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Smithtown 11787 Smithtown
59 Oak Street
$574,500
● House - Off Market

59 Oak Street

Smithtown, NY 11787
bedrooms
4 Beds
bathrooms
3 Baths
$611,547
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Location, Location, Location!  This Sprawling Ranch is located on Private Partly Wooded .50 Acre just steps from Smithtown Landing Golf Course! This light & Bright Home offers Formal LR w/Skylights & Cathedral Ceilings; Formal Dr w/Sliders to Yard; Eik w/Oak Cabinets & Young appliances;  Gleaming Oak Floors-Young Roof (2 1/2 yrs)-Andersen Windows-Updated 200 amp Elec-Den w/FP-CAC-Primary Suite w/Jacuzzi Bath/Cathedral Ceilings; Skylights; New Interior Doors; Newly Painted Interior, Full Fin Basement--Young Boiler, Replaced Cesspool w/Overflow - All this located close to Parks, Golf Course, Town Beaches, Railroad, Shops, Restaurants all set in a beautiful neighborhood!   Taxes w/Star $13,723, Additional information: Appearance:Mint++,Interior Features:Marble Bath
Unit Size
-
Days on Market
206 days
Land Size
0.50 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,228
HOA Dues
-
Year Built
-

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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: 4 months ago (OneKey MLS #KEYL3394073)

Price History

Date / Event Date Event Price
Feb 21, 2023 Sold
Premium
Sold
Nov 21, 2022 Sold
Premium
Sold
Sep 20, 2022 In contract -
In contract
Aug 9, 2022 Price Decreased $579,500
↓ $20K (3.4%)
Price Decreased
Jun 17, 2022 Price Decreased $599,900
↓ $30K (4.8%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • 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: 21,780
  • Total Building Area: 0
  • Building Area: 0

    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: 0000000500
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: 35.-1-37 *3838 LOT 14 ANTIETAM WOODS

Neighborhood

  • School District Name: Smithtown Central School District
  • School Tax School District: SMITHTOWN
  • Census Tract: 134902

Geography

  • Account Number: S130274
  • District: 0800-0
  • Section: 35.00
  • Parcel: 0800-035.00-01.00-037.000
  • Block: 1
  • Lot: 37.000
  • Municipality: SMITHTOWN
  • Latitude: 40.8849
  • Longitude: -73.2152

    Address

  • Full Address: 59 Oak St
  • Address - House Number: 59
  • Address - Street Name: Oak
  • Address - Suffix Type: St
  • State: NY
  • City Name: Smithtown
  • Carrier Code: C015
  • 4-Digit Zip Code: 1006
  • Zip Code: 11787

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,402,344
  • Tax Rate Code Area: 473401

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 556,872
  • High Value: 637,211
  • Low Value: 476,534

    Market Valuation

  • Market Total Value: $6,667
  • Market Land Value: $575
  • Market Improvement Value: $6,092

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,800
  • Assessed Land Value: $500
  • Assessed Improvements Value: $5,300

    Sales

  • Current Sale Contract Date: Nov 21, 2022
  • Current Sale Recording Date: Feb 21, 2023
  • 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 Smithtown

Stats & Trends

Median Asking:

$799,000

Sale Price/ft²

$412

Below Asking

0.01%

Average Days on Market

84

Average Home Size

2354 ft²

Average Home Age

58 years

Currently For Sale

47 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 29 Aspen Road, Kings Park, NY, 11754

$4,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,600 ft²
29 Aspen Road, Kings Park, NY, 11754 Listing by Kelley J. Taylor
Unit for rent at 44 Route 25 A, Smithtown, NY, 11787

$3,205 /mo

  • 2 Beds
  • 2 Baths
  • 1,100 ft²
44 Route 25 A #505, Smithtown, NY, 11787 Listing by Mary Beth Donnelly CBR

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 59 Oak Street built and last sold?
The property at 59 Oak Street was built in and last sold on Nov 21, 2022 for $574,500.
How much is this home worth?
The estimated value of the home located at 59 Oak Street is $585,295.
What are some comparable homes to 59 Oak Street?
There are currently no comparable homes to 59 Oak Street.
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