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Franklin Square 11010 Franklin Square
770 Palmetto Drive
Photo of 770 Palmetto Drive
Sold on Jul 30, 2026

18

Map

Photo of 770 Palmetto Drive
Photo of 770 Palmetto Drive
$720,000
● House - Off Market

770 Palmetto Drive

Hempstead, NY 11010
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,501 Ft²
$4,435
Est. Monthly

About This Property

Wide-Line Ranch located in the highly sought-after Valley Stream School District 13, offering incredible potential for both easy living and future expansion. This home features a spacious layout with a den extension, perfect for additional living or entertaining space, along with a full finished basement providing endless possibilities for recreation, workspace, or storage.

This is a home that requires updating -ideal for buyers looking to renovate and customize to their own taste. Whether you're envisioning comfortable single-level living or planning a larger expansion like others on the block, this property presents a rare opportunity to create your dream home!
Unit Size
1,501 Ft²
Days on Market
126 days
Land Size
0.14 acres
Price per sqft
$466
Property Type
House
Property Taxes
$1,003
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: 3 months ago (OneKey MLS #KEY973371)

Price History

Date / Event Date Event Price
Jul 30, 2026 Sold
Premium
Sold
Apr 7, 2026 In contract -
In contract
Mar 18, 2026 Listed by Compass Greater NY LLC $699,000
Listed by Compass Greater NY LLC

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 15
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 242
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,200
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 620
  • Total Building Area: 1,501
  • Building Area: 1,501
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,501
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000142
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 013

Neighborhood

  • School District Name: Valley Stream Central High School District
  • School Tax School District: 013
  • Census Tract: 405700

Geography

  • District: 282089
  • Section: 35
  • Parcel: 35-596-00-0022
  • Block: 596
  • Lot: 22
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6836
  • Longitude: -73.6733

    Address

  • Full Address: 770 Palmetto Dr
  • Address - House Number: 770
  • Address - Street Name: Palmetto
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Franklin Square
  • Carrier Code: C010
  • 4-Digit Zip Code: 4014
  • Zip Code: 11010

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $906,784
  • Tax Rate Code Area: 191

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 673,892
  • High Value: 782,639
  • Low Value: 565,145

    Market Valuation

  • Market Total Value: $512,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $512
  • Assessed Land Value: $211
  • Assessed Improvements Value: $301

    Exemptions

  • Veteran Exemption: Yes
  • Disabled 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 Franklin Square

Stats & Trends

Median Asking:

$829,000

Sale Price/ft²

$555

Below Asking

0.01%

Average Days on Market

90

Average Home Size

1694 ft²

Average Home Age

75 years

Currently For Sale

35 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 51 Ormond Street, Rockville Centre, NY, 11570

$5,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,537 ft²
51 Ormond Street, Rockville Centre, NY, 11570 Listing by Anne E. Donohoe
Unit for rent at 57 Earle Ave, Lynbrook, NY, 11563

$4,500 /mo

  • 3 Beds
  • 1 Bath
57 Earle Ave #1STFLOOR, Lynbrook, NY, 11563 Listing by Karen A. Elefante
Unit for rent at 5 Freer Street, Lynbrook, NY, 11563

$3,225 /mo

  • 1 Bed
  • 1 Bath
  • 633 ft²
5 Freer Street #306, Lynbrook, NY, 11563 Listing by Kathleen L. Sarge

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 3 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 770 Palmetto Drive built and last sold?
The property at 770 Palmetto Drive 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 770 Palmetto Drive is $715,668.
What are some comparable homes to 770 Palmetto Drive?
There are currently no comparable homes to 770 Palmetto Drive.
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