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Flanders 11901
46 Groves Drive
$405,000
● House - Off Market

46 Groves Drive

Southampton, NY 11901
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,005 Ft²
$503,608
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

Relax in this move in ready home, ideal for year-round enjoyment. Near beaches, shopping, the North and South Forks. Low taxes. WIthin the Town of Southampton. Escape from the city to your private oasis!, Additional information: Appearance:Excellent
Unit Size
1,005 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$403
Property Type
House
Property Taxes
$314
HOA Dues
-
Year Built
1991

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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 #KEYL3252560)

Price History

Date / Event Date Event Price
Mar 31, 2021 Sold
Premium
Sold
Feb 1, 2021 In contract -
In contract
Sep 15, 2020 Listed by Colony Realty $405,000
Listed by Colony Realty
Nov 25, 2013 Sold
Premium
Sold
May 20, 2011 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 1,005
  • Building Area: 1,005
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,005
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVERHEAD ESTATES
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: BLK LOT 25-26

Neighborhood

  • School District Name: Riverhead Central School District
  • School Tax School District: RIVERHEAD
  • Census Tract: 190405

Zoning

  • Zoning: R15

Geography

  • Assessors Map Reference: MAP 1398
  • District: 0900-1
  • Section: 144.00
  • Parcel: 0900-144.00-01.00-036.000
  • Block: 1
  • Lot: 36.000
  • Municipality: SOUTHAMPTON
  • Latitude: 40.9088
  • Longitude: -72.6314

    Address

  • Full Address: 46 Groves Dr
  • Address - House Number: 46
  • Address - Street Name: Groves
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Riverhead
  • Carrier Code: C011
  • 4-Digit Zip Code: 4226
  • Zip Code: 11901

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $390,764
  • Tax Rate Code Area: 473002

    Appraisal Valuation

  • Standard Deviation: 0.2314
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 53
  • Final Value: 381,777
  • High Value: 470,145
  • Low Value: 293,408

    Market Valuation

  • Market Total Value: $330,072
  • Market Land Value: $135,540
  • Market Improvement Value: $194,532

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $229,400
  • Assessed Land Value: $94,200
  • Assessed Improvements Value: $135,200

    Sales

  • Current Sale Contract Date: Jul 25, 2013
  • Current Sale Recording Date: Nov 25, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Previous Sale Recording Date: May 20, 2011
  • Previous Sale Contract Date: May 11, 2011
  • Previous Sale Amount: $115,000
  • Previous Sale Document Type: 33
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 Flanders

Stats & Trends

Median Asking:

$559,999

Sale Price/ft²

$472

Below Asking

0.02%

Average Days on Market

91

Average Home Size

1480 ft²

Average Home Age

51.1 years

Currently For Sale

10 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

$3,750 /mo

  • 1 Bed
  • 1 Bath
  • 712 ft²
331 E Main Street #404, Riverhead, NY, 11901 Listing by Judi McAvoy

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 46 Groves Drive built and last sold?
The property at 46 Groves Drive was built in 1991 and last sold on Jul 25, 2013 for $124,000.
How much is this home worth?
The estimated value of the home located at 46 Groves Drive is $415,364.
What are some comparable homes to 46 Groves Drive?
There are currently no comparable homes to 46 Groves Drive.
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