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Hempstead 11550 Hempstead
70 Ormond Street
$364,000
● House - Off Market

70 Ormond Street

Hempstead, NY 11550
bedrooms
3 Beds
bathrooms
1 Bath
$531,021
RealtyHop Estimate
49.58%
Since Apr 1, 2019
National-US
Primary Model

About This Property

Fully Renovated Turn Key Ready, Transportation Including Long Island Rail Road And Buses Just A Few Blocks Away. Near Supermarkets, Shopping Center. Hurry! Wont Last. All Information Is Deemed Reliable, Must Be Re-Verified By Purchaser(S)., Additional information: Appearance:Renovated
Unit Size
-
Days on Market
-
Land Size
0.12 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,062
HOA Dues
-
Year Built
1918

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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 #KEYL3038385)

Price History

Date / Event Date Event Price
Mar 21, 2019 Sold
Premium
Sold
Jun 11, 2018 Listed by Core Realty Success $355,000
Listed by Core Realty Success
Mar 27, 2018 Sold
Premium
Sold
Jan 9, 2018 Listed by Core Realty Success $239,000
Listed by Core Realty Success

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1918
  • Effective Year Built: 1918
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 600
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,435
  • Building Area: 1,435
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,435
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TOWN OF HEMPSTEAD
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 001

Neighborhood

  • School District Name: Hempstead Union Free School District
  • School Tax School District: 001
  • School Tax District Code 2: HEM
  • Census Tract: 406802

Geography

  • District: 282013
  • Section: 34
  • Parcel: 34-206-00-0462
  • Block: 206
  • Lot: 462
  • Municipality: HEMPSTEAD
  • Latitude: 40.7174
  • Longitude: -73.6232

    Address

  • Full Address: 70 Ormond St
  • Address - House Number: 70
  • Address - Street Name: Ormond
  • Address - Suffix Type: St
  • State: NY
  • City Name: Hempstead
  • Carrier Code: C007
  • 4-Digit Zip Code: 1719
  • Zip Code: 11550

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $874,312
  • Tax Rate Code Area: 399

    Appraisal Valuation

  • Standard Deviation: 0.1779
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 76
  • Final Value: 528,419
  • High Value: 622,426
  • Low Value: 434,412

    Market Valuation

  • Market Total Value: $333,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $333
  • Assessed Land Value: $111
  • Assessed Improvements Value: $222

    Sales

  • Current Sale Contract Date: Mar 13, 2019
  • Current Sale Recording Date: Mar 21, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2019-024800
  • Previous Sale Recording Date: Mar 27, 2018
  • Previous Sale Contract Date: Mar 09, 2018
  • Previous Sale Amount: $220,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
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 Hempstead

Stats & Trends

Median Asking:

$650,000

Sale Price/ft²

$424

Below Asking

0.01%

Average Days on Market

93

Average Home Size

1514 ft²

Average Home Age

81.5 years

Currently For Sale

62 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

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$6,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,499 ft²
101 Searing Avenue #307, Mineola, NY, 11501 Listing by Julia Krispeal
Unit for rent at 74 Mulberry Ave., Garden City, NY, 11530

$7,500 /mo

  • 4 Beds
  • 2 Baths
  • 2,102 ft²
74 Mulberry Ave., Garden City, NY, 11530 Listing by Laura S. Carroll
Unit for rent at 147 Main Street, Mineola, NY, 11501

$3,300 /mo

  • 1 Bed
  • 1 Bath
  • 1,100 ft²
147 Main Street #3B, Mineola, NY, 11501 Listing by Anthony Testa Jr

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 70 Ormond Street built and last sold?
The property at 70 Ormond Street was built in 1918 and last sold on Mar 13, 2019 for $364,000.
How much is this home worth?
The estimated value of the home located at 70 Ormond Street is $358,550.
What are some comparable homes to 70 Ormond Street?
There are currently no comparable homes to 70 Ormond Street.
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