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North Merrick 11566 North Merrick
964 Madison Place
$535,000
● House - Off Market

964 Madison Place

Hempstead, NY 11566
bedrooms
5 Beds
bathrooms
2 Baths
$830,490
RealtyHop Estimate
51.27%
Since Sep 1, 2018
National-US
Primary Model

About This Property

Move-In Cond 5 Bdrm 2 Bath Updated Front To Back Split W/Full Basement! 5 Bdrm 2 Bath, Oak/Corian Eik, Fdr, Vaulted Lr, Hardwood Floors, 200 Amp, Cac, Gas Cooking And Heat, Igs, Whole House Water Filtration System. 1 Car Garage, Won't Last!!, Additional information: Appearance:Exc++,Separate Hotwater Heater:Y
Unit Size
-
Days on Market
-
Land Size
0.19 acres
Price per sqft
-
Property Type
House
Property Taxes
$952
HOA Dues
-
Year Built
1957

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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 #KEYL3020567)

Price History

Date / Event Date Event Price
Oct 5, 2018 Sold
Premium
Sold
Aug 28, 2018 Sold
Premium
Sold
Aug 10, 2018 No longer available -
No longer available
Jun 14, 2018 Listed $549,000
Listed
Move-In Cond 5 Bdrm 2 Bath Updated Front To Back Split W/Full Basement! 5 Bdrm 2 Bath, Oak/Corian Eik, Fdr, Vaulted Lr, Hardwood Floors, 200 Amp, Cac, Gas Cooking And Heat, Igs, Whole House Water Filtration System. 1 Car Garage, Won't Last!!
Apr 14, 2018 Listed by Douglas Elliman Real Estate $549,000
Listed by Douglas Elliman Real Estate

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 19
  • 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: 576
  • Garage Type: 7
  • Garage Square Area: 242
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,160
  • Lot Size Depth Feet: 1,020
  • Lot Size Frontage Feet: 670
  • Total Building Area: 1,989
  • Building Area: 1,989
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,989
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAP OF BRIAR PARK HOMES
  • Land Acres: 0000000187
  • 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: 50-579-00-0048
  • Block: 579
  • Lot: 48
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.696
  • Longitude: -73.5576

    Address

  • Full Address: 964 Madison Pl
  • Address - House Number: 964
  • Address - Street Name: Madison
  • Address - Suffix Type: Pl
  • State: NY
  • City Name: Merrick
  • Carrier Code: C013
  • 4-Digit Zip Code: 1208
  • Zip Code: 11566

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,549,070
  • Tax Rate Code Area: 381

    Appraisal Valuation

  • Standard Deviation: 0.1763
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 77
  • Final Value: 747,302
  • High Value: 879,123
  • Low Value: 615,481

    Market Valuation

  • Market Total Value: $618,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $618
  • Assessed Land Value: $227
  • Assessed Improvements Value: $391

    Sales

  • Current Sale Contract Date: Aug 29, 2018
  • Current Sale Recording Date: Oct 05, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2018-090245

    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 North Merrick

Stats & Trends

Median Asking:

$799,389

Sale Price/ft²

$511

Below Asking

0.01%

Average Days on Market

86

Average Home Size

2119 ft²

Average Home Age

52.1 years

Currently For Sale

18 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

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OneKey

Last Updated: 5 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 964 Madison Place built and last sold?
The property at 964 Madison Place was built in 1957 and last sold on Aug 29, 2018 for $535,000.
How much is this home worth?
The estimated value of the home located at 964 Madison Place is $554,490.
What are some comparable homes to 964 Madison Place?
There are currently no comparable homes to 964 Madison Place.
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