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Babylon 11702 Babylon
586 Fire Island Avenue
Photo of 586 Fire Island Avenue
Sold on Jul 8, 2022

27

Map

Photo of 586 Fire Island Avenue
Photo of 586 Fire Island Avenue
$770,000
● House - Off Market

586 Fire Island Avenue

Babylon, NY 11702
bedrooms
2 Beds
bathrooms
2 Baths
$716,159
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

This Amazing Custom Home was built in 2017 by Mitchell Contracting Inc., of Babylon.  This home boasts a Casual Front Porch, Living Room, Eat-In Kitchen with Stainless Steel Appliances and Quartz Counter Tops, Living Room, Dining Area, Large Primary Bedroom and Carrara Marble Bath, Not to leave out the Cozy Back Trex Deck to enjoy the Amazing Sunsets! Second Floor: A Primary Bedroom and Nursery, Full Bath, Walk-In Closet with Custom Closet Systems and two other Custom Closets. Crown Molding and Hardwood Flooring Throughout the Home. You have a 40 Foot Dock Area with New Bulkheading and Trex Decking will Accommodate Most Water Crafts with an Easy 3 Minute Ride to the Open Great South Bay.....Move In Ready, Nothing to Do Just Enjoy the Easy Living..........., Additional information: Appearance:Diamond+++,Interior Features:Lr/Dr,Marble Bath,Separate Hotwater Heater:1
Unit Size
-
Days on Market
-
Land Size
0.09 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,284
HOA Dues
-
Year Built
2016

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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 #KEYL3391171)

Price History

Date / Event Date Event Price
Dec 28, 2022 Sold
Premium
Sold
Jul 8, 2022 Sold
Premium
Sold
May 3, 2022 In contract -
In contract
Apr 22, 2022 Relisted $699,999
Relisted
Apr 14, 2022 In contract -
In contract
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,761
  • Building Area: 1,761
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,761
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP OF BABYLON SHORE
  • Land Acres: 0000000091
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: FILED MAP 798 SEC 2 LOTS 1688 & 1689

Neighborhood

  • School District Name: Babylon Union Free School District
  • School Tax School District: BABYLON
  • Census Tract: 124602

Geography

  • Account Number: 20230414880
  • District: 0102-0
  • Section: 22.00
  • Parcel: 0102-022.00-02.00-068.000
  • Block: 2
  • Lot: 68.000
  • Municipality: BABYLON
  • Latitude: 40.6831
  • Longitude: -73.3175

    Address

  • Full Address: 586 Fire Island Ave
  • Address - House Number: 586
  • Address - Street Name: Fire Island
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Babylon
  • Carrier Code: C005
  • 4-Digit Zip Code: 4418
  • Zip Code: 11702

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,533,436
  • Tax Rate Code Area: 472001

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 683,113
  • High Value: 781,664
  • Low Value: 584,562

    Market Valuation

  • Market Total Value: $243,016
  • Market Land Value: $20,670
  • Market Improvement Value: $222,346

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,350
  • Assessed Land Value: $370
  • Assessed Improvements Value: $3,980

    Sales

  • Current Sale Contract Date: Jul 08, 2022
  • Current Sale Recording Date: Dec 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Mar 16, 2017
  • Previous Sale Contract Date: Feb 10, 2017
  • Previous Sale Amount: $446,780
  • 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 Babylon

Stats & Trends

Median Asking:

$799,000

Sale Price/ft²

$506

Below Asking

0.01%

Average Days on Market

87

Average Home Size

1876 ft²

Average Home Age

68.8 years

Currently For Sale

22 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 57 Prospect Street, Babylon, NY, 11702

$3,200 /mo

  • 2 Beds
  • 1 Bath
  • 2,243 ft²
57 Prospect Street #A, Babylon, NY, 11702 Listing by Patricia D. Snover
Unit for rent at 11 Park Avenue, Babylon, NY, 11702

$2,950 /mo

  • 2 Beds
  • 1 Bath
  • 800 ft²
11 Park Avenue #2A, Babylon, NY, 11702 Listing by Kenneth Hirsch
Unit for rent at 31 Willoughby Place, West Islip, NY, 11795

$2,850 /mo

  • 2 Beds
  • 1 Bath
  • 700 ft²
31 Willoughby Place #1, West Islip, NY, 11795 Listing by Stacy L. McFadden SRS

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 586 Fire Island Avenue built and last sold?
The property at 586 Fire Island Avenue was built in 2016 and last sold on Jul 8, 2022 for $770,000.
How much is this home worth?
The estimated value of the home located at 586 Fire Island Avenue is $706,999.
What are some comparable homes to 586 Fire Island Avenue?
There are currently no comparable homes to 586 Fire Island Avenue.
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