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Lindenhurst 11757 Lindenhurst
587 East Drive
$683,000
● House - Off Market

587 East Drive

Babylon, NY 11757
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$663,868
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Elegant High Ranch, beautiful brick and stone work with a circular driveway.  Entertaining backyard with an in-ground pool. Gourmet kitchen, cathedral ceilings, updated bathrooms.  Legal Accessory Apartment!  Too many updates to list, a true must see!, Additional information: Appearance:Mint,Separate Hotwater Heater:Yes
Unit Size
-
Days on Market
-
Land Size
2.59 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,285
HOA Dues
-
Year Built
1966

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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 #KEYL3381480)

Price History

Date / Event Date Event Price
Jul 29, 2022 Sold
Premium
Sold
Mar 24, 2022 In contract -
In contract
Mar 8, 2022 Listed by Century 21 AA Realty $648,888
Listed by Century 21 AA Realty

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 112,650
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,226
  • Building Area: 2,226
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002586
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: FM 839 SEC 1 N P/O LT 376

Neighborhood

  • School District Name: Lindenhurst Union Free School District
  • School Tax School District: LINDENHURST
  • Census Tract: 124002

Geography

  • Account Number: 20230514210
  • District: 0103-0
  • Section: 4.00
  • Parcel: 0103-004.00-02.00-077.000
  • Block: 2
  • Lot: 77.000
  • Municipality: BABYLON
  • Latitude: 40.7052
  • Longitude: -73.3624

    Address

  • Full Address: 587 East Dr
  • Address - House Number: 587
  • Address - Street Name: East
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Lindenhurst
  • Carrier Code: C041
  • 4-Digit Zip Code: 3104
  • Zip Code: 11757

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,428,983
  • Tax Rate Code Area: 472004

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 635,354
  • High Value: 727,015
  • Low Value: 543,693

    Market Valuation

  • Market Total Value: $374,074
  • Market Land Value: $24,074
  • Market Improvement Value: $350,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,040
  • Assessed Land Value: $260
  • Assessed Improvements Value: $3,780

    Sales

  • Current Sale Contract Date: Jul 29, 2022
  • Current Sale Recording Date: Aug 16, 2022
  • 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 Lindenhurst

Stats & Trends

Median Asking:

$650,000

Sale Price/ft²

$430

Below Asking

0.01%

Average Days on Market

87

Average Home Size

1708 ft²

Average Home Age

64.5 years

Currently For Sale

42 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 75 E Hoffman Avenue, Lindenhurst, NY, 11757

$3,245 /mo

  • 1 Bed
  • 1 Bath
  • 757 ft²
75 E Hoffman Avenue #4064, Lindenhurst, NY, 11757 Listing by Michelle Holmes
Unit for rent at 42 Haab Avenue, Babylon, NY, 11702

$2,700 /mo

  • 2 Beds
  • 1 Bath
  • 800 ft²
42 Haab Avenue, Babylon, NY, 11702 Listing by Edward M. Kaleck
Unit for rent at 417 Windmill Avenue, West Babylon, NY, 11707

$2,395 /mo

  • 1 Bed
  • 1 Bath
  • 706 ft²
417 Windmill Avenue #417D, West Babylon, NY, 11707 Listing by Michelle Holmes

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 5 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 587 East Drive built and last sold?
The property at 587 East Drive was built in 1966 and last sold on Jul 29, 2022 for $683,000.
How much is this home worth?
The estimated value of the home located at 587 East Drive is $655,377.
What are some comparable homes to 587 East Drive?
There are currently no comparable homes to 587 East Drive.
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