231 Hill Rise

$315,000
Price
2
Beds
1,008 Sq. Ft.
$313 / Sq. Ft.
1,008
Sq. Ft.
$313
per Sq. Ft.

Description

Turn-Key Investment Opportunity with Immediate Cash Flow! Attention investors: This tenant-occupied property is ready to start earning from day one. With a solid monthly rental income of $2,542—of which $2,541 is reliably direct-deposited through Section 8—this is a low-maintenance, high-consistency addition to your portfolio. Tenant covers the remaining $61 per month, and the property delivers a strong 7% cap rate. Whether you’re expanding your portfolio or securing your first rental, this income-producing...Turn-Key Investment Opportunity with Immediate Cash Flow! Attention investors: This tenant-occupied property is ready to start earning from day one. With a solid monthly rental income of $2,542—of which $2,541 is reliably direct-deposited through Section 8—this is a low-maintenance, high-consistency addition to your portfolio. Tenant covers the remaining $61 per month, and the property delivers a strong 7% cap rate. Whether you’re expanding your portfolio or securing your first rental, this income-producing asset offers built-in stability and immediate returns.
  1. Listed by Keith M. Dawson CBR • Signature Premier Properties
    P: (631)-642-2300 C: (631)-879-2168 kdawson@signaturepremier.com

Property Details for 231 Hill Rise

City/Township
Riverhead
Subdivision Name
Calverton Hills
Waterfront
No
Section Area
Toppings Path
LISTING UPDATED: 11/07/2025 08:18 AM

Property Details for 231 Hill Rise

StatusActive
MLS #931492
Days on Market53
Taxes$2,465 / year
HOA Fees$350 / month
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeSingle Family
Year Built1970
Lot Size0.02 AC / 871 SF
CountySuffolk County

Location

Listing Courtesy of Signature Premier Properties, Keith M. Dawson CBR
Add your commute

Building Information for 231 Hill Rise

Stories-Year Built1970Building Size-Lot Size0.02 AC / 871 SF

Payment Calculator

$2,112 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,557

Property Taxes

$205

HOA Dues

$350

The Payment Calculator is for illustrative purposes only.

Property Information for 231 Hill Rise

Summary
Location and General Information
  • Complex Name: Calverton Hills
  • Senior Community YN: No
  • MLS District Code: 200
  • Directions: Toppings Path to Hill Rise
  • Tax Block: 0003
  • Tax Lot: 36
  • Property Attached: Yes
  • Structure Type: true
  • Levels: Two
  • State Or Province: NY
School Information
  • School District: Riverhead
  • Elementary School District: Riverhead
  • Elementary School: Phillips Avenue School
  • Middle Or Junior School District: Riverhead
  • Middle Or Junior School: Riverhead Middle School
  • High School District: Riverhead
  • High School: Riverhead Senior High School
Rental
Rental
  • Lease Considered: No
Unit Information
Unit Information
  • Building Units Total: 1
Taxes and HOA Information
Taxes and HOA Information
  • Parcel Number: 0200-357-00-03-00-036-000
  • Additional Fees: No
  • Association Fee: $350.00
  • Association Fee Includes: Sewer, Water
  • Association Fee Frequency: Monthly
  • Association: Yes
Interior and Exterior Features
Interior Features
  • Amenities: Deck, Formal Dining, Galley Type Kitchen, Public
  • Interior Features: Formal Dining, Galley Type Kitchen
  • Appliances: Electric Water Heater
  • Number Of Kitchens: 1.0
  • Total Rooms: 5
  • Basement: None
  • Attic Description: Scuttle
  • Fireplace: No
  • Fireplaces Total: 0
  • Location Amenities: Formal Dining Room, Galley Kitchen, Deck
  • Spa: No
  • Living Area: 1,008.00
  • Basement: No
Exterior Features
  • Exterior Property Features: Deck, Assigned, Parking Lot
  • Elevation Certificate: No
  • Patio And Porch Features: Deck
  • Construction Materials: Frame
  • Pool Private: No
Lot Information
  • Additional Parcel: No
  • Building Area Units: Square Feet
Parking
  • Parking Features: Assigned, Parking Lot
  • Garage: No
  • Carport: No
Utilities
  • Cooling: Central Air
  • Heating: Electric, Forced Air
  • Heat Fuel Type: Electric, Forced Air
  • Sewer: Shared Septic
  • Water Source: Public
  • Utilities: Electricity Available
Green Features
  • Green Features: Electric Water Heater, Electric, Forced Air
Agent
Payment and Rate
  • Down Payment Resource: Yes

Property History for 231 Hill Rise

DateEvent & SourcePriceAppreciation
Mar 11, 2024

Sold (Public Record)

Public Record #1531568867

$267,000

+17.5% / yr

Mar 9, 2023

Sold (Public Record)

Public Record #1526842656

$227,000

+4.5% / yr

Jun 22, 2022

Sold (Public Record)

Public Record #1521754072

$220,000

+7.5% / yr

Aug 2, 2002

Sold (Public Record)

Public Record #98875955

$52,500
DateEvent & SourcePrice
03/11/2024

Sold (Public Record)

Public Record #1531568867

$267,000

+17.5% / yr

03/09/2023

Sold (Public Record)

Public Record #1526842656

$227,000

+4.5% / yr

06/22/2022

Sold (Public Record)

Public Record #1521754072

$220,000

+7.5% / yr

08/02/2002

Sold (Public Record)

Public Record #98875955

$52,500

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 231 Hill Rise

Taxable ValueLand$110Additions$690Total$800
Home Facts
Beds2Total Finished SqFt1,008 SqFtAbove Grade Finished SqFt1,008 SqFtStories2Lot Size871 SqFtStyleSingle Family ResidenceYear Built1970CountySUFFOLKAPN0200-357.00-03.00-036.000

Schools near 231 Hill Rise

This home is within Riverhead Central School District.
Rating
School
Type
Grades
Distance
Public - 5 to 6
Public - 6 to 8
Public - 9 to 12
Public - K to 4
Rating
School
Distance
Pulaski Street Elementary School
Public5 to 6

Riverhead Middle School
Public6 to 8

Riverhead Senior High School
Public9 to 12

Riley Avenue School
PublicK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

231 Hill Rise is a single family home for sale in Calverton, NY 11933. This property was listed for sale on November 4, 2025 by Signature Premier Properties, it's currently listed at $315,000. It has been on the market for a total of 53 days and was last sold on March 11, 2024. This listing's school district is Riverhead Central School District. Nearby schools include Pulaski Street Elementary School, Riverhead Middle School and Riverhead Senior High School. 231 Hill Rise is a 2-bed, 2-bath, 1,008 sqft single family home built in 1970.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Signature Premier Properties, Keith M. Dawson CBR

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/27/2025 04:05 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.