation

  • Standard Deviation: 0.2207
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 69
  • Final Value: 1,303,309
  • High Value: 1,590,950
  • Low Value: 1,015,667

    Market Valuation

  • Market Total Value: $895,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $895
  • Assessed Land Value: $407
  • Assessed Improvements Value: $488

    Sales

  • Current Sale Contract Date: Aug 11, 2021
  • Current Sale Recording Date: Sep 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2021-122012
  • Previous Sale Recording Date: Dec 26, 2006
  • Previous Sale Contract Date: Dec 12, 2006
  • Previous Sale Amount: $832,000
  • Previous Sale Document Type: 27
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 Great Neck

Stats & Trends

Median Asking:

$1,298,000

Sale Price/ft²

$653

Below Asking

0.01%

Average Days on Market

101

Average Home Size

2684 ft²

Average Home Age

64.1 years

Currently For Sale

136 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 12 Arleigh Road, Great Neck, NY, 11021

$14,000 /mo

  • 5 Beds
  • 3 Baths
  • 3,600 ft²
12 Arleigh Road, Great Neck, NY, 11021 Listing by Nazila Moinian
Unit for rent at 14 Birchwood Lane, Great Neck, NY, 11024

$13,000 /mo

  • 4 Beds
  • 3 Baths
  • 4,433 ft²
14 Birchwood Lane, Great Neck, NY, 11024 Listing by Soheila Sharf

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 3 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 42 Colgate Road built and last sold?
The property at 42 Colgate Road was built in 1928 and last sold on Aug 11, 2021 for $1,220,000.
How much is this home worth?
The estimated value of the home located at 42 Colgate Road is $0.
What are some comparable homes to 42 Colgate Road?
There are currently no comparable homes to 42 Colgate Road.
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