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Baiting Hollow 11933
48 Hill Drive
$140,000
● House - Off Market

48 Hill Drive

Riverhead, NY 11901
bedrooms
2 Beds
bathrooms
1 Bath
$256,827
RealtyHop Estimate
51.97%
Since Feb 1, 2019
National-US
Primary Model

About This Property

Unbeatable Opportunity To Own A Home On The Beautiful North Fork At An Unbelievable Price! This Cozy Cottage With Big Potential Is Located In The Sound Front Community Of Reeves Park, The Gateway To The Long Island Wine Country. Stroll 2/10 Of A Mile To Your Beach. Convenient To The Best Restaurants, Shopping And Wineries On The North Fork.
Unit Size
-
Days on Market
-
Land Size
0.10 acres
Price per sqft
-
Property Type
House
Property Taxes
$342
HOA Dues
-
Year Built
1947

Payment Calculator

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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 #KEYL3061727)

Price History

Date / Event Date Event Price
Jul 6, 2022 Withdrawn -
Withdrawn
May 11, 2022 Listed by Douglas Elliman Real Estate $459,000
Listed by Douglas Elliman Real Estate
Jan 8, 2019 Sold
Premium
Sold
Sep 2, 2018 Listed by Douglas Elliman Real Estate $169,000
Listed by Douglas Elliman Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 4
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,356
  • Lot Size Depth Feet: 500
  • Lot Size Frontage Feet: 850
  • Total Building Area: 580
  • Building Area: 580
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 580
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: REEVE PARK ESTATES
  • Land Acres: 0000000100
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: *1276 REEVES PK ESTS LOT 64

Neighborhood

  • School District Name: Riverhead Central School District
  • School Tax School District: RIVERHEAD
  • Census Tract: 169703

Zoning

  • Zoning: 03 - MULTI

Geography

  • Account Number: 21
  • District: 0600-0
  • Section: 16.00
  • Parcel: 0600-016.00-01.00-001.000
  • Block: 1
  • Lot: 1.000
  • Municipality: RIVERHEAD
  • Latitude: 40.972
  • Longitude: -72.7101

    Address

  • Full Address: 48 Hill Dr
  • Address - House Number: 48
  • Address - Street Name: Hill
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Riverhead
  • Carrier Code: R001
  • 4-Digit Zip Code: 1045
  • Zip Code: 11901

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $567,320
  • Tax Rate Code Area: 473002

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 468,644
  • High Value: 536,255
  • Low Value: 401,034

    Market Valuation

  • Market Total Value: $290,635
  • Market Land Value: $59,203
  • Market Improvement Value: $231,432

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,000
  • Assessed Land Value: $5,500
  • Assessed Improvements Value: $21,500
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 Baiting Hollow

Stats & Trends

Median Asking:

$649,450

Sale Price/ft²

$461

Below Asking

0.02%

Average Days on Market

85

Average Home Size

1457 ft²

Average Home Age

44.1 years

Currently For Sale

24 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 3002 Willow Pond Drive, Riverhead, NY, 11901

$3,250 /mo

  • 2 Beds
  • 2 Baths
  • 1,374 ft²
3002 Willow Pond Drive, Riverhead, NY, 11901 Listing by Rene A. Giacobbe

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 Hill Drive built and last sold?
The property at 48 Hill Drive was built in 1947 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 48 Hill Drive is $463,590.
What are some comparable homes to 48 Hill Drive?
There are currently no comparable homes to 48 Hill Drive.
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