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Franklin Square 11010 Franklin Square
876 Oaks Drive
$778,500
● House - Off Market

876 Oaks Drive

Hempstead, NY 11010
bedrooms
4 Beds
bathrooms
2 Baths
$4,798
Est. Monthly
5.28%
Cap Rate

About This Property

Expanded Cape style home featuring 4 bedrooms & 2 full baths.  Enter into your living room, dining area & kitchen, 2 bedrooms & full bath. Access to your attached garage through a breezeway being used as a mudroom/laundry room. Upstairs features a full bath, bedroom, and large primary with tons of closets.  Full finished basement with 2 rooms and utilities.  Great fenced in yard with plenty of space to entertain. Gas heat & cooking and tons of potential., Additional information: Appearance:Mint,Separate Hotwater Heater:yes
Unit Size
-
Days on Market
-
Land Size
0.12 acres
Price per sqft
-
Property Type
House
Property Taxes
$992
HOA Dues
-
Year Built
1948

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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 #KEYL3579234)

Price History

Date / Event Date Event Price
Dec 16, 2024 Sold
Premium
Sold
Sep 17, 2024 Listed by Douglas Elliman Real Estate $775,000
Listed by Douglas Elliman Real Estate
Dec 6, 2017 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 220
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,402
  • Lot Size Depth Feet: 900
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,275
  • Building Area: 1,275
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,275
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000124
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 017

Neighborhood

  • School District Name: Franklin Square Union Free School District
  • School Tax School District: 017
  • Census Tract: 405600

Geography

  • District: 282089
  • Section: 35
  • Parcel: 35-492-00-0012
  • Block: 492
  • Lot: 12
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6941
  • Longitude: -73.6757

    Address

  • Full Address: 876 Oaks Dr
  • Address - House Number: 876
  • Address - Street Name: Oaks
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Franklin Square
  • Carrier Code: C014
  • 4-Digit Zip Code: 1936
  • Zip Code: 11010

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,193,458
  • Tax Rate Code Area: 473

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 698,509
  • High Value: 811,229
  • Low Value: 585,790

    Market Valuation

  • Market Total Value: $526,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $526
  • Assessed Land Value: $279
  • Assessed Improvements Value: $247

    Sales

  • Current Sale Contract Date: Nov 27, 2017
  • Current Sale Recording Date: Dec 06, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2017-121934
  • Previous Sale Recording Date: Dec 06, 2017
  • Previous Sale Contract Date: Feb 23, 2010
  • Previous Sale Document Type: 27

    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 Franklin Square

Stats & Trends

Median Asking:

$829,000

Sale Price/ft²

$555

Below Asking

0.01%

Average Days on Market

87

Average Home Size

1697 ft²

Average Home Age

75.4 years

Currently For Sale

34 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 84 Rockaway Parkway, Valley Stream, NY, 11580

$4,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,300 ft²
84 Rockaway Parkway #84, Valley Stream, NY, 11580 Listing by Sergey Borohov
Unit for rent at 1543 Sweetman, Elmont, NY, 11003

$4,400 /mo

  • 4 Beds
  • 2 Baths
  • 3,100 ft²
1543 Sweetman #1, Elmont, NY, 11003 Listing by Zaheer Khanzada SRS AHWD PSA
Unit for rent at 987 Center Drive, Franklin Square, NY, 11010

$4,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,739 ft²
987 Center Drive, Franklin Square, NY, 11010 Listing by Leah Kohen

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 876 Oaks Drive built and last sold?
The property at 876 Oaks Drive was built in 1948 and last sold on Nov 27, 2017 for $4,500,000.
How much is this home worth?
The estimated value of the home located at 876 Oaks Drive is $0.
What are some comparable homes to 876 Oaks Drive?
There are currently no comparable homes to 876 Oaks Drive.
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