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South Hempstead 11550 South Hempstead
496 Olive Boulevard
$420,000
● House - Off Market

496 Olive Boulevard

Hempstead, NY 11550
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$721,784
RealtyHop Estimate
68.25%
Since Jan 1, 2017
National-US
Primary Model

About This Property

Elegant, Spanish Style Stucco Colonial With 2-Story Lr, Bridal Staircase & Huge Fdr. Updated Kit W/Brkfast Bar Area, Finished Basement W/Full Bath. Gas Heating, In-Ground Sprinklers, Great Backyard With Large Deck For Outdoor Entertaining. House Nestled In Middle Of Block, In Quiet Neighborhood W/Rockville Center Schools., Additional information: Appearance:Excellent
Unit Size
-
Days on Market
-
Land Size
0.14 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,212
HOA Dues
-
Year Built
1928

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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 #KEYL2879426)

Price History

Date / Event Date Event Price
Jan 23, 2017 Sold
Premium
Sold
Dec 20, 2016 Sold
Premium
Sold
Aug 28, 2016 Listed by Weichert REALTORS Quality Home $429,000
Listed by Weichert REALTORS Quality Home
Feb 10, 1998 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 216
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,080
  • Building Area: 2,080
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,080
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP OF ROCKVILLE GARDENS
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 021

Neighborhood

  • School District Name: Rockville Centre Union Free School District
  • School Tax School District: 021
  • Census Tract: 412800

Geography

  • District: 282089
  • Section: 36
  • Parcel: 36-207-00-0305
  • Block: 207
  • Lot: 305
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6807
  • Longitude: -73.6223

    Address

  • Full Address: 496 Olive Blvd
  • Address - House Number: 496
  • Address - Street Name: Olive
  • Address - Suffix Type: Blvd
  • State: NY
  • City Name: South Hempstead
  • Carrier Code: C023
  • 4-Digit Zip Code: 8013
  • Zip Code: 11550

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,312,115
  • Tax Rate Code Area: 420

    Appraisal Valuation

  • Standard Deviation: 0.1676
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 78
  • Final Value: 673,601
  • High Value: 786,561
  • Low Value: 560,642

    Market Valuation

  • Market Total Value: $513,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $513
  • Assessed Land Value: $185
  • Assessed Improvements Value: $328

    Sales

  • Current Sale Contract Date: Dec 20, 2016
  • Current Sale Recording Date: Jan 23, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 201700007522
  • Previous Sale Recording Date: Feb 10, 1998
  • Previous Sale Contract Date: Jan 22, 1998
  • Previous Sale Amount: $150,000
  • 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 South Hempstead

Stats & Trends

Median Asking:

$689,999

Sale Price/ft²

$500

Below Asking

0.02%

Average Days on Market

73

Average Home Size

1542 ft²

Average Home Age

88 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

Unit for rent at 51 Ormond Street, Rockville Centre, NY, 11570

$5,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,537 ft²
51 Ormond Street, Rockville Centre, NY, 11570 Listing by Anne E. Donohoe
Unit for rent at 22 Harrison Avenue, Hempstead, NY, 11550

$3,100 /mo

  • 2 Beds
  • 1 Bath
  • 1,150 ft²
22 Harrison Avenue, Hempstead, NY, 11550 Listing by Denise Kearse CBR E-PRO
Unit for rent at 503 Linden Street, West Hempstead, NY, 11552

$5,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,277 ft²
503 Linden Street, West Hempstead, NY, 11552 Listing by Akan Akpan

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 496 Olive Boulevard built and last sold?
The property at 496 Olive Boulevard was built in 1928 and last sold on Dec 20, 2016 for $420,000.
How much is this home worth?
The estimated value of the home located at 496 Olive Boulevard is $433,290.
What are some comparable homes to 496 Olive Boulevard?
There are currently no comparable homes to 496 Olive Boulevard.
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