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Hauppauge 11788 Hauppauge
48 Falcon Drive
$520,000
● House - Off Market

48 Falcon Drive

Hauppauge, NY 11788
bedrooms
3 Beds
bathrooms
3 Baths, 2 Half Baths
$595,980
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

What is Not To Love About The Desirable Bird Section of Hauppauge? New Carpeting In Den. Andersen Sliders to Private Backyard. Hardwood Floors and Cathedral Ceilings. Partial Basement is Great Space For  Home Office or Gym!  Bring your Ideas for Some Updating!  Location Provides for Easy Access to Parkways, Shopping, Schools and Parks while being Nestled in a Tranquil Neighborhood!
Unit Size
-
Days on Market
75 days
Land Size
0.38 acres
Price per sqft
-
Property Type
House
Property Taxes
$675
HOA Dues
-
Year Built
1961

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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 #ONE3326466)

Price History

Date / Event Date Event Price
Sep 14, 2021 Sold
Premium
Sold
Jul 15, 2021 In contract -
In contract
Jul 1, 2021 Listed by Keller Williams Realty Elite $525,000
Listed by Keller Williams Realty Elite
Jun 17, 2011 Sold
Premium
Sold
May 20, 2004 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 5
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 200
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,553
  • Total Building Area: 1,645
  • Building Area: 1,645
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,645
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000380
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: 184.-1-25 *2699 LOT 41 HONEY HILLS SEC 1

Neighborhood

  • School District Name: Hauppauge Union Free School District
  • School Tax School District: HAUPPAUGE
  • Census Tract: 135209

Geography

  • District: 0800-1
  • Section: 184.00
  • Parcel: 0800-184.00-01.00-025.000
  • Block: 1
  • Lot: 25.000
  • Municipality: SMITHTOWN
  • Latitude: 40.8217
  • Longitude: -73.2399

    Address

  • Full Address: 48 Falcon Dr
  • Address - House Number: 48
  • Address - Street Name: Falcon
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Hauppauge
  • Carrier Code: C054
  • 4-Digit Zip Code: 1202
  • Zip Code: 11788

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $842,345
  • Tax Rate Code Area: 472806

    Appraisal Valuation

  • Standard Deviation: 0.2702
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 61
  • Final Value: 669,913
  • High Value: 850,984
  • Low Value: 488,842

    Market Valuation

  • Market Total Value: $4,741
  • Market Land Value: $402
  • Market Improvement Value: $4,339

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,125
  • Assessed Land Value: $350
  • Assessed Improvements Value: $3,775

    Sales

  • Current Sale Contract Date: Jun 09, 2011
  • Current Sale Recording Date: Jun 17, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Previous Sale Recording Date: May 20, 2004
  • Previous Sale Contract Date: Apr 27, 2004
  • Previous Sale Amount: $310,000
  • 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 Hauppauge

Stats & Trends

Median Asking:

$775,000

Sale Price/ft²

$401

Below Asking

0.01%

Average Days on Market

85

Average Home Size

2024 ft²

Average Home Age

54.6 years

Currently For Sale

25 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 1887 Joshuas Path, Central Islip, NY, 11722

$3,050 /mo

  • 2 Beds
  • 1 Bath
  • 750 ft²
1887 Joshuas Path #2, Central Islip, NY, 11722 Listing by Walter Espinal PSA
Unit for rent at 650 Veterans Highway, Hauppauge, NY, 11788

$2,845 /mo

  • 1 Bed
  • 1 Bath
  • 650 ft²
650 Veterans Highway #11G, Hauppauge, NY, 11788 Listing by Michelle Holmes

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 Falcon Drive built and last sold?
The property at 48 Falcon Drive was built in 1961 and last sold on Jun 9, 2011 for $330,000.
How much is this home worth?
The estimated value of the home located at 48 Falcon Drive is $530,250.
What are some comparable homes to 48 Falcon Drive?
There are currently no comparable homes to 48 Falcon Drive.
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