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Great Neck 11023 Great Neck
55 Fairview Avenue
$680,000
● House - Off Market

55 Fairview Avenue

North Hempstead, NY 11023
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,725 Ft²
$1,242,105
RealtyHop Estimate
68.31%
Since Jan 1, 2015
NY-New York
Primary Model

About This Property

Center Hall Colonial Located In Baker Hill, Has Mbr With Deck, 2 Add Br, Full Bth. Main Level Has Large Lr With Fpl Adjacent To Den, Formal Dr W/ Adjoining Sun Room, Eat-In-Kitchen, Powder Rm, Full Unfinished Basement, Room For Expansion, Additional information: Appearance:Very Good,Separate Hotwater Heater:Yes
Unit Size
1,725 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$428
Property Type
House
Property Taxes
$933
HOA Dues
-
Year Built
1923

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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 #KEYL2681064)

Price History

Date / Event Date Event Price
Dec 26, 2014 Sold
Premium
Sold
Jun 10, 2014 Listed by LAFFEY FINE HOMES $738,000
Listed by LAFFEY FINE HOMES

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 13
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 93
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0
  • Location Influence Type: 1

    Dimensions

  • Lot Size Square Feet: 6,789
  • Lot Size Depth Feet: 900
  • Lot Size Frontage Feet: 730
  • Total Building Area: 1,905
  • Building Area: 1,905
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,905
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000156
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #2 SCH DIST 007

Neighborhood

  • School District Name: Great Neck Union Free School District
  • School Tax School District: 007
  • School Tax District Code 2: GN
  • Census Tract: 300400

Geography

  • District: 282209
  • Section: 1
  • Parcel: 01-091-00-0437
  • Block: 91
  • Lot: 437
  • Municipality: GREAT NECK
  • Latitude: 40.8038
  • Longitude: -73.7298

    Address

  • Full Address: 55 Fairview Ave
  • Address - House Number: 55
  • Address - Street Name: Fairview
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Great Neck
  • Carrier Code: C063
  • 4-Digit Zip Code: 1327
  • Zip Code: 11023

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,298,602
  • Tax Rate Code Area: 755

    Appraisal Valuation

  • Standard Deviation: 0.1875
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 75
  • Final Value: 1,081,632
  • High Value: 1,284,469
  • Low Value: 878,796

    Market Valuation

  • Market Total Value: $815,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $815
  • Assessed Land Value: $419
  • Assessed Improvements Value: $396

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Recording Date: Dec 26, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2014122601011

    Financing

  • First Mortgage Financing Type: UNK
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 Great Neck

Stats & Trends

Median Asking:

$1,300,000

Sale Price/ft²

$651

Below Asking

0.01%

Average Days on Market

102

Average Home Size

2736 ft²

Average Home Age

63.7 years

Currently For Sale

131 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 38-30 Douglaston Parkway, Queens, NY, 11363

$3,880 - $4,180 /mo

  • 2 Beds
  • 2 Baths
38-30 Douglaston Parkway, Queens, NY, 11363 Listing by Kathleen McCarthy
Unit for rent at 1 Ipswich Avenue, Great Neck, NY, 11021

$3,700 /mo

  • 2 Beds
  • 1 Bath
  • 927 ft²
1 Ipswich Avenue, Great Neck, NY, 11021 Listing by Jamila Dallal
Unit for rent at 261 Schenck Avenue, Great Neck, NY, 11021

$3,700 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
261 Schenck Avenue #2NDFLOOR, Great Neck, NY, 11021 Listing by Esther Moshenayov

Rentals Near You

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OneKey

Last Updated: 6 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 55 Fairview Avenue built and last sold?
The property at 55 Fairview Avenue was built in 1923 and last sold on Jan 1, 1970 for $680,000.
How much is this home worth?
The estimated value of the home located at 55 Fairview Avenue is $770,881.
What are some comparable homes to 55 Fairview Avenue?
There are currently no comparable homes to 55 Fairview Avenue.
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