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Merrick 11566 Merrick
88 Beach Drive
$289,000
● House - Off Market

88 Beach Drive

Hempstead, NY 11566
bedrooms
5 Beds
bathrooms
2 Baths
$563,401
RealtyHop Estimate
94.95%
Since Nov 1, 2013
National-US
Primary Model

About This Property

Home Is Priced For Immediate Sale. Great Location. Kennedy High School. Vinyl Siding. New Windows. Fplc. 1.5 Car Garage. 5 Car Driveway. This Home Can Be A 4 Bdrm Colonial Or A Mother/Daughter With Proper Permits. Taxes Are $10,871.08 After $1376.17 Star Exemption. Best Priced Home In South Merrick. Don't Miss This One!!! Too Good To Last.
Unit Size
-
Days on Market
-
Land Size
0.09 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,021
HOA Dues
-
Year Built
1931

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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: 4 months ago (OneKey MLS #KEYL2580160)

Price History

Date / Event Date Event Price
Jan 17, 2023 Sold
Premium
Sold
Sep 22, 2022 In contract -
In contract
Aug 16, 2022 Listed by Douglas Elliman Real Estate $599,000
Listed by Douglas Elliman Real Estate
Aug 11, 2022 Withdrawn -
Withdrawn
Jul 4, 2022 Listed by Ephesians Property Group $640,000
Listed by Ephesians Property Group
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1931
  • Effective Year Built: 1931
  • Total Rooms: 9
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 216
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,782
  • Building Area: 1,782
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,782
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000092
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 025

Neighborhood

  • School District Name: Merrick Union Free School District
  • School Tax School District: 025
  • Census Tract: 415102

Geography

  • District: 282089
  • Section: 62
  • Parcel: 62-007-00-0022
  • Block: 7
  • Lot: 22-23
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.651
  • Longitude: -73.5551

    Address

  • Full Address: 88 Beach Dr
  • Address - House Number: 88
  • Address - Street Name: Beach
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Merrick
  • Carrier Code: C038
  • 4-Digit Zip Code: 4595
  • Zip Code: 11566

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,331,944
  • Tax Rate Code Area: 126

    Appraisal Valuation

  • Standard Deviation: 0.0933
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 91
  • Final Value: 633,286
  • High Value: 692,400
  • Low Value: 574,171

    Market Valuation

  • Market Total Value: $468,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $468
  • Assessed Land Value: $206
  • Assessed Improvements Value: $262

    Sales

  • Current Sale Contract Date: Jan 17, 2023
  • Current Sale Recording Date: Jan 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2023-6828
  • Previous Sale Recording Date: Nov 04, 2013
  • Previous Sale Contract Date: Oct 21, 2013
  • Previous Sale Amount: $289,000
  • 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 Merrick

Stats & Trends

Median Asking:

$899,500

Sale Price/ft²

$492

Below Asking

0.01%

Average Days on Market

87

Average Home Size

2184 ft²

Average Home Age

61.4 years

Currently For Sale

31 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 607 Nassau Street, Bellmore, NY, 11710

$6,200 /mo

  • 4 Beds
  • 3 Baths
  • 2,438 ft²
607 Nassau Street, Bellmore, NY, 11710 Listing by Alejandro A. Negron

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 88 Beach Drive built and last sold?
The property at 88 Beach Drive was built in 1931 and last sold on Jan 17, 2023 for $610,000.
How much is this home worth?
The estimated value of the home located at 88 Beach Drive is $0.
What are some comparable homes to 88 Beach Drive?
There are currently no comparable homes to 88 Beach Drive.
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