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Great Neck 11023 Great Neck
68 Colgate Road
$1,176,000
● House - Off Market

68 Colgate Road

Great Neck, NY 11023
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$1,500,238
RealtyHop Estimate
20.12%
Since Aug 1, 2021
NY-New York
Primary Model

About This Property

This lovingly maintained Baker Hill side hall colonial offers 2400 SF of living space and generously proportioned rooms throughout. The open layout kitchen has both a breakfast bar as well as a spacious eating area, adjoining a family room highlighted by a corner fireplace and half-vaulted ceiling. A living room with a wood-burning fireplace, opening into a formal dining room, are ideal for entertaining. Upstairs features a master bedroom suite with cathedral ceiling and walk-in closet as well as 3 spacious bedrooms and recently renovated full bath with both tub and stall shower. Home also features a full finished basement, powder room and sizable deck off the kitchen. Prime location near Baker Elementary, Memorial Field as well as shopping and houses of worship.
Unit Size
-
Days on Market
127 days
Land Size
0.13 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,523
HOA Dues
-
Year Built
1948

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 3 years ago (OneKey MLS #ONE3295960)

Price History

Date / Event Date Event Price
Oct 26, 2021 Sold
Premium
Sold
Jul 23, 2021 Sold
Premium
Sold
Apr 9, 2021 In contract -
In contract
Mar 18, 2021 Listed by Douglas Elliman Real Estate $1,249,000
Listed by Douglas Elliman Real Estate
Aug 22, 1996 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 210
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 550
  • Total Building Area: 2,362
  • Building Area: 2,362
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,362
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000126
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #2 SCH DIST 007

Neighborhood

  • School District Name: Great Neck Union Free School District
  • School Tax School District: 007
  • School Tax District Code 2: GN
  • Census Tract: 300400

Geography

  • District: 282209
  • Section: 1
  • Parcel: 01-061-00-0135
  • Block: 61
  • Lot: 135
  • Municipality: GREAT NECK
  • Latitude: 40.801
  • Longitude: -73.7307

    Address

  • Full Address: 68 Colgate Rd
  • Address - House Number: 68
  • Address - Street Name: Colgate
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Great Neck
  • Carrier Code: C031
  • 4-Digit Zip Code: 1540
  • Zip Code: 11023

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,768,723
  • Tax Rate Code Area: 755

    Appraisal Valuation

  • Standard Deviation: 0.1789
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 76
  • Final Value: 1,301,959
  • High Value: 1,534,890
  • Low Value: 1,069,029

    Market Valuation

  • Market Total Value: $1,060,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,060
  • Assessed Land Value: $463
  • Assessed Improvements Value: $597

    Sales

  • Current Sale Contract Date: Jul 23, 2021
  • Current Sale Recording Date: Oct 26, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2021-139220
  • Previous Sale Recording Date: Aug 22, 1996
  • Previous Sale Contract Date: Aug 07, 1996
  • Previous Sale Amount: $422,000
  • Previous Sale Document Type: 27

    Previous Mortgages

  • Previous Mortgage Lender:
    Premium
  • Previous Mortgage Transaction Date:
    Premium
  • Previous Mortgage Loan Amount:
    Premium
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 Great Neck

Stats & Trends

Median Asking:

$1,298,000

Sale Price/ft²

$652

Below Asking

0.01%

Average Days on Market

101

Average Home Size

2701 ft²

Average Home Age

64.9 years

Currently For Sale

139 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 60 Highland Place, Great Neck, NY, 11020

$6,000 /mo

  • 5 Beds
  • 3 Baths
  • 1,949 ft²
60 Highland Place, Great Neck, NY, 11020 Listing by Baimei Wan
Unit for rent at 30 Highland Place, Great Neck, NY, 11020

$6,000 /mo

  • 5 Beds
  • 3 Baths
  • 1,586 ft²
30 Highland Place, Great Neck, NY, 11020 Listing by Baimei Wan
Unit for rent at 15 Maple Grove Street, Great Neck, NY, 11023

$5,300 /mo

  • 4 Beds
  • 2 Baths
  • 1,383 ft²
15 Maple Grove Street, Great Neck, NY, 11023 Listing by Akhtar Y. Somekh

Rentals Near You

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OneKey

Last Updated: 3 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 68 Colgate Road built and last sold?
The property at 68 Colgate Road was built in 1948 and last sold on Jul 23, 2021 for $1,176,000.
How much is this home worth?
The estimated value of the home located at 68 Colgate Road is $1,261,490.
What are some comparable homes to 68 Colgate Road?
There are currently no comparable homes to 68 Colgate Road.
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