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Plainview 11803 Plainview
48 Gerhard Road
$753,000
● House - Off Market

48 Gerhard Road

Oyster Bay, NY 11803
bedrooms
3 Beds
bathrooms
2 Baths
$697,093
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Plainview - Mint Expanded Ranch with so many updates and upgrades. 3 Bedrooms, 2 New Baths, large living/family room with soaring ceiling and skylights plus wood burning fireplace. extra office space with sliders to deck. Separate dining room. Lower level has so much space. Laundry room, huge storage closet that can double as a 2nd office. Gas heat and cooking, Bamboo Hardwood floors, Hi Hats, central air, 4 zone inground sprinkler system, oversized driveway with plug in for electric car. Professionally landscaped property gives this house great curb appeal. House is much larger than it looks and must be seen. Navien Gas Heating & Hot Water, 150 Amp Electric, CAC,  Plainview Schools. Do not miss! True Taxes $17681.38 NYS Star $1373, Additional information: Appearance:Mint,Separate Hotwater Heater:N
Unit Size
-
Days on Market
-
Land Size
0.15 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,473
HOA Dues
-
Year Built
1954

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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 months ago (OneKey MLS #KEYL3474060)

Price History

Date / Event Date Event Price
Jul 27, 2023 Sold
Premium
Sold
May 5, 2023 In contract -
In contract
Apr 27, 2023 Listed by Compass Greater NY LLC $699,000
Listed by Compass Greater NY LLC
Nov 21, 1997 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,500
  • Lot Size Depth Feet: 1,010
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,582
  • Building Area: 1,582
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,582
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000149
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #3 SCH DIST 019

Neighborhood

  • School District Name: Plainview-Old Bethpage Central School District
  • School Tax School District: 019
  • Census Tract: 519802

Geography

  • District: 282489
  • Section: 47
  • Parcel: 47-021-00-0032
  • Block: 21
  • Lot: 32
  • Municipality: OYSTER BAY UNINCORPORATED
  • Latitude: 40.7703
  • Longitude: -73.4773

    Address

  • Full Address: 48 Gerhard Rd
  • Address - House Number: 48
  • Address - Street Name: Gerhard
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Plainview
  • Carrier Code: C017
  • 4-Digit Zip Code: 5507
  • Zip Code: 11803

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,630,838
  • Tax Rate Code Area: 579

    Appraisal Valuation

  • Standard Deviation: 0.0932
  • Valuation Date: Aug 23, 2023
  • Confidence Score: 91
  • Final Value: 685,905
  • High Value: 749,878
  • Low Value: 621,932

    Market Valuation

  • Market Total Value: $634,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $634
  • Assessed Land Value: $305
  • Assessed Improvements Value: $329

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 27, 2023
  • Current Sale Recording Date: Aug 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2023-49164
  • Previous Sale Recording Date: Nov 21, 1997
  • Previous Sale Contract Date: Nov 05, 1997
  • Previous Sale Amount: $190,000
  • Previous Sale Document Type: 27
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 Plainview

Stats & Trends

Median Asking:

$950,000

Sale Price/ft²

$562

Above Asking

0.00%

Average Days on Market

83

Average Home Size

2345 ft²

Average Home Age

50.2 years

Currently For Sale

29 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 68 Jamaica Avenue, Plainview, NY, 11803

$5,350 /mo

  • 3 Beds
  • 2 Baths
  • 1,412 ft²
68 Jamaica Avenue, Plainview, NY, 11803 Listing by Lenix Lin
Unit for rent at 80 Ellen Street, Bethpage, NY, 11714

$4,999 /mo

  • 4 Beds
  • 2 Baths
  • 1,464 ft²
80 Ellen Street, Bethpage, NY, 11714 Listing by Kamal Khurana
Unit for rent at 12 Vernon Street, Plainview, NY, 11803

$5,800 /mo

  • 5 Beds
  • 2 Baths
  • 2,614 ft²
12 Vernon Street, Plainview, NY, 11803 Listing by Wujie Zhao

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 5 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 48 Gerhard Road built and last sold?
The property at 48 Gerhard Road was built in 1954 and last sold on Jul 27, 2023 for $753,000.
How much is this home worth?
The estimated value of the home located at 48 Gerhard Road is $705,990.
What are some comparable homes to 48 Gerhard Road?
There are currently no comparable homes to 48 Gerhard Road.
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