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Wading River 11792
56 Creek Road
$675,000
● House - Off Market

56 Creek Road

Riverhead, NY 11792
bedrooms
1 Bed
bathrooms
1 Bath
square feet
532 Ft²
$4,441
Est. Monthly
2.58%
Cap Rate

About This Property

Enjoy Sunrises and Sunsets from Your Waterfront Beach House. Relax while Listening to the Sound of the Waves and View the Glistening Night Lights of Connecticut Across the LI Sound. This House Sits Up High on Sturdy Pilings with Vegetated Dunes on Each Side Creating a Private Oasis.  The Property Extends on the Beach Up to the High Tide Line.  This Rustic Charmer Beach Cottage has an Open Concept Great Room, Very Clean with High Beamed Ceilings and Surrounded by Lots of Nature. Driveway for 2 cars and an additional lot across the street that can be purchased separately for additional parking.  See MLS#3586211, Additional information: Appearance:Excellent,Interior Features:Lr/Dr,Separate Hotwater Heater:Y
Unit Size
532 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$1,408
Property Type
House
Property Taxes
$763
HOA Dues
-
Year Built
1960

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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: 5 months ago (OneKey MLS #KEYL3586156)

Price History

Date / Event Date Event Price
Dec 18, 2024 Sold
Premium
Sold
Nov 27, 2024 In contract -
In contract
Oct 18, 2024 Listed by Signature Premier Properties $749,000
Listed by Signature Premier Properties

Property Highlights

With View

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Total Rooms: 2
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 24
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0
  • Location Influence Type: 23

    Dimensions

  • Lot Size Square Feet: 15,682
  • Total Building Area: 532
  • Building Area: 532
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 24
  • Heated Square Feet: 532
  • Heating Fuel Type: 5

    Utilities

  • Sewer System: 0
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000360
  • Standard Land Use Code: 1012
  • County Land Use Code: 260

Neighborhood

  • School District Name: Shoreham-Wading River Central School District
  • School Tax School District: SHOREHAM-WADING
  • Census Tract: 169701

Zoning

  • Zoning: 02 - SINGL

Geography

  • Account Number: 39
  • District: 0600-0
  • Section: 29.00
  • Parcel: 0600-029.00-01.00-010.000
  • Block: 1
  • Lot: 10.000
  • Municipality: RIVERHEAD
  • Latitude: 40.9652
  • Longitude: -72.8613

    Address

  • Full Address: 56 Creek Rd
  • Address - House Number: 56
  • Address - Street Name: Creek
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Wading River
  • Zip Code: 11792

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $916,038
  • Tax Rate Code Area: 473001

    Appraisal Valuation

  • Standard Deviation: 0.2147
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 70
  • Final Value: 621,083
  • High Value: 754,486
  • Low Value: 487,680

    Market Valuation

  • Market Total Value: $387,514
  • Market Land Value: $178,687
  • Market Improvement Value: $208,827

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,000
  • Assessed Land Value: $16,600
  • Assessed Improvements Value: $19,400
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 Wading River

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$369

Below Asking

0.02%

Average Days on Market

95

Average Home Size

2381 ft²

Average Home Age

52.1 years

Currently For Sale

35 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

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OneKey

Last Updated: 5 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 56 Creek Road built and last sold?
The property at 56 Creek Road was built in 1960 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 56 Creek Road is $0.
What are some comparable homes to 56 Creek Road?
There are currently no comparable homes to 56 Creek Road.
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