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Woodmere 11516 Woodmere
552 Redwood Drive
Photo of 552 Redwood Drive
Sold on May 15, 2025

29

Map

Photo of 552 Redwood Drive
Photo of 552 Redwood Drive
$1,500,000
● House - Off Market

552 Redwood Drive

Hempstead, NY 11516
bedrooms
5 Beds
bathrooms
5 Baths
square feet
3,394 Ft²
$9,632
Est. Monthly
2.97%
Cap Rate

About This Property

Welcome to 552 Redwood Dr. Sitting on a 8,000 sq ft lot. Experience luxury living in this enchanting & meticulously renovated 5-bedroom, 5-Full bathroom SMART house on a tranquil block. Immerse yourself in the sophisticated charm of tasteful furnishings and modern amenities, creating an ambiance of refined comfort. This residence seamlessly blends timeless elegance with contemporary design, offering a haven of serenity in every room. Discover the art of fine living in this exquisite home. Magnificent Bright & Sunny, Prime location in Cedarhurst. Dream Kitchen With Granite Countertops, 2 Sinks, 2 Ovens, 2 Microwaves, Formal Dining Room With Washing Station, Formal Living Room. Radiant Heat, Speaker System, Timers, Cameras Inside & Outside, Master Bedroom Suite With Jacuzzi Tub & Shower. 2 Large Walk-in Closets, Central Air Conditioning, Radiant Heat Floors, 2 Car Garage, Great Corner Property, Large Side & Backyard, Finished Basement. A Must See. Close To Shopping, Schools & Houses of Worship. A MUST SEE, Additional information: Appearance:Excellent
Unit Size
3,394 Ft²
Days on Market
335 days
Land Size
0.18 acres
Price per sqft
$499
Property Type
House
Property Taxes
$1,309
HOA Dues
-
Year Built
1956

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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: 2 years ago (OneKey MLS #KEYL3559111)

Price History

Date / Event Date Event Price
May 15, 2025 Sold
Premium
Sold
Feb 8, 2025 In contract -
In contract
Jun 14, 2024 Listed by Pin It Realty LLC $1,695,000
Listed by Pin It Realty LLC
Aug 10, 2006 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Total Rooms: 8
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 4
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 774
  • Garage Type: 7
  • Garage Square Area: 340
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 800
  • Total Building Area: 3,394
  • Building Area: 3,394
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,394
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 015

Neighborhood

  • School District Name: Lawrence Union Free School District
  • School Tax School District: 015
  • Census Tract: 411302

Geography

  • District: 282089
  • Section: 39
  • Parcel: 39-280-00-0023
  • Block: 280
  • Lot: 23
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6333
  • Longitude: -73.7295

    Address

  • Full Address: 552 Redwood Dr
  • Address - House Number: 552
  • Address - Street Name: Redwood
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Cedarhurst
  • Carrier Code: C005
  • 4-Digit Zip Code: 1041
  • Zip Code: 11516

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,456,097
  • Tax Rate Code Area: 051

    Appraisal Valuation

  • Standard Deviation: 0.1809
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 76
  • Final Value: 1,253,894
  • High Value: 1,480,775
  • Low Value: 1,027,012

    Market Valuation

  • Market Total Value: $956,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $956
  • Assessed Land Value: $366
  • Assessed Improvements Value: $590

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 23, 2006
  • Current Sale Recording Date: Aug 10, 2006
  • 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 Five Towns

Stats & Trends

Median Asking:

$1,199,999

Sale Price/ft²

$559

Below Asking

0.02%

Average Days on Market

101

Average Home Size

3402 ft²

Average Home Age

71.6 years

Currently For Sale

149 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 716 Park Lane, Valley Stream, NY, 11581

$5,900 /mo

  • 4 Beds
  • 3 Baths
  • 1,497 ft²
716 Park Lane, Valley Stream, NY, 11581 Listing by Cindy M. Oliva
Unit for rent at 559 Leheigh Lane, Woodmere, NY, 11598

$6,000 /mo

  • 4 Beds
  • 2 Baths
  • 2,303 ft²
559 Leheigh Lane, Woodmere, NY, 11598 Listing by Avi Dubin
Unit for rent at 928 Northfield Road, Woodmere, NY, 11598

$5,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,964 ft²
928 Northfield Road, Woodmere, NY, 11598 Listing by Pinchus Heskiel

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 552 Redwood Drive built and last sold?
The property at 552 Redwood Drive was built in 1956 and last sold on Jun 23, 2006 for $610,000.
How much is this home worth?
The estimated value of the home located at 552 Redwood Drive is $0.
What are some comparable homes to 552 Redwood Drive?
There are currently no comparable homes to 552 Redwood Drive.
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