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7 Lafayette Ave, Mastic, NY 11950

$384,000

Last sold 04/23/2024 for $330K

3
bed
1
bath

House not for sale

About 7 Lafayette Ave

Property type House

Year built 1927

HOA fee $0/month

Lot size 7,841 Sqft

Movoto estimate

Property description

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.

Listed by

Listing Agent - Karen L Roth

Listing Office - RE/MAX Integrity Leaders

Source: OneKey MLS

MLS#3528161 • last updated 2 years ago

Movoto checked OneKey MLS for data 9 minutes ago

Overview
Cooling/AC	None
Heating	Oil, Hot Water
Levels/Style	Two, Cape Cod
Virtual Tour	N/A
MLS #	3528161
SubType	Single Family Residence
Status	Closed
Type	Residential
Lot Size (SqFt)	7841
Lot Size (Acres)	0.18
Property Tax	2843.41
Year Built	1927

Interior
Total # of Bathrooms	1
# of Full Baths	1
Total # of Bedrooms	3
Basement	Crawl Space
Total # of Rooms	6

Exterior
Construction	Frame
Parking	Private, Driveway

Amenities / Utilities
Water Source	Public

Location
County	Suffolk
Middle School	William Floyd Middle School
Elementary School District	William Floyd
Middle School District	William Floyd
High School District	William Floyd
High School	William Floyd High School
APN	0200-824-00-07-00-021-000
Directions	Montauk Hwy To Henry St. To Lafayette Ave.

$384K

Range: $341K-$426K

Last 30 days

Lower your payment with the loan terms that fit you.

Nov 2024
MLS # L2913632
Nov 21, 2024 Sold
$149,000 (-56.8%)
Feb 13, 2017 Listed
$149,000
Aug 2024
Public Records
Aug 7, 2024 Sold
$345,000 (+4.5%)
Jul 2024
MLS # 3528161
Jul 2, 2024 Sold
$330,000 (-5.7%)
Apr 23, 2024 Pending
—
Jan 29, 2024 Listed
$350,000 (+134.9%)
Jul 2017
MLS # 2913632
Jul 12, 2017 Cl
$149,000
Feb 14, 2017 A
$149,000
Feb 13, 2017 Listed
$149,000 (+10.5%)
Apr 2014
MLS # 2666723
Apr 25, 2014 Listed
$134,900 (+0.7%)
Feb 2014
MLS # 2648378
Feb 19, 2014 Listed
$133,999

Year Property taxes Tax assessment
2019
$3,108 +1.7%

$640
2018
$3,056 +0.7%

$640
2016
$3,035

$640

7 Lafayette Ave
$330K
—
11950
$500K 0% y/y
Mastic
$509K +1% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
5 Lafayette Ave, Mastic, NY 11950	$373,000	2/2	940	0.01
9 Lafayette Ave, Mastic, NY 11950	$543,000	4/3	1,408	0.01
6 Rutland Rd, Mastic, NY 11950	$51,000	1/1	494	0.02
11 Lafayette Ave, Mastic, NY 11950	$551,000	3/2	1,408	0.02
8 Rutland Rd, Mastic, NY 11950	$459,000	3/1	1,050	0.02
8 Lafayette Ave, Mastic, NY 11950	$488,000	3/1	1,203	0.03
10 Rutland Rd, Mastic, NY 11950	$405,000	2/1	710	0.03
15 Lafayette Ave, Mastic, NY 11950	$468,000	3/1	1,032	0.04

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.