7 Lafayette Ave

Mastic NY 11950

7841 sq. ft.

Single-Family

Last sold for $330,000

Karen Roth, last sold this property on 28 June 2024 after 150 days on market.

Overview

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.

Features

3 bedrooms

1 bathroom

7841 sq. ft. lot size

Single-Family

Estimated Value

Based on this property and similar 3 bedroom single-family properties sold in Mastic over the last 12 months, the estimated median property value of 7 Lafayette Ave is $505k.

Median value

$505k

Estimated value range

$320k - $600k

Median days on market

Estimated value trend

10%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Mastic. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 7 Lafayette Ave

2024

Sold

$330,000

28 Jun 2024 by Karen Roth, of RE/MAX Integrity Leaders

2017

Sold

$149,000

11 Jul 2017 by Joseph Lamia, of Coldwell Banker M&D Good Life

Happy sellers in Mastic

We have insufficient information to provide an overview of customer satisfaction for Mastic. Viewing the agent profiles, reviews and sales for Mastic can provide insights for this location.