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East Shoreham 11961 East Shoreham
8 Watermill Way
$412,000
● House - Off Market

8 Watermill Way

Brookhaven, NY 11961
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$568,485
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model

About This Property

Warm and welcoming Colonial awaits in this great Ridge neighborhood.  Updated gourmet kitchen with granite counters, stainless steel appliances and cherry cabinetry.  4 bedrooms including a Master Bedroom suite with large private bathroom.  Many updates completed this year including new above ground oil tank, new Riello oil burner, wood floors in the Master bedroom, hallway and stairs.  Custom crown molding and professionally painted throughout.  French doors, Belgian Block driveway, newer roof - all on a flat, just shy 3/4 acre lot., Additional information: Separate Hotwater Heater:Y
Unit Size
-
Days on Market
-
Land Size
0.69 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,067
HOA Dues
-
Year Built
1987

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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 #KEYL3212422)

Price History

Date / Event Date Event Price
Feb 11, 2021 Sold
Premium
Sold
Jul 21, 2020 Sold
Premium
Sold
May 28, 2020 In contract -
In contract
Apr 24, 2020 Listed by Daniel Gale Agency Inc $410,000
Listed by Daniel Gale Agency Inc
Aug 6, 2019 Sold
Premium
Sold
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,056
  • Total Building Area: 2,466
  • Building Area: 2,466
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 2,466
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JERHAR ESTATES
  • Land Acres: 0000000690
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: JERHAR ESTATES 8246 SEC 1 10

Neighborhood

  • School District Name: Longwood Central School District
  • School Tax School District: LONGWOOD
  • Census Tract: 158411

Geography

  • Assessors Map Reference: MAP 2082460
  • Account Number: 00002080610
  • District: 0200-1
  • Section: 193.00
  • Parcel: 0200-193.00-01.00-001.012
  • Block: 1
  • Lot: 1.012
  • Municipality: BROOKHAVEN
  • Latitude: 40.9226
  • Longitude: -72.8874

    Address

  • Full Address: 8 Watermill Way
  • Address - House Number: 8
  • Address - Street Name: Watermill
  • Address - Suffix Type: Way
  • State: NY
  • City Name: Ridge
  • Carrier Code: R009
  • 4-Digit Zip Code: 1721
  • Zip Code: 11961

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 472212

    Appraisal Valuation

  • Standard Deviation: 0.2669
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 61
  • Final Value: 660,716
  • High Value: 837,104
  • Low Value: 484,328

    Market Valuation

  • Market Total Value: $5,667
  • Market Land Value: $556
  • Market Improvement Value: $5,111

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,060
  • Assessed Land Value: $300
  • Assessed Improvements Value: $2,760

    Sales

  • Current Sale Contract Date: Jul 21, 2020
  • Current Sale Recording Date: Feb 11, 2021
  • 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 East Shoreham

Stats & Trends

Median Asking:

$732,500

Sale Price/ft²

$341

Below Asking

0.01%

Average Days on Market

94

Average Home Size

2272 ft²

Average Home Age

40.9 years

Currently For Sale

18 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 333 A Woodbridge, Ridge, NY, 11961

$2,800 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
333 A Woodbridge, Ridge, NY, 11961 Listing by Rainer H. Jessen

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 Watermill Way built and last sold?
The property at 8 Watermill Way was built in 1987 and last sold on Jul 21, 2020 for $412,000.
How much is this home worth?
The estimated value of the home located at 8 Watermill Way is $414,100.
What are some comparable homes to 8 Watermill Way?
There are currently no comparable homes to 8 Watermill Way.
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