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Hauppauge 11788 Hauppauge
8 Rainbow Drive
$465,000
● House - Off Market

8 Rainbow Drive

Smithtown, NY 11788
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,200 Ft²
$914,137
RealtyHop Estimate
94.91%
Since Aug 1, 2013
National-US
Primary Model

About This Property

Diamond Exp Ranch, State Of Art Eik, Stainless,Granite,New Floors, Hardwood/Stone,High Ceilings, New Windows And Doors, New Bths With Granite, Cac, Full Fin Bsmt, Trex Deck, Fenced Prop, Mid-Block Perfect Location, Additional information: Appearance:Diamond,Separate Hotwater Heater:Yes
Unit Size
2,200 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$213
Property Type
House
Property Taxes
$1,089
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: 5 months ago (OneKey MLS #KEYL2552930)

Price History

Date / Event Date Event Price
Nov 22, 2022 Sold
Premium
Sold
Sep 28, 2022 Sold
Premium
Sold
Jul 30, 2022 In contract -
In contract
Jul 9, 2022 In contract -
In contract
Jul 9, 2022 Relisted $749,000
Relisted
Show More

Property Highlights

Garage
Air Conditioning
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: 15,246
  • 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
  • Subdivision: MAP PLEASANT GREENS SECTION 1
  • Land Acres: 0000000350
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: 161.-3-80 *3097 LOT 38 PLEASANT GREENS SEC 1

Neighborhood

  • School District Name: Smithtown Central School District
  • School Tax School District: SMITHTOWN
  • Census Tract: 135306

Geography

  • District: 0800-1
  • Section: 161.00
  • Parcel: 0800-161.00-03.00-080.000
  • Block: 3
  • Lot: 80.000
  • Municipality: SMITHTOWN
  • Latitude: 40.8349
  • Longitude: -73.1818

    Address

  • Full Address: 8 Rainbow Dr
  • Address - House Number: 8
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Hauppauge
  • Carrier Code: C061
  • 4-Digit Zip Code: 1637
  • Zip Code: 11788

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,543,267
  • Tax Rate Code Area: 473401

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 732,619
  • High Value: 838,312
  • Low Value: 626,926

    Market Valuation

  • Market Total Value: $7,003
  • Market Land Value: $460
  • Market Improvement Value: $6,543

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $6,092
  • Assessed Land Value: $400
  • Assessed Improvements Value: $5,692

    Sales

  • Current Sale Contract Date: Sep 28, 2022
  • Current Sale Recording Date: Nov 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jul 17, 2013
  • Previous Sale Contract Date: Jul 03, 2013
  • Previous Sale Amount: $465,000
  • Previous Sale Document Type: 12
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 Hauppauge

Stats & Trends

Median Asking:

$775,000

Sale Price/ft²

$401

Below Asking

0.01%

Average Days on Market

85

Average Home Size

2064 ft²

Average Home Age

55.9 years

Currently For Sale

27 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 169 Brooksite Drive, Smithtown, NY, 11787

$4,800 /mo

  • 4 Beds
  • 2 Baths
  • 1,700 ft²
169 Brooksite Drive, Smithtown, NY, 11787 Listing by Debra DeLongis

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 Rainbow Drive built and last sold?
The property at 8 Rainbow Drive was built in and last sold on Sep 28, 2022 for $785,000.
How much is this home worth?
The estimated value of the home located at 8 Rainbow Drive is $0.
What are some comparable homes to 8 Rainbow Drive?
There are currently no comparable homes to 8 Rainbow Drive.
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