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Ridge 11961 Ridge
7 Pond Lane
$612,000
● House - Off Market

7 Pond Lane

Brookhaven, NY 11961
bedrooms
5 Beds
bathrooms
3 Baths
$561,674
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

A house that will "WOW: you at first sight! This absolute Diamond Beauty is renovated like NEW from top to bottom.  Custom Kitchen/quartz counter, subway backsplash & SS appliances. 3 Hi End Custom Baths, Gleaming hardwd flrs, New WINDOWS/SIDING/CAC & so Much More.  Land/Horse Lovers Dream & as a BONUS, lower level completely finished to NEW for extended family or income potential w/proper permits 1.24 Acres of Luscious fenced Land w/ landscaping. GIDDYUP this 1 is going FAST!, Additional information: Appearance:Like New,Interior Features:Guest Quarters,Lr/Dr,Separate Hotwater Heater:Yes
Unit Size
-
Days on Market
-
Land Size
1.24 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,008
HOA Dues
-
Year Built
1960

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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: 5 months ago (OneKey MLS #KEYL3390498)

Price History

Date / Event Date Event Price
Oct 13, 2022 Sold
Premium
Sold
Jul 8, 2022 Sold
Premium
Sold
May 4, 2022 In contract -
In contract
Apr 26, 2022 Price Decreased $549,000
↓ $76K (12.2%)
Price Decreased
Apr 26, 2022 Price Increased $625,000
↑ $275K (78.6%)
Price Increased
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 54,014
  • Total Building Area: 1,876
  • Building Area: 1,876
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 1,876
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIDGE
  • Land Acres: 0000001240
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: N CAMPOS T10101 E ENGEL S POND LANE W LARRIE & ANO

Neighborhood

  • School District Name: Longwood Central School District
  • School Tax School District: LONGWOOD
  • Census Tract: 158710

Geography

  • Assessors Map Reference: MAP 8700000
  • Account Number: 00008732484
  • District: 0200-3
  • Section: 351.00
  • Parcel: 0200-351.00-03.00-034.002
  • Block: 3
  • Lot: 34.002
  • Municipality: BROOKHAVEN
  • Latitude: 40.8928
  • Longitude: -72.8899

    Address

  • Full Address: 7 Pond Ln
  • Address - House Number: 7
  • Address - Street Name: Pond
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Ridge
  • Carrier Code: R008
  • 4-Digit Zip Code: 2634
  • Zip Code: 11961

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 472212

    Appraisal Valuation

  • Standard Deviation: 0.2692
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 61
  • Final Value: 623,110
  • High Value: 790,860
  • Low Value: 455,361

    Market Valuation

  • Market Total Value: $5,130
  • Market Land Value: $556
  • Market Improvement Value: $4,574

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,770
  • Assessed Land Value: $300
  • Assessed Improvements Value: $2,470

    Sales

  • Current Sale Contract Date: Jul 05, 2022
  • Current Sale Recording Date: Oct 13, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Apr 25, 2022
  • Previous Sale Contract Date: Jan 19, 2022
  • Previous Sale Amount: $350,000
  • Previous 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 Ridge

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$366

Below Asking

0.01%

Average Days on Market

83

Average Home Size

1469 ft²

Average Home Age

46.5 years

Currently For Sale

52 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 311 Woodbridge Drive, Ridge, NY, 11961

$2,350 /mo

  • 1 Bed
  • 1 Bath
  • 684 ft²
311 Woodbridge Drive #D, Ridge, NY, 11961 Listing by Laura Ruhnke SRES
Unit for rent at 5 Independence Court, Ridge, NY, 11961

$2,700 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
5 Independence Court #5A, Ridge, NY, 11961 Listing by Sherri Cruz CBR

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 5 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 7 Pond Lane built and last sold?
The property at 7 Pond Lane was built in 1960 and last sold on Jul 5, 2022 for $6,124,000.
How much is this home worth?
The estimated value of the home located at 7 Pond Lane is $554,490.
What are some comparable homes to 7 Pond Lane?
There are currently no comparable homes to 7 Pond Lane.
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