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Northville 11901
50 Phillips Lane
Photo of 50 Phillips Lane
Sold on Aug 25, 2022

19

Map

Photo of 50 Phillips Lane
Photo of 50 Phillips Lane
$465,000
● House - Off Market

50 Phillips Lane

Riverhead, NY 11901
bedrooms
2 Beds
bathrooms
1 Bath
square feet
828 Ft²
$501,448
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

This wonderful mint North Fork ranch style cottage with lovely backyard is awaiting your arrival! Move right in this 2 bedroom cutie and enjoy close proximity to beautiful beaches, wineries, farmstands and the quaint town of Aquebogue. This home features a brand new kitchen, and many additional updates. Set back from the road with a nice front yard, it also has a huge backyard  with two sheds, fire pit, garden area, and plenty of room for a pool. The patio is perfect for barbecues or star gazing on quiet evenings. Welcome to your move in ready home on the beautiful North Fork!, Additional information: Appearance:Excellent,Interior Features:Lr/Dr
Unit Size
828 Ft²
Days on Market
47 days
Land Size
0.40 acres
Price per sqft
$586
Property Type
House
Property Taxes
$488
HOA Dues
-
Year Built
1963

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 2 years ago (OneKey MLS #KEYL3412820)

Price History

Date / Event Date Event Price
Jan 5, 2024 Sold
Premium
Sold
Oct 28, 2022 Sold
Premium
Sold
Aug 25, 2022 Sold
Premium
Sold
Jul 21, 2022 In contract -
In contract
Jul 2, 2022 Listed by Douglas Elliman Real Estate $485,000
Listed by Douglas Elliman Real Estate
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 5
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 288
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,424
  • Lot Size Depth Feet: 2,300
  • Lot Size Frontage Feet: 760
  • Total Building Area: 828
  • Building Area: 828
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 828
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000400
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: NX MILLER EX SCOTT SX HEATH WX PHILLIPS LA

Neighborhood

  • School District Name: Riverhead Central School District
  • School Tax School District: RIVERHEAD
  • Census Tract: 169906

Zoning

  • Zoning: 04 - FARM

Geography

  • Account Number: 34
  • District: 0600-0
  • Section: 46.00
  • Parcel: 0600-046.00-01.00-010.000
  • Block: 1
  • Lot: 10.000
  • Municipality: RIVERHEAD
  • Latitude: 40.9583
  • Longitude: -72.623

    Address

  • Full Address: 50 Phillips Ln
  • Address - House Number: 50
  • Address - Street Name: Phillips
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Riverhead
  • Carrier Code: R002
  • 4-Digit Zip Code: 5523
  • Zip Code: 11901

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $588,739
  • Tax Rate Code Area: 473002

    Appraisal Valuation

  • Standard Deviation: 0.2472
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 65
  • Final Value: 633,470
  • High Value: 790,087
  • Low Value: 476,853

    Market Valuation

  • Market Total Value: $302,476
  • Market Land Value: $82,885
  • Market Improvement Value: $219,591

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $28,100
  • Assessed Land Value: $7,700
  • Assessed Improvements Value: $20,400

    Sales

  • Current Sale Contract Date: Oct 04, 2023
  • Current Sale Recording Date: Jan 05, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Oct 28, 2022
  • Previous Sale Contract Date: Aug 25, 2022
  • Previous Sale Amount: $465,000
  • 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 Northville

Stats & Trends

Median Asking:

$875,000

Sale Price/ft²

$407

Below Asking

0.01%

Average Days on Market

68

Average Home Size

2544 ft²

Average Home Age

80.1 years

Currently For Sale

8 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

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OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 50 Phillips Lane built and last sold?
The property at 50 Phillips Lane was built in 1963 and last sold on Oct 4, 2023 for $1,034,000.
How much is this home worth?
The estimated value of the home located at 50 Phillips Lane is $0.
What are some comparable homes to 50 Phillips Lane?
There are currently no comparable homes to 50 Phillips Lane.
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