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Lake Ronkonkoma 11767 Lake Ronkonkoma
78 Forest Avenue
$377,000
● House - Off Market

78 Forest Avenue

Smithtown, NY 11767
bedrooms
3 Beds
bathrooms
2 Baths
$512,331
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model

About This Property

Expanded Cape with Large Yard on Quiet Street. Featuring 3 Bedrooms, 2 Baths, Spacious Living Room, Eat-In Kitchen, and Hardwood Floors Throughout 1st Floor. Master Bedroom Can Be Downstairs or Upstairs - Nice Sized Rooms. Upstairs Bedroom Opens Into Private 2nd Floor Deck. Office Space & Playroom on 2nd Floor. Updates include New Gutters, Liters, and Soffit. Also Featuring a Full Basement with Outside Entrance...Tons of Potential! Sachem School District & Low Taxes!, Additional information: Business Located At:,Rental Income:
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
House
Property Taxes
$845
HOA Dues
-
Year Built
1987

Payment Calculator

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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 #KEYL3136361)

Price History

Date / Event Date Event Price
Oct 28, 2020 Sold
Premium
Sold
Sep 17, 2020 Sold
Premium
Sold
Mar 17, 2020 In contract -
In contract
Jan 29, 2020 Price Decreased $379,000
↓ $5K (1.3%)
Price Decreased
Jan 21, 2020 Price Decreased $384,000
↓ $6K (1.5%)
Price Decreased
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 560
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 1,662
  • Building Area: 1,662
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,662
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: 143.-4-37.1 *627 LOTS 24-25-26 RONKONKOMA HGTS BLK 22

Neighborhood

  • School District Name: Sachem Central School District
  • School Tax School District: SACHEM
  • Census Tract: 135403

Geography

  • District: 0800-1
  • Section: 143.00
  • Parcel: 0800-143.00-04.00-037.001
  • Block: 4
  • Lot: 37.001
  • Municipality: SMITHTOWN
  • Latitude: 40.8445
  • Longitude: -73.1264

    Address

  • Full Address: 78 Forest Ave
  • Address - House Number: 78
  • Address - Street Name: Forest
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Nesconset
  • Carrier Code: C009
  • 4-Digit Zip Code: 3254
  • Zip Code: 11767

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,055,645
  • Tax Rate Code Area: 472205

    Appraisal Valuation

  • Standard Deviation: 0.2722
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 61
  • Final Value: 602,859
  • High Value: 766,996
  • Low Value: 438,721

    Market Valuation

  • Market Total Value: $5,167
  • Market Land Value: $115
  • Market Improvement Value: $5,052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,495
  • Assessed Land Value: $100
  • Assessed Improvements Value: $4,395

    Sales

  • Current Sale Contract Date: Sep 17, 2020
  • Current Sale Recording Date: Oct 28, 2020
  • Current Sale Price:
    Premium
  • Current 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 Lake Ronkonkoma

Stats & Trends

Median Asking:

$649,999

Sale Price/ft²

$392

Below Asking

0.01%

Average Days on Market

78

Average Home Size

1761 ft²

Average Home Age

46.8 years

Currently For Sale

33 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 5 Williams Boulevard, Lake Grove, NY, 11755

$2,610 /mo

  • 1 Bed
  • 1 Bath
  • 690 ft²
5 Williams Boulevard #51H, Lake Grove, NY, 11755 Listing by Michelle Holmes
Unit for rent at 6 Williams Boulevard, Lake Grove, NY, 11755

$2,610 /mo

  • 1 Bed
  • 1 Bath
  • 690 ft²
6 Williams Boulevard #061M, Lake Grove, NY, 11755 Listing by Michelle Holmes
Unit for rent at 25 Williams Boulevard, Lake Grove, NY, 11755

$2,655 /mo

  • 1 Bed
  • 1 Bath
  • 745 ft²
25 Williams Boulevard #252F, Lake Grove, NY, 11755 Listing by Michelle Holmes

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 78 Forest Avenue built and last sold?
The property at 78 Forest Avenue was built in 1987 and last sold on Sep 17, 2020 for $377,000.
How much is this home worth?
The estimated value of the home located at 78 Forest Avenue is $382,790.
What are some comparable homes to 78 Forest Avenue?
There are currently no comparable homes to 78 Forest Avenue.
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