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Smithtown 11787 Smithtown
8 Madison Street
$599,999
● House - Off Market

8 Madison Street

Smithtown, NY 11787
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,821 Ft²
$636,531
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Beautiful colonial features exposed beam vaulted ceiling open concept living with a WOW factor. Newer granite counters, ss appliances, white kitchen, hardwood floors on upper level, newer windows, wood burning insert with blower, blown in insulation, new oil tank, separate hot water heater, and updated electrical panel. Primary Suite. Main level laundry, 2 car garage.  .22 acre yard with patio. Quiet culdesac location in Kings Park school district: Parkview, William T. Rogers, Kings Park HS., Additional information: Separate Hotwater Heater:y
Unit Size
1,821 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$329
Property Type
House
Property Taxes
$1,026
HOA Dues
-
Year Built
-

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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 #KEYL3436103)

Price History

Date / Event Date Event Price
Mar 8, 2023 Sold
Premium
Sold
Dec 28, 2022 Sold
Premium
Sold
Nov 10, 2022 In contract -
In contract
Oct 24, 2022 Price Decreased $599,999
↓ $20K (3.2%)
Price Decreased
Oct 10, 2022 Listed by Keller Williams Points North $619,999
Listed by Keller Williams Points North

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: 32.-3-17 *117 PT LOTS 47 TO 51 RAPALLO PK BLK 6 5' RD WI

Neighborhood

  • School District Name: Kings Park Central School District
  • School Tax School District: KINGS PARK
  • Census Tract: 134902

Geography

  • Account Number: S100447
  • District: 0800-0
  • Section: 32.00
  • Parcel: 0800-032.00-03.00-017.000
  • Block: 3
  • Lot: 17.000
  • Municipality: SMITHTOWN
  • Latitude: 40.8853
  • Longitude: -73.219

    Address

  • Full Address: 8 Madison St
  • Address - House Number: 8
  • Address - Street Name: Madison
  • Address - Suffix Type: St
  • State: NY
  • City Name: Smithtown
  • Carrier Code: C015
  • 4-Digit Zip Code: 1056
  • Zip Code: 11787

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,252,628
  • Tax Rate Code Area: 473405

    Appraisal Valuation

  • Standard Deviation: 0.1472
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 82
  • Final Value: 587,374
  • High Value: 673,880
  • Low Value: 500,868

    Market Valuation

  • Market Total Value: $5,937
  • Market Land Value: $345
  • Market Improvement Value: $5,592

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,165
  • Assessed Land Value: $300
  • Assessed Improvements Value: $4,865

    Sales

  • Current Sale Contract Date: Dec 28, 2022
  • Current Sale Recording Date: Mar 08, 2023
  • 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 Smithtown

Stats & Trends

Median Asking:

$799,000

Sale Price/ft²

$411

Above Asking

0.00%

Average Days on Market

83

Average Home Size

2334 ft²

Average Home Age

57.9 years

Currently For Sale

48 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 Kohlsaat Court, Smithtown, NY, 11787

$7,200 /mo

  • 6 Beds
  • 4 Baths
  • 5,000 ft²
5 Kohlsaat Court, Smithtown, NY, 11787 Listing by Michele Targovnik
Unit for rent at 93 Maple Road, Kings Park, NY, 11754

$2,800 /mo

  • 2 Beds
  • 1 Bath
  • 840 ft²
93 Maple Road, Kings Park, NY, 11754 Listing by Krystal Kohles

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 8 Madison Street built and last sold?
The property at 8 Madison Street was built in and last sold on Dec 28, 2022 for $599,999.
How much is this home worth?
The estimated value of the home located at 8 Madison Street is $614,745.
What are some comparable homes to 8 Madison Street?
There are currently no comparable homes to 8 Madison Street.
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