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Riverside 11901
440 Flanders Road
$420,000
● House - Off Market

440 Flanders Road

Riverhead, NY 11901
bedrooms
2 Beds
bathrooms
1 Bath
square feet
754 Ft²
$2,458
Est. Monthly
13.17%
Cap Rate

About This Property

Located in the Town of Southampton this charming home offers an adorable porch, living room, eat in kitchen, den or use as a dining room, two bedrooms, 1 bath, partial basement, new flooring, and a new roof installed in 2017. Perfectly located  to both the North Fork shopping, Vineyards and the Ocean Beaches of The Hamptons.
Unit Size
754 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$623
Property Type
House
Property Taxes
$150
HOA Dues
-
Year Built
1986

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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: 6 months ago (OneKey MLS #KEYL3579607)

Price History

Date / Event Date Event Price
Jan 2, 2025 Sold
Premium
Sold
Sep 18, 2024 Listed by Kerrigan Country Realty $470,000
Listed by Kerrigan Country Realty
Nov 13, 1995 Sold
Premium
Sold
Apr 21, 1994 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,148
  • Total Building Area: 544
  • Building Area: 544
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 544
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000210
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: N-POLAK S-RHD FLANDERS RD E-SHEMIJDA JRR W-BARTOSWICZ

Neighborhood

  • School District Name: Riverhead Central School District
  • School Tax School District: RIVERHEAD
  • Census Tract: 190404

Zoning

  • Zoning: R80

Geography

  • District: 0900-1
  • Section: 119.00
  • Parcel: 0900-119.00-01.00-024.000
  • Block: 1
  • Lot: 24.000
  • Municipality: SOUTHAMPTON
  • Latitude: 40.9122
  • Longitude: -72.6462

    Address

  • Full Address: 440 Flanders Rd
  • Address - House Number: 440
  • Address - Street Name: Flanders
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Riverhead
  • Carrier Code: C015
  • 4-Digit Zip Code: 3714
  • Zip Code: 11901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 473002

    Appraisal Valuation

  • Standard Deviation: 0.2147
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 70
  • Final Value: 433,001
  • High Value: 526,006
  • Low Value: 339,996

    Market Valuation

  • Market Total Value: $145,755
  • Market Land Value: $50,647
  • Market Improvement Value: $95,108

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $101,300
  • Assessed Land Value: $35,200
  • Assessed Improvements Value: $66,100

    Sales

  • Current Sale Contract Date: Oct 18, 1995
  • Current Sale Recording Date: Nov 13, 1995
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Apr 21, 1994
  • Previous Sale Contract Date: Mar 22, 1994
  • Previous Sale Amount: $8,500
  • Previous Sale Document Type: 51
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 Riverside

Stats & Trends

Median Asking:

$535,000

Sale Price/ft²

$505

Below Asking

0.01%

Average Days on Market

104

Average Home Size

973 ft²

Average Home Age

40 years

Currently For Sale

0 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 205 Osborn Avenue, Riverhead, NY, 11901

$3,350 /mo

  • 1 Bed
  • 1 Bath
205 Osborn Avenue, Riverhead, NY, 11901 Listing by Judi McAvoy

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 6 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 440 Flanders Road built and last sold?
The property at 440 Flanders Road was built in 1986 and last sold on Oct 18, 1995 for $20,000.
How much is this home worth?
The estimated value of the home located at 440 Flanders Road is $0.
What are some comparable homes to 440 Flanders Road?
There are currently no comparable homes to 440 Flanders Road.
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