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Babylon 11702 Babylon
48 Lincoln Street
$677,000
● House - Off Market

48 Lincoln Street

Babylon, NY 11702
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$1,023,173
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model

About This Property

Location, Location!  Full renovated and quality throughout!  Designer Eat in Kitchen w/ Stainless Steel Appl's, Polished HW Floors, stunning 2.5 Baths! Wonderful open floor plan, newly finished lower level is perfect as family room or play room! New CAC, new Navien on demand hot water system! Master Suite w/ cathedral ceils, walk-in closet & pvt. bath! All  new maintenance free exterior! *Taxes are $8510.88 until December 2020* All Babylon Village amenities and minutes to railroad and shops!, Additional information: Appearance:DIAMOND,Separate Hotwater Heater:Yes
Unit Size
-
Days on Market
-
Land Size
0.16 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,247
HOA Dues
-
Year Built
1933

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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: 6 months ago (OneKey MLS #KEYL3154011)

Price History

Date / Event Date Event Price
Nov 1, 2019 Sold
Premium
Sold
Sep 19, 2019 In contract -
In contract
Aug 7, 2019 Listed by Century 21 Adams Real Estate $699,000
Listed by Century 21 Adams Real Estate
Jul 15, 2019 No longer available -
No longer available
May 26, 2019 Price Decreased $649,999
↓ $50K (7.1%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1933
  • Effective Year Built: 1933
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 7,100
  • Lot Size Depth Feet: 1,420
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,307
  • Building Area: 1,307
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,667
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000163
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: FILED MAP 817 LOT 80

Neighborhood

  • School District Name: Babylon Union Free School District
  • School Tax School District: BABYLON
  • Census Tract: 124500

Geography

  • Account Number: 20230305120
  • District: 0102-0
  • Section: 3.00
  • Parcel: 0102-003.00-02.00-099.000
  • Block: 2
  • Lot: 99.000
  • Municipality: BABYLON
  • Latitude: 40.7068
  • Longitude: -73.3244

    Address

  • Full Address: 48 Lincoln St
  • Address - House Number: 48
  • Address - Street Name: Lincoln
  • Address - Suffix Type: St
  • State: NY
  • City Name: Babylon
  • Carrier Code: C006
  • 4-Digit Zip Code: 1835
  • Zip Code: 11702

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,867,383
  • Tax Rate Code Area: 472001

    Appraisal Valuation

  • Standard Deviation: 0.2399
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 66
  • Final Value: 822,704
  • High Value: 1,020,147
  • Low Value: 625,262

    Market Valuation

  • Market Total Value: $292,737
  • Market Land Value: $17,318
  • Market Improvement Value: $275,419

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,240
  • Assessed Land Value: $310
  • Assessed Improvements Value: $4,930

    Sales

  • Current Sale Contract Date: Nov 01, 2019
  • Current Sale Recording Date: Nov 15, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Nov 30, 2018
  • Previous Sale Contract Date: Nov 08, 2018
  • Previous Sale Amount: $375,000
  • 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 Babylon

Stats & Trends

Median Asking:

$799,000

Sale Price/ft²

$505

Below Asking

0.02%

Average Days on Market

87

Average Home Size

1934 ft²

Average Home Age

69 years

Currently For Sale

19 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 1 Park Avenue, Babylon, NY, 11702

$3,400 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
1 Park Avenue #2, Babylon, NY, 11702 Listing by Alice Yurkerwich
Unit for rent at 42 Haab Avenue, Babylon, NY, 11702

$2,700 /mo

  • 2 Beds
  • 1 Bath
  • 800 ft²
42 Haab Avenue, Babylon, NY, 11702 Listing by Edward M. Kaleck
Unit for rent at 57 Prospect Street, Babylon, NY, 11702

$3,200 /mo

  • 2 Beds
  • 1 Bath
  • 2,243 ft²
57 Prospect Street #A, Babylon, NY, 11702 Listing by Patricia D. Snover

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 6 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 48 Lincoln Street built and last sold?
The property at 48 Lincoln Street was built in 1933 and last sold on Nov 1, 2019 for $677,000.
How much is this home worth?
The estimated value of the home located at 48 Lincoln Street is $705,990.
What are some comparable homes to 48 Lincoln Street?
There are currently no comparable homes to 48 Lincoln Street.
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