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North Merrick 11566 North Merrick
905 Madison Place
$999,999
● House - Off Market

905 Madison Place

Hempstead, NY 11566
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,072 Ft²
$5,857
Est. Monthly

About This Property

Welcome home to this Beautifully renovated 4 bdrm 2 1/2 bath colonial. Front porch, Entry Foyer, French doors leading into the Living Room,  2023 - Renovated Quartz and Stainless Eat-in Kitchen with walk-in pantry and center island, Formal Dining Room, Den with 1/2 bath. Large Primary Suite w/3 closets, Full Bath and sitting room (was the 5th bedroom) 3 additional bedrooms, Full bath. Finished Basement, Hardwood floors, Crown Moldings, 2 zone CAC, split CAC unit in basement, 150 amp electric, fenced, 2 sheds, 1 1/2 car garage, 2023 driveway and front walkway, Recently renovated den bathroom, 2 year old windows, Newer roof, siding and deck. Low taxes! Won't Last!, Additional information: Appearance:Diamond,Green Features:Insulated Doors,Separate Hotwater Heater:Y
Unit Size
2,072 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$458
Property Type
House
Property Taxes
$1,197
HOA Dues
-
Year Built
1962

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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 #KEYL3563700)

Price History

Date / Event Date Event Price
Aug 22, 2024 Sold
Premium
Sold
Jul 20, 2024 In contract -
In contract
Jul 5, 2024 Listed by Douglas Elliman Real Estate $949,000
Listed by Douglas Elliman Real Estate
Welcome home to this Beautifully renovated 4 bdrm 2 1/2 bath colonial. Front porch, Entry Foyer, French doors leading into the Living Room, 2023 - Renovated Quartz and Stainless Eat-in Kitchen with walk-in pantry and center island, Formal Dining Room, Den with 1/2 bath. Large Primary Suite w/3 closets, Full Bath and sitting room (was the 5th bedroom) 3 additional bedrooms, Full bath. Finished Basement, Hardwood floors, Crown Moldings, 2 zone CAC, split CAC unit in basement, 150 amp electric, fenced, 2 sheds, 1 1/2 car garage, 2023 driveway and front walkway, Recently renovated den bathroom, 2 year old windows, Newer roof, siding and deck. Low taxes! Won't Last!
Jul 5, 2018 Sold
Premium
Sold
Nov 13, 2002 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Total Rooms: 9
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 5
  • 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: 2
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 280
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,720
  • Lot Size Depth Feet: 1,020
  • Lot Size Frontage Feet: 680
  • Total Building Area: 2,072
  • Building Area: 2,072
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,072
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000154
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #1 SCH DIST 004

Neighborhood

  • School District Name: Bellmore-Merrick Central High School District
  • School Tax School District: 004
  • Census Tract: 408400

Geography

  • District: 282089
  • Section: 50
  • Parcel: 50-582-00-0013
  • Block: 582
  • Lot: 13
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6973
  • Longitude: -73.5588

    Address

  • Full Address: 905 Madison Pl
  • Address - House Number: 905
  • Address - Street Name: Madison
  • Address - Suffix Type: Pl
  • State: NY
  • City Name: Merrick
  • Carrier Code: C013
  • 4-Digit Zip Code: 1206
  • Zip Code: 11566

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,350,794
  • Tax Rate Code Area: 381

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 751,941
  • High Value: 873,283
  • Low Value: 630,599

    Market Valuation

  • Market Total Value: $573,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $573
  • Assessed Land Value: $195
  • Assessed Improvements Value: $378

    Sales

  • Current Sale Contract Date: Jun 26, 2018
  • Current Sale Recording Date: Jul 05, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2018-058651
  • Previous Sale Recording Date: Nov 13, 2002
  • Previous Sale Contract Date: Oct 08, 2002
  • Previous Sale Amount: $450,000
  • Previous Sale Document Type: 27
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 North Merrick

Stats & Trends

Median Asking:

$799,389

Sale Price/ft²

$511

Below Asking

0.01%

Average Days on Market

86

Average Home Size

2094 ft²

Average Home Age

53.1 years

Currently For Sale

19 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 396 Chestnut Avenue, East Meadow, NY, 11554

$8,000 /mo

  • 6 Beds
  • 3 Baths
  • 2,492 ft²
396 Chestnut Avenue, East Meadow, NY, 11554 Listing by Feng Zhan
Unit for rent at 1539 Park Avenue, Merrick, NY, 11566

$4,000 /mo

  • 3 Beds
  • 1 Bath
  • 1,386 ft²
1539 Park Avenue, Merrick, NY, 11566 Listing by Lisa J. DeTurris
Unit for rent at 1741 Warren Place, Merrick, NY, 11566

$4,400 /mo

  • 3 Beds
  • 2 Baths
  • 1,075 ft²
1741 Warren Place, Merrick, NY, 11566 Listing by Shari M. DeLouya CBR

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 905 Madison Place built and last sold?
The property at 905 Madison Place was built in 1962 and last sold on Jun 26, 2018 for $735,000.
How much is this home worth?
The estimated value of the home located at 905 Madison Place is $963,683.
What are some comparable homes to 905 Madison Place?
There are currently no comparable homes to 905 Madison Place.
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