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Lake Success 11020 Lake Success
5 Bowers Lane
$1,098,000
● House - Off Market

5 Bowers Lane

North Hempstead, NY 11020
bedrooms
5 Beds
bathrooms
3 Baths
$1,926,246
RealtyHop Estimate
63.94%
Since Jun 1, 2015
NY-New York
Primary Model

About This Property

Great Neck Sth Schools & Lake Success Golf Club. Sprawling Ex-Ran Fully Renovated In 2004. Sunny Southern Exposure Formal Lr/Dr.Designer Eik. Master On Main. Large Den W/Mexican Terracotta Flrs New Roof Anderson Thermopane Windows New Oil Burner & Hw Heater Alarms, Lawn Sprinklers Lge Patio Koi Pond & Waterfall Finished & Heated 2 Car Garage 3 Attic Storge.Prof Landscaping, Additional information: Appearance:Mint,Separate Hotwater Heater:Y
Unit Size
-
Days on Market
-
Land Size
0.27 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,259
HOA Dues
-
Year Built
1953

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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 #KEYL2724394)

Price History

Date / Event Date Event Price
May 19, 2015 Sold
Premium
Sold
Dec 3, 2014 Listed by Edna Mashaal Realty LLC $1,175,000
Listed by Edna Mashaal Realty LLC

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 5
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,543
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 1,160
  • Total Building Area: 2,315
  • Building Area: 2,315
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,315
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000265
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: 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: SU
  • Census Tract: 300901

Geography

  • District: 282219
  • Section: 2
  • Parcel: 02-321-00-0017
  • Block: 321
  • Lot: 17
  • Municipality: LAKE SUCCESS
  • Latitude: 40.7803
  • Longitude: -73.7137

    Address

  • Full Address: 5 Bowers Ln
  • Address - House Number: 5
  • Address - Street Name: Bowers
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Great Neck
  • Carrier Code: C069
  • 4-Digit Zip Code: 1407
  • Zip Code: 11020

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,456,306
  • Tax Rate Code Area: 760

    Appraisal Valuation

  • Standard Deviation: 0.1809
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 76
  • Final Value: 1,449,133
  • High Value: 1,711,341
  • Low Value: 1,186,924

    Market Valuation

  • Market Total Value: $1,053,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,053
  • Assessed Land Value: $630
  • Assessed Improvements Value: $423

    Sales

  • Current Sale Contract Date: May 14, 2015
  • Current Sale Recording Date: May 19, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2015051901546
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:

$1,300,000

Sale Price/ft²

$652

Below Asking

0.01%

Average Days on Market

102

Average Home Size

2740 ft²

Average Home Age

63.9 years

Currently For Sale

132 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 27 Upland Road, Great Neck, NY, 11020

$5,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,832 ft²
27 Upland Road, Great Neck, NY, 11020 Listing by Christine C. Seo SFR
Unit for rent at 5 Elm Street, Great Neck, NY, 11021

$5,800 /mo

  • 4 Beds
  • 3 Baths
  • 2,183 ft²
5 Elm Street, Great Neck, NY, 11021 Listing by Edna Mashaal
Unit for rent at 167 Old Mill Road, Manhasset, NY, 11030

$6,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,434 ft²
167 Old Mill Road, Manhasset, NY, 11030 Listing by Wen Chyi Wu

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 5 Bowers Lane built and last sold?
The property at 5 Bowers Lane was built in 1953 and last sold on May 14, 2015 for $1,098,000.
How much is this home worth?
The estimated value of the home located at 5 Bowers Lane is $1,186,750.
What are some comparable homes to 5 Bowers Lane?
There are currently no comparable homes to 5 Bowers Lane.
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