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North Babylon 11703 North Babylon
47 Magro Drive
$535,000
● House - Off Market

47 Magro Drive

Babylon, NY 11703
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,060 Ft²
$482,729
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

This sweet ranch is in the prime location right in the heart of Long Island and is conveniently located moments from major highways and amenities. This 3 bed 1 bath home includes many updates - bathroom recently redone, new floors, appliances, high-hat lighting, interior doors, gutters, and outside patio area perfect for entertaining. Huge attic space and basement with tons of potential. Move right in and make this home yours!
Unit Size
1,060 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$452
Property Type
House
Property Taxes
$863
HOA Dues
-
Year Built
1953

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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: 4 months ago (OneKey MLS #KEYL3389431)

Price History

Date / Event Date Event Price
Dec 1, 2022 Sold
Premium
Sold
May 23, 2022 Sold
Premium
Sold
Apr 13, 2022 In contract -
In contract
Apr 6, 2022 Listed by Signature Premier Properties $479,000
Listed by Signature Premier Properties
Feb 15, 2017 Sold
Premium
Sold
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,110
  • Lot Size Depth Feet: 900
  • Lot Size Frontage Feet: 790
  • Total Building Area: 1,060
  • Building Area: 1,060
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,060
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP OF MARGO PARK
  • Land Acres: 0000000163
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: FILED MAP 1953 LOT 51

Neighborhood

  • School District Name: North Babylon Union Free School District
  • School Tax School District: NORTH BABYLON
  • Census Tract: 123101

Zoning

  • Zoning: B

Geography

  • Account Number: 20232206380
  • District: 0100-1
  • Section: 149.00
  • Parcel: 0100-149.00-03.00-056.000
  • Block: 3
  • Lot: 56.000
  • Municipality: BABYLON
  • Latitude: 40.73
  • Longitude: -73.3246

    Address

  • Full Address: 47 Magro Dr
  • Address - House Number: 47
  • Address - Street Name: Magro
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: North Babylon
  • Carrier Code: C023
  • 4-Digit Zip Code: 3714
  • Zip Code: 11703

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,059,149
  • Tax Rate Code Area: 472003

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 470,015
  • High Value: 537,823
  • Low Value: 402,207

    Market Valuation

  • Market Total Value: $4,803
  • Market Land Value: $591
  • Market Improvement Value: $4,212

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,170
  • Assessed Land Value: $390
  • Assessed Improvements Value: $2,780

    Sales

  • Current Sale Contract Date: May 23, 2022
  • Current Sale Recording Date: Dec 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Feb 15, 2017
  • Previous Sale Contract Date: Jan 04, 2017
  • Previous Sale Amount: $325,000
  • Previous Sale Document Type: 12
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 North Babylon

Stats & Trends

Median Asking:

$649,000

Sale Price/ft²

$413

Below Asking

0.01%

Average Days on Market

89

Average Home Size

1584 ft²

Average Home Age

65.7 years

Currently For Sale

24 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 11 Park Avenue, Babylon, NY, 11702

$3,000 /mo

  • 1 Bed
  • 1 Bath
  • 550 ft²
11 Park Avenue #1A, Babylon, NY, 11702 Listing by Kenneth Hirsch
Unit for rent at 54 Ralph Avenue, Babylon, NY, 11702

$2,495 /mo

  • 1 Bed
  • 1 Bath
  • 900 ft²
54 Ralph Avenue, Babylon, NY, 11702 Listing by Aideen Duignan
Unit for rent at 239 Curtin Avenue, West Islip, NY, 11795

$2,400 /mo

  • 1 Bed
  • 1 Bath
  • 800 ft²
239 Curtin Avenue, West Islip, NY, 11795 Listing by George Ortiz

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 47 Magro Drive built and last sold?
The property at 47 Magro Drive was built in 1953 and last sold on May 23, 2022 for $535,000.
How much is this home worth?
The estimated value of the home located at 47 Magro Drive is $490,080.
What are some comparable homes to 47 Magro Drive?
There are currently no comparable homes to 47 Magro Drive.
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