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Freeport 11520 Freeport
470 Ray Street
Photo of 470 Ray Street

31

Map

Photo of 470 Ray Street
Photo of 470 Ray Street
$649,000
● House - In Contract

470 Ray Street

Hempstead, NY 11520
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,229 Ft²
$4,152
Est. Monthly

About This Property

Introducing 470 Ray St.- Welcome to this charming stone Cape located in Freeport! This well-maintained home features 4 bedrooms and 2 full bathrooms, with beautiful hardwood floors throughout. The updated kitchen offers granite countertops, stainless steel appliances, and plenty of space for cooking and entertaining. Enjoy the added convenience of a full basement and a welcoming enclosed front porch. Situated on a double lot, the property offers a spacious backyard featuring a, perfect for relaxing or entertaining. A detached garage provides additional parking and storage. Conveniently located near shopping, dining, transportation, and local amenities, this is a wonderful opportunity to make this beautiful home your own!
Unit Size
2,229 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$291
Property Type
House
Property Taxes
$965
HOA Dues
-
Year Built
1940

Listed By

Perry Pappas
[email protected]
Century 21 American Homes

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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 days ago (OneKey MLS #KEY1046229)

Price History

Date / Event Date Event Price
Sep 24, 2026 In contract -
In contract
Sep 3, 2026 Listed by Signature Premier Properties $649,000
Listed by Signature Premier Properties

Property Highlights

Parking Details
Has Garage
Has Open Parking
Parking Features: Driveway
Garage Spaces: 1
Interior Details
Full Bathrooms: 2
Interior Features: First Floor Bedroom
Appliances: Stainless Steel Appliance(s)
Flooring Type: Hardwood
Rooms: 7
Basement: Full
Exterior Details
Square Footage: 2229
Square Footage Source: $0
Architectural Style: Cape Cod
Year Built: 1940
Building Area Units: Square Feet
Construction Materials: Stone
Lot Size Area: 7500
Lot Size Units: Square Feet
Lot Size Acres: 0.1722
Lot Size Square Feet: 7500
Water Source: Public
Financial Details
Tax Assessed Value: $372
Tax Annual Amount: $11,578
Utilities Details
Cooling Type: Wall/Window Unit(s)
Heating Type: Steam
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Total Rooms: 4
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 294
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,374
  • Building Area: 1,374
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,374
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 009

Neighborhood

  • School District Name: Freeport Union Free School District
  • School Tax School District: 009
  • School Tax District Code 2: FPT
  • Census Tract: 414501

Geography

  • District: 282009
  • Section: 54
  • Parcel: 54-312-00-0029
  • Block: 312
  • Lot: 29-31
  • Municipality: FREEPORT
  • Latitude: 40.6429
  • Longitude: -73.5949

    Address

  • Full Address: 470 Ray St
  • Address - House Number: 470
  • Address - Street Name: Ray
  • Address - Suffix Type: St
  • State: NY
  • City Name: Freeport
  • Carrier Code: C028
  • 4-Digit Zip Code: 5229
  • Zip Code: 11520

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $752,794
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 549,571
  • High Value: 638,256
  • Low Value: 460,886

    Market Valuation

  • Market Total Value: $372,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $372
  • Assessed Land Value: $185
  • Assessed Improvements Value: $187
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 Freeport

Stats & Trends

Median Asking:

$649,000

Sale Price/ft²

$413

Below Asking

0.01%

Average Days on Market

89

Average Home Size

3741 ft²

Average Home Age

72 years

Currently For Sale

73 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 308 Bedell Street, Freeport, NY, 11520

$7,500 /mo

  • 4 Beds
  • 3 Baths
  • 2,270 ft²
308 Bedell Street, Freeport, NY, 11520 Listing by Jerome Jones
Unit for rent at 725 Miller Avenue, Freeport, NY, 11520

$2,990 /mo

  • 1 Bed
  • 1 Bath
  • 1,200 ft²
725 Miller Avenue #123, Freeport, NY, 11520 Listing by Lisa J. DeTurris
Unit for rent at 50 Florence Avenue, Freeport, NY, 11520

$3,600 /mo

  • 2 Beds
  • 1 Bath
  • 2,451 ft²
50 Florence Avenue, Freeport, NY, 11520 Listing by Lisa J. DeTurris

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 5 days ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 470 Ray Street built and last sold?
The property at 470 Ray Street was built in 1940 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 470 Ray Street is $672,476.
What are some comparable homes to 470 Ray Street?
There are currently no comparable homes to 470 Ray Street.
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