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Merrick 11566 Merrick
72 Beach Drive
Photo of 72 Beach Drive
Sold on Aug 30, 2022

15

Map

Photo of 72 Beach Drive
Photo of 72 Beach Drive
$535,000
● House - Off Market

72 Beach Drive

Hempstead, NY 11566
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,235 Ft²
$515,922
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Three Bedroom and One Full Bath, Updated Kitchen w Granite Countertops, stainless steel appliances, and soft close drawers. Living Room/Dr. Recently updated Bathroom, Roof and Siding. Gorgeous new pavers leading to backyard oasis. Move right in! Perfect starter home with Merrick Schools and Low Taxes. $9501 w STAR. *LOW FLOOD INSURANCE $776 * Additionally, this is a great option for current residents who would like to stay near family and friends for much lower carrying costs. Minutes to the Beach, Meadowbrook Pkwy, LIRR , Restaurants and Shopping. Come Take A Look At This Special Home. Not representing Shed, Gazebo, Fireplace and Car Ports - They are gifts., Additional information: Interior Features:Lr/Dr,Separate Hotwater Heater:Y
Unit Size
1,235 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$404
Property Type
House
Property Taxes
$915
HOA Dues
-
Year Built
1931

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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: 2 years ago (OneKey MLS #KEYL3400826)

Price History

Date / Event Date Event Price
Aug 30, 2022 Sold
Premium
Sold
Jun 9, 2022 In contract -
In contract
May 19, 2022 Listed by EXP Realty $499,000
Listed by EXP Realty
Sep 28, 2005 Sold
Premium
Sold
Jun 3, 2003 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1931
  • Effective Year Built: 1931
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 12
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 216
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,235
  • Building Area: 1,235
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,235
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000092
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 025

Neighborhood

  • School District Name: Merrick Union Free School District
  • School Tax School District: 025
  • Census Tract: 415102

Geography

  • District: 282089
  • Section: 62
  • Parcel: 62-007-00-0014
  • Block: 7
  • Lot: 14-15
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6514
  • Longitude: -73.5554

    Address

  • Full Address: 72 Beach Dr
  • Address - House Number: 72
  • Address - Street Name: Beach
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Merrick
  • Carrier Code: C038
  • 4-Digit Zip Code: 4595
  • Zip Code: 11566

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $955,890
  • Tax Rate Code Area: 126

    Appraisal Valuation

  • Standard Deviation: 0.1768
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 77
  • Final Value: 545,248
  • High Value: 641,662
  • Low Value: 448,835

    Market Valuation

  • Market Total Value: $395,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $395
  • Assessed Land Value: $210
  • Assessed Improvements Value: $185

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 30, 2022
  • Current Sale Recording Date: Sep 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2022-94566
  • Previous Sale Recording Date: Sep 28, 2005
  • Previous Sale Contract Date: Sep 06, 2005
  • Previous Sale Amount: $35,000
  • 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 Merrick

Stats & Trends

Median Asking:

$954,000

Sale Price/ft²

$494

Below Asking

0.01%

Average Days on Market

89

Average Home Size

2187 ft²

Average Home Age

66 years

Currently For Sale

40 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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$3,800 /mo

  • 3 Beds
  • 1 Bath
  • 1,600 ft²
318 Linden Street, Bellmore, NY, 11710 Listing by Sandra S. Satzinger
Unit for rent at 31 Casino Street, Freeport, NY, 11520

$4,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,000 ft²
31 Casino Street #4B, Freeport, NY, 11520 Listing by Maria Carusone Bolen
Unit for rent at 21 W Centennial Ave, Roosevelt, NY, 11575

$4,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,176 ft²
21 W Centennial Ave, Roosevelt, NY, 11575 Listing by Ahdehroh Lambert Mortimore

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 72 Beach Drive built and last sold?
The property at 72 Beach Drive was built in 1931 and last sold on Aug 30, 2022 for $535,000.
How much is this home worth?
The estimated value of the home located at 72 Beach Drive is $0.
What are some comparable homes to 72 Beach Drive?
There are currently no comparable homes to 72 Beach Drive.
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