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Gilgo 11702 Jones Beach Island
48 Ocean Walk
$332,500
● House - Off Market

48 Ocean Walk

Babylon, NY 11702
bedrooms
4 Beds
bathrooms
2 Baths
$564,988
RealtyHop Estimate
46.75%
Since Aug 1, 2019
National-US
Primary Model

About This Property

Ocean And Bay Views From The Decks. Sandy Beach, Marina, Assoc. Tennis Courts, And Playground Are Yours To Enjoy Beach Living. Guests Relish In A Separate Private Bedroom And Bath With Deck Access. Master Bedroom On Upper Level Has Outstanding Panoramic Water Views. Enjoy Swimming, Surfing, Fishing, Being On The Beach,Or Just Relaxing With A Book To The Sound Of The Surf. Under An Hour To Nyc, Additional information: Appearance:Good,ExterioFeatures:Tennis,Interior Features:Lr/Dr,Separate Hotwater Heater:Yes
Unit Size
-
Days on Market
-
Land Size
0.20 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,109
HOA Dues
-
Year Built
-

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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: 4 months ago (OneKey MLS #KEYL3029512)

Price History

Date / Event Date Event Price
Jul 23, 2019 Sold
Premium
Sold
Feb 25, 2019 No longer available -
No longer available
Feb 23, 2019 In contract -
In contract
Jun 19, 2018 Listed by Eric G Ramsay Jr Assoc LLC $385,000
Listed by Eric G Ramsay Jr Assoc LLC
Ocean And Bay Views From The Decks. Sandy Beach, Marina, Assoc. Tennis Courts, And Playground Are Yours To Enjoy Beach Living. Guests Relish In A Separate Private Bedroom And Bath With Deck Access. Master Bedroom On Upper Level Has Outstanding Panoramic Water Views. Enjoy Swimming, Surfing, Fishing, Being On The Beach,Or Just Relaxing With A Book To The Sound Of The Surf. Under An Hour To Nyc
May 11, 2018 Listed by Eric G Ramsay Jr Assoc LLC $385,000
Listed by Eric G Ramsay Jr Assoc LLC

Property Highlights

With View

Building Info

Overview

    General

  • 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: 8,850
  • Lot Size Depth Feet: 1,180
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,435
  • Building Area: 1,435
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,435
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SECTION A WEST GILGO
  • Land Acres: 0000000203
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: SEC. A WEST GILGO LOT 9 BUILDING ON LEASED GROUND

Neighborhood

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

Zoning

  • Zoning: B

Geography

  • Account Number: 20233002370
  • District: 0100-2
  • Section: 240.00
  • Parcel: 0100-240.00-01.00-152.000
  • Block: 1
  • Lot: 152.000
  • Municipality: BABYLON
  • Latitude: 40.6119
  • Longitude: -73.4225

    Address

  • Full Address: 48 Ocean Walk
  • Address - House Number: 48
  • Address - Street Name: Ocean
  • Address - Suffix Type: Walk
  • State: NY
  • City Name: Babylon
  • Zip Code: 11702

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,401,625
  • Tax Rate Code Area: 472001

    Appraisal Valuation

  • Standard Deviation: 0.2314
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 53
  • Final Value: 425,929
  • High Value: 524,516
  • Low Value: 327,341

    Market Valuation

  • Market Total Value: $6,334
  • Market Land Value: $455
  • Market Improvement Value: $5,879

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,180
  • Assessed Land Value: $300
  • Assessed Improvements Value: $3,880
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 Jones Beach Island

Stats & Trends

Median Asking:

$1,150,000

Sale Price/ft²

$541

Above Asking

0.00%

Average Days on Market

98

Average Home Size

1726 ft²

Average Home Age

105 years

Currently For Sale

2 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

Rentals Near You

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OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 48 Ocean Walk built and last sold?
The property at 48 Ocean Walk was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 48 Ocean Walk is $388,850.
What are some comparable homes to 48 Ocean Walk?
There are currently no comparable homes to 48 Ocean Walk.
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