by RH Advisors

See Home Value
Riverhead 11901
69 Philip Street
$400,000
● House - Off Market

69 Philip Street

Riverhead, NY 11901
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,035 Ft²
$2,272
Est. Monthly
45.06%
Cap Rate

About This Property

Calling all savvy investors! 69 Philip St is a prime income-generating property located in the thriving Riverhead community. This charming 3-bedroom, 1-bathroom home, complete with a versatile office space, offers an ideal investment for those looking to expand their real estate portfolio. With tenants already in place, this is a seamless opportunity for immediate cash flow.  The property features a large front patio, perfect for tenant relaxation or entertaining, and a well-maintained interior with a functional layout. The spacious living areas and natural light make this home appealing to renters, ensuring continued demand. The added bonus of a dedicated office provides versatility for tenants working from home or needing extra space.  Located just minutes from Riverhead's attractions-including North Fork wineries, parks, and beaches-this property offers long-term rental appeal. Tenants will appreciate the nearby shopping, dining, and recreational options, including Tanger Outlets and Splish Splash waterpark.  With  a strong local rental market, this is a must-see for investors looking to secure a reliable, low-maintenance asset., Additional information: Appearance:Good,Separate Hotwater Heater:No
Unit Size
1,035 Ft²
Days on Market
168 days
Land Size
0.23 acres
Price per sqft
$377
Property Type
House
Property Taxes
$357
HOA Dues
-
Year Built
1955

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Last updated: 4 months ago (OneKey MLS #KEYL3580081)

Price History

Date / Event Date Event Price
Mar 5, 2025 Sold
Sold
Dec 4, 2024 In contract -
In contract
Sep 18, 2024 Listed by Compass Greater NY LLC $390,000
Listed by Compass Greater NY LLC
Jan 7, 2014 Sold
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 10
  • 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: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 1,700
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,035
  • Building Area: 1,035
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,035
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MILL BROOK GABLES
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: *1544 LOT 117 MILL BROOK GABLES

Neighborhood

  • School District Name: Riverhead Central School District
  • School Tax School District: RIVERHEAD
  • Census Tract: 169800

Zoning

  • Zoning: 03 - MULTI

Geography

  • Account Number: 17
  • District: 0600-1
  • Section: 106.00
  • Parcel: 0600-106.00-01.00-019.000
  • Block: 1
  • Lot: 19.000
  • Municipality: RIVERHEAD
  • Latitude: 40.9305
  • Longitude: -72.6523

    Address

  • Full Address: 69 Philip St
  • Address - House Number: 69
  • Address - Street Name: Philip
  • Address - Suffix Type: St
  • State: NY
  • City Name: Riverhead
  • Carrier Code: C012
  • 4-Digit Zip Code: 2570
  • Zip Code: 11901

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $210,628
  • Tax Rate Code Area: 473002

    Appraisal Valuation

  • Standard Deviation: 0.2692
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 61
  • Final Value: 505,962
  • High Value: 642,174
  • Low Value: 369,751

    Market Valuation

  • Market Total Value: $209,903
  • Market Land Value: $71,044
  • Market Improvement Value: $138,859

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $19,500
  • Assessed Land Value: $6,600
  • Assessed Improvements Value: $12,900

    Sales

  • Current Sale Contract Date: Dec 16, 2013
  • Current Sale Recording Date: Jan 07, 2014
  • Current Sale Price:
  • Current Sale Document Type: 12
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Riverhead


Similar Homes for Sale

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Nearby Rentals

Unit for rent at 47 Whitebrook Drive, Riverhead, NY, 11901

$4,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,500 ft²
47 Whitebrook Drive, Riverhead, NY, 11901 Listing by Thomas Panebianco
Unit for rent at 205 Osborn Avenue, Riverhead, NY, 11901

$4,200 /mo

  • 2 Beds
  • 2 Baths
205 Osborn Avenue, Riverhead, NY, 11901 Listing by Judi McAvoy


Frequently Asked Questions

When was property at 69 Philip Street built and last sold?
The property at 69 Philip Street was built in 1955 and last sold on Dec 16, 2013 for $10,000.
How much is this home worth?
The estimated value of the home located at 69 Philip Street is $397,533.
What are some comparable homes to 69 Philip Street?
There are currently no comparable homes to 69 Philip Street.