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Aquebogue 11901
48 West Lane
$565,407
● House - Off Market

48 West Lane

Riverhead, NY 11901
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,392 Ft²
$588,614
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Solid. simple. 60's.    Plenty of potential to make it  shine as a starter home,"get-a-way" or investment property. Situated on a parklike shy acre with room for a pool. Near all the North Fork has to offer., Additional information: Appearance:Good
Unit Size
1,392 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$402
Property Type
House
Property Taxes
$800
HOA Dues
-
Year Built
1963

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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 #KEYL3349719)

Price History

Date / Event Date Event Price
Jul 14, 2023 Sold
Premium
Sold
Feb 15, 2022 Sold
Premium
Sold
Nov 9, 2021 In contract -
In contract
Nov 9, 2021 Relisted $559,000
Relisted
Oct 30, 2021 In contract -
In contract
Show More

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 17
  • 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: 1
  • Garage Square Area: 616
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,075
  • Lot Size Frontage Feet: 2,108
  • Total Building Area: 1,597
  • Building Area: 1,597
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,597
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000920
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: MNR SUBX FRANK ZOLTOWSKI & HELEN ZOLTOWSKI FILED 9/20/89 MAP # 8816 LOT 2

Neighborhood

  • School District Name: Riverhead Central School District
  • School Tax School District: RIVERHEAD
  • Census Tract: 169906

Zoning

  • Zoning: 04 - FARM

Geography

  • Account Number: 34
  • District: 0600-0
  • Section: 67.00
  • Parcel: 0600-067.00-01.00-006.010
  • Block: 1
  • Lot: 6.010
  • Municipality: RIVERHEAD
  • Latitude: 40.9485
  • Longitude: -72.6222

    Address

  • Full Address: 48 Witt Ln
  • Address - House Number: 48
  • Address - Street Name: Witt
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Aquebogue
  • Zip Code: 11931

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $984,076
  • Tax Rate Code Area: 473002

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 82
  • Final Value: 548,793
  • High Value: 627,966
  • Low Value: 469,620

    Market Valuation

  • Market Total Value: $520,991
  • Market Land Value: $145,318
  • Market Improvement Value: $375,673

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $48,400
  • Assessed Land Value: $13,500
  • Assessed Improvements Value: $34,900

    Sales

  • Current Sale Contract Date: Feb 15, 2023
  • Current Sale Recording Date: Jul 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jan 10, 2018
  • Previous Sale Amount: $100,000
  • 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 Aquebogue

Stats & Trends

Median Asking:

$899,500

Sale Price/ft²

$524

Below Asking

0.04%

Average Days on Market

92

Average Home Size

2563 ft²

Average Home Age

44.2 years

Currently For Sale

14 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 28 Whites Lane, Aquebogue, NY, 11931

$3,500 /mo

  • 2 Beds
  • 1 Bath
  • 700 ft²
28 Whites Lane, Aquebogue, NY, 11931 Listing by James Bissett

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 West Lane built and last sold?
The property at 48 West Lane was built in 1963 and last sold on Feb 15, 2023 for $576,715.
How much is this home worth?
The estimated value of the home located at 48 West Lane is $582,575.
What are some comparable homes to 48 West Lane?
There are currently no comparable homes to 48 West Lane.
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