2360 Marlene Ln · Laurel, NY 11952

$1,699,000

4 bd · 2.5 ba · 2,652 sqft · SingleFamily · 341 Days on market

Built 1976 0.66 ac lot $641/sqft · 10% below area Est $1887k · 10% under $17/mo HOA

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Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +12.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.0/10.0
• Schools +6.1/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This stunning expanded ranch in the heart of Mattituck offers breathtaking views of Peconic Bay and is just a short distance from its gorgeous private deeded beach. Boasting over 2,600 square feet of living space, the home is perfectly situated on two-thirds of an acre. Upon entering, you'll find a welcoming front deck that leads into a bright foyer showcasing an open floor plan. This area is anchored by a double-sided, stacked white stone gas fireplace, creating a cozy yet stylish atmosphere. Comfortable lounge seating and a charming dining area are filled with natural light and feature beautiful wood floors. The custom kitchen is adorned with granite countertops, custom cabinetry, stainless steel appliances, and a center island with seating, making hosting and entertaining a breeze. An expansion has added a spacious great room designed with a vaulted ceiling and radiant flooring. The oversized focal point window captures the bold blue water views, while glass partition track sliding panels allow the main rooms to be opened up for larger gatherings or closed off for more intimate settings. The great room also features open stairs that lead to a finished lower level, which can serve as a media room or game room, complete with a new bathroom and additional storage space. A breezeway leads to the north wing of the home, beginning with a separate laundry area and flowing into the primary ensuite bedroom, which includes double closets and a spa-inspired bathroom. Down the hallway, three additional bedrooms share access to a newly renovated bathroom. Outdoor living is equally impressive with a beautifully crafted rear mahogany deck perfect for al fresco dining, a lower-level patio with a fire pit, and a spacious lawn ideal for relaxing with a hammock or designing a pool. The property also includes a separate outdoor remote workspace, an enclosed garden with irrigation for gardening enthusiasts, and an oversized driveway with a detached two-car garage. The vibrant hamlet is conveniently located near vineyards, farm stands, the renowned Love Lane for local shopping, and Veterans Beach. This listing may include images that have been digitally altered or virtually staged. Original, unedited images are available upon request.

Key facts

• 0.66 acre lot
• 2 garage spots
• Built 1976

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $1.70M.

Deal economics

• At list price, monthly cash flow is $8k ($97k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($24k rent vs $1.70M).
• Recommended offer: $1.50M (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 60/100 on livability (#965 in NY) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing B+; Watch: schools C-, amenities F, commute F.
• Mattituck-Cutchogue Union Free School District (suburban): math 69% / reading 68% proficiency, ranked #127 of 590 in NY (top 22%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 16% free/reduced lunch — higher-income household profile.
• Market conditions: 49 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 1,366 units permitted in Suffolk County in 2024 (216 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $12k of loan paydown is wiped out by about $51k of value loss. Plan a longer hold.
• Suffolk County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $476k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 341 days — a 12% lower offer ($1.50M) is reasonable based on typical stale-listing flexibility.
• Current owner paid $605k; list at $1.70M implies a 181% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $1,495,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 341 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.40% ✓
• Cap rate: 11.98%
• Cash-on-cash: 20.30%
• DSCR: 1.90
• GRM: 5.9

CMA / ARV

• ARV (median comp): $1,886,615
• List price: $1,699,000
• Delta: -9.94%
• Verdict: FAIR
• Comps: 14 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1125 Ole Jule Ln	0.68mi	5/3.5 (+1)	2,500 (-6%)	5mo	$1,835,000	$734	45
770 Old Salt Rd	0.27mi	4/4.0	3,000 (+13%)	21mo	$4,100,000	$1,367	42

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 12.5%
• Equity multiple: 1.50×
• Total profit: $237,060
• Equity at exit: $253,326

10-year hold

• IRR: 21.4%
• Equity multiple: 2.82×
• Total profit: $865,536
• Equity at exit: $146,898

Cash invested: $475,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 11952

• Home prices YoY: -17.2%
• Active inventory: 49
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $23,827 medium
• Mortgage (P&I): −$8,910
• Tax from tax record: −$1,140 /mo · $13,679/yr
• Insurance: −$708
• HOA: −$17
• Vacancy / Maint / Mgmt: −$5,004
• Net cashflow: $8,048

