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Wading River 11792
42 Elizabeth Drive
$574,000
● House - Off Market

42 Elizabeth Drive

Riverhead, NY 11792
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,500 Ft²
$615,456
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Immaculate, Updated, Spacious Ranch With Large Great Room, 3-4 bedrooms, 2 Full Bathrooms, Living Room, Dining Room. Apartment with Proper Permits (Egress Window in Bedroom) or Summer Kitchen with Wetbar, Full Bath, Private Entrance With Use Of Patio. Yard is 0.7 Acres, Plenty Of Room For a Pool. Hardwood Floors Throughout First Floor. Updates Include, Roof, Vinyl Siding, 200 Amp Electric, Bathrooms, Appliances in Kitchen w Propane Stove and Granite Counters, Back Up Propane Heating System, Biasi Oil Burner and Oil Tank, Hot Water Tank, Insulation, CAC. Back Yard Perfect For Entertaining. Built in Grill on Back Deck, Kegerator, Smoker, TV All Will Remain. Cedar Closet In Basement. Exercise Room. Too Much To List!, Additional information: Appearance:Excellent,Interior Features:Marble Bath
Unit Size
1,500 Ft²
Days on Market
120 days
Land Size
0.70 acres
Price per sqft
$379
Property Type
House
Property Taxes
$587
HOA Dues
-
Year Built
1964

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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: 5 months ago (OneKey MLS #KEYL3349321)

Price History

Date / Event Date Event Price
Mar 16, 2022 Sold
Premium
Sold
Jan 28, 2022 Sold
Premium
Sold
Nov 2, 2021 In contract -
In contract
Sep 30, 2021 Listed by Home Possible Realty Inc $569,000
Listed by Home Possible Realty Inc
Mar 7, 2007 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,470
  • Garage Type: 1
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,492
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,482
  • Building Area: 1,482
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 10
  • Heated Square Feet: 1,482
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000700
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: NX DIPIERRO SX GAGEN

Neighborhood

  • School District Name: Riverhead Central School District
  • School Tax School District: RIVERHEAD
  • Census Tract: 169701

Zoning

  • Zoning: 02 - SINGL

Geography

  • Account Number: 40
  • District: 0600-0
  • Section: 33.00
  • Parcel: 0600-033.00-03.00-011.000
  • Block: 3
  • Lot: 11.000
  • Municipality: RIVERHEAD
  • Latitude: 40.9599
  • Longitude: -72.8182

    Address

  • Full Address: 42 Elizabeth Dr
  • Address - House Number: 42
  • Address - Street Name: Elizabeth
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Wading River
  • Carrier Code: R005
  • 4-Digit Zip Code: 1809
  • Zip Code: 11792

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,041,349
  • Tax Rate Code Area: 473002

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 556,418
  • High Value: 636,691
  • Low Value: 476,145

    Market Valuation

  • Market Total Value: $548,978
  • Market Land Value: $130,248
  • Market Improvement Value: $418,730

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $51,000
  • Assessed Land Value: $12,100
  • Assessed Improvements Value: $38,900

    Sales

  • Current Sale Contract Date: Jan 28, 2022
  • Current Sale Recording Date: Mar 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Mar 07, 2007
  • Previous Sale Contract Date: Feb 16, 2007
  • Previous Sale Amount: $360,000
  • 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 Wading River

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$369

Below Asking

0.02%

Average Days on Market

95

Average Home Size

2381 ft²

Average Home Age

52.1 years

Currently For Sale

35 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 126 Overhill Road, Wading River, NY, 11792

$7,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,600 ft²
126 Overhill Road, Wading River, NY, 11792 Listing by Mariana Nunes

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 5 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 42 Elizabeth Drive built and last sold?
The property at 42 Elizabeth Drive was built in 1964 and last sold on Jan 28, 2022 for $574,000.
How much is this home worth?
The estimated value of the home located at 42 Elizabeth Drive is $576,972.
What are some comparable homes to 42 Elizabeth Drive?
There are currently no comparable homes to 42 Elizabeth Drive.
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