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Flanders 11901
59 Royal Avenue
$500,000
● House - Off Market

59 Royal Avenue

Riverhead, NY 11901
bedrooms
3 Beds
bathrooms
1 Bath
$516,955
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Charming Ranch located on a corner lot. Large yard. This home has lots of potential! Roofing, Siding and Solar Panels are approximately 13 years old- Solar Panels are OWNED! Wood burning fire place in the living room is AS-IS. Spacious rooms with lots of natural light! In-Ground Sprinkler System. Walk or bike ride to Private Beach. Peconic Tax., Additional information: Green Features:Insulated Doors,Interior Features:Lr/Dr
Unit Size
-
Days on Market
71 days
Land Size
0.28 acres
Price per sqft
-
Property Type
House
Property Taxes
$444
HOA Dues
-
Year Built
1997

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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 #KEYL3403179)

Price History

Date / Event Date Event Price
Oct 12, 2022 Sold
Premium
Sold
Aug 11, 2022 Sold
Premium
Sold
Jun 14, 2022 In contract -
In contract
May 27, 2022 Listed by Signature Premier Properties $499,999
Listed by Signature Premier Properties

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 5
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,197
  • Total Building Area: 1,188
  • Building Area: 1,188
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,188
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BAY VIEW ACRES
  • Land Acres: 0000000280
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: BLK LOT 258-262

Neighborhood

  • School District Name: Riverhead Central School District
  • School Tax School District: RIVERHEAD
  • Census Tract: 190405

Zoning

  • Zoning: R10

Geography

  • Assessors Map Reference: MAP 1563
  • Account Number: 151445
  • District: 0900-1
  • Section: 148.00
  • Parcel: 0900-148.00-02.00-050.000
  • Block: 2
  • Lot: 50.000
  • Municipality: SOUTHAMPTON
  • Latitude: 40.9059
  • Longitude: -72.6062

    Address

  • Full Address: 59 Royal Ave
  • Address - House Number: 59
  • Address - Street Name: Royal
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Riverhead
  • Carrier Code: C006
  • 4-Digit Zip Code: 4321
  • Zip Code: 11901

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $232,956
  • Tax Rate Code Area: 473002

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 490,710
  • High Value: 561,504
  • Low Value: 419,917

    Market Valuation

  • Market Total Value: $474,532
  • Market Land Value: $210,072
  • Market Improvement Value: $264,460

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $329,800
  • Assessed Land Value: $146,000
  • Assessed Improvements Value: $183,800

    Sales

  • Current Sale Contract Date: Aug 11, 2022
  • Current Sale Recording Date: Oct 12, 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 Flanders

Stats & Trends

Median Asking:

$564,500

Sale Price/ft²

$459

Below Asking

0.02%

Average Days on Market

90

Average Home Size

1442 ft²

Average Home Age

47.7 years

Currently For Sale

10 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 61 Brookside, Riverhead, NY, 11947

$4,000 /mo

  • 4 Beds
  • 3 Baths
  • 1,700 ft²
61 Brookside, Riverhead, NY, 11947 Listing by Kathy Van Duzer

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 Royal Avenue built and last sold?
The property at 59 Royal Avenue was built in 1997 and last sold on Aug 11, 2022 for $500,000.
How much is this home worth?
The estimated value of the home located at 59 Royal Avenue is $504,999.
What are some comparable homes to 59 Royal Avenue?
There are currently no comparable homes to 59 Royal Avenue.
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