Break-even live

Break-even rent $13,639

Max offer price $1,699,000

Occupancy floor 61%

Sensitivity live

Price	-10% $9,010	-5% $8,529	+0% $8,048	+5% $7,567	+10% $7,087
Rent	-10% $6,166	-5% $7,107	+0% $8,048	+5% $8,990	+10% $9,931
Rate	-1.0pp $8,904	-0.5pp $8,481	base $8,048	+0.5pp $7,608	+1.0pp $7,160

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $424,750
• Closing costs: $50,970
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
610 Park Ave Mattituck, NY	4.0	2.0	1900	$44,000	$23.16	26d	1	0.98mi
435 Luptons Point Rd Mattituck, NY	4.0	2.5	2700	$6,000	$2.22	45d	1	1.19mi

HOA detail

• Monthly dues: $17 · $204/yr
• Likely covers: watergaspool

Listing history 7 events

1. 2026-05-05
   status Pending 2260-char remark

   Show marketing remark (2260 chars)

   This stunning expanded ranch in the heart of Mattituck offers breathtaking views of Peconic Bay and is just a short distance from its gorgeous private deeded beach. Boasting over 2,600 square feet of living space, the home is perfectly situated on two-thirds of an acre. Upon entering, you'll find a welcoming front deck that leads into a bright foyer showcasing an open floor plan. This area is anchored by a double-sided, stacked white stone gas fireplace, creating a cozy yet stylish atmosphere. Comfortable lounge seating and a charming dining area are filled with natural light and feature beautiful wood floors. The custom kitchen is adorned with granite countertops, custom cabinetry, stainless steel appliances, and a center island with seating, making hosting and entertaining a breeze. An expansion has added a spacious great room designed with a vaulted ceiling and radiant flooring. The oversized focal point window captures the bold blue water views, while glass partition track sliding panels allow the main rooms to be opened up for larger gatherings or closed off for more intimate settings. The great room also features open stairs that lead to a finished lower level, which can serve as a media room or game room, complete with a new bathroom and additional storage space. A breezeway leads to the north wing of the home, beginning with a separate laundry area and flowing into the primary ensuite bedroom, which includes double closets and a spa-inspired bathroom. Down the hallway, three additional bedrooms share access to a newly renovated bathroom. Outdoor living is equally impressive with a beautifully crafted rear mahogany deck perfect for al fresco dining, a lower-level patio with a fire pit, and a spacious lawn ideal for relaxing with a hammock or designing a pool. The property also includes a separate outdoor remote workspace, an enclosed garden with irrigation for gardening enthusiasts, and an oversized driveway with a detached two-car garage. The vibrant hamlet is conveniently located near vineyards, farm stands, the renowned Love Lane for local shopping, and Veterans Beach. This listing may include images that have been digitally altered or virtually staged. Original, unedited images are available upon request.

2. 2026-01-07
   price $1,699,000 2260-char remark

   Show marketing remark (2260 chars)

   This stunning expanded ranch in the heart of Mattituck offers breathtaking views of Peconic Bay and is just a short distance from its gorgeous private deeded beach. Boasting over 2,600 square feet of living space, the home is perfectly situated on two-thirds of an acre. Upon entering, you'll find a welcoming front deck that leads into a bright foyer showcasing an open floor plan. This area is anchored by a double-sided, stacked white stone gas fireplace, creating a cozy yet stylish atmosphere. Comfortable lounge seating and a charming dining area are filled with natural light and feature beautiful wood floors. The custom kitchen is adorned with granite countertops, custom cabinetry, stainless steel appliances, and a center island with seating, making hosting and entertaining a breeze. An expansion has added a spacious great room designed with a vaulted ceiling and radiant flooring. The oversized focal point window captures the bold blue water views, while glass partition track sliding panels allow the main rooms to be opened up for larger gatherings or closed off for more intimate settings. The great room also features open stairs that lead to a finished lower level, which can serve as a media room or game room, complete with a new bathroom and additional storage space. A breezeway leads to the north wing of the home, beginning with a separate laundry area and flowing into the primary ensuite bedroom, which includes double closets and a spa-inspired bathroom. Down the hallway, three additional bedrooms share access to a newly renovated bathroom. Outdoor living is equally impressive with a beautifully crafted rear mahogany deck perfect for al fresco dining, a lower-level patio with a fire pit, and a spacious lawn ideal for relaxing with a hammock or designing a pool. The property also includes a separate outdoor remote workspace, an enclosed garden with irrigation for gardening enthusiasts, and an oversized driveway with a detached two-car garage. The vibrant hamlet is conveniently located near vineyards, farm stands, the renowned Love Lane for local shopping, and Veterans Beach. This listing may include images that have been digitally altered or virtually staged. Original, unedited images are available upon request.

