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Hempstead 11550 Hempstead
78 Albemarle Avenue
$480,000
● House - Off Market

78 Albemarle Avenue

Hempstead, NY 11550
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,315 Ft²
$539,092
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

Fully Renovated Old Style home in the heart of Hempstead, Conveniently located close to major stores and transportation. Featuring 4 Bedrooms 2.5 Bathrooms full finished basement with private entrance. Spacious living room and formal dining room with share cabinets and quartz counter top with stainless steel appliances., Additional information: Appearance:Excellent,Separate Hotwater Heater:Y
Unit Size
1,315 Ft²
Days on Market
148 days
Land Size
0.18 acres
Price per sqft
$364
Property Type
House
Property Taxes
$1,125
HOA Dues
-
Year Built
1921

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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 #KEYL3312073)

Price History

Date / Event Date Event Price
Oct 7, 2021 Sold
Premium
Sold
Jun 16, 2021 In contract -
In contract
May 12, 2021 Listed by Professional RE of New York $479,000
Listed by Professional RE of New York
Feb 22, 2021 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1921
  • Effective Year Built: 1921
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 8
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 13
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 28
  • Garage Type: 4
  • Garage Square Area: 360
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,640
  • Lot Size Depth Feet: 1,920
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,315
  • Building Area: 1,315
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,315
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000175
  • 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: 407203

Geography

  • District: 282013
  • Section: 34
  • Parcel: 34-400-00-0042
  • Block: 400
  • Lot: 42-43
  • Municipality: HEMPSTEAD
  • Latitude: 40.7041
  • Longitude: -73.6154

    Address

  • Full Address: 78 Albemarle Ave
  • Address - House Number: 78
  • Address - Street Name: Albemarle
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Hempstead
  • Carrier Code: C037
  • 4-Digit Zip Code: 5702
  • Zip Code: 11550

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $859,591
  • Initial Tax Delinquent Year: 2016
  • Tax Rate Code Area: 399

    Appraisal Valuation

  • Standard Deviation: 0.1875
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 75
  • Final Value: 507,465
  • High Value: 602,627
  • Low Value: 412,304

    Market Valuation

  • Market Total Value: $324,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $324
  • Assessed Land Value: $143
  • Assessed Improvements Value: $181

    Sales

  • Current Sale Contract Date: Oct 07, 2021
  • Current Sale Recording Date: Nov 03, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2021-141902
  • Previous Sale Recording Date: Feb 22, 2021
  • Previous Sale Contract Date: Jan 26, 2021
  • Previous Sale Amount: $260,000
  • 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 Hempstead

Stats & Trends

Median Asking:

$650,000

Sale Price/ft²

$433

Below Asking

0.01%

Average Days on Market

96

Average Home Size

1617 ft²

Average Home Age

80 years

Currently For Sale

61 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 15 Allen Street, Hempstead, NY, 11550

$2,530 /mo

  • 1 Bed
  • 1 Bath
  • 2,523 ft²
15 Allen Street #2, Hempstead, NY, 11550 Listing by Marissa Ferrara
Unit for rent at 168 Lenox Avenue, Uniondale, NY, 11553

$5,900 /mo

  • 5 Beds
  • 2 Baths
  • 1,837 ft²
168 Lenox Avenue, Uniondale, NY, 11553 Listing by Meiling Wang
Unit for rent at 539 Front Street, Hempstead, NY, 11550

$3,200 /mo

  • 2 Beds
  • 1 Bath
  • 850 ft²
539 Front Street, Hempstead, NY, 11550 Listing by Joseph W. Johns

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 78 Albemarle Avenue built and last sold?
The property at 78 Albemarle Avenue was built in 1921 and last sold on Oct 7, 2021 for $480,000.
How much is this home worth?
The estimated value of the home located at 78 Albemarle Avenue is $490,905.
What are some comparable homes to 78 Albemarle Avenue?
There are currently no comparable homes to 78 Albemarle Avenue.
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