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Brightwaters 11718 Brightwaters
488 Lombardy Boulevard
$789,000
● House - Off Market

488 Lombardy Boulevard

Islip, NY 11718
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,910 Ft²
$771,832
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Meticulously Maintained Colonial Situated on a Lovely Tree Lined Street In The Heart Of Brightwaters Village. This Beautiful 3 Bedroom 2.5 Bathroom Home Offers Hardwood Floors Through Out,  A Huge Updated Kitchen With Radiant Heat, Granite Countertops & Stainless Steel Appliances, A Large Master En-Suite With, Family Room With Fire Place, Central Air, Full Finished Basement And A Heated Saltwater Pool With Outdoor Shower, Additional information: Appearance:Diamond,Separate Hotwater Heater:Yes
Unit Size
1,910 Ft²
Days on Market
45 days
Land Size
0.14 acres
Price per sqft
$392
Property Type
House
Property Taxes
$1,253
HOA Dues
-
Year Built
1935

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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 #KEYL3458344)

Price History

Date / Event Date Event Price
Jun 9, 2023 Sold
Premium
Sold
Mar 30, 2023 Sold
Premium
Sold
Feb 24, 2023 In contract -
In contract
Feb 13, 2023 Listed by Better Homes & Gardens RE AS $749,000
Listed by Better Homes & Gardens RE AS
Aug 21, 2018 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Bedroom Count: 0
  • 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: 4
  • Garage Square Area: 240
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,098
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 650
  • Total Building Area: 2,395
  • Building Area: 1,910
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,910
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000140
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: X2204360Y183493 N H00000000

Neighborhood

  • School District Name: Bay Shore Union Free School District
  • School Tax School District: BAY SHORE
  • Census Tract: 147100

Zoning

  • Zoning: NULL

Geography

  • District: 0501-0
  • Section: 50.100
  • Parcel: 0501-004.00-01.00-032.000
  • Block: 4000
  • Lot: 100.032
  • Municipality: ISLIP
  • Latitude: 40.7269
  • Longitude: -73.2622

    Address

  • Full Address: 488 Lombardy Blvd
  • Address - House Number: 488
  • Address - Street Name: Lombardy
  • Address - Suffix Type: Blvd
  • State: NY
  • City Name: Brightwaters
  • Carrier Code: C001
  • 4-Digit Zip Code: 1008
  • Zip Code: 11718

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,508,204
  • Tax Rate Code Area: 472801

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 731,831
  • High Value: 837,410
  • Low Value: 626,251

    Market Valuation

  • Market Total Value: $541,475
  • Market Land Value: $92,166
  • Market Improvement Value: $449,309

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $47,000
  • Assessed Land Value: $8,000
  • Assessed Improvements Value: $39,000

    Sales

  • Current Sale Contract Date: Mar 30, 2023
  • Current Sale Recording Date: Jun 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 21, 2018
  • Previous Sale Contract Date: Jul 23, 2018
  • Previous Sale Amount: $575,000
  • 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 Brightwaters

Stats & Trends

Median Asking:

$847,500

Sale Price/ft²

$432

Below Asking

0.02%

Average Days on Market

73

Average Home Size

2991 ft²

Average Home Age

81.4 years

Currently For Sale

7 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 53 Mowbray Avenue, Bay Shore, NY, 11706

$6,800 /mo

  • 3 Beds
  • 2 Baths
  • 2,040 ft²
53 Mowbray Avenue, Bay Shore, NY, 11706 Listing by Nicholas Campasano
Unit for rent at 319 Brook Avenue, Bay Shore, NY, 11706

$3,025 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
319 Brook Avenue #3191B, Bay Shore, NY, 11706 Listing by Michelle Holmes
Unit for rent at 72 South Clinton Avenue, Bay Shore, NY, 11706

$2,425 /mo

  • 1 Bed
  • 1 Bath
  • 500 ft²
72 South Clinton Avenue #1B, Bay Shore, NY, 11706 Listing by Michelle Holmes

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 488 Lombardy Boulevard built and last sold?
The property at 488 Lombardy Boulevard was built in 1935 and last sold on Mar 30, 2023 for $789,000.
How much is this home worth?
The estimated value of the home located at 488 Lombardy Boulevard is $760,201.
What are some comparable homes to 488 Lombardy Boulevard?
There are currently no comparable homes to 488 Lombardy Boulevard.
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