3. 2025-07-21
   price $1,740,000 2260-char remark

   Show marketing remark (2260 chars)

   This stunning expanded ranch in the heart of Mattituck offers breathtaking views of Peconic Bay and is just a short distance from its gorgeous private deeded beach. Boasting over 2,600 square feet of living space, the home is perfectly situated on two-thirds of an acre. Upon entering, you'll find a welcoming front deck that leads into a bright foyer showcasing an open floor plan. This area is anchored by a double-sided, stacked white stone gas fireplace, creating a cozy yet stylish atmosphere. Comfortable lounge seating and a charming dining area are filled with natural light and feature beautiful wood floors. The custom kitchen is adorned with granite countertops, custom cabinetry, stainless steel appliances, and a center island with seating, making hosting and entertaining a breeze. An expansion has added a spacious great room designed with a vaulted ceiling and radiant flooring. The oversized focal point window captures the bold blue water views, while glass partition track sliding panels allow the main rooms to be opened up for larger gatherings or closed off for more intimate settings. The great room also features open stairs that lead to a finished lower level, which can serve as a media room or game room, complete with a new bathroom and additional storage space. A breezeway leads to the north wing of the home, beginning with a separate laundry area and flowing into the primary ensuite bedroom, which includes double closets and a spa-inspired bathroom. Down the hallway, three additional bedrooms share access to a newly renovated bathroom. Outdoor living is equally impressive with a beautifully crafted rear mahogany deck perfect for al fresco dining, a lower-level patio with a fire pit, and a spacious lawn ideal for relaxing with a hammock or designing a pool. The property also includes a separate outdoor remote workspace, an enclosed garden with irrigation for gardening enthusiasts, and an oversized driveway with a detached two-car garage. The vibrant hamlet is conveniently located near vineyards, farm stands, the renowned Love Lane for local shopping, and Veterans Beach. This listing may include images that have been digitally altered or virtually staged. Original, unedited images are available upon request.

4. 2025-05-29
   listed $1,950,000 Active 2260-char remark

   Show marketing remark (2260 chars)

   This stunning expanded ranch in the heart of Mattituck offers breathtaking views of Peconic Bay and is just a short distance from its gorgeous private deeded beach. Boasting over 2,600 square feet of living space, the home is perfectly situated on two-thirds of an acre. Upon entering, you'll find a welcoming front deck that leads into a bright foyer showcasing an open floor plan. This area is anchored by a double-sided, stacked white stone gas fireplace, creating a cozy yet stylish atmosphere. Comfortable lounge seating and a charming dining area are filled with natural light and feature beautiful wood floors. The custom kitchen is adorned with granite countertops, custom cabinetry, stainless steel appliances, and a center island with seating, making hosting and entertaining a breeze. An expansion has added a spacious great room designed with a vaulted ceiling and radiant flooring. The oversized focal point window captures the bold blue water views, while glass partition track sliding panels allow the main rooms to be opened up for larger gatherings or closed off for more intimate settings. The great room also features open stairs that lead to a finished lower level, which can serve as a media room or game room, complete with a new bathroom and additional storage space. A breezeway leads to the north wing of the home, beginning with a separate laundry area and flowing into the primary ensuite bedroom, which includes double closets and a spa-inspired bathroom. Down the hallway, three additional bedrooms share access to a newly renovated bathroom. Outdoor living is equally impressive with a beautifully crafted rear mahogany deck perfect for al fresco dining, a lower-level patio with a fire pit, and a spacious lawn ideal for relaxing with a hammock or designing a pool. The property also includes a separate outdoor remote workspace, an enclosed garden with irrigation for gardening enthusiasts, and an oversized driveway with a detached two-car garage. The vibrant hamlet is conveniently located near vineyards, farm stands, the renowned Love Lane for local shopping, and Veterans Beach. This listing may include images that have been digitally altered or virtually staged. Original, unedited images are available upon request.

