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West Islip 11795 West Islip
712 Pease Lane
$662,000
● House - Off Market

712 Pease Lane

Islip, NY 11795
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,998 Ft²
$4,021
Est. Monthly
11.80%
Cap Rate

About This Property

When Opportunity Knocks!!  This Super Spacious, Five Bedroom Home has Windows Galore letting in Tons of Natural Sunlight, a Huge Living Room, Eat-In Kitchen and Cozy Step-Down Den.  This Home also has an Updated Roof Five Years Young, One-Car Garage, In-Ground Sprinklers, Central Air-Conditioning and Fenced in Yard with a Patio.  Don't Miss!!
Unit Size
1,998 Ft²
Days on Market
58 days
Land Size
0.23 acres
Price per sqft
$300
Property Type
House
Property Taxes
$1,075
HOA Dues
-
Year Built
1951

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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 #KEY824021)

Price History

Date / Event Date Event Price
Apr 11, 2025 Sold
Premium
Sold
Feb 27, 2025 In contract -
In contract
Feb 12, 2025 Listed by Douglas Elliman Real Estate $599,999
Listed by Douglas Elliman Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 240
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,274
  • Building Area: 1,998
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,998
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: X2195746Y174483 T053H00000000

Neighborhood

  • School District Name: West Islip Union Free School District
  • School Tax School District: WEST ISLIP
  • Census Tract: 146901

Zoning

  • Zoning: B

Geography

  • District: 0500-4
  • Section: 50.46
  • Parcel: 0500-468.00-01.00-053.000
  • Block: 8000
  • Lot: 100.053
  • Municipality: ISLIP
  • Latitude: 40.7023
  • Longitude: -73.2936

    Address

  • Full Address: 712 Pease Ln
  • Address - House Number: 712
  • Address - Street Name: Pease
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: West Islip
  • Carrier Code: C003
  • 4-Digit Zip Code: 3425
  • Zip Code: 11795

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 472809

    Appraisal Valuation

  • Standard Deviation: 0.2147
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 70
  • Final Value: 659,494
  • High Value: 801,147
  • Low Value: 517,841

    Market Valuation

  • Market Total Value: $573,489
  • Market Land Value: $109,890
  • Market Improvement Value: $463,599

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $41,750
  • Assessed Land Value: $8,000
  • Assessed Improvements Value: $33,750

    Exemptions

  • Veteran Exemption: Yes
  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 West Islip

Stats & Trends

Median Asking:

$749,999

Sale Price/ft²

$431

Below Asking

0.01%

Average Days on Market

83

Average Home Size

2251 ft²

Average Home Age

62.8 years

Currently For Sale

38 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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OneKey

Last Updated: 6 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 712 Pease Lane built and last sold?
The property at 712 Pease Lane was built in 1951 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 712 Pease Lane is $0.
What are some comparable homes to 712 Pease Lane?
There are currently no comparable homes to 712 Pease Lane.
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