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North Massapequa 11758 North Massapequa
995 N Summit Drive
Photo of 995 N Summit Drive
Sold on Sep 28, 2022

36

Map

Photo of 995 N Summit Drive
Photo of 995 N Summit Drive
$750,000
● House - Off Market

995 N Summit Drive

Oyster Bay, NY 11758
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,700 Ft²
$799,790
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Spacious 4 Bedroom Expanded Cape with 2745 sqft of finished living space set on a 81'x102' lot adjacent to the Massapequa Preserve.Beautifully landscaped and maintained this property is a MUST SEE!! Recently Renovated Open Floor Plan has New Flooring throughout,White Shaker Kitchen Cabinets,Bar Height Peninsula topped with Honed Granite Countertops,Marble Backsplash,all New Black Stainless Samsung Appliances complimented by Stainless hardware,Fine Custom Wood Finishes and New 30,000 BTU ductless HVAC.   Full dormer King Master Bedroom with private bath,Ductless AC and custom walk in closet system. Additional King and Full Bedrooms on second level are spacious and light with hardwood flooring and built in closet systems. Private entry finished basement with Queen bedroom studio is perfect for extended family,with separate laundry room,office or workout room as a bonus. Lofted single car garage and added utility shed for plenty of storage plus., Additional information: Appearance:Excellent,Interior Features:Lr/Dr,Separate Hotwater Heater:1
Unit Size
2,700 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$285
Property Type
House
Property Taxes
$1,095
HOA Dues
-
Year Built
1959

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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: 2 years ago (OneKey MLS #KEYL3406732)

Price History

Date / Event Date Event Price
Sep 28, 2022 Sold
Premium
Sold
Jul 19, 2022 In contract -
In contract
Jun 9, 2022 Listed by Margar Realty Inc $769,000
Listed by Margar Realty Inc
May 2, 1996 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 264
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,100
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 810
  • Total Building Area: 1,808
  • Building Area: 1,808
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,808
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000163
  • Standard Land Use Code: 1001
  • County Land Use Code: 2100
  • Legal Description 1: TOWN #3 SCH DIST 022

Neighborhood

  • School District Name: Farmingdale Union Free School District
  • School Tax School District: 022
  • Census Tract: 521000

Geography

  • District: 282489
  • Section: 48
  • Parcel: 48-031-00-0099
  • Block: 31
  • Lot: 99
  • Municipality: OYSTER BAY UNINCORPORATED
  • Latitude: 40.7
  • Longitude: -73.4603

    Address

  • Full Address: 995 N Summit Dr
  • Address - House Number: 995
  • Street Direction: N
  • Address - Street Name: Summit
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Massapequa
  • Carrier Code: C073
  • 4-Digit Zip Code: 3024
  • Zip Code: 11758

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,241,675
  • Tax Rate Code Area: 603

    Appraisal Valuation

  • Standard Deviation: 0.1776
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 77
  • Final Value: 704,138
  • High Value: 829,210
  • Low Value: 579,065

    Market Valuation

  • Market Total Value: $537,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $537
  • Assessed Land Value: $255
  • Assessed Improvements Value: $282

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 28, 2022
  • Current Sale Recording Date: Oct 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 2022-100598
  • Previous Sale Recording Date: May 02, 1996
  • Previous Sale Contract Date: Apr 29, 1996
  • Previous Sale Amount: $200,000
  • 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 Massapequa

Stats & Trends

Median Asking:

$749,999

Sale Price/ft²

$503

Below Asking

0.01%

Average Days on Market

82

Average Home Size

1793 ft²

Average Home Age

54.3 years

Currently For Sale

20 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 17 Renee Place, Massapequa Park, NY, 11762

$5,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,953 ft²
17 Renee Place, Massapequa Park, NY, 11762 Listing by Joseph T. Zegarelli
Unit for rent at 4025 Boston Avenue, Seaford, NY, 11783

$5,500 /mo

  • 4 Beds
  • 2 Baths
  • 2,658 ft²
4025 Boston Avenue, Seaford, NY, 11783 Listing by Patricia L. Ruh
Unit for rent at 392 Philadelphia Avenue, Massapequa Park, NY, 11762

$5,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,104 ft²
392 Philadelphia Avenue, Massapequa Park, NY, 11762 Listing by Diane Betz

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 995 North Summit Drive built and last sold?
The property at 995 North Summit Drive was built in 1959 and last sold on Sep 28, 2022 for $750,000.
How much is this home worth?
The estimated value of the home located at 995 North Summit Drive is $800,154.
What are some comparable homes to 995 North Summit Drive?
There are currently no comparable homes to 995 North Summit Drive.
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