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Lake Ronkonkoma 11767 Lake Ronkonkoma
51 Walter Drive
$460,000
● House - Off Market

51 Walter Drive

Smithtown, NY 11767
bedrooms
3 Beds
bathrooms
2 Baths
$595,625
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

Charming Completely Renovated Cape. Light & Bright! Open Concept Home, Complete With Stainless Steel Appliances, Hi- Hats, Vaulted Ceilings, Updated Bathrooms, Hard Wood Floors, New Carpeting, New Anderson Windows, Newer Roof, Central Air. Get In While You Can! Sachem Schools. Come Make This Home Your Own!, Additional information: Appearance:DIAMOND+++,Interior Features:Guest Quarters,Lr/Dr,Separate Hotwater Heater:Yes
Unit Size
-
Days on Market
-
Land Size
0.18 acres
Price per sqft
-
Property Type
House
Property Taxes
$881
HOA Dues
-
Year Built
1965

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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 #KEYL3253229)

Price History

Date / Event Date Event Price
Mar 1, 2021 Sold
Premium
Sold
Oct 8, 2020 No longer available -
No longer available
Oct 7, 2020 In contract -
In contract
Sep 18, 2020 Listed by Signature Premier Properties $479,000
Listed by Signature Premier Properties
Charming Completely Renovated Cape. Light & Bright! Open Concept Home, Complete With Stainless Steel Appliances, Hi- Hats, Vaulted Ceilings, Updated Bathrooms, Hard Wood Floors, New Carpeting, New Anderson Windows, Newer Roof, Central Air. Get In While You Can! Sachem Schools. Come Make This Home Your Own!
Aug 13, 2020 Listed by Signature Premier Properties $479,000
Listed by Signature Premier Properties

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 10
  • Garage Square Area: 775
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 1,539
  • Building Area: 1,539
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,539
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: 170.-2-1.6 STEUBEN PARK SEC A LTS 1 TO 4 BLK 6

Neighborhood

  • School District Name: Sachem Central School District
  • School Tax School District: SACHEM
  • Census Tract: 135403

Geography

  • District: 0800-1
  • Section: 170.00
  • Parcel: 0800-170.00-02.00-001.006
  • Block: 2
  • Lot: 1.006
  • Municipality: SMITHTOWN
  • Latitude: 40.8385
  • Longitude: -73.1323

    Address

  • Full Address: 51 Walter Dr
  • Address - House Number: 51
  • Address - Street Name: Walter
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Nesconset
  • Carrier Code: C010
  • 4-Digit Zip Code: 3042
  • Zip Code: 11767

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,112,523
  • Tax Rate Code Area: 472205

    Appraisal Valuation

  • Standard Deviation: 0.2691
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 61
  • Final Value: 644,195
  • High Value: 817,586
  • Low Value: 470,803

    Market Valuation

  • Market Total Value: $5,460
  • Market Land Value: $460
  • Market Improvement Value: $5,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,750
  • Assessed Land Value: $400
  • Assessed Improvements Value: $4,350
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 Lake Ronkonkoma

Stats & Trends

Median Asking:

$649,999

Sale Price/ft²

$392

Below Asking

0.01%

Average Days on Market

78

Average Home Size

1761 ft²

Average Home Age

46.8 years

Currently For Sale

33 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 5 Williams Boulevard, Lake Grove, NY, 11755

$2,610 /mo

  • 1 Bed
  • 1 Bath
  • 690 ft²
5 Williams Boulevard #51H, Lake Grove, NY, 11755 Listing by Michelle Holmes
Unit for rent at 6 Williams Boulevard, Lake Grove, NY, 11755

$2,610 /mo

  • 1 Bed
  • 1 Bath
  • 690 ft²
6 Williams Boulevard #061M, Lake Grove, NY, 11755 Listing by Michelle Holmes
Unit for rent at 24 Williams Boulevard, Lake Grove, NY, 11755

$2,655 /mo

  • 1 Bed
  • 1 Bath
  • 745 ft²
24 Williams Boulevard #242F, Lake Grove, NY, 11755 Listing by Michelle Holmes

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 51 Walter Drive built and last sold?
The property at 51 Walter Drive was built in 1965 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 51 Walter Drive is $483,790.
What are some comparable homes to 51 Walter Drive?
There are currently no comparable homes to 51 Walter Drive.
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