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North Lindenhurst 11757 North Lindenhurst
511 51st Street
$495,000
● House - Off Market

511 51st Street

Lindenhurst, NY 11757
bedrooms
5 Beds
bathrooms
2 Baths
$525,299
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

This home is larger than it looks! It is located on a large corner lot with fenced in yard on a quiet block across from a small part. Low maintenance vinyl siding! Hardwood Flooring! Spacious Room! 3 Heating Zones!  2nd Floor features very spacious rooms! Diamond in the Rough!  Close distance to Shops and Highways!
Unit Size
-
Days on Market
102 days
Land Size
0.25 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,073
HOA Dues
-
Year Built
1960

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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 #ONE3312596)

Price History

Date / Event Date Event Price
Oct 13, 2021 Sold
Premium
Sold
Aug 24, 2021 Sold
Premium
Sold
Jun 2, 2021 In contract -
In contract
May 14, 2021 Listed by Century 21 AA Realty $459,000
Listed by Century 21 AA Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,900
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,090
  • Total Building Area: 1,881
  • Building Area: 1,881
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,881
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: FILED MAP 155 SHEET 4 BLK 115 LOTS 9,10& PTS.11-13 INC.

Neighborhood

  • School District Name: Lindenhurst Union Free School District
  • School Tax School District: LINDENHURST
  • Census Tract: 123401

Zoning

  • Zoning: C

Geography

  • Account Number: 20232805140
  • District: 0100-2
  • Section: 204.00
  • Parcel: 0100-204.00-04.00-001.000
  • Block: 4
  • Lot: 1.000
  • Municipality: BABYLON
  • Latitude: 40.7029
  • Longitude: -73.394

    Address

  • Full Address: 511 51st St
  • Address - House Number: 511
  • Address - Street Name: 51st
  • Address - Suffix Type: St
  • State: NY
  • City Name: Lindenhurst
  • Carrier Code: C021
  • 4-Digit Zip Code: 1657
  • Zip Code: 11757

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,328,480
  • Tax Rate Code Area: 472004

    Appraisal Valuation

  • Standard Deviation: 0.2385
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 66
  • Final Value: 616,073
  • High Value: 763,066
  • Low Value: 469,079

    Market Valuation

  • Market Total Value: $5,409
  • Market Land Value: $470
  • Market Improvement Value: $4,939

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,570
  • Assessed Land Value: $310
  • Assessed Improvements Value: $3,260

    Sales

  • Current Sale Contract Date: Aug 24, 2021
  • Current Sale Recording Date: Oct 13, 2021
  • Current Sale Price:
    Premium
  • Current 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 North Lindenhurst

Stats & Trends

Median Asking:

$600,000

Sale Price/ft²

$416

Above Asking

0.00%

Average Days on Market

85

Average Home Size

1534 ft²

Average Home Age

68.2 years

Currently For Sale

12 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: 3 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 511 51st Street built and last sold?
The property at 511 51st Street was built in 1960 and last sold on Aug 24, 2021 for $495,000.
How much is this home worth?
The estimated value of the home located at 511 51st Street is $0.
What are some comparable homes to 511 51st Street?
There are currently no comparable homes to 511 51st Street.
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