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Ridge 11961 Ridge
59 Old Saddle Road
$450,000
● House - Off Market

59 Old Saddle Road

Brookhaven, NY 11961
bedrooms
2 Beds
bathrooms
1 Bath
$409,233
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Where there is LOVE in the HOME, there is JOY in the HEART. So much love has been given to this beautifully renovated ranch which sits on almost an acre of property! All renovations took place in 2021 which include the roof, siding, sliding glass doors, kitchen, appliances, custom blinds and outside lighting. Bathroom renovated in 2016. Full basement, partially finished which also includes another full bathroom. (No CO). Low Taxes!
Unit Size
-
Days on Market
64 days
Land Size
0.85 acres
Price per sqft
-
Property Type
House
Property Taxes
$606
HOA Dues
-
Year Built
1956

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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 #KEYL3400865)

Price History

Date / Event Date Event Price
Nov 7, 2022 Sold
Premium
Sold
Jul 28, 2022 Sold
Premium
Sold
May 19, 2022 Listed by Signature Premier Properties $399,999
Listed by Signature Premier Properties
Aug 19, 2008 Sold
Premium
Sold
Aug 28, 2002 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • 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: 37,026
  • Total Building Area: 963
  • Building Area: 963
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 963
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIDGE
  • Land Acres: 0000000850
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: N FARIELLO E RI RIDGE GREEN S DEMORY T10104 W OLD SADDLE

Neighborhood

  • School District Name: Longwood Central School District
  • School Tax School District: LONGWOOD
  • Census Tract: 158710

Geography

  • Assessors Map Reference: MAP 8700000
  • Account Number: 00008733760
  • District: 0200-3
  • Section: 353.00
  • Parcel: 0200-353.00-01.00-012.000
  • Block: 1
  • Lot: 12.000
  • Municipality: BROOKHAVEN
  • Latitude: 40.8961
  • Longitude: -72.8567

    Address

  • Full Address: 59 Old Saddle Rd
  • Address - House Number: 59
  • Address - Street Name: Old Saddle
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Ridge
  • Carrier Code: R008
  • 4-Digit Zip Code: 2930
  • Zip Code: 11961

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 472212

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 393,342
  • High Value: 450,088
  • Low Value: 336,595

    Market Valuation

  • Market Total Value: $3,019
  • Market Land Value: $278
  • Market Improvement Value: $2,741

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,630
  • Assessed Land Value: $150
  • Assessed Improvements Value: $1,480

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 28, 2022
  • Current Sale Recording Date: Nov 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 19, 2008
  • Previous Sale Contract Date: Aug 07, 2008
  • Previous Sale Amount: $280,000
  • Previous 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 Ridge

Stats & Trends

Median Asking:

$492,500

Sale Price/ft²

$364

Below Asking

0.01%

Average Days on Market

81

Average Home Size

1441 ft²

Average Home Age

46.2 years

Currently For Sale

43 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

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OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 59 Old Saddle Road built and last sold?
The property at 59 Old Saddle Road was built in 1956 and last sold on Jul 28, 2022 for $460,000.
How much is this home worth?
The estimated value of the home located at 59 Old Saddle Road is $403,999.
What are some comparable homes to 59 Old Saddle Road?
There are currently no comparable homes to 59 Old Saddle Road.
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