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Patchogue 11772 Patchogue
63 Lake Shore Drive
Photo of 63 Lake Shore Drive
Sold on May 24, 2023

26

Map

Photo of 63 Lake Shore Drive
Photo of 63 Lake Shore Drive
$840,000
● House - Off Market

63 Lake Shore Drive

Brookhaven, NY 11772
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,800 Ft²
$865,660
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Spacious Contemporary three-story Ranch with spectacular panoramic views directly fronting on Great Patchogue Lake. Open floor plan with new eat-in-kitchen, new and remodeled baths, family sized formal dining room, sunken living room with wood burning fireplace. Sit back and enjoy the views on two story party size decks with walk-out access to ground level. Go fishing and kayaking from your own backyard. Enjoy downtown Main Street with popular restaurants, live music, theatre's comedy, plays and night life so much more. Great South Bay Marinas boating, wind sailing, jet skiing, sport pickleball courts, festivals and ferries  to Fire Island and the ocean. Nearby train station, major highways and Long Island McArthur Airport. This is your "TURN KEY" home. Perfect for all year entertaining, sitting by the fire on a cold winter's night or just enjoy the seasonal changing views., Additional information: Appearance:Mint,Separate Hotwater Heater:Y
Unit Size
3,800 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$226
Property Type
House
Property Taxes
$1,581
HOA Dues
-
Year Built
1988

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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: 2 years ago (OneKey MLS #KEYL3465910)

Price History

Date / Event Date Event Price
Aug 18, 2023 Sold
Premium
Sold
May 24, 2023 Sold
Premium
Sold
May 9, 2023 In contract -
In contract
Mar 21, 2023 Relisted $879,000
Relisted
Mar 21, 2023 Withdrawn -
Withdrawn
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,326
  • Total Building Area: 3,014
  • Building Area: 3,014
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,014
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PATCHOGUE LAKES PARK
  • Land Acres: 0000000260
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: PAT LAKE PARK 303 B18 11 TO 15 INC

Neighborhood

  • School District Name: Patchogue-Medford Union Free School District
  • School Tax School District: PATCHOGUE-MEDFO
  • Census Tract: 158901

Geography

  • Assessors Map Reference: MAP 3000303
  • Account Number: 00003024691
  • District: 0204-0
  • Section: 4.00
  • Parcel: 0204-004.00-08.00-004.001
  • Block: 8
  • Lot: 4.001
  • Municipality: BROOKHAVEN
  • Latitude: 40.7713
  • Longitude: -73.0235

    Address

  • Full Address: 63 Lake Shore Dr
  • Address - House Number: 63
  • Address - Street Name: Lake Shore
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Patchogue
  • Carrier Code: C012
  • 4-Digit Zip Code: 2323
  • Zip Code: 11772

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,424,922
  • Tax Rate Code Area: 472224

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 82
  • Final Value: 825,468
  • High Value: 944,556
  • Low Value: 706,379

    Market Valuation

  • Market Total Value: $109,861
  • Market Land Value: $13,889
  • Market Improvement Value: $95,972

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,955
  • Assessed Land Value: $500
  • Assessed Improvements Value: $3,455

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 24, 2023
  • Current Sale Recording Date: Aug 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jan 26, 2018
  • Previous Sale Contract Date: Dec 21, 2017
  • Previous Sale Amount: $101,250
  • 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 Patchogue

Stats & Trends

Median Asking:

$565,000

Sale Price/ft²

$379

Below Asking

0.01%

Average Days on Market

84

Average Home Size

1550 ft²

Average Home Age

79.8 years

Currently For Sale

33 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

Rentals Near You

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OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 63 Lake Shore Drive built and last sold?
The property at 63 Lake Shore Drive was built in 1988 and last sold on May 24, 2023 for $840,000.
How much is this home worth?
The estimated value of the home located at 63 Lake Shore Drive is $0.
What are some comparable homes to 63 Lake Shore Drive?
There are currently no comparable homes to 63 Lake Shore Drive.
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