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Patchogue 11772 Patchogue
8 Morrison Place
$163,000
● House - Off Market

8 Morrison Place

Brookhaven, NY 11772
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,238 Ft²
$247,613
RealtyHop Estimate
54.85%
Since Apr 1, 2018
National-US
Primary Model

About This Property

Sold As Is. Needs Extensive Repairs., Additional information: Appearance:Poor,Separate Hotwater Heater:N
Unit Size
2,238 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$71
Property Type
House
Property Taxes
$322
HOA Dues
-
Year Built
1918

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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 #KEYL2991817)

Price History

Date / Event Date Event Price
Nov 22, 2021 Sold
Premium
Sold
Aug 23, 2021 Sold
Premium
Sold
May 14, 2021 In contract -
In contract
May 5, 2021 Price Increased $489,999
↑ $30K (6.5%)
Price Increased
Apr 24, 2021 Relisted $459,999
Relisted
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1918
  • Effective Year Built: 1918
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,018
  • Total Building Area: 2,438
  • Building Area: 2,438
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 2,438
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PATCHOGUE (A TO L)
  • Land Acres: 0000000230
  • Standard Land Use Code: 1022
  • County Land Use Code: 215
  • Legal Description 1: N SEITH ANO E CAPRINO S MORRISON PL W SALVA

Neighborhood

  • School District Name: Patchogue-Medford Union Free School District
  • School Tax School District: PATCHOGUE-MEDFO
  • Census Tract: 158902

Geography

  • Assessors Map Reference: MAP 8300000
  • Account Number: 00008307600
  • District: 0204-0
  • Section: 12.00
  • Parcel: 0204-012.00-08.00-016.000
  • Block: 8
  • Lot: 16.000
  • Municipality: BROOKHAVEN
  • Latitude: 40.76
  • Longitude: -73.023

    Address

  • Full Address: 8 Morrison Pl
  • Address - House Number: 8
  • Address - Street Name: Morrison
  • Address - Suffix Type: Pl
  • State: NY
  • City Name: Patchogue
  • Carrier Code: C009
  • 4-Digit Zip Code: 3217
  • Zip Code: 11772

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $446,196
  • Tax Rate Code Area: 472224

    Appraisal Valuation

  • Standard Deviation: 0.2785
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 60
  • Final Value: 573,063
  • High Value: 732,675
  • Low Value: 413,450

    Market Valuation

  • Market Total Value: $31,945
  • Market Land Value: $5,556
  • Market Improvement Value: $26,389

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,150
  • Assessed Land Value: $200
  • Assessed Improvements Value: $950

    Sales

  • Current Sale Recording Date: Nov 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Mar 20, 2018
  • Previous Sale Contract Date: Feb 04, 2018
  • Previous Sale Amount: $163,000
  • 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 Patchogue

Stats & Trends

Median Asking:

$565,000

Sale Price/ft²

$379

Below Asking

0.01%

Average Days on Market

84

Average Home Size

1598 ft²

Average Home Age

80.6 years

Currently For Sale

32 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

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OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 8 Morrison Place built and last sold?
The property at 8 Morrison Place was built in 1918 and last sold on Jan 1, 1970 for $480,000.
How much is this home worth?
The estimated value of the home located at 8 Morrison Place is $0.
What are some comparable homes to 8 Morrison Place?
There are currently no comparable homes to 8 Morrison Place.
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