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Great Neck Gardens 11023 Great Neck Gardens
5 Andover Road
$2,120,000
● House - Off Market

5 Andover Road

North Hempstead, NY 11023
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,000 Ft²
$3,553,336
RealtyHop Estimate
63.90%
Since Mar 1, 2016
NY-New York
Primary Model

About This Property

Luxurious All Brick Center Hall Colonial,Grand Scaled 9' High Ceiling Rooms Throughout,Marble 2 Story Entrance,Oak Hardwd  Floors,Radiant Heat,Crown Moldings,French Doors,Lots Of Natural Light Through Large Pella Windows,Huge Gourmet Granite Kitchen/Breakfast Area Opens To Brick Patio,Lovely Private Backyard.Quiet Block, Near Worship,Transportation,Easy Access To Highways., Additional information: Appearance:Brand New,Separate Hotwater Heater:Y
Unit Size
4,000 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$542
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2016

Payment Calculator

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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 #KEYL2780963)

Price History

Date / Event Date Event Price
Mar 10, 2016 Sold
Premium
Sold
Jul 15, 2015 Listed by Exit Realty Universal $2,168,000
Listed by Exit Realty Universal

Property Highlights

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: 3
  • Building Quality: 3
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 194
  • Garage Type: 7
  • Garage Square Area: 240
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,572
  • Total Building Area: 3,634
  • Building Area: 3,634
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,634
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP OF GREAT NECK GARDENS
  • Land Acres: 0000000243
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: LOTS 626A,626B TOWN #2 SCH DIST 007

Neighborhood

  • School District Name: Great Neck Union Free School District
  • School Tax School District: 007
  • School Tax District Code 2: GN
  • Census Tract: 300600

Geography

  • District: 282209
  • Section: 1
  • Parcel: 01-104-00-0626-A
  • Block: 104
  • Lot: 626
  • Municipality: GREAT NECK
  • Latitude: 40.7991
  • Longitude: -73.7235

    Address

  • Full Address: 5 Andover Rd
  • Address - House Number: 5
  • Address - Street Name: Andover
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Great Neck
  • Carrier Code: C048
  • 4-Digit Zip Code: 1615
  • Zip Code: 11023

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,727,508
  • Tax Rate Code Area: 825 817

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 1,805,559
  • High Value: 2,096,924
  • Low Value: 1,514,193

    Market Valuation

  • Market Total Value: $1,562,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,562
  • Assessed Land Value: $467
  • Assessed Improvements Value: $1,095

    Sales

  • Current Sale Contract Date: Feb 18, 2016
  • Current Sale Recording Date: Mar 10, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 201600024157
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 Great Neck

Stats & Trends

Median Asking:

$1,295,000

Sale Price/ft²

$652

Below Asking

0.01%

Average Days on Market

100

Average Home Size

3325 ft²

Average Home Age

64.8 years

Currently For Sale

138 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 12 Bond Street, Great Neck, NY, 11021

$6,999 /mo

  • 2 Beds
  • 2 Baths
12 Bond Street #5B, Great Neck, NY, 11021 Listing by Jouliet Mairzadeh Sakhai
Unit for rent at 92 Hillside Avenue, Manhasset, NY, 11030

$7,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,542 ft²
92 Hillside Avenue, Manhasset, NY, 11030 Listing by Susan S. Higgins
Unit for rent at 5 Gilbert Road, Great Neck, NY, 11024

$8,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,908 ft²
5 Gilbert Road, Great Neck, NY, 11024 Listing by Janet Etessami

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 5 Andover Road built and last sold?
The property at 5 Andover Road was built in 2016 and last sold on Feb 18, 2016 for $2,128,480.
How much is this home worth?
The estimated value of the home located at 5 Andover Road is $2,189,083.
What are some comparable homes to 5 Andover Road?
There are currently no comparable homes to 5 Andover Road.
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