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Malverne 11565 Malverne
454 Ocean Avenue
$380,000
● House - Off Market

454 Ocean Avenue

Hempstead, NY 11565
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
$567,124
RealtyHop Estimate
51.27%
Since Sep 1, 2018
National-US
Primary Model

About This Property

Move In Ready Condition 2 Bedroom 1.5 Bath House With Updated Kitchen, Hardwood Floors, And Fully Finished Basement Including A Family Room And Office. Park Like Manicured Backyard Is 240 Feet Deep., Additional information: Appearance:Mint,Separate Hotwater Heater:Yes
Unit Size
-
Days on Market
-
Land Size
0.20 acres
Price per sqft
-
Property Type
House
Property Taxes
$775
HOA Dues
-
Year Built
1928

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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 #KEYL3022943)

Price History

Date / Event Date Event Price
Oct 10, 2018 Sold
Premium
Sold
Aug 9, 2018 Sold
Premium
Sold
Apr 22, 2018 Listed by Charles Rutenberg Realty Inc $374,900
Listed by Charles Rutenberg Realty Inc
Jan 18, 2017 Sold
Premium
Sold
Aug 30, 2016 Listed by Charles Rutenberg Realty Inc $348,800
Listed by Charles Rutenberg Realty Inc

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 8
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 216
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,880
  • Lot Size Depth Feet: 2,140
  • Lot Size Frontage Feet: 400
  • Total Building Area: 952
  • Building Area: 952
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 952
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000204
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 012

Neighborhood

  • School District Name: Malverne Union Free School District
  • School Tax School District: 012
  • School Tax District Code 2: MAL
  • Census Tract: 410100

Geography

  • District: 282027
  • Section: 35
  • Parcel: 35-480-00-1258
  • Block: 480
  • Lot: 1258
  • Municipality: MALVERNE
  • Latitude: 40.6796
  • Longitude: -73.6636

    Address

  • Full Address: 454 Ocean Ave
  • Address - House Number: 454
  • Address - Street Name: Ocean
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Malverne
  • Carrier Code: C004
  • 4-Digit Zip Code: 1217
  • Zip Code: 11565

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $804,563
  • Tax Rate Code Area: 286

    Appraisal Valuation

  • Standard Deviation: 0.1771
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 77
  • Final Value: 552,433
  • High Value: 650,284
  • Low Value: 454,581

    Market Valuation

  • Market Total Value: $407,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $407
  • Assessed Land Value: $256
  • Assessed Improvements Value: $151

    Sales

  • Current Sale Contract Date: Aug 09, 2018
  • Current Sale Recording Date: Oct 10, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2018-091024
  • Previous Sale Recording Date: Jan 18, 2017
  • Previous Sale Contract Date: Dec 29, 2016
  • Previous Sale Amount: $350,000
  • Previous Sale Document Type: 12

    Financing

  • First Mortgage Financing Type: FIX
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 Malverne

Stats & Trends

Median Asking:

$789,000

Sale Price/ft²

$494

Above Asking

0.00%

Average Days on Market

95

Average Home Size

1824 ft²

Average Home Age

84 years

Currently For Sale

19 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 5 Freer Street, Lynbrook, NY, 11563

$2,770 /mo

  • Studio
  • 1 Bath
  • 471 ft²
5 Freer Street #411, Lynbrook, NY, 11563 Listing by Kathleen L. Sarge
Unit for rent at 55 Grand Avenue, Rockville Centre, NY, 11570

$3,000 /mo

  • 2 Beds
  • 1 Bath
  • 875 ft²
55 Grand Avenue #2A, Rockville Centre, NY, 11570 Listing by Matthew J. Korman
Unit for rent at 20 Edmund Street, Lynbrook, NY, 11563

$3,000 /mo

  • 2 Beds
  • 1 Bath
  • 1,100 ft²
20 Edmund Street #2, Lynbrook, NY, 11563 Listing by Heidi R. Fehn GRI

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 454 Ocean Avenue built and last sold?
The property at 454 Ocean Avenue was built in 1928 and last sold on Aug 9, 2018 for $382,500.
How much is this home worth?
The estimated value of the home located at 454 Ocean Avenue is $378,649.
What are some comparable homes to 454 Ocean Avenue?
There are currently no comparable homes to 454 Ocean Avenue.
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