3 months on rocket

Sale Pending

7 Lafayette Ave, Mastic, NY, 11950

$350,000

Home List Price

$4,156*

Closing Credit

3 Bedrooms
1 Full Bath
House
Schools Nearby

Location

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7 Lafayette Ave, Brookhaven$350,000

Buyer Closing Credits

$4,156*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingPrivate, Driveway
Year Built1927
HeatingOil, Hot Water
CoolingNone
MLS #3528161
Lot Size0.18 Acres
StatusSale Pending
(U)

About 7 Lafayette Ave

Welcome to an outstanding investment opportunity in Mastic. This cape-style home, featuring 3 bedrooms and 1 bath, comes with a current tenant in place until next January. The property is Section 8 approved, and the approval seamlessly transfers with the house, offering a hassle-free investment transition for the new owner (reapplication for the rental permit required). This property is a smart choice for investors seeking value and potential. The functional layout creates a warm and inviting atmosphere, making this home an ideal residence for tenants. One of the key advantages of this investment is its Section 8 status, providing a steady income stream and increased stability. The new owner will need to reapply for the rental permit, and with the existing tenant in place until next January, you can enjoy immediate returns on your investment. Benefiting from low taxes, this property enhances its appeal as an attractive investment opportunity.

Property Details

Property Features

Property Information:

  • Architectural Style: Cape Cod
  • Year Built: 1927

Listing Office:

  • Office Name: RE/MAX Integrity Leaders
  • Office Phone: (631) 736-2000

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Private, Driveway

Lot Features

Lot Information:

  • Lot Size: 0.18 Acres

Utilities

Utilities Information:

  • Heating: Oil, Hot Water
  • Cooling: None

Other

Directions Information:

  • Directions: Montauk Hwy To Henry St. To Lafayette Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $350,000

Tax Information:

  • Annual Amount: $3,035
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Brookhaven, NY.

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Brookhaven, NY

City

Med. Sold Price

$509.1K

Med. Price/SqFt

$301

Avg. Days On Market

52

# of Sold Homes

333

7 Lafayette Ave vs Brookhaven

93 DAYS ON ROCKET

+41 Days

$350,000

-$159.1K Less

KEY TAKEAWAY

This property is $159.1K less than the Median Sold Price in Brookhaven, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ONEKEY
  • MLS Number: #3528161

Listing Office:

  • Office Name: RE/MAX Integrity Leaders
  • Office Phone: (631) 736-2000

IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.

Information Copyright 2024, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 5/1/2024, 11:56:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 19, 2017Home Sold
$149,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,035$640
2019$3,168$640
2018$3,107$640

History based on county public records data.

Payment Calculator

$1,814

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,116

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4472718
4
/10

  • Moriches Elementary School

  • 16 Louis Ave

  • 0.55 miles

  • Public District Grades KG-5

school-card-donut-4472719
4
/10

  • John S Hobart Elementary School

  • 230 Van Buren St

  • 1.78 miles

  • Public District Grades KG-5

school-card-donut-4472720
4
/10

  • William Floyd Elementary School

  • 111 Lexington Rd Ste A

  • 1.80 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $73,333. Typical income of Brookhaven, NY residents is between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7 Lafayette Ave

What is the listing price of this property?

The listing price of 7 Lafayette Ave property is $350,000.

What type of property is this?

The property 7 Lafayette Ave is a house located in Mastic, New York, 11950.

Is this property for sale now?

Sale Pending: 7 Lafayette Ave is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,035 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 19, 2017 for $149,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7 Lafayette Ave has 3 bedrooms and 1 bathroom.

Which year was this property built?

The year of construction for 7 Lafayette Ave is 1927.

Rocket Homes›New York›Suffolk County›Brookhaven›11950›7 Lafayette Ave

This home is located at 7 Lafayette Ave in Mastic, NY and zip code 11950 in the Town of Brookhaven neighborhood. This home, which was built in 1927, sits on a 0.18 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since January 29, 2024 and is currently priced at $350,000.

In April 2024 more than 188 listings in Brookhaven, NY were sold above the asking price. During the same period more than 45 listings were sold at asking price, while more than 100 were sold below. Between March 2024 and April 2024, Brookhaven, NY real estate market has seen increase in the number of listings by 11.5%. In April 2024, listings were on the market for 52 days. During the same period, the median list price in this real estate market was $509,166.

From Rocket Homes Real Estate and based on county public records data.

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