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Smithtown 11780 Smithtown
8 Harness Road
$790,000
● House - Off Market

8 Harness Road

Smithtown, NY 11780
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,360 Ft²
$1,506,650
RealtyHop Estimate
77.49%
Since Sep 1, 2015
National-US
Primary Model

About This Property

Valued:$879K-$979,875;Fabulous Gated/Classic-Contemp;Gorgeous Lndscp'd 1Ac; Ig-Pool+2"Koi"Ponds+Bridge;Vault C/H+Skylit Lr;Sunk/Fr+Fp; Custom-Wall-Units; Lite/Brite+Open Flr/Plan;C/Isle Granite/Eik;Dr;Big/Hi-Ceil'g M/Br+Roman Marble Bath-Suite+Wic;Br#5 Is Calif/"Walk-In-Closet";110 Hi-Hats+C/Vac;Fin Bsmt+Stor;Shop+F/Bth;East H/S+Nessequake M/S+Dogwood Elem.Must Apply4Star, Additional information: Appearance:Diamond++,Separate Hotwater Heater:30G
Unit Size
3,360 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$253
Property Type
House
Property Taxes
$1,897
HOA Dues
-
Year Built
1990

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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 #KEYL2719847)

Price History

Date / Event Date Event Price
Aug 27, 2015 Sold
Premium
Sold
Nov 8, 2014 Listed by Douglas Elliman Real Estate $848,888
Listed by Douglas Elliman Real Estate
Aug 31, 1998 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • 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: 1
  • Garage Square Area: 1,320
  • Parking Space Count: 5
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 10

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 3,360
  • Building Area: 3,360
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,360
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP WHITESPRUCE FARMS
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: 80.-3-3.5 WHITESPRUCE FARMS @ SMITH *8073 LOT 5

Neighborhood

  • School District Name: Smithtown Central School District
  • School Tax School District: SMITHTOWN
  • Census Tract: 134908

Geography

  • District: 0800-0
  • Section: 80.00
  • Parcel: 0800-080.00-03.00-003.005
  • Block: 3
  • Lot: 3.005
  • Municipality: SMITHTOWN
  • Latitude: 40.8741
  • Longitude: -73.1768

    Address

  • Full Address: 8 Harness Rd
  • Address - House Number: 8
  • Address - Street Name: Harness
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Saint James
  • Carrier Code: C006
  • 4-Digit Zip Code: 1600
  • Zip Code: 11780

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,416,059
  • Tax Rate Code Area: 473401

    Appraisal Valuation

  • Standard Deviation: 0.2677
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 61
  • Final Value: 1,057,431
  • High Value: 1,340,575
  • Low Value: 774,288

    Market Valuation

  • Market Total Value: $11,103
  • Market Land Value: $1,149
  • Market Improvement Value: $9,954

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $9,660
  • Assessed Land Value: $1,000
  • Assessed Improvements Value: $8,660

    Sales

  • Current Sale Contract Date: Aug 04, 2015
  • Current Sale Recording Date: Aug 27, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 31, 1998
  • Previous Sale Contract Date: Aug 13, 1998
  • Previous Sale Amount: $560,000
  • Previous 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 Smithtown

Stats & Trends

Median Asking:

$799,000

Sale Price/ft²

$411

Below Asking

0.01%

Average Days on Market

83

Average Home Size

2465 ft²

Average Home Age

60.2 years

Currently For Sale

47 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

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 8 Harness Road built and last sold?
The property at 8 Harness Road was built in 1990 and last sold on Aug 4, 2015 for $790,000.
How much is this home worth?
The estimated value of the home located at 8 Harness Road is $0.
What are some comparable homes to 8 Harness Road?
There are currently no comparable homes to 8 Harness Road.
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