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Merrick 11566 Merrick
73 Commonwealth Avenue
$323,000
● House - Off Market

73 Commonwealth Avenue

Hempstead, NY 11566
bedrooms
2 Beds
bathrooms
2 Baths
$614,948
RealtyHop Estimate
86.91%
Since Jun 1, 2014
National-US
Primary Model

About This Property

Move Right In. Walnut Cabinetry W/Granite Countertop, Ss Apps, Gas Cooking, Pantry, Bathrooms Have Walnut Vanities W/ Granite Countertops & Ceramic Tile, Linen Closets, Master Br Suite W/ Wic & Full Bath, Hw Floors, High Hats & White 6 Panel Doors Thruout, 2-Zone Baseboard Heating, Sep. Hw Heater, Concrete Walkway Around The House, Gravel Driveway, Close To All & Lirr, Additional information: Appearance:Mint,Separate Hotwater Heater:Y
Unit Size
-
Days on Market
-
Land Size
0.06 acres
Price per sqft
-
Property Type
House
Property Taxes
$669
HOA Dues
-
Year Built
1924

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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 #KEYL2632889)

Price History

Date / Event Date Event Price
Mar 23, 2023 Sold
Premium
Sold
Jan 18, 2023 In contract -
In contract
Jan 14, 2023 Listed by Coach Real Estate Assoc Inc $449,000
Listed by Coach Real Estate Assoc Inc
Jul 25, 2018 Sold
Premium
Sold
May 13, 2014 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 8
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 936
  • Building Area: 936
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 936
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000057
  • 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: 415000

Geography

  • District: 282089
  • Section: 55
  • Parcel: 55-119-00-0274
  • Block: 119
  • Lot: 274
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6643
  • Longitude: -73.5576

    Address

  • Full Address: 73 Commonwealth Ave
  • Address - House Number: 73
  • Address - Street Name: Commonwealth
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Merrick
  • Carrier Code: C007
  • 4-Digit Zip Code: 3526
  • Zip Code: 11566

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,077,104
  • Tax Rate Code Area: 273

    Appraisal Valuation

  • Standard Deviation: 0.1718
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 78
  • Final Value: 504,198
  • High Value: 590,864
  • Low Value: 417,533

    Market Valuation

  • Market Total Value: $376,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $376
  • Assessed Land Value: $143
  • Assessed Improvements Value: $233

    Sales

  • Current Sale Contract Date: Mar 23, 2023
  • Current Sale Recording Date: Mar 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2023-18497
  • Previous Sale Recording Date: Jul 25, 2018
  • Previous Sale Contract Date: Jun 29, 2018
  • Previous Sale Amount: $372,500
  • 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 Merrick

Stats & Trends

Median Asking:

$899,500

Sale Price/ft²

$492

Below Asking

0.01%

Average Days on Market

87

Average Home Size

2184 ft²

Average Home Age

61.4 years

Currently For Sale

31 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 804 Nassau Street, Bellmore, NY, 11710

$3,600 /mo

  • 2 Beds
  • 1 Bath
  • 959 ft²
804 Nassau Street, Bellmore, NY, 11710 Listing by Wenjing Feng

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 73 Commonwealth Avenue built and last sold?
The property at 73 Commonwealth Avenue was built in 1924 and last sold on Mar 23, 2023 for $500,000.
How much is this home worth?
The estimated value of the home located at 73 Commonwealth Avenue is $460,048.
What are some comparable homes to 73 Commonwealth Avenue?
There are currently no comparable homes to 73 Commonwealth Avenue.
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