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Patchogue 11772 Patchogue
7 S Prospect Avenue
$605,000
● House - Off Market

7 S Prospect Avenue

Brookhaven, NY 11772
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
$3,652
Est. Monthly
6.39%
Cap Rate

About This Property

This home showcases classic features like original moldings, a vintage staircase, stained glass window, hardwood floors, and a built-in dining room hutch. Thoughtful updates blend seamlessly with its historic character, including a new paver patio, updated cesspools, a gas heating system, a new driveway and garage door, and a fully fenced half-acre property. The front and rear yards feature inground sprinklers, with plenty of space to add a pool-and so much more! A detailed list of all upgrades will be available for your convenience. Located in the vibrant bayside village of Patchogue, this home is just minutes from Fire Island ferries, acclaimed restaurants, and boutique shops. Don't miss the chance to make this beautiful property your own!, Additional information: Appearance:Beautiful,Separate Hotwater Heater:Yes
Unit Size
-
Days on Market
-
Land Size
0.47 acres
Price per sqft
-
Property Type
House
Property Taxes
$809
HOA Dues
-
Year Built
1910

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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: 4 months ago (OneKey MLS #KEYL3586763)

Price History

Date / Event Date Event Price
Jan 24, 2025 Sold
Premium
Sold
Oct 22, 2024 Listed by Realty Connect USA L I Inc $579,000
Listed by Realty Connect USA L I Inc
Jan 3, 2019 Sold
Premium
Sold
Jun 19, 2018 Listed by Realty Connect USA L I Inc $349,000
Listed by Realty Connect USA L I Inc
Apr 6, 2016 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,473
  • Total Building Area: 1,260
  • Building Area: 1,260
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 1,260
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WIGGINS MILTON G
  • Land Acres: 0000000470
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: MILTON G WIGGINS 256 61 & S/23FT PLOT A

Neighborhood

  • School District Name: Patchogue-Medford Union Free School District
  • School Tax School District: PATCHOGUE-MEDFO
  • Census Tract: 158902

Geography

  • Assessors Map Reference: MAP 3100256
  • Account Number: 00003155170
  • District: 0204-0
  • Section: 15.00
  • Parcel: 0204-015.00-01.00-004.000
  • Block: 1
  • Lot: 4.000
  • Municipality: BROOKHAVEN
  • Latitude: 40.7596
  • Longitude: -73.0295

    Address

  • Full Address: 7 S Prospect Ave
  • Address - House Number: 7
  • Street Direction: S
  • Address - Street Name: Prospect
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Patchogue
  • Carrier Code: C022
  • 4-Digit Zip Code: 3209
  • Zip Code: 11772

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $698,392
  • Tax Rate Code Area: 472224

    Appraisal Valuation

  • Standard Deviation: 0.2785
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 60
  • Final Value: 544,601
  • High Value: 696,286
  • Low Value: 392,916

    Market Valuation

  • Market Total Value: $50,000
  • Market Land Value: $8,333
  • Market Improvement Value: $41,667

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,800
  • Assessed Land Value: $300
  • Assessed Improvements Value: $1,500

    Sales

  • Current Sale Contract Date: Dec 11, 2018
  • Current Sale Recording Date: Jan 03, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Apr 06, 2016
  • Previous Sale Contract Date: Dec 23, 2015
  • Previous Sale Amount: $6,000
  • Previous Sale Document Type: 12
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 Patchogue

Stats & Trends

Median Asking:

$565,000

Sale Price/ft²

$379

Below Asking

0.01%

Average Days on Market

84

Average Home Size

1598 ft²

Average Home Age

80.6 years

Currently For Sale

32 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 7 Park Avenue, Patchogue, NY, 11772

$3,600 /mo

  • 3 Beds
  • 1 Bath
  • 1,284 ft²
7 Park Avenue, Patchogue, NY, 11772 Listing by Minh Thu Vu Thai

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 7 South Prospect Avenue built and last sold?
The property at 7 South Prospect Avenue was built in 1910 and last sold on Dec 11, 2018 for $338,000.
How much is this home worth?
The estimated value of the home located at 7 South Prospect Avenue is $0.
What are some comparable homes to 7 South Prospect Avenue?
There are currently no comparable homes to 7 South Prospect Avenue.
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