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Kings Point 11024 Kings Point
7 Cherry Brook
$840,000
● House - Off Market

7 Cherry Brook

Great Neck, NY 11024
bedrooms
3 Beds
bathrooms
3 Baths
$839,999
RealtyHop Estimate
0.00%
Since Dec 1, 2023
NY-New York
Primary Model

About This Property

Wonderful Expanded Cape Mid Block Location in Lake Success Hills, in a secluded area in Great Neck zoned for Manhasset School District. This house invites you in on the first floor with a spacious Living Room, Formal Dining Room, and an Eat In Kitchen.  Main Bedroom with a Full Bathroom.  Upstairs has 2 Spare Bedrooms, and a Full Bathroom.  Finished Basement with an Outside Entrance, Room for Extended Family. Long Driveway with a Huge Garage. Centrally located to all major highways, shopping, and parks.  Close to LIRR.  This is a must See!
Unit Size
-
Days on Market
-
Land Size
0.14 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,031
HOA Dues
-
Year Built
1951

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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: 3 years ago (OneKey MLS #3495798)

Price History

Date / Event Date Event Price
Nov 6, 2023 Sold
Premium
Sold
Aug 28, 2023 In contract -
In contract
Aug 4, 2023 Listed by Coldwell Banker American Homes $839,999
Listed by Coldwell Banker American Homes
Mar 14, 1997 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Total Rooms: 11
  • Bedroom Count: 0
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: 3
  • Building Quality: 5
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 39,596
  • Lot Size Depth Feet: 2,340
  • Lot Size Frontage Feet: 1,760
  • Total Building Area: 4,005
  • Building Area: 4,005
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 4,005
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000909
  • 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: KP
  • Census Tract: 300100

Geography

  • District: 282217
  • Section: 1
  • Parcel: 01-149-00-0017
  • Block: 149
  • Lot: 17
  • Municipality: KINGS POINT
  • Latitude: 40.8209
  • Longitude: -73.7473

    Address

  • Full Address: 7 Cherry Ln
  • Address - House Number: 7
  • Address - Street Name: Cherry
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Great Neck
  • Carrier Code: C024
  • 4-Digit Zip Code: 1121
  • Zip Code: 11024

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,857,256
  • Tax Rate Code Area: 758

    Appraisal Valuation

  • Standard Deviation: 0.1809
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 76
  • Final Value: 2,453,101
  • High Value: 2,896,969
  • Low Value: 2,009,234

    Market Valuation

  • Market Total Value: $1,823,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,823
  • Assessed Land Value: $1,142
  • Assessed Improvements Value: $681

    Sales

  • Current Sale Contract Date: Jan 29, 1997
  • Current Sale Recording Date: Mar 14, 1997
  • 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 Great Neck

Stats & Trends

Median Asking:

$1,299,000

Sale Price/ft²

$649

Below Asking

0.01%

Average Days on Market

102

Average Home Size

2782 ft²

Average Home Age

65.2 years

Currently For Sale

129 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 24 West End Avenue, Great Neck, NY, 11023

$3,300 /mo

  • 2 Beds
  • 1 Bath
  • 1,200 ft²
24 West End Avenue, Great Neck, NY, 11023 Listing by Leah Afriat
Unit for rent at 23 West Drive, Port Washington, NY, 11050

$3,450 /mo

  • 1 Bed
  • 1 Bath
  • 1,300 ft²
23 West Drive, Port Washington, NY, 11050 Listing by Diane E. Andersen
Unit for rent at 14 Beach Road, Great Neck, NY, 11023

$3,300 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
14 Beach Road #3C, Great Neck, NY, 11023 Listing by Janet Etessami

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 3 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 7 Cherry Lane built and last sold?
The property at 7 Cherry Lane was built in 1951 and last sold on Jan 29, 1997 for $850,000.
How much is this home worth?
The estimated value of the home located at 7 Cherry Lane is $848,399.
What are some comparable homes to 7 Cherry Lane?
There are currently no comparable homes to 7 Cherry Lane.
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