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Patchogue 11772 Patchogue
59 E 5th Street
$400,000
● House - Off Market

59 E 5th Street

Patchogue, NY 11772
bedrooms
3 Beds
bathrooms
2 Baths
$497,378
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

Expanded Ranch boasting many features including 3/4 bedrooms, 2 full bathrooms, Formal Living Room, Family Room, office, hardwood & laminate floors, 3 zone oil heat, 2 zone central air, instant hot water on demand, pull down attic, fully fenced yard, oversized 2.5 detached garage, finished basement, hook up for generator and so much more.  Picture all this on a lovely block with quaint surroundings in the Patchogue Medford School District.
Unit Size
-
Days on Market
-
Land Size
0.15 acres
Price per sqft
-
Property Type
House
Property Taxes
$951
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: 3 years ago (OneKey MLS #ONE3271721)

Price History

Date / Event Date Event Price
Apr 26, 2021 Sold
Premium
Sold
Mar 3, 2021 Sold
Premium
Sold
Dec 21, 2020 In contract -
In contract
Nov 25, 2020 Listed by Coldwell Banker Realty $399,990
Listed by Coldwell Banker Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Total Building Area: 1,640
  • Building Area: 1,640
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 1,640
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PATCHOGUE LAKES PARK
  • Land Acres: 0000000150
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: PAT LAKE PARK 303 B13 31 TO 33 INC

Neighborhood

  • School District Name: Patchogue-Medford Union Free School District
  • School Tax School District: PATCHOGUE-MEDFO
  • Census Tract: 158901

Geography

  • Assessors Map Reference: MAP 3000303
  • Account Number: 00003024370
  • District: 0204-0
  • Section: 4.00
  • Parcel: 0204-004.00-08.00-008.000
  • Block: 8
  • Lot: 8.000
  • Municipality: BROOKHAVEN
  • Latitude: 40.7713
  • Longitude: -73.0247

    Address

  • Full Address: 59 E 5th St
  • Address - House Number: 59
  • Street Direction: E
  • Address - Street Name: 5th
  • Address - Suffix Type: St
  • State: NY
  • City Name: Patchogue
  • Carrier Code: C012
  • 4-Digit Zip Code: 2349
  • Zip Code: 11772

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,036,710
  • Tax Rate Code Area: 472224

    Appraisal Valuation

  • Standard Deviation: 0.2785
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 60
  • Final Value: 552,228
  • High Value: 706,037
  • Low Value: 398,419

    Market Valuation

  • Market Total Value: $68,056
  • Market Land Value: $5,000
  • Market Improvement Value: $63,056

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,450
  • Assessed Land Value: $180
  • Assessed Improvements Value: $2,270

    Sales

  • Current Sale Contract Date: Mar 01, 2021
  • Current Sale Recording Date: Apr 26, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 39
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 Patchogue

Stats & Trends

Median Asking:

$560,000

Sale Price/ft²

$375

Above Asking

0.00%

Average Days on Market

80

Average Home Size

1660 ft²

Average Home Age

87.4 years

Currently For Sale

38 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 7 Park Avenue, Patchogue, NY, 11772

$3,600 /mo

  • 3 Beds
  • 1 Bath
  • 1,284 ft²
7 Park Avenue, Patchogue, NY, 11772 Listing by Minh Thu Vu Thai
Unit for rent at 195 River Avenue, Patchogue, NY, 11772

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,300 ft²
195 River Avenue, Patchogue, NY, 11772 Listing by Heather N. Malone CBR

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 3 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 59 East 5th Street built and last sold?
The property at 59 East 5th Street was built in 1960 and last sold on Mar 1, 2021 for $400,000.
How much is this home worth?
The estimated value of the home located at 59 East 5th Street is $403,990.
What are some comparable homes to 59 East 5th Street?
There are currently no comparable homes to 59 East 5th Street.
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