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Babylon 11702 Babylon
48 Edward Avenue
$670,000
● House - Off Market

48 Edward Avenue

Babylon, NY 11702
bedrooms
4 Beds
bathrooms
2 Baths
$742,742
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

Amazing Water views from this Babylon Village Expanded Cape. This 4 Bedroom 2 Gorgeous Full Baths has been Totally Renovated.! Features First Floor Bedroom, Granite Kitchen, Stainless Appliances, Radiant Heat, Stone Fireplace, Crown Moulding, New Utilities, Hot Springs Hot Tub, Detached Garage, And Lots ,Lots More.!
Unit Size
-
Days on Market
74 days
Land Size
0.11 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,052
HOA Dues
-
Year Built
1949

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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: 3 years ago (OneKey MLS #ONE3320805)

Price History

Date / Event Date Event Price
Oct 14, 2021 Sold
Premium
Sold
Aug 24, 2021 Sold
Premium
Sold
Jun 18, 2021 In contract -
In contract
Jun 11, 2021 Listed by Eric G Ramsay Jr Assoc LLC $649,000
Listed by Eric G Ramsay Jr Assoc LLC
Mar 20, 2000 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
With View
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 4,700
  • Lot Size Depth Feet: 940
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,976
  • Building Area: 1,976
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,976
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000107
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: FOR TAX EXT PURPOSES LOTS 51B 52A & PT 52B

Neighborhood

  • School District Name: Babylon Union Free School District
  • School Tax School District: BABYLON
  • Census Tract: 124602

Geography

  • Account Number: 20230408960
  • District: 0102-0
  • Section: 16.00
  • Parcel: 0102-016.00-03.00-058.000
  • Block: 3
  • Lot: 58.000
  • Municipality: BABYLON
  • Latitude: 40.6912
  • Longitude: -73.3192

    Address

  • Full Address: 48 Edward Ave
  • Address - House Number: 48
  • Address - Street Name: Edward
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Babylon
  • Carrier Code: C072
  • 4-Digit Zip Code: 4002
  • Zip Code: 11702

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,431,717
  • Tax Rate Code Area: 472001

    Appraisal Valuation

  • Standard Deviation: 0.2353
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 67
  • Final Value: 842,033
  • High Value: 1,040,237
  • Low Value: 643,828

    Market Valuation

  • Market Total Value: $229,050
  • Market Land Value: $15,084
  • Market Improvement Value: $213,966

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,100
  • Assessed Land Value: $270
  • Assessed Improvements Value: $3,830

    Sales

  • Current Sale Contract Date: Aug 25, 2021
  • Current Sale Recording Date: Oct 14, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Mar 20, 2000
  • Previous Sale Contract Date: Mar 03, 2000
  • Previous Sale Amount: $239,000
  • 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 Babylon

Stats & Trends

Median Asking:

$799,000

Sale Price/ft²

$506

Below Asking

0.01%

Average Days on Market

82

Average Home Size

1785 ft²

Average Home Age

65.5 years

Currently For Sale

20 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 Pratt Street, West Babylon, NY, 11704

$4,800 /mo

  • 4 Beds
  • 3 Baths
11 Pratt Street, West Babylon, NY, 11704 Listing by Linda Lugo CRS CRB CIPS E-PRO SRES

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 3 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 48 Edward Avenue built and last sold?
The property at 48 Edward Avenue was built in 1949 and last sold on Aug 25, 2021 for $670,000.
How much is this home worth?
The estimated value of the home located at 48 Edward Avenue is $0.
What are some comparable homes to 48 Edward Avenue?
There are currently no comparable homes to 48 Edward Avenue.
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