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Medford 11763 Medford
70 Meyer Lane
$640,000
● House - Off Market

70 Meyer Lane

Brookhaven, NY 11763
bedrooms
4 Beds
bathrooms
2 Baths
$3,844
Est. Monthly
10.21%
Cap Rate

About This Property

This home will not last! Completely updated 4 bed/2 bath house nestled  in a quiet  neighborhood.  This completely updated home boasts an open floor plan that is great for entertaining.  quartz countertops, large center island, stainless steel appliances, central air, newly painted, new carpets in all bedrooms large attic with potential for more space and lots of storage. Too much to list. .  This is a  lovely home to raise a family!  Move right in., Additional information: Appearance:diamond,Interior Features:Lr/Dr
Unit Size
-
Days on Market
112 days
Land Size
0.28 acres
Price per sqft
-
Property Type
House
Property Taxes
$903
HOA Dues
-
Year Built
1973

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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: 6 months ago (OneKey MLS #KEYL3592778)

Price History

Date / Event Date Event Price
Mar 14, 2025 Sold
Premium
Sold
Dec 20, 2024 In contract -
In contract
Nov 22, 2024 Listed by Exit Realty Edge $599,000
Listed by Exit Realty Edge
Sep 3, 2022 Sold
Premium
Sold
Jul 14, 2022 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,197
  • Total Building Area: 1,296
  • Building Area: 1,296
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 1,296
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MEDFORD VILLAGE
  • Land Acres: 0000000280
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: MEDFORD VILLAGE 5835 SEC 3 230

Neighborhood

  • School District Name: Patchogue-Medford Union Free School District
  • School Tax School District: PATCHOGUE-MEDFO
  • Census Tract: 159108

Geography

  • Assessors Map Reference: MAP 2705835
  • Account Number: 00002710430
  • District: 0200-8
  • Section: 841.00
  • Parcel: 0200-841.00-03.00-003.000
  • Block: 3
  • Lot: 3.000
  • Municipality: BROOKHAVEN
  • Latitude: 40.8054
  • Longitude: -72.9726

    Address

  • Full Address: 70 Meyer Ln
  • Address - House Number: 70
  • Address - Street Name: Meyer
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Medford
  • Carrier Code: C011
  • 4-Digit Zip Code: 4139
  • Zip Code: 11763

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 472224

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 490,786
  • High Value: 561,590
  • Low Value: 419,981

    Market Valuation

  • Market Total Value: $4,306
  • Market Land Value: $463
  • Market Improvement Value: $3,843

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,325
  • Assessed Land Value: $250
  • Assessed Improvements Value: $2,075

    Sales

  • Current Sale Contract Date: Jul 15, 2022
  • Current Sale Recording Date: Sep 03, 2022
  • Current Sale Price:
    Premium
  • Current 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 Medford

Stats & Trends

Median Asking:

$589,495

Sale Price/ft²

$369

Above Asking

0.00%

Average Days on Market

78

Average Home Size

1813 ft²

Average Home Age

51.1 years

Currently For Sale

46 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 67 Ohio Avenue, Medford, NY, 11763

$3,800 /mo

  • 3 Beds
  • 1 Bath
  • 950 ft²
67 Ohio Avenue, Medford, NY, 11763 Listing by Luc Y. Jacques SFR ABR
Unit for rent at 303 Robinson Avenue, Patchogue, NY, 11772

$2,350 /mo

  • 1 Bed
  • 1 Bath
  • 708 ft²
303 Robinson Avenue #5, Patchogue, NY, 11772 Listing by Michelle Holmes
Unit for rent at 2 Michael Avenue, Bellport, NY, 11713

$3,995 /mo

  • 4 Beds
  • 2 Baths
  • 1,460 ft²
2 Michael Avenue, Bellport, NY, 11713 Listing by Binit Kumar

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 6 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 70 Meyer Lane built and last sold?
The property at 70 Meyer Lane was built in 1973 and last sold on Jul 15, 2022 for $499,999.
How much is this home worth?
The estimated value of the home located at 70 Meyer Lane is $604,990.
What are some comparable homes to 70 Meyer Lane?
There are currently no comparable homes to 70 Meyer Lane.
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