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Oceanside 11510 Oceanside
514 Summit Avenue
$279,500
● House - Off Market

514 Summit Avenue

Hempstead, NY 11510
bedrooms
5 Beds
bathrooms
2 Baths
$688,364
RealtyHop Estimate
115.79%
Since Oct 1, 2012
National-US
Primary Model

About This Property

Oceanside Schools! Huge 63X196 Property 5 Bdr 2 Bath Cape On Quiet Street In Silver Lake Area.  Home Needs Tlc, Roof 10Yrs Old, Some Windows Replaced. Hardwood Floors Throughout 1st Floor Only, Full Unfinished Basement, Enclosed Porch, Det Garage. Mbdr, 2 Bdrs, Full Bath On 2nd Level, 2 Bdr, Kit, Lr, Dr On 1st Level.  , Additional information: Appearance:Good
Unit Size
-
Days on Market
-
Land Size
0.27 acres
Price per sqft
-
Property Type
House
Property Taxes
$892
HOA Dues
-
Year Built
1952

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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 #KEYL2498655)

Price History

Date / Event Date Event Price
Sep 13, 2012 Sold
Premium
Sold
May 25, 2012 Listed by Century 21 American Homes $319,000
Listed by Century 21 American Homes
Mar 6, 1998 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Total Rooms: 8
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 308
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 10

    Dimensions

  • Lot Size Square Feet: 11,979
  • Lot Size Depth Feet: 1,960
  • Lot Size Frontage Feet: 630
  • Total Building Area: 2,547
  • Building Area: 2,547
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,547
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000275
  • 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: 413100

Geography

  • District: 282089
  • Section: 54
  • Parcel: 54-178-00-0124
  • Block: 178
  • Lot: 124
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.647
  • Longitude: -73.6213

    Address

  • Full Address: 514 Summit Ave
  • Address - House Number: 514
  • Address - Street Name: Summit
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Baldwin
  • Carrier Code: C006
  • 4-Digit Zip Code: 3724
  • Zip Code: 11510

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $984,715
  • Tax Rate Code Area: 424

    Appraisal Valuation

  • Standard Deviation: 0.1791
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 76
  • Final Value: 751,226
  • High Value: 885,807
  • Low Value: 616,646

    Market Valuation

  • Market Total Value: $630,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $630
  • Assessed Land Value: $264
  • Assessed Improvements Value: $366

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 13, 2012
  • Current Sale Recording Date: Sep 28, 2012
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2012092800192
  • Previous Sale Recording Date: Mar 06, 1998
  • Previous Sale Contract Date: Feb 26, 1998
  • Previous Sale Amount: $186,000
  • Previous Sale Document Type: 40
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

$457

Below Asking

0.01%

Average Days on Market

90

Average Home Size

1984 ft²

Average Home Age

65.1 years

Currently For Sale

69 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 102 Davison Avenue, Oceanside, NY, 11572

$6,500 /mo

  • 4 Beds
  • 2 Baths
  • 2,622 ft²
102 Davison Avenue, Oceanside, NY, 11572 Listing by Dominick Ancona

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 514 Summit Avenue built and last sold?
The property at 514 Summit Avenue was built in 1952 and last sold on Sep 13, 2012 for $0.
How much is this home worth?
The estimated value of the home located at 514 Summit Avenue is $322,190.
What are some comparable homes to 514 Summit Avenue?
There are currently no comparable homes to 514 Summit Avenue.
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