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Jericho 11753 Jericho
87 Forest Drive
$750,000
● House - Off Market

87 Forest Drive

Oyster Bay, NY 11753
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$1,093,824
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

Lovely 4 Bedroom 2.5 Bath Hollywood Split set in a prime location on a quiet street. The entry with marble floors and 10' ceiling heights welcomes you into this special home. The updated eat in kitchen with granite countertops and double Thermador oven flows to the outdoor deck and will be the source of your summer fun. The large principal rooms are light and sunny. The Master Bedroom Suite offers a renovated en-suite bath and walk in closet. L-Shaped living room/dining room is great for entertaining. 3 Bedrooms upstairs. 4th Bedroom is on the main floor and is adjacent to a half bath. Great Location, close to shopping, fine dining and approximately 35 minutes to NYC.  Syosset School District. COVID-19 DISCLOSURE ATTACHED., Additional information: Appearance:Diamond,Interior Features:Guest Quarters,Lr/Dr
Unit Size
-
Days on Market
-
Land Size
0.23 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,736
HOA Dues
-
Year Built
1958

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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 #KEYL3214647)

Price History

Date / Event Date Event Price
Oct 16, 2020 Sold
Premium
Sold
Jul 13, 2020 In contract -
In contract
May 11, 2020 Listed by Daniel Gale Associates Inc $818,000
Listed by Daniel Gale Associates Inc

Property Highlights

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 372
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,890
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 870
  • Total Building Area: 1,920
  • Building Area: 1,920
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,920
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000227
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #3 SCH DIST 014

Neighborhood

  • School District Name: Syosset Central School District
  • School Tax School District: 014
  • Census Tract: 518600

Geography

  • District: 282489
  • Section: 12
  • Parcel: 12-577-00-0027
  • Block: 577
  • Lot: 27
  • Municipality: OYSTER BAY UNINCORPORATED
  • Latitude: 40.7985
  • Longitude: -73.5256

    Address

  • Full Address: 87 Forest Dr
  • Address - House Number: 87
  • Address - Street Name: Forest
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Jericho
  • Carrier Code: C003
  • 4-Digit Zip Code: 2313
  • Zip Code: 11753

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,811,310
  • Tax Rate Code Area: 588

    Appraisal Valuation

  • Standard Deviation: 0.1768
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 77
  • Final Value: 1,058,501
  • High Value: 1,245,730
  • Low Value: 871,272

    Market Valuation

  • Market Total Value: $675,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $675
  • Assessed Land Value: $390
  • Assessed Improvements Value: $285

    Sales

  • Current Sale Contract Date: Oct 16, 2020
  • Current Sale Recording Date: Oct 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2020-103400

    Financing

  • First Mortgage Financing Type: FIX
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 Jericho

Stats & Trends

Median Asking:

$1,298,888

Sale Price/ft²

$594

Below Asking

0.02%

Average Days on Market

92

Average Home Size

2748 ft²

Average Home Age

53 years

Currently For Sale

43 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 20 Walters Avenue, Syosset, NY, 11791

$6,000 /mo

  • 3 Beds
  • 3 Baths
  • 1,958 ft²
20 Walters Avenue, Syosset, NY, 11791 Listing by Meng Wang
Unit for rent at 14 Willis Ave, Syosset, NY, 11791

$2,975 /mo

  • 1 Bed
  • 1 Bath
  • 915 ft²
14 Willis Ave, Syosset, NY, 11791 Listing by John Danzig
Unit for rent at 28 Fern Drive, Jericho, NY, 11753

$9,900 /mo

  • 5 Beds
  • 4 Baths
  • 4,000 ft²
28 Fern Drive, Jericho, NY, 11753 Listing by Lina Shi RENE

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 87 Forest Drive built and last sold?
The property at 87 Forest Drive was built in 1958 and last sold on Oct 16, 2020 for $750,000.
How much is this home worth?
The estimated value of the home located at 87 Forest Drive is $826,180.
What are some comparable homes to 87 Forest Drive?
There are currently no comparable homes to 87 Forest Drive.
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