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Village of the Branch 11787 Village of the Branch
6 Terrace Lane
$900,000
● House - Off Market

6 Terrace Lane

Smithtown, NY 11787
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$5,628
Est. Monthly
4.44%
Cap Rate

About This Property

Welcome to the beautiful colonial in the Smithtown School District on half an acre.  Featuring updated 4 bedrooms and 2.5 bathrooms. Full basement, large kitchen with Wolf appliances and custom cabinets, walk in pantry closet, laundry room with built in folding table, hardwood floors throughout , den with wood burning fireplace.  New rear decking surrounding an in ground pool, updated electric, cesspools, hot water heater. Generator hook up., Additional information: Appearance:Diamond,Separate Hotwater Heater:Y
Unit Size
-
Days on Market
75 days
Land Size
0.50 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,454
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 #KEYL3591943)

Price History

Date / Event Date Event Price
Feb 6, 2025 Sold
Premium
Sold
Dec 18, 2024 In contract -
In contract
Nov 18, 2024 Listed by Douglas Elliman Real Estate $849,990
Listed by Douglas Elliman Real Estate

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
  • Subdivision: MAP SPRINGVILLE TERRACE SECTION TWO
  • Land Acres: 0000000500
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: 7.-2-39 *4102 LOT 82 HILLSIDE BRANCH SEC 2

Neighborhood

  • School District Name: Smithtown Central School District
  • School Tax School District: SMITHTOWN
  • Census Tract: 134909

Geography

  • District: 0803-0
  • Section: 7.00
  • Parcel: 0803-007.00-02.00-039.000
  • Block: 2
  • Lot: 39.000
  • Municipality: SMITHTOWN
  • Latitude: 40.8499
  • Longitude: -73.1818

    Address

  • Full Address: 6 Terrace Ln
  • Address - House Number: 6
  • Address - Street Name: Terrace
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Smithtown
  • Carrier Code: C012
  • 4-Digit Zip Code: 3706
  • Zip Code: 11787

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,375,145
  • Tax Rate Code Area: 473401

    Appraisal Valuation

  • Standard Deviation: 0.2147
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 70
  • Final Value: 828,195
  • High Value: 1,006,084
  • Low Value: 650,307

    Market Valuation

  • Market Total Value: $7,903
  • Market Land Value: $575
  • Market Improvement Value: $7,328

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $6,875
  • Assessed Land Value: $500
  • Assessed Improvements Value: $6,375

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 Village of the Branch

Stats & Trends

Median Asking:

$999,999

Sale Price/ft²

$409

Below Asking

0.02%

Average Days on Market

65

Average Home Size

2042 ft²

Average Home Age

52.3 years

Currently For Sale

0 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 17 Jerome Street, Smithtown, NY, 11787

$4,600 /mo

  • 4 Beds
  • 2 Baths
  • 1,700 ft²
17 Jerome Street, Smithtown, NY, 11787 Listing by Sari Eidelkind

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 6 Terrace Lane built and last sold?
The property at 6 Terrace Lane was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 6 Terrace Lane is $0.
What are some comparable homes to 6 Terrace Lane?
There are currently no comparable homes to 6 Terrace Lane.
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