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Montauk 11954
85 Surfside Avenue
$2,700,000
● House - Off Market

85 Surfside Avenue

East Hampton, NY 11954
bedrooms
2 Beds
bathrooms
2 Baths
$14,996
Est. Monthly

About This Property

Ideally located by the picturesque Shadmoor State Park, this two-bedroom, two bathroom cottage sits on +/-0.60 acres. On the property is a detached garage and a mowed walking trail for you to enjoy. With views of the ocean through the windows in the dining room, living room and side porch, this peaceful neighborhood has all that Montauk has to offer with convenient access to restaurants, village shopping, and world-famous beaches.
Unit Size
-
Days on Market
-
Land Size
0.60 acres
Price per sqft
-
Property Type
House
Property Taxes
$511
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: 6 months ago (OneKey MLS #KEYL3492165)

Price History

Date / Event Date Event Price
Feb 26, 2024 Sold
Premium
Sold
Oct 20, 2023 In contract -
In contract
Jul 19, 2023 Listed by Douglas Elliman Real Estate $2,950,000
Listed by Douglas Elliman Real Estate

Property Highlights

Garage
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: 26,136
  • 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
  • Land Acres: 0000000600
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Montauk Union Free School District
  • School Tax School District: MONTAUK
  • Census Tract: 201007

Geography

  • District: 0300-0
  • Section: 51.00
  • Parcel: 0300-051.00-03.00-004.000
  • Block: 3
  • Lot: 4.000
  • Municipality: EAST HAMPTON
  • Latitude: 41.0366
  • Longitude: -71.9321

    Address

  • Full Address: 85 Surfside Ave
  • Address - House Number: 85
  • Address - Street Name: Surfside
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Montauk
  • Carrier Code: R003
  • 4-Digit Zip Code: 5353
  • Zip Code: 11954

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 472406

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 2,796,966
  • High Value: 3,200,477
  • Low Value: 2,393,454

    Market Valuation

  • Market Total Value: $15,405
  • Market Land Value: $3,243
  • Market Improvement Value: $12,162

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,700
  • Assessed Land Value: $1,200
  • Assessed Improvements Value: $4,500

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 Montauk

Stats & Trends

Median Asking:

$1,967,500

Sale Price/ft²

$1,056

Below Asking

0.04%

Average Days on Market

138

Average Home Size

2229 ft²

Average Home Age

49.2 years

Currently For Sale

20 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

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OneKey

Last Updated: 6 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 85 Surfside Avenue built and last sold?
The property at 85 Surfside Avenue was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 85 Surfside Avenue is $2,979,500.
What are some comparable homes to 85 Surfside Avenue?
There are currently no comparable homes to 85 Surfside Avenue.
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