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Patchogue 11772 Patchogue
88 Cedar Avenue
$475,000
● House - Off Market

88 Cedar Avenue

Patchogue, NY 11772
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$636,298
RealtyHop Estimate
29.86%
Since Feb 1, 2021
National-US
Primary Model

About This Property

Lovely corner lot colonial in Pat-Med School District that comes with 4 Bedroom 1.5 bathroom.  Enjoy the warmth of the fireplace after you take a short stroll to the Patchogue River. Property also includes Eat in Kitchen, Formal Dining Room, Hardwood Floors, Living Room, Laundry room, a full attic and basement ready to be finish. Two car detached garage with extra storage. landscaping immaculately kept. Close to restaurants and the nightlife but far enough for the quietness of your neighborhood. Jump on the ferry to Fire Island or relax and fish at the Sandspit Marina. So much to do, so much to see. Boating, fishing, town pool, concerts by the bay, softball, walk to train....Make this your home immediately!!
Unit Size
-
Days on Market
-
Land Size
0.27 acres
Price per sqft
-
Property Type
House
Property Taxes
$857
HOA Dues
-
Year Built
1910

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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 #ONE3263704)

Price History

Date / Event Date Event Price
Jan 26, 2021 Sold
Premium
Sold
Nov 12, 2020 In contract -
In contract
Oct 23, 2020 Listed by RE/MAX Best $489,999
Listed by RE/MAX Best

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 250
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,761
  • Total Building Area: 1,807
  • Building Area: 1,807
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 1,807
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PATCHOGUE (M TO Z)
  • Land Acres: 0000000270
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: N SCHULTZ E CEDAR AVE S MULFORD ST W THOMAS

Neighborhood

  • School District Name: Patchogue-Medford Union Free School District
  • School Tax School District: PATCHOGUE-MEDFO
  • Census Tract: 159000

Geography

  • Assessors Map Reference: MAP 8400000
  • Account Number: 00008400060
  • District: 0204-0
  • Section: 16.00
  • Parcel: 0204-016.00-04.00-021.000
  • Block: 4
  • Lot: 21.000
  • Municipality: BROOKHAVEN
  • Latitude: 40.758
  • Longitude: -73.0146

    Address

  • Full Address: 88 Cedar Ave
  • Address - House Number: 88
  • Address - Street Name: Cedar
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Patchogue
  • Carrier Code: C019
  • 4-Digit Zip Code: 3509
  • Zip Code: 11772

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,280,502
  • Tax Rate Code Area: 472224

    Appraisal Valuation

  • Standard Deviation: 0.2587
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 63
  • Final Value: 600,382
  • High Value: 755,709
  • Low Value: 445,055

    Market Valuation

  • Market Total Value: $77,777
  • Market Land Value: $19,444
  • Market Improvement Value: $58,333

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,800
  • Assessed Land Value: $700
  • Assessed Improvements Value: $2,100
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 Patchogue

Stats & Trends

Median Asking:

$565,000

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

84

Average Home Size

1677 ft²

Average Home Age

89.5 years

Currently For Sale

27 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

Rentals Near You

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OneKey

Last Updated: 3 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 88 Cedar Avenue built and last sold?
The property at 88 Cedar Avenue was built in 1910 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 88 Cedar Avenue is $0.
What are some comparable homes to 88 Cedar Avenue?
There are currently no comparable homes to 88 Cedar Avenue.
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