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Babylon 11702 Babylon
55 Araca Road
$598,000
● House - Off Market

55 Araca Road

Babylon, NY 11702
bedrooms
4 Beds
bathrooms
3 Baths
$974,038
RealtyHop Estimate
54.85%
Since Apr 1, 2018
National-US
Primary Model

About This Property

Beautifully Renovated, Waterfront Cape In Babylon Village (With Babylon Schools!). Open Floor Plan: Soaring Great Room W/Gas Fp, New Chef's Eat-In Kitchen, Flex Dining/Den. 3/4 Bedrooms, 3 Full Baths. Gleaming Hardwoods, Lots Of Light. Brand New Bulkhead. Beautiful New Deck, Fence And Driveway. Newer Roof, Heat, 200 Amp, Etc. This Truly Is A Turn-Key Home. Move-In Ready!, Additional information: Appearance:Diamond,Separate Hotwater Heater:50Ga
Unit Size
-
Days on Market
-
Land Size
0.16 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,301
HOA Dues
-
Year Built
1953

Payment Calculator

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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 #KEYL2982399)

Price History

Date / Event Date Event Price
Mar 8, 2018 Sold
Premium
Sold
Nov 1, 2017 Listed by Signature Premier Properties $629,000
Listed by Signature Premier Properties
Oct 25, 2010 Sold
Premium
Sold

Property Highlights

Garage
With View
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 6,750
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,029
  • Building Area: 2,029
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,029
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000155
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: FILED MAP 495 BLK 3 LOTS 67 & 69

Neighborhood

  • School District Name: Babylon Union Free School District
  • School Tax School District: BABYLON
  • Census Tract: 124602

Geography

  • Account Number: 20230412260
  • District: 0102-0
  • Section: 19.00
  • Parcel: 0102-019.00-02.00-074.000
  • Block: 2
  • Lot: 74.000
  • Municipality: BABYLON
  • Latitude: 40.6852
  • Longitude: -73.3205

    Address

  • Full Address: 55 Araca Rd
  • Address - House Number: 55
  • Address - Street Name: Araca
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Babylon
  • Carrier Code: C005
  • 4-Digit Zip Code: 4405
  • Zip Code: 11702

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,630,820
  • Tax Rate Code Area: 472001

    Appraisal Valuation

  • Standard Deviation: 0.2393
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 66
  • Final Value: 910,015
  • High Value: 1,127,810
  • Low Value: 692,220

    Market Valuation

  • Market Total Value: $265,363
  • Market Land Value: $25,698
  • Market Improvement Value: $239,665

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,750
  • Assessed Land Value: $460
  • Assessed Improvements Value: $4,290

    Sales

  • Current Sale Contract Date: Oct 12, 2010
  • Current Sale Recording Date: Oct 25, 2010
  • 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 Babylon

Stats & Trends

Median Asking:

$799,000

Sale Price/ft²

$506

Below Asking

0.01%

Average Days on Market

82

Average Home Size

1795 ft²

Average Home Age

65.3 years

Currently For Sale

19 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 11 Park Avenue, Babylon, NY, 11702

$3,000 /mo

  • 1 Bed
  • 1 Bath
  • 550 ft²
11 Park Avenue #1A, Babylon, NY, 11702 Listing by Kenneth Hirsch
Unit for rent at 54 Ralph Avenue, Babylon, NY, 11702

$2,495 /mo

  • 1 Bed
  • 1 Bath
  • 900 ft²
54 Ralph Avenue, Babylon, NY, 11702 Listing by Aideen Duignan
Unit for rent at 239 Curtin Avenue, West Islip, NY, 11795

$2,400 /mo

  • 1 Bed
  • 1 Bath
  • 800 ft²
239 Curtin Avenue, West Islip, NY, 11795 Listing by George Ortiz

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 55 Araca Road built and last sold?
The property at 55 Araca Road was built in 1953 and last sold on Oct 12, 2010 for $532,500.
How much is this home worth?
The estimated value of the home located at 55 Araca Road is $635,290.
What are some comparable homes to 55 Araca Road?
There are currently no comparable homes to 55 Araca Road.
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