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Oceanside 11572 Oceanside
506 Silver Lane
$701,000
● House - Off Market

506 Silver Lane

Oceanside, NY 11572
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$793,504
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Mint Spacious 4 Bed 3.5 Bath Colonial Home with Open Plan Concept , Living Room, Dining Room Eat in Kitchen Hardwood Floors , Laundry and Mudroom . 2nd Floor Boasts 4 Spacious Bedrooms  with Huge Ensuite Master . Large Finished Basement with Walk Out to Private Secluded Mature Garden for Family Gatherings. This Home is oozing with  Pride of Ownership . Must be seen .
Unit Size
-
Days on Market
122 days
Land Size
0.14 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,320
HOA Dues
-
Year Built
1978

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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: 3 years ago (OneKey MLS #ONE3309186)

Price History

Date / Event Date Event Price
Sep 29, 2021 Sold
Premium
Sold
Jun 9, 2021 Price Decreased $699,000
↓ $16K (2.2%)
Price Decreased
May 21, 2021 Price Increased $714,999
↑ $16K (2.3%)
Price Increased
May 3, 2021 Listed by Verdeschi & Walsh Realty LLC $699,000
Listed by Verdeschi & Walsh Realty LLC
Apr 11, 2006 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Total Rooms: 9
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 264
  • Garage Type: 7
  • Garage Square Area: 240
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,106
  • Lot Size Depth Feet: 860
  • Lot Size Frontage Feet: 710
  • Total Building Area: 2,247
  • Building Area: 2,247
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,247
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000140
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 011

Neighborhood

  • School District Name: Oceanside Union Free School District
  • School Tax School District: 011
  • Census Tract: 413001

Geography

  • District: 282089
  • Section: 38
  • Parcel: 38-540-00-0002
  • Block: 540
  • Lot: 2
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6443
  • Longitude: -73.6518

    Address

  • Full Address: 506 Silver Ln
  • Address - House Number: 506
  • Address - Street Name: Silver
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Oceanside
  • Carrier Code: C042
  • 4-Digit Zip Code: 1941
  • Zip Code: 11572

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,533,294
  • Tax Rate Code Area: 129

    Appraisal Valuation

  • Standard Deviation: 0.1766
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 77
  • Final Value: 815,790
  • High Value: 959,923
  • Low Value: 671,657

    Market Valuation

  • Market Total Value: $655,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $655
  • Assessed Land Value: $204
  • Assessed Improvements Value: $451

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 02, 2021
  • Current Sale Recording Date: Sep 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2021-126807
  • Previous Sale Recording Date: Apr 11, 2006
  • Previous Sale Contract Date: Feb 10, 2006
  • Previous Sale Amount: $583,000
  • 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 Oceanside

Stats & Trends

Median Asking:

$749,000

Sale Price/ft²

$456

Below Asking

0.01%

Average Days on Market

90

Average Home Size

1952 ft²

Average Home Age

67.8 years

Currently For Sale

78 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 57 Earle Ave, Lynbrook, NY, 11563

$4,500 /mo

  • 3 Beds
  • 1 Bath
57 Earle Ave #1STFLOOR, Lynbrook, NY, 11563 Listing by Karen A. Elefante
Unit for rent at 161 Union Avenue, Lynbrook, NY, 11563

$4,500 /mo

  • 2 Beds
  • 2 Baths
  • 900 ft²
161 Union Avenue #5, Lynbrook, NY, 11563 Listing by Sergey Borohov

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 3 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 506 Silver Lane built and last sold?
The property at 506 Silver Lane was built in 1978 and last sold on Sep 2, 2021 for $701,000.
How much is this home worth?
The estimated value of the home located at 506 Silver Lane is $705,990.
What are some comparable homes to 506 Silver Lane?
There are currently no comparable homes to 506 Silver Lane.
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