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Ridge 11961 Ridge
5 E Margin Road
$515,000
● House - Off Market

5 E Margin Road

Brookhaven, NY 11961
bedrooms
4 Beds
bathrooms
2 Baths
$495,579
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Absolutely beautifully updated colonial horse property sitting on just shy of an acre lot (.98 Acre). This property features a beautifully updated Eat In Kitchen, Spacious Living Room, Den Area, Laundry Room, 2 full bathrooms (1 Upstairs/1 Downstairs), Upstairs bathroom comes with a Safe Step Handicap Accessible Jacuzzi Tub. 4 Bedrooms upstairs.Beautiful hardwood floors. Hot water heater & boiler are 3 years old. Central Air condensers are brand new.  1 Car garage that is double sided (excellent for transfer of horses,etc.), Huge entertainers backyard fully fenced & sectioned into 4 sections with a 22x44 Salt Water pool + Waterfall, and bar/patio area. Come see how amazing this property really is!
Unit Size
-
Days on Market
85 days
Land Size
0.98 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,045
HOA Dues
-
Year Built
1975

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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 #KEYL3389136)

Price History

Date / Event Date Event Price
Aug 11, 2022 Sold
Premium
Sold
Jun 30, 2022 Sold
Premium
Sold
Jun 30, 2022 Relisted $489,900
Relisted
Apr 20, 2022 In contract -
In contract
Apr 20, 2022 Relisted $335,000
Relisted
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 42,689
  • Total Building Area: 930
  • Building Area: 930
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 930
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIDGE
  • Land Acres: 0000000980
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: N KUSHANIAN & ORS E NAFTAL ASSOC S MICHELI W E MARGIN T10104

Neighborhood

  • School District Name: Longwood Central School District
  • School Tax School District: LONGWOOD
  • Census Tract: 158710

Geography

  • Assessors Map Reference: MAP 8700000
  • Account Number: 00008734067
  • District: 0200-2
  • Section: 297.00
  • Parcel: 0200-297.00-01.00-015.001
  • Block: 1
  • Lot: 15.001
  • Municipality: BROOKHAVEN
  • Latitude: 40.9047
  • Longitude: -72.8536

    Address

  • Full Address: 5 E Margin Rd
  • Address - House Number: 5
  • Street Direction: E
  • Address - Street Name: Margin
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Ridge
  • Carrier Code: R008
  • 4-Digit Zip Code: 2996
  • Zip Code: 11961

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 472212

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 479,309
  • High Value: 548,458
  • Low Value: 410,160

    Market Valuation

  • Market Total Value: $5,324
  • Market Land Value: $648
  • Market Improvement Value: $4,676

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,875
  • Assessed Land Value: $350
  • Assessed Improvements Value: $2,525

    Sales

  • Current Sale Contract Date: Jun 30, 2022
  • Current Sale Recording Date: Aug 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 20, 2018
  • Previous Sale Contract Date: May 24, 2018
  • Previous Sale Amount: $335,000
  • 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 Ridge

Stats & Trends

Median Asking:

$489,999

Sale Price/ft²

$365

Below Asking

0.01%

Average Days on Market

81

Average Home Size

1469 ft²

Average Home Age

45.8 years

Currently For Sale

43 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

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OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 5 East Margin Road built and last sold?
The property at 5 East Margin Road was built in 1975 and last sold on Jun 30, 2022 for $515,000.
How much is this home worth?
The estimated value of the home located at 5 East Margin Road is $494,799.
What are some comparable homes to 5 East Margin Road?
There are currently no comparable homes to 5 East Margin Road.
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