5. 2025-05-22
   historical $1,950,000 2260-char remark

   Show marketing remark (2260 chars)

   This stunning expanded ranch in the heart of Mattituck offers breathtaking views of Peconic Bay and is just a short distance from its gorgeous private deeded beach. Boasting over 2,600 square feet of living space, the home is perfectly situated on two-thirds of an acre. Upon entering, you'll find a welcoming front deck that leads into a bright foyer showcasing an open floor plan. This area is anchored by a double-sided, stacked white stone gas fireplace, creating a cozy yet stylish atmosphere. Comfortable lounge seating and a charming dining area are filled with natural light and feature beautiful wood floors. The custom kitchen is adorned with granite countertops, custom cabinetry, stainless steel appliances, and a center island with seating, making hosting and entertaining a breeze. An expansion has added a spacious great room designed with a vaulted ceiling and radiant flooring. The oversized focal point window captures the bold blue water views, while glass partition track sliding panels allow the main rooms to be opened up for larger gatherings or closed off for more intimate settings. The great room also features open stairs that lead to a finished lower level, which can serve as a media room or game room, complete with a new bathroom and additional storage space. A breezeway leads to the north wing of the home, beginning with a separate laundry area and flowing into the primary ensuite bedroom, which includes double closets and a spa-inspired bathroom. Down the hallway, three additional bedrooms share access to a newly renovated bathroom. Outdoor living is equally impressive with a beautifully crafted rear mahogany deck perfect for al fresco dining, a lower-level patio with a fire pit, and a spacious lawn ideal for relaxing with a hammock or designing a pool. The property also includes a separate outdoor remote workspace, an enclosed garden with irrigation for gardening enthusiasts, and an oversized driveway with a detached two-car garage. The vibrant hamlet is conveniently located near vineyards, farm stands, the renowned Love Lane for local shopping, and Veterans Beach. This listing may include images that have been digitally altered or virtually staged. Original, unedited images are available upon request.

6. 2004-05-17
   soldstatus $605,000
7. 1998-10-14
   soldstatus $219,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $13,679 · $1,140/mo
• Projected year-2 tax: $21,196 · $1,766/mo
• Expected delta: +$7,517/yr (+$626/mo · 54.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥91°F today · 19 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $285,919
• − Mortgage interest: −$95,170
• − Property taxes: −$13,679
• − Insurance: −$8,495
• − Repairs & maintenance: −$22,874
• − Management: −$22,874
• − HOA: −$204
• − Depreciation: −$49,425
• Taxable income: $73,198
• Est. tax owed @ 24.0%: −$17,567
• After-tax cash flow: $79,013/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Mattituck-Cutchogue Union Free School District
• NCES district ID: 3600021
• Math proficiency: 69% ▼ -3.00%
• Reading proficiency: 68% ▲ 4.00%
• Median HH income: $84,164
• Composite: 61.4/100
• National rank: #765
• State rank: #127 of 590 in NY

Livability — Laurel

• Score: 60/100
• State rank: #965
• US rank: #18894

Category grades

Amenities F Commute F Cost of living F Crime A+ Employment A+ Housing B+ Health & safety F User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Laurel, NY
• City population: 775
• Population (ZIP): 4,749

Population outlook (Suffolk County) Hauer SSP2

• Today (2025): 1,505,262 people
• By 2030: 1,498,318 · -0.5%
• By 2040: 1,471,101 · -2.3%
• By 2050: 1,424,848 · -5.3%
• By 2075: 1,337,157 · -11.2%
• By 2100: 1,217,720 · -19.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Hispanic / Latino 7% Two or more races 2%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Romanian 16% Subsaharan African 5% Scotch-Irish 3%
• Foreign-born: 12% · Canada
• Languages at home: 84% English-only · Russian/Polish/Slavic 6% Spanish 5% French/Haitian/Cajun 2%

Political lean MEDSL · Suffolk

• 2024 margin: Lean R (+10.0) · D 45.0% · R 55.0%
• 2008→2024 swing: -16.0pp toward R · 2008: 6.0pp · 2024: -10.0pp
• All cycles: 2024: R+10.0 2020: R+0.0 2016: R+8.2 2012: D+2.9 2008: D+6.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -94.04%
• Current HPI: 453.8895
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+675.8% since first listed

7 events — show timeline

• 2026-05-05 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-01-07 Price Changed $1,699,000 OneKey® MLS as Distributed by MLS Grid
• 2025-07-21 Price Changed $1,740,000 OneKey® MLS as Distributed by MLS Grid
• 2025-05-29 Listed $1,950,000 OneKey® MLS as Distributed by MLS Grid
• 2025-05-22 Coming Soon $1,950,000 OneKey® MLS as Distributed by MLS Grid
• 2004-05-17 Sold (Public Records) $605,000 Public Records
• 1998-10-14 Sold (Public Records) $219,000 Public Records

Property tax history

+2.5%/yr

Latest (2025): $13,679 · +0.0% YoY. Source: county tax records.