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Syosset 11791 Syosset
7 Edgewood Drive
Photo of 7 Edgewood Drive
Sold on Mar 15, 2023

22

Map

Photo of 7 Edgewood Drive
Photo of 7 Edgewood Drive
$700,000
● House - Off Market

7 Edgewood Drive

Oyster Bay, NY 11791
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
$771,832
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

North Syosset, Terrific Expanded Cape featuring 3/4 bedrooms & 1 full updated Bath & 1 Half bathroom. This home boasts a quiet, midblock location in the heart of neighborhood. The 1st floor features a Formal Living Room, Eat-In Kitchen, Den/Bedroom, Bedroom, Full Bath & separate Laundry/Utility/Storage Room.  The 2nd floor is dormered & features 2 Large Bedrooms one with 2 large walk-in closets and 1/2 Bath. The flexible floor plan allows for the Primary bedroom to be on the 1st or 2nd floor. The property is professionally landscaped with gorgeous specimen plantings and a spacious backyard featuring 2 patios including a covered patio and a Large 2 Car detached Garage with lots of storage. Upgrades include Siding, Driveway, Paver walkway & apron, Heating system, 200 Amp Electric, Windows, Roof, Inground Sprinklers, garage doors more. Some hardwood floors!  Close proximity to LIRR, easy access to highways and shopping! This charming home Is a commuter's dream. Syosset School District., Additional information: Appearance:Excellent
Unit Size
-
Days on Market
-
Land Size
0.16 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,534
HOA Dues
-
Year Built
1950

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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 #KEYL3445634)

Price History

Date / Event Date Event Price
Dec 15, 2022 In contract -
In contract
Nov 29, 2022 Listed by Douglas Elliman Real Estate $749,000
Listed by Douglas Elliman Real Estate

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 175
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,900
  • Lot Size Depth Feet: 1,210
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,464
  • Building Area: 1,464
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,464
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000158
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #3 SCH DIST 014

Neighborhood

  • School District Name: Syosset Central School District
  • School Tax School District: 014
  • Census Tract: 518400

Geography

  • District: 282489
  • Section: 15
  • Parcel: 15-074-00-0032
  • Block: 74
  • Lot: 32
  • Municipality: OYSTER BAY UNINCORPORATED
  • Latitude: 40.8153
  • Longitude: -73.4993

    Address

  • Full Address: 7 Edgewood Dr
  • Address - House Number: 7
  • Address - Street Name: Edgewood
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Syosset
  • Carrier Code: C002
  • 4-Digit Zip Code: 4102
  • Zip Code: 11791

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,551,509
  • Tax Rate Code Area: 588

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 842,529
  • High Value: 978,490
  • Low Value: 706,569

    Market Valuation

  • Market Total Value: $625,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $625
  • Assessed Land Value: $332
  • Assessed Improvements Value: $293

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 03, 2023
  • Current Sale Recording Date: Mar 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2023-16653
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 Syosset

Stats & Trends

Median Asking:

$1,250,000

Sale Price/ft²

$599

Below Asking

0.01%

Average Days on Market

85

Average Home Size

2860 ft²

Average Home Age

47.9 years

Currently For Sale

38 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 20 Baylis Place, Syosset, NY, 11791

$5,600 /mo

  • 3 Beds
  • 3 Baths
  • 1,936 ft²
20 Baylis Place, Syosset, NY, 11791 Listing by Kok Lim Tsun
Unit for rent at 14 Hicks Avenue, Syosset, NY, 11791

$5,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,071 ft²
14 Hicks Avenue, Syosset, NY, 11791 Listing by Batul N. Morbi GRI
Unit for rent at 6 Dawes Avenue, Syosset, NY, 11791

$4,900 /mo

  • 4 Beds
  • 2 Baths
  • 1,453 ft²
6 Dawes Avenue, Syosset, NY, 11791 Listing by Myung Hee Yoon CBR

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 7 Edgewood Drive built and last sold?
The property at 7 Edgewood Drive was built in 1950 and last sold on Feb 3, 2023 for $700,000.
How much is this home worth?
The estimated value of the home located at 7 Edgewood Drive is $756,490.
What are some comparable homes to 7 Edgewood Drive?
There are currently no comparable homes to 7 Edgewood Drive.
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