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Mastic 11950 Mastic
7 Lafayette Avenue
$350,000
House - In Contract

7 Lafayette Avenue

Mastic, NY 11950
bedrooms
3 Beds
bathrooms
1 Bath
$1,956
Estimated Monthly
$0
HOA / Fees
12.99%
Cap Rate

About This Property

Welcome to an outstanding investment opportunity in Mastic. This cape-style home, featuring 3 bedrooms and 1 bath, comes with a current tenant in place until next January. The property is Section 8 approved, and the approval seamlessly transfers with the house, offering a hassle-free investment transition for the new owner (reapplication for the rental permit required). This property is a smart choice for investors seeking value and potential. The functional layout creates a warm and inviting atmosphere, making this home an ideal residence for tenants. One of the key advantages of this investment is its Section 8 status, providing a steady income stream and increased stability. The new owner will need to reapply for the rental permit, and with the existing tenant in place until next January, you can enjoy immediate returns on your investment. Benefiting from low taxes, this property enhances its appeal as an attractive investment opportunity.
Unit Size
-
Days on Market
-
Land Size
0.18 acres
Price per sqft
-
Property Type
House
Property Taxes
$237
HOA Dues
-
Year Built
1927
Listed By
Karen Roth
RE/MAX Integrity Leaders
Last updated: 7 days ago (OneKey MLS #ONE3528161)

Price History

Date / Event Date Event Price
Apr 23, 2024 In contract -
In contract
Jan 29, 2024 Listed by RE/MAX Integrity Leaders $350,000
Listed by RE/MAX Integrity Leaders
Jul 19, 2017 Sold to Frank Santanello $149,000
Sold to Frank Santanello

Property Highlights

Parking Details
Parking Features: Private, Driveway
Interior Details

Bathroom Information

Full Bathrooms: 1

Room 1

Level: First
Type: Living Room

Room 2

Level: First
Type: Kitchen

Room 3

Level: First
Type: 2 Bedrooms

Room 4

Level: First
Type: Full Bathroom

Room 5

Level: Second
Type: Bedroom

Room 6

Level: Second
Type: Den/Office

Room Information

Rooms: 6

Basement Information

Basement: Crawl Space

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1927
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 960
  • Building Area: 960
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Radiant
  • Heated Square Feet: 960
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MASTIC PARK
  • Land Acres: 0.18
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MASTIC PARK 753 SEC 2 659 TO 662 INC

Ownership

  • Current Owner : SANTANELLO FRANK
  • Previous Owner : 7 LAFAYETTE AVENUE CORP
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: William Floyd Union Free School District
  • School Tax School District: WILLIAM FLOYD
  • Census Tract: 159416

Geography

  • Assessors Map Reference: MAP 4500753
  • Account Number: 00004502780
  • District: 0200-8
  • Section: 824.00
  • Parcel: 0200-824.00-07.00-021.000
  • Block: 7
  • Lot: 21.000
  • Municipality: BROOKHAVEN
  • Latitude: 40.8079
  • Longitude: -72.8373

    Address

  • Full Address: 7 Lafayette Ave
  • Address - House Number: 7
  • Address - Street Name: Lafayette
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Mastic
  • Carrier Code: C001
  • 4-Digit Zip Code: 2805
  • Zip Code: 11950

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 472232

    Appraisal Valuation

  • Standard Deviation: 0.2717
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 82
  • Final Value: 344,958
  • High Value: 395,232
  • Low Value: 294,684

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $119,200
  • First Open Lien Mortgage Lender: PHH HOME LOANS LLC
  • First Open Lien Mortgage Recording Date: Jul 19, 2017
  • First Open Lien Mortgage Loan Amount: $119,200
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2047

    Market Valuation

  • Market Total Value: $1,185
  • Market Land Value: $222
  • Market Improvement Value: $963

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $640
  • Assessed Land Value: $120
  • Assessed Improvements Value: $520

    Sales

  • Current Sale Contract Date: Jul 11, 2017
  • Current Sale Recording Date: Jul 19, 2017
  • Current Sale Transaction ID: 1733416066
  • Current Sale Price: $149,000
  • Current Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: PHH HOME LOANS LLC
  • First Mortgage Transaction Date: Jul 19, 2017
  • First Mortgage Loan Amount: $119,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2047

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
-
$340,000 Nov 16, 2020
$340,000 Mar 18, 2021
$616/mo
House
3 Beds
2 Baths
-
$384,000 Aug 6, 2021
$384,000 Dec 3, 2021
$665/mo
House
3 Beds
2 Baths
-
$410,000 Feb 26, 2022
$410,000 Apr 26, 2022
$612/mo
House
3 Beds
2 Baths
-
$450,000 Jul 13, 2023
$450,000 Sep 21, 2023
$550/mo
House
2 Beds
2 Baths
-
$360,500 Jan 2, 2024
$360,500 Mar 28, 2024
$362/mo
House
4 Beds
2 Baths
-
$315,000 Sep 19, 2019
$315,000 Jan 3, 2020
$684/mo
In Contract
House
3 Beds
2 Baths
-
$349,000 Oct 17, 2022
-
$559/mo
In Contract
House
3 Beds
2 Baths
-
$399,000 Sep 20, 2023
-
$836/mo
House
3 Beds
2 Baths
-
$405,000 Feb 19, 2024
-
$704/mo
House
4 Beds
2 Baths
-
$369,990 Sep 20, 2023
-
$694/mo
House
2 Beds
2 Baths
-
$329,000 Oct 16, 2023
-
$241/mo
House
4 Beds
2 Baths
-
$385,000 Apr 27, 2024
-
$454/mo

About Mastic


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Frequently Asked Questions

When was property at 7 Lafayette Avenue built and last sold?
The property at 7 Lafayette Avenue was built in 1927 and last sold on Jul 11, 2017 for $149,000.
How much is this home worth?
The estimated value of the home located at 7 Lafayette Avenue is $353,500.
What are some comparable homes to 7 Lafayette Avenue?
Homes that are comparable to 7 Lafayette Avenue include a house property at 111 A Wood Avenue, 20 Hart Place, 44 Franklin Avenue.

Nearby Counties
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