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Islip 11751 Islip
8 W Pine Street
$489,000
● House - Off Market

8 W Pine Street

Islip, NY 11751
bedrooms
3 Beds
bathrooms
1 Bath
$3,347
Est. Monthly
6.93%
Cap Rate

About This Property

Welcome to this charming 3-bedroom, 1bath ranch with a full unfinished basement. This well-equipped kitchen has a nice cozy nook and offers plenty of cooking flow, open floor plan between kitchen and living room with cathedral ceilings. Don't miss this opportunity to make this yours!, Additional information: Appearance:excellent
Unit Size
-
Days on Market
-
Land Size
0.14 acres
Price per sqft
-
Property Type
House
Property Taxes
$769
HOA Dues
-
Year Built
1960

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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 #KEYL3559738)

Price History

Date / Event Date Event Price
Jan 9, 2025 Sold
Premium
Sold
Dec 10, 2024 Price Increased $525,000
↑ $36K (7.4%)
Price Increased
May 29, 2024 Listed by Coldwell Banker American Homes $489,000
Listed by Coldwell Banker American Homes
May 3, 2022 Sold
Premium
Sold
Mar 11, 2022 Sold
Premium
Sold
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • 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: 6,098
  • Lot Size Frontage Feet: 1,050
  • Total Building Area: 1,158
  • Building Area: 1,142
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,142
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000140
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: X2219353Y189742 T045H00000000

Neighborhood

  • School District Name: Islip Union Free School District
  • School Tax School District: ISLIP
  • Census Tract: 146205

Zoning

  • Zoning: B

Geography

  • District: 0500-2
  • Section: 50.29
  • Parcel: 0500-295.00-03.00-065.000
  • Block: 5000
  • Lot: 300.065
  • Municipality: ISLIP
  • Latitude: 40.7437
  • Longitude: -73.2079

    Address

  • Full Address: 8 W Pine St
  • Address - House Number: 8
  • Street Direction: W
  • Address - Street Name: Pine
  • Address - Suffix Type: St
  • State: NY
  • City Name: Islip
  • Carrier Code: C012
  • 4-Digit Zip Code: 1804
  • Zip Code: 11751

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $908,666
  • Tax Rate Code Area: 472802

    Appraisal Valuation

  • Standard Deviation: 0.2495
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 64
  • Final Value: 530,800
  • High Value: 663,262
  • Low Value: 398,338

    Market Valuation

  • Market Total Value: $370,879
  • Market Land Value: $72,802
  • Market Improvement Value: $298,077

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,000
  • Assessed Land Value: $5,300
  • Assessed Improvements Value: $21,700

    Sales

  • Current Sale Contract Date: Mar 11, 2022
  • Current Sale Recording Date: May 03, 2022
  • 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 Islip

Stats & Trends

Median Asking:

$649,000

Sale Price/ft²

$406

Below Asking

0.01%

Average Days on Market

87

Average Home Size

1255 ft²

Average Home Age

70 years

Currently For Sale

35 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 300 Carleton Avenue, Central Islip, NY, 11722

$3,795 /mo

  • 2 Beds
  • 2 Baths
  • 1,163 ft²
300 Carleton Avenue #5207, Central Islip, NY, 11722 Listing by Rita B. Bender
Unit for rent at 85-87 Washington Street, East Islip, NY, 11730

$3,900 /mo

  • 3 Beds
  • 1 Bath
  • 2,555 ft²
85-87 Washington Street, East Islip, NY, 11730 Listing by Seckin Yildiz

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 West Pine Street built and last sold?
The property at 8 West Pine Street was built in 1960 and last sold on Mar 11, 2022 for $470,000.
How much is this home worth?
The estimated value of the home located at 8 West Pine Street is $530,250.
What are some comparable homes to 8 West Pine Street?
There are currently no comparable homes to 8 West Pine Street.
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