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Babylon 11702 Babylon
83 Lee Avenue
$405,000
● House - Off Market

83 Lee Avenue

Babylon, NY 11702
bedrooms
3 Beds
bathrooms
1 Bath
$507,543
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model

About This Property

Welcome home to this sundrenched ranch located in the beach community of Frederick Shores . This lovely home offers 3 bedrooms, large living room w/ vaulted ceilings, updated full bath, new eat in kitchen w/ gas cooking, SS appli, and granite countertops. Home has wood floors throughout, new electrical system, fresh paint, new interior doors and more! Nice yard for entertaining. Taxes w/ Star rebate $5974.62. If you are looking for a lifestyle this is it, steps from private beach, Babylon Village, great shopping, LIRR, and more this is it!!!  Make this home yours!
Unit Size
-
Days on Market
-
Land Size
0.09 acres
Price per sqft
-
Property Type
House
Property Taxes
$664
HOA Dues
-
Year Built
1961

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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: 3 years ago (OneKey MLS #ONE3268756)

Price History

Date / Event Date Event Price
Apr 20, 2021 Sold
Premium
Sold
Feb 18, 2021 Sold
Premium
Sold
Nov 25, 2020 In contract -
In contract
Nov 12, 2020 Listed by Signature Premier Properties $399,000
Listed by Signature Premier Properties
Dec 13, 2019 Sold
Premium
Sold
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 4,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,089
  • Building Area: 1,089
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,089
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000091
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: FILED MAP 648 LOTS 261 & 262

Neighborhood

  • School District Name: West Babylon Union Free School District
  • School Tax School District: WEST BABYLON
  • Census Tract: 124601

Geography

  • Account Number: 20230421380
  • District: 0102-0
  • Section: 20.00
  • Parcel: 0102-020.00-01.00-013.000
  • Block: 1
  • Lot: 13.000
  • Municipality: BABYLON
  • Latitude: 40.6808
  • Longitude: -73.3342

    Address

  • Full Address: 83 Lee Ave
  • Address - House Number: 83
  • Address - Street Name: Lee
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Babylon
  • Carrier Code: C027
  • 4-Digit Zip Code: 3604
  • Zip Code: 11702

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $836,458
  • Tax Rate Code Area: 472002

    Appraisal Valuation

  • Standard Deviation: 0.2493
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 64
  • Final Value: 571,512
  • High Value: 714,031
  • Low Value: 428,993

    Market Valuation

  • Market Total Value: $130,726
  • Market Land Value: $10,056
  • Market Improvement Value: $120,670

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,340
  • Assessed Land Value: $180
  • Assessed Improvements Value: $2,160

    Sales

  • Current Sale Contract Date: Feb 18, 2021
  • Current Sale Recording Date: Apr 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Mar 07, 2002
  • Previous Sale Contract Date: Feb 25, 2002
  • Previous Sale Amount: $190,000
  • 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 Babylon

Stats & Trends

Median Asking:

$794,000

Sale Price/ft²

$503

Below Asking

0.01%

Average Days on Market

81

Average Home Size

1795 ft²

Average Home Age

65.3 years

Currently For Sale

19 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 75 Mc Cue Lane, Babylon, NY, 11702

$4,000 /mo

  • 2 Beds
  • 1 Bath
  • 572 ft²
75 Mc Cue Lane, Babylon, NY, 11702 Listing by Susan Casale
Unit for rent at 108 Lee Avenue, Babylon, NY, 11702

$4,200 /mo

  • 3 Beds
  • 1 Bath
  • 2,000 ft²
108 Lee Avenue, Babylon, NY, 11702 Listing by Christopher Cardella
Unit for rent at 68a Main Street, Babylon, NY, 11702

$3,600 /mo

  • 2 Beds
  • 1 Bath
  • 682 ft²
68a Main Street #A, Babylon, NY, 11702 Listing by Jamie C. Winkler

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 3 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 83 Lee Avenue built and last sold?
The property at 83 Lee Avenue was built in 1961 and last sold on Feb 18, 2021 for $405,000.
How much is this home worth?
The estimated value of the home located at 83 Lee Avenue is $402,990.
What are some comparable homes to 83 Lee Avenue?
There are currently no comparable homes to 83 Lee Avenue.
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