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East Patchogue 11772 East Patchogue
55 Grove Avenue
$350,000
● House - Off Market

55 Grove Avenue

Patchogue, NY 11772
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$371,829
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

A Chance To Make It Your Own In Patchogue! This 3 Bedroom 1.5 Bath Home Is Located Just Outside The Village Of Patchogue. Close Proximity To Shorefront Park, Fire Island Ferries, Waterfront Restaurants, LIRR, & Main St. Low Taxes!
Unit Size
-
Days on Market
119 days
Land Size
0.28 acres
Price per sqft
-
Property Type
House
Property Taxes
$490
HOA Dues
-
Year Built
1929

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #ONE3302932)

Price History

Date / Event Date Event Price
Sep 28, 2021 Sold
Premium
Sold
Aug 10, 2021 Sold
Premium
Sold
May 5, 2021 In contract -
In contract
Apr 13, 2021 Listed by Shine Realty Group $324,900
Listed by Shine Realty Group
Sep 19, 2002 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,197
  • Total Building Area: 1,330
  • Building Area: 1,330
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 1,330
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PATCHOGUE (M TO Z)
  • Land Acres: 0000000280
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: N ROSENBERG & ANO E GEORGOTAS S ESSER & ANO W GROVE AVE

Neighborhood

  • School District Name: Patchogue-Medford Union Free School District
  • School Tax School District: PATCHOGUE-MEDFO
  • Census Tract: 159201

Geography

  • Assessors Map Reference: MAP 8400000
  • Account Number: 00008417445
  • District: 0200-9
  • Section: 979.00
  • Parcel: 0200-979.30-03.00-005.000
  • Block: 3003
  • Lot: 5.000
  • Municipality: BROOKHAVEN
  • Latitude: 40.764
  • Longitude: -73.001

    Address

  • Full Address: 55 Grove Ave
  • Address - House Number: 55
  • Address - Street Name: Grove
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Patchogue
  • Carrier Code: C017
  • 4-Digit Zip Code: 4113
  • Zip Code: 11772

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 472224

    Appraisal Valuation

  • Standard Deviation: 0.2801
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 43
  • Final Value: 437,486
  • High Value: 560,061
  • Low Value: 314,910

    Market Valuation

  • Market Total Value: $2,593
  • Market Land Value: $556
  • Market Improvement Value: $2,037

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,400
  • Assessed Land Value: $300
  • Assessed Improvements Value: $1,100

    Sales

  • Current Sale Contract Date: Aug 10, 2021
  • Current Sale Recording Date: Sep 28, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Previous Sale Recording Date: Sep 19, 2002
  • Previous Sale Contract Date: Feb 05, 2002
  • Previous Sale Amount: $60,000
  • 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 East Patchogue

Stats & Trends

Median Asking:

$625,000

Sale Price/ft²

$375

Below Asking

0.01%

Average Days on Market

80

Average Home Size

1961 ft²

Average Home Age

61.1 years

Currently For Sale

32 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 55 Grove Avenue built and last sold?
The property at 55 Grove Avenue was built in 1929 and last sold on Aug 10, 2021 for $350.
How much is this home worth?
The estimated value of the home located at 55 Grove Avenue is $328,149.
What are some comparable homes to 55 Grove Avenue?
There are currently no comparable homes to 55 Grove Avenue.
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