For SaleRisky Deal109 days on market
589 Landing Avenue
589 Landing Avenue, Smithtown, NY 11787, Smithtown, NY 11787
$1,626,000
Listing Price
589 Landing Avenue, Smithtown, NY 11787
Loc: Smithtown, NY
Days Listed
109
Tax Assessed
$9k
Lot Size
1.20 acres
Type
single family
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
7
Smithtown Elementary School
K-5
2.8 mi away
7
Accompsett Middle School
6-8
2.2 mi away
10
Smithtown High School West
9-12
2.4 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
brick exteriorcolonial stylelarge drivewaymanicured lawnlush landscapingtwo-story residenceturret architectural detailpaver aprongabled roofcustom front doorspacious front yardluxury homeprivate woodland setting
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
5.86%
Total ROI
86.1%
Cash Flow
$-502/mo
DSCR
0.94
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-502/mo net cash flow with a 5.9% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (5.9%)
- • Strong rental demand in Smithtown
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-07-31 | Price change | $1,626,000 | $422 |
| 2026-07-26 | Price change | $1,656,000 | $430 |
| 2026-06-22 | Price change | $1,680,000 | $436 |
| 2026-06-19 | Price change | $1,686,000 | $438 |
| 2026-06-17 | Price change | $1,688,000 | $438 |
| 2026-06-13 | Price change | $1,750,000 | $454 |
| 2026-06-07 | Listed for sale | $1,788,000 | $464 |
| 2009-10-08 | Sold | $880,000 | $229 |
| 2009-02-03 | Listing removed | $975,000 | $253 |
| 2009-01-08 | Price change | $975,000 | $253 |
| 2008-10-13 | Price change | $999,000 | $259 |
| 2008-09-16 | Listed for sale | $1,120,000 | $291 |
| 2008-08-07 | Listing removed | $1,190,000 | $309 |
| 2008-06-19 | Price change | $1,190,000 | $309 |
| 2008-06-04 | Listed for sale | $1,250,000 | $325 |
| 2008-04-07 | Listing removed | $1,250,000 | $325 |
| 2008-04-01 | Listed for sale | $1,250,000 | $325 |
| 2007-12-08 | Listing removed | $1,499,000 | $389 |
| 2007-11-16 | Listed for sale | $1,499,000 | $389 |
| 1994-07-06 | Sold | $337,500 | $88 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $0 | $8,970 |
| 2024 | $0 | $8,970 |
| 2023 | $0 | $8,970 |
| 2022 | $0 | $8,970 |
| 2021 | $0 | $10,100 |
| 2020 | $0 | $10,100 |
| 2019 | $0 | $10,100 |
| 2018 | $0 | $10,100 |
| 2017 | $21,133.99 | $10,100 |
| 2016 | $0 | $10,100 |
| 2015 | $0 | $10,100 |
| 2014 | $0 | $10,100 |
| 2013 | $0 | $10,100 |
| 2012 | $0 | $10,100 |
| 2011 | $0 | $10,100 |
| 2010 | $0 | $11,220 |
| 2009 | $0 | $11,460 |
| 2008 | $0 | $11,460 |
| 2007 | $17,495.4 | $9,980 |
| 2005 | $14,594.3 | $9,980 |
| 2004 | $13,630.2 | $9,980 |
| 2003 | $12,620.1 | $9,980 |
| 2002 | $11,705.5 | $9,980 |
| 2001 | $0 | $9,980 |
| 2000 | $10,938.2 | $9,980 |
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