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Kings Park 11754 Kings Park
7 Hoffman Drive
Photo of 7 Hoffman Drive
Sold on Jan 27, 2023

18

Map

Photo of 7 Hoffman Drive
Photo of 7 Hoffman Drive
$570,000
↓ $30K (4.5%)
● House - Off Market

7 Hoffman Drive

Smithtown, NY 11754
bedrooms
5 Beds
bathrooms
3 Baths
$666,923
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

Conveniently located! near shopping, train station, and Sunken Meadow Parkway. As you enter this Large  well maintained home you are introduced to the Living Room, Dining Room & Kitchen with abundant natural light illuminated from Anderson Bay Window and Glass Sliders overlooking the Pool. The New White Cabinet Lined Kitchen with quartz counters, stainless steel appliances also houses a Laundry closet. A Primary Suite with a full Bath, plus two more Bedrooms and Bath complete the Main Floor. The walkout lower level features 2 Bedrooms and a Bath and a Great Room that leads to  the  pool., Additional information: Appearance:Mint,Interior Features:Guest Quarters
Unit Size
-
Days on Market
-
Land Size
0.16 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,018
HOA Dues
-
Year Built
1988

Payment Calculator

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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 #KEYL3406847)

Price History

Date / Event Date Event Price
Sep 18, 2023 Price Decreased $629,999
↓ $30K (4.6%)
Price Decreased
Sep 17, 2023 Price Increased $659,999
↑ $90K (15.8%)
Price Increased
Sep 17, 2023 Relisted $570,000
Relisted
Jan 27, 2023 Sold
Premium
Sold
Dec 1, 2022 In contract -
In contract
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 700
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 10

    Dimensions

  • Lot Size Square Feet: 6,970
  • Total Building Area: 2,089
  • Building Area: 2,089
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,089
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000160
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: 24.-2-16.1 J NICHOLS STACHE K NICHOLS HOFFMAN DR

Neighborhood

  • School District Name: Kings Park Central School District
  • School Tax School District: KINGS PARK
  • Census Tract: 134702

Geography

  • District: 0800-0
  • Section: 24.00
  • Parcel: 0800-024.00-02.00-016.001
  • Block: 2
  • Lot: 16.001
  • Municipality: SMITHTOWN
  • Latitude: 40.884
  • Longitude: -73.2603

    Address

  • Full Address: 7 Hoffman Dr
  • Address - House Number: 7
  • Address - Street Name: Hoffman
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Kings Park
  • Carrier Code: C009
  • 4-Digit Zip Code: 3653
  • Zip Code: 11754

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,032,977
  • Tax Rate Code Area: 473405

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 598,789
  • High Value: 685,175
  • Low Value: 512,403

    Market Valuation

  • Market Total Value: $5,885
  • Market Land Value: $172
  • Market Improvement Value: $5,713

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,120
  • Assessed Land Value: $150
  • Assessed Improvements Value: $4,970

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 Kings Park

Stats & Trends

Median Asking:

$739,500

Sale Price/ft²

$422

Below Asking

0.01%

Average Days on Market

78

Average Home Size

1915 ft²

Average Home Age

61.9 years

Currently For Sale

21 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 12 Glenridge Lane, Kings Park, NY, 11754

$8,200 /mo

  • 4 Beds
  • 3 Baths
  • 4,000 ft²
12 Glenridge Lane, Kings Park, NY, 11754 Listing by Eliot R. Lonardo 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 Hoffman Drive built and last sold?
The property at 7 Hoffman Drive was built in 1988 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 7 Hoffman Drive is $636,299.
What are some comparable homes to 7 Hoffman Drive?
There are currently no comparable homes to 7 Hoffman Drive.
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