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Wading River 11792
47 Merion Circle
$905,000
● House - Off Market

47 Merion Circle

Riverhead, NY 11792
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,600 Ft²
$986,624
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

This magnificent Victorian on a beautifully landscaped with an in-ground pool is a must-see!. Enter the grand foyer and see this glistering Chandelier hanging down from a Cathedral ceiling! A couple of steps enters a family room with fireplace and breathtaking high ceilings. The spacious center-island kitchen features a large eating area, formal dining room, and a sliding doors that welcome you to a beautiful backyard with in ground pool,  paver patio and a personal putting area! For remote professionals, Work In Your Private Office and take a break with a cup of coffee In The Sunroom.  Entertain your guests in the backyard and sing Karaoke and do Yoga in the Fantastic Finished Basement.  Don't wait too long and make it your own!, Additional information: Appearance:Diamond+++,Interior Features:Lr/Dr
Unit Size
3,600 Ft²
Days on Market
-
Land Size
0.76 acres
Price per sqft
$258
Property Type
House
Property Taxes
$1,930
HOA Dues
-
Year Built
2004

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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 #KEYL3418974)

Price History

Date / Event Date Event Price
Mar 2, 2023 Sold
Premium
Sold
Dec 9, 2022 Sold
Premium
Sold
Sep 30, 2022 In contract -
In contract
Sep 10, 2022 Price Decreased $930,000
↓ $40K (4.1%)
Price Decreased
Jul 26, 2022 Listed by Charles Rutenberg Realty Inc $969,900
Listed by Charles Rutenberg Realty Inc
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,000
  • Garage Type: 1
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 10

    Dimensions

  • Lot Size Square Feet: 33,106
  • Total Building Area: 3,619
  • Building Area: 3,619
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 10
  • Heated Square Feet: 3,619
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000760
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: BIRCHWOOD AT WADING RIVER SECT 2 #10925 LOT 83 318 HIDDEN AC PATH

Neighborhood

  • School District Name: Shoreham-Wading River Central School District
  • School Tax School District: SHOREHAM-WADING
  • Census Tract: 169701

Zoning

  • Zoning: 02 - SINGL

Geography

  • Account Number: 13
  • District: 0600-0
  • Section: 96.00
  • Parcel: 0600-096.00-01.00-013.057
  • Block: 1
  • Lot: 13.057
  • Municipality: RIVERHEAD
  • Latitude: 40.9286
  • Longitude: -72.8333

    Address

  • Full Address: 47 Merion Cir
  • Address - House Number: 47
  • Address - Street Name: Merion
  • Address - Suffix Type: Cir
  • State: NY
  • City Name: Wading River
  • Carrier Code: R004
  • 4-Digit Zip Code: 2309
  • Zip Code: 11792

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,361,454
  • Tax Rate Code Area: 473001

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 898,650
  • High Value: 1,028,296
  • Low Value: 769,004

    Market Valuation

  • Market Total Value: $1,027,987
  • Market Land Value: $136,706
  • Market Improvement Value: $891,281

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $95,500
  • Assessed Land Value: $12,700
  • Assessed Improvements Value: $82,800

    Sales

  • Current Sale Contract Date: Dec 09, 2022
  • Current Sale Recording Date: Mar 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 27, 2017
  • Previous Sale Contract Date: Jun 15, 2017
  • Previous Sale Amount: $685,000
  • 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 Wading River

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$369

Below Asking

0.02%

Average Days on Market

93

Average Home Size

2247 ft²

Average Home Age

55 years

Currently For Sale

31 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
Unit for rent at 258 Route 25a, Wading River, NY, 11792

$4,825 /mo

  • 4 Beds
  • 2 Baths
  • 1,248 ft²
258 Route 25a, Wading River, NY, 11792 Listing by Priscilla Holloway CBR

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 Merion Circle built and last sold?
The property at 47 Merion Circle was built in 2004 and last sold on Dec 9, 2022 for $905,000.
How much is this home worth?
The estimated value of the home located at 47 Merion Circle is $943,874.
What are some comparable homes to 47 Merion Circle?
There are currently no comparable homes to 47 Merion Circle.
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