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Riverhead 11901
56 Meadow Lane
$545,000
● House - Off Market

56 Meadow Lane

Riverhead, NY 11901
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$642,939
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

Located in the heart of a residential community is this updated and well maintained 3 br ranch style home. Many upgrades include complete kitchen renovation with granite counter tops, cabinets, and Jen Air appliances, roof, cedar impression siding, Anderson windows, heating system, cac, and inground irrigation system. There are patio pavers in the fenced rear yard  (plenty of room for a pool) and a screened in porch off the kitchen. Professionally maintained yard and 2 car wide driveway. This great location offers easy access to both the north and south forks.
Unit Size
-
Days on Market
101 days
Land Size
0.38 acres
Price per sqft
-
Property Type
House
Property Taxes
$712
HOA Dues
-
Year Built
1963

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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: 3 years ago (OneKey MLS #ONE3296432)

Price History

Date / Event Date Event Price
Aug 2, 2021 Sold
Premium
Sold
Jun 28, 2021 Sold
Premium
Sold
Apr 13, 2021 In contract -
In contract
Mar 19, 2021 Listed by Bagshaw Real Estate L.L.C $549,500
Listed by Bagshaw Real Estate L.L.C
May 29, 2001 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 308
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 4
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,553
  • Total Building Area: 1,438
  • Building Area: 1,438
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 10
  • Heated Square Feet: 1,438
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000380
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Riverhead Central School District
  • School Tax School District: RIVERHEAD
  • Census Tract: 169904

Zoning

  • Zoning: 03 - MULTI

Geography

  • Account Number: 17
  • District: 0600-1
  • Section: 110.00
  • Parcel: 0600-110.00-01.00-010.000
  • Block: 1
  • Lot: 10.000
  • Municipality: RIVERHEAD
  • Latitude: 40.9317
  • Longitude: -72.6449

    Address

  • Full Address: 56 Meadow Ln
  • Address - House Number: 56
  • Address - Street Name: Meadow
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Riverhead
  • Carrier Code: C008
  • 4-Digit Zip Code: 2324
  • Zip Code: 11901

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $896,440
  • Tax Rate Code Area: 473002

    Appraisal Valuation

  • Standard Deviation: 0.2653
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 62
  • Final Value: 654,535
  • High Value: 828,239
  • Low Value: 480,831

    Market Valuation

  • Market Total Value: $472,551
  • Market Land Value: $100,108
  • Market Improvement Value: $372,443

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $43,900
  • Assessed Land Value: $9,300
  • Assessed Improvements Value: $34,600

    Sales

  • Current Sale Contract Date: Jun 28, 2021
  • Current Sale Recording Date: Aug 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: May 29, 2001
  • Previous Sale Contract Date: May 16, 2001
  • Previous Sale Amount: $195,000
  • Previous Sale Document Type: 12
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 Riverhead

Stats & Trends

Median Asking:

$592,500

Sale Price/ft²

$393

Below Asking

0.01%

Average Days on Market

84

Average Home Size

1802 ft²

Average Home Age

54.7 years

Currently For Sale

41 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 56 Meadow Lane built and last sold?
The property at 56 Meadow Lane was built in 1963 and last sold on Jun 28, 2021 for $545,000.
How much is this home worth?
The estimated value of the home located at 56 Meadow Lane is $0.
What are some comparable homes to 56 Meadow Lane?
There are currently no comparable homes to 56 Meadow Lane.
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