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Hempstead 11550 Hempstead
61 Pierson Avenue
Photo of 61 Pierson Avenue
Sold on Sep 30, 2024

32

Map

Photo of 61 Pierson Avenue
Photo of 61 Pierson Avenue
$670,000
● House - Off Market

61 Pierson Avenue

Hempstead, NY 11550
bedrooms
5 Beds
bathrooms
2 Baths
$4,316
Est. Monthly
12.07%
Cap Rate

About This Property

Move in ready completely renovated in 2024. New roof, New energy star windows, new electric, new Plumbing, new energy star central air, house completely energy star, five bedrooms, two bathrooms, pre-finished basement with a separate entrance, detached one car garage, eat in kitchen with stainless steel appliances and granite countertops, formal dining, formal living., Additional information: Appearance:Mint
Unit Size
-
Days on Market
58 days
Land Size
0.12 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,001
HOA Dues
-
Year Built
1922

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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: 6 months ago (OneKey MLS #KEYL3570173)

Price History

Date / Event Date Event Price
Sep 30, 2024 Sold
Premium
Sold
Aug 3, 2024 Listed by World Prop Intl Sea to Sky $675,000
Listed by World Prop Intl Sea to Sky
Jul 18, 2023 Temporarily off market -
Temporarily off market
Jun 26, 2023 Listed by Realty Trends Corp $375,000
Listed by Realty Trends Corp
May 1, 2023 No longer available -
No longer available
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1922
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 180
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,455
  • Building Area: 1,455
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,455
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 001

Neighborhood

  • School District Name: Hempstead Union Free School District
  • School Tax School District: 001
  • School Tax District Code 2: HEM
  • Census Tract: 407101

Geography

  • District: 282013
  • Section: 36
  • Parcel: 36-027-00-0149
  • Block: 27
  • Lot: 149
  • Municipality: HEMPSTEAD
  • Latitude: 40.6933
  • Longitude: -73.6157

    Address

  • Full Address: 61 Pierson Ave
  • Address - House Number: 61
  • Address - Street Name: Pierson
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Hempstead
  • Carrier Code: C014
  • 4-Digit Zip Code: 6939
  • Zip Code: 11550

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $883,143
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 399

    Appraisal Valuation

  • Standard Deviation: 0.0933
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 91
  • Final Value: 376,716
  • High Value: 411,886
  • Low Value: 341,545

    Market Valuation

  • Market Total Value: $325,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $325
  • Assessed Land Value: $116
  • Assessed Improvements Value: $209

    Sales

  • Current Sale Contract Date: May 03, 2006
  • Current Sale Recording Date: May 12, 2006
  • 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 Hempstead

Stats & Trends

Median Asking:

$659,000

Sale Price/ft²

$437

Below Asking

0.01%

Average Days on Market

97

Average Home Size

1575 ft²

Average Home Age

80.9 years

Currently For Sale

69 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 111 Hempstead Turnpike, West Hempstead, NY, 11552

$7,488 /mo

  • 3 Beds
  • 2 Baths
  • 2,412 ft²
111 Hempstead Turnpike, West Hempstead, NY, 11552 Listing by Danielle Zangre ABR PSA SFR

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 6 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 61 Pierson Avenue built and last sold?
The property at 61 Pierson Avenue was built in 1922 and last sold on May 3, 2006 for $240,000.
How much is this home worth?
The estimated value of the home located at 61 Pierson Avenue is $681,750.
What are some comparable homes to 61 Pierson Avenue?
There are currently no comparable homes to 61 Pierson Avenue.
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