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Wading River 11792
8 Sylvan Drive
$440,000
● House - Off Market

8 Sylvan Drive

Riverhead, NY 11792
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,200 Ft²
$485,902
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

Located In A Lovely Neighborhood Nearby Local Beaches. This Home Has Hardwood Floors Throughout, A Living Room With Wood Burning Fireplace, Formal Dining Room With Sliders To Sun Room. The Kitchen Which Was Renovated in 2004 Has Some Glass Front Cabinetry. The Full Bathroom Was Renovated in 2012. Three Very Nice Size Bedrooms. Two Car Garage. Full Basement with Outside Entrance. The Furnace Is Only 2 Years Old. The Gorgeous Private And Fenced Backyard Abuts Woods On One Side That Can Not Be Built On. Short Distance From Farmstands, Wineries and Tanger Outlet. Come See Your New Home., Additional information: Appearance:Excellent,Separate Hotwater Heater:N
Unit Size
1,200 Ft²
Days on Market
165 days
Land Size
0.40 acres
Price per sqft
$383
Property Type
House
Property Taxes
$663
HOA Dues
-
Year Built
1964

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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 #KEYL3415346)

Price History

Date / Event Date Event Price
Apr 3, 2023 Sold
Premium
Sold
Jan 6, 2023 Sold
Premium
Sold
Oct 31, 2022 In contract -
In contract
Oct 21, 2022 Price Decreased $459,000
↓ $20K (4.2%)
Price Decreased
Oct 12, 2022 Relisted $490,000
Relisted
Show More

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,424
  • Total Building Area: 1,152
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000400
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Riverhead Central School District
  • School Tax School District: RIVERHEAD
  • Census Tract: 169701

Zoning

  • Zoning: 02 - SINGL

Geography

  • Account Number: 40
  • District: 0600-0
  • Section: 52.00
  • Parcel: 0600-052.00-01.00-027.000
  • Block: 1
  • Lot: 27.000
  • Municipality: RIVERHEAD
  • Latitude: 40.9593
  • Longitude: -72.8156

    Address

  • Full Address: 8 Sylvan Dr
  • Address - House Number: 8
  • Address - Street Name: Sylvan
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Wading River
  • Carrier Code: R005
  • 4-Digit Zip Code: 1821
  • Zip Code: 11792

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $730,028
  • Tax Rate Code Area: 473002

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 444,733
  • High Value: 508,894
  • Low Value: 380,573

    Market Valuation

  • Market Total Value: $417,223
  • Market Land Value: $103,337
  • Market Improvement Value: $313,886

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,760
  • Assessed Land Value: $9,600
  • Assessed Improvements Value: $29,160

    Sales

  • Current Sale Contract Date: Jun 01, 2022
  • Current Sale Recording Date: Apr 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: May 11, 1994
  • Previous Sale Contract Date: Apr 29, 1994
  • Previous Sale Amount: $120,000
  • Previous Sale Document Type: 51
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 Wading River

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$369

Below Asking

0.02%

Average Days on Market

93

Average Home Size

2247 ft²

Average Home Age

55 years

Currently For Sale

31 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 126 Overhill Road, Wading River, NY, 11792

$7,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,600 ft²
126 Overhill Road, Wading River, NY, 11792 Listing by Mariana Nunes

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 Sylvan Drive built and last sold?
The property at 8 Sylvan Drive was built in 1964 and last sold on Jun 1, 2022 for $44,000.
How much is this home worth?
The estimated value of the home located at 8 Sylvan Drive is $463,590.
What are some comparable homes to 8 Sylvan Drive?
There are currently no comparable homes to 8 Sylvan Drive.
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