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Central Islip 11722 Central Islip
494 Prospect Avenue
$270,000
● House - Off Market

494 Prospect Avenue

Islip, NY 11722
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$547,295
RealtyHop Estimate
85.53%
Since Aug 1, 2014
National-US
Primary Model

About This Property

If You Have Been Looking For A Beautiful, Large Colonial Then Look No Further. This 4 Bedroom, 2.5 Baths Has Been Maticulously Maintained By The Same Original Owners. Full Basement With Finished Rooms, Bath And Outside Entrance. Diningroom Has A Fireplace With A View Of The Expansive Yard With A Large Handcrafted Deck. Taxes With Star 9,446.84., Additional information: Appearance:Excellent+,Separate Hotwater Heater:N
Unit Size
-
Days on Market
-
Land Size
0.38 acres
Price per sqft
-
Property Type
House
Property Taxes
$899
HOA Dues
-
Year Built
1976

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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 #KEYL2639912)

Price History

Date / Event Date Event Price
Mar 16, 2022 Sold
Premium
Sold
Jul 10, 2014 Sold
Premium
Sold
Jan 12, 2014 Listed by Island Advantage Realty LLC $294,990
Listed by Island Advantage Realty LLC

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • 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: 8
  • Basement Area: 700
  • Garage Type: 1
  • Garage Square Area: 418
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,553
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 2,774
  • Building Area: 2,356
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,356
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000380
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: X2216176Y208284 T011H00000000

Neighborhood

  • School District Name: Central Islip Union Free School District
  • School Tax School District: CENTRAL ISLIP
  • Census Tract: 145703

Zoning

  • Zoning: AA

Geography

  • District: 0500-0
  • Section: 50.09
  • Parcel: 0500-097.00-01.00-005.000
  • Block: 7000
  • Lot: 100.005
  • Municipality: ISLIP
  • Latitude: 40.7947
  • Longitude: -73.2186

    Address

  • Full Address: 494 Prospect Ave
  • Address - House Number: 494
  • Address - Street Name: Prospect
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Central Islip
  • Carrier Code: C016
  • 4-Digit Zip Code: 1917
  • Zip Code: 11722

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,101,860
  • Tax Rate Code Area: 472813

    Appraisal Valuation

  • Standard Deviation: 0.2444
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 65
  • Final Value: 560,902
  • High Value: 698,015
  • Low Value: 423,788

    Market Valuation

  • Market Total Value: $471,154
  • Market Land Value: $140,110
  • Market Improvement Value: $331,044

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,300
  • Assessed Land Value: $10,200
  • Assessed Improvements Value: $24,100

    Sales

  • Current Sale Contract Date: Oct 20, 2021
  • Current Sale Recording Date: Mar 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jul 10, 2014
  • Previous Sale Contract Date: Jul 02, 2014
  • Previous Sale Amount: $270,000
  • Previous Sale Document Type: 12
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 Central Islip

Stats & Trends

Median Asking:

$577,000

Sale Price/ft²

$392

Above Asking

0.00%

Average Days on Market

87

Average Home Size

1702 ft²

Average Home Age

57.7 years

Currently For Sale

45 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

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 494 Prospect Avenue built and last sold?
The property at 494 Prospect Avenue was built in 1976 and last sold on Oct 20, 2021 for $500,000.
How much is this home worth?
The estimated value of the home located at 494 Prospect Avenue is $0.
What are some comparable homes to 494 Prospect Avenue?
There are currently no comparable homes to 494 Prospect Avenue.
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