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Wading River 11792
5 Oak Lane
Photo of 5 Oak Lane
Sold on Oct 11, 2025

39

Map

Photo of 5 Oak Lane
Photo of 5 Oak Lane
$585
● House - Off Market

5 Oak Lane

Riverhead, NY 11792
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,475 Ft²
$3,969
Est. Monthly
$25
HOA / Fees
4.28%
Cap Rate

About This Property

Charming home located in the quaint beach front community of Wading River Shores. Exclusive neighborhood of 48 homes with private deeded beach rights on the LI Sound. Located in the sought after school district of Shoreham Wading River this home is ideal for year round living or a summer retreat.  The well maintained home has unique touches throughout. The free form wrap around deck,  accessible from the dining room or mud room is perfect for family gatherings. Upgraded large hardwood windows keep the home bright and airy.  Hardwood floors, solid wood doors, vaulted ceilings and exposed beams provide natural beauty. Wood burning fireplace nestled between display cases provide a subtle architectural element. Cherry wood kitchen cabinets and a spacious pantry allow for plenty of storage.
Unit Size
1,475 Ft²
Days on Market
225 days
Land Size
0.16 acres
Price per sqft
$407
Property Type
House
Property Taxes
$997
HOA Dues
$25
Year Built
1940

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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: 12 months ago (OneKey MLS #KEY829067)

Price History

Date / Event Date Event Price
Oct 11, 2025 Sold
Premium
Sold
Aug 14, 2025 In contract -
In contract
May 19, 2025 Price Decreased $599,990
↓ $25K (4%)
Price Decreased
Feb 28, 2025 Listed by Coldwell Banker American Homes $625,000
Listed by Coldwell Banker American Homes

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 5
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 324
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,970
  • Lot Size Frontage Feet: 842
  • Total Building Area: 1,476
  • Building Area: 1,476
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,476
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000160
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: NX SELF EX OAK LANE SX N SIDE RD WX PFEIER

Neighborhood

  • School District Name: Shoreham-Wading River Central School District
  • School Tax School District: SHOREHAM-WADING
  • Census Tract: 169701

Zoning

  • Zoning: 02 - SINGL

Geography

  • Account Number: 39
  • District: 0600-0
  • Section: 25.00
  • Parcel: 0600-025.00-01.00-019.002
  • Block: 1
  • Lot: 19.002
  • Municipality: RIVERHEAD
  • Latitude: 40.9662
  • Longitude: -72.8426

    Address

  • Full Address: 5 Oak Ln
  • Address - House Number: 5
  • Address - Street Name: Oak
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Wading River
  • Carrier Code: R005
  • 4-Digit Zip Code: 1105
  • Zip Code: 11792

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $579,084
  • Tax Rate Code Area: 473001

    Appraisal Valuation

  • Standard Deviation: 0.2692
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 61
  • Final Value: 637,953
  • High Value: 809,698
  • Low Value: 466,208

    Market Valuation

  • Market Total Value: $468,246
  • Market Land Value: $69,968
  • Market Improvement Value: $398,278

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $43,500
  • Assessed Land Value: $6,500
  • Assessed Improvements Value: $37,000
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 Wading River

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$369

Below Asking

0.02%

Average Days on Market

93

Average Home Size

2247 ft²

Average Home Age

55 years

Currently For Sale

31 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: 12 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 5 Oak Lane built and last sold?
The property at 5 Oak Lane was built in 1940 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5 Oak Lane is $0.
What are some comparable homes to 5 Oak Lane?
There are currently no comparable homes to 5 Oak Lane.
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