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Shelter Island Heights 11964
78 Peconic Avenue
$3,350,000
● House - Off Market

78 Peconic Avenue

Shelter Island, NY 11963
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,504 Ft²
$3,360,215
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Stunning sunsets are enjoyed from this beautiful Nantucket style home in Silver Beach. The beach community is a popular destination and minutes from Shell Beach, restaurants and shops. This waterfront home was renovated in 1996. The main level offers an open plan with living room, dining, 2 bedrooms and full bath.  The 2nd floor includes a bedroom, full bath, office and spacious primary bedroom with water-view, bath with jacuzzi and shower, dressing area and office. Situated off the living room and 1st floor bedroom is a spacious deck that you can enjoy alfresco dining and a beautiful sunset! This property is bulk headed with metal stairs to  the water for water activities. Enjoy an outdoor shower after a day at the beach,, Additional information: Appearance:very good,Separate Hotwater Heater:yes
Unit Size
2,504 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$1,298
Property Type
House
Property Taxes
$1,367
HOA Dues
-
Year Built
1962

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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: 6 months ago (OneKey MLS #KEYL3408097)

Price History

Date / Event Date Event Price
Nov 9, 2022 Sold
Premium
Sold
Aug 2, 2022 Sold
Premium
Sold
Jul 1, 2022 In contract -
In contract
Jun 15, 2022 Listed by Daniel Gale Sothebys Intl Rlty $3,250,000
Listed by Daniel Gale Sothebys Intl Rlty

Property Highlights

Garage
Air Conditioning
With View
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 2002
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 21
  • 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: 4
  • Garage Square Area: 396
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0
  • Location Influence Type: 2

    Dimensions

  • Lot Size Square Feet: 16,553
  • Lot Size Frontage Feet: 1,090
  • Total Building Area: 2,504
  • Building Area: 2,504
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,504
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP SECTION ONE SILVER BEACH
  • Land Acres: 0000000380
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Shelter Island Union Free School District
  • School Tax School District: SHELTER ISLAND
  • Census Tract: 180300

Zoning

  • Zoning: A

Geography

  • Account Number: 0191
  • District: 0700-0
  • Section: 25
  • Parcel: 0700-025.00-01.00-007.000
  • Block: 1
  • Lot: 7.000
  • Municipality: SHELTER ISLAND
  • Latitude: 41.0436
  • Longitude: -72.3575

    Address

  • Full Address: 78 Peconic Ave
  • Address - House Number: 78
  • Address - Street Name: Peconic
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Shelter Island
  • Zip Code: 11964

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $413,731
  • Tax Rate Code Area: 473201

    Appraisal Valuation

  • Standard Deviation: 0.2429
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 65
  • Final Value: 2,531,636
  • High Value: 3,146,648
  • Low Value: 1,916,623

    Market Valuation

  • Market Total Value: $3,571,233
  • Market Land Value: $1,094,521
  • Market Improvement Value: $2,476,712

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,607,000
  • Assessed Land Value: $799,000
  • Assessed Improvements Value: $1,808,000

    Sales

  • Current Sale Contract Date: Aug 02, 2022
  • Current Sale Recording Date: Nov 09, 2022
  • 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 Shelter Island Heights

Stats & Trends

Median Asking:

$1,275,000

Sale Price/ft²

$667

Below Asking

0.02%

Average Days on Market

129

Average Home Size

3832 ft²

Average Home Age

50 years

Currently For Sale

14 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 59 Peconic Avenue, Shelter Island, NY, 11964

$8,700 /mo

  • 4 Beds
  • 3 Baths
  • 2,018 ft²
59 Peconic Avenue, Shelter Island, NY, 11964 Listing by Debra L. Von Brook Binder CBR

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 6 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 78 Peconic Avenue built and last sold?
The property at 78 Peconic Avenue was built in 1962 and last sold on Aug 2, 2022 for $3,350,000.
How much is this home worth?
The estimated value of the home located at 78 Peconic Avenue is $3,242,181.
What are some comparable homes to 78 Peconic Avenue?
There are currently no comparable homes to 78 Peconic Avenue.
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