Seller's Agent in 2022
Edward Mulderrig
Compass Greater NY LLC
(631) 374-1197
1 in this area
14 Total Sales
Estimated Value