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Jericho 11753 Jericho
50 Fair Lane
$705,000
● House - Off Market

50 Fair Lane

Oyster Bay, NY 11753
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,596 Ft²
$1,089,697
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model

About This Property

Jericho - Perfect! Bright, Immaculate And Spacious 4 Bedroom Split In E. Birchwood. Expanded Entry Foyer, Updated Eik With Open Plan Concept, Granite, Stainless/Steel Appliances, Skylight, Sliders To Large Deck. Living Room W/Vaulted Ceiling And Skylight. Large Family Room. Hw Floors, Cac, Igs. Professionally Landscaped. Beautiful Property. Syosset Schools. Must See!, Additional information: Appearance:Mint++,Business Located At:,Rental Income:,Separate Hotwater Heater:Yes
Unit Size
1,596 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$450
Property Type
House
Property Taxes
$1,365
HOA Dues
-
Year Built
1958

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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 #KEYL3005751)

Price History

Date / Event Date Event Price
Dec 7, 2018 Sold
Premium
Sold
Feb 20, 2018 Listed by Douglas Elliman Real Estate $718,000
Listed by Douglas Elliman Real Estate

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 362
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 850
  • Total Building Area: 1,596
  • Building Area: 1,596
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,596
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000195
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #3 SCH DIST 014

Neighborhood

  • School District Name: Syosset Central School District
  • School Tax School District: 014
  • Census Tract: 518600

Geography

  • District: 282489
  • Section: 12
  • Parcel: 12-582-00-0016
  • Block: 582
  • Lot: 16
  • Municipality: OYSTER BAY UNINCORPORATED
  • Latitude: 40.7985
  • Longitude: -73.5196

    Address

  • Full Address: 50 Fair Ln
  • Address - House Number: 50
  • Address - Street Name: Fair
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Jericho
  • Carrier Code: C015
  • 4-Digit Zip Code: 2310
  • Zip Code: 11753

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,825,425
  • Tax Rate Code Area: 588

    Appraisal Valuation

  • Standard Deviation: 0.1777
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 77
  • Final Value: 961,838
  • High Value: 1,132,822
  • Low Value: 790,854

    Market Valuation

  • Market Total Value: $703,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $703
  • Assessed Land Value: $419
  • Assessed Improvements Value: $284

    Sales

  • Current Sale Contract Date: Nov 27, 2018
  • Current Sale Recording Date: Dec 07, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2018-108119
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 Jericho

Stats & Trends

Median Asking:

$1,280,000

Sale Price/ft²

$594

Below Asking

0.02%

Average Days on Market

92

Average Home Size

2875 ft²

Average Home Age

53.7 years

Currently For Sale

39 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 49 Miller Boulevard, Syosset, NY, 11791

$8,800 /mo

  • 4 Beds
  • 3 Baths
  • 1,903 ft²
49 Miller Boulevard, Syosset, NY, 11791 Listing by Laura Yitzu Chen
Unit for rent at 14 Willis Ave, Syosset, NY, 11791

$2,975 /mo

  • 1 Bed
  • 1 Bath
  • 915 ft²
14 Willis Ave, Syosset, NY, 11791 Listing by John Danzig
Unit for rent at 14 Hicks Avenue, Syosset, NY, 11791

$5,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,071 ft²
14 Hicks Avenue, Syosset, NY, 11791 Listing by Batul N. Morbi GRI

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 50 Fair Lane built and last sold?
The property at 50 Fair Lane was built in 1958 and last sold on Nov 27, 2018 for $705,000.
How much is this home worth?
The estimated value of the home located at 50 Fair Lane is $738,232.
What are some comparable homes to 50 Fair Lane?
There are currently no comparable homes to 50 Fair Lane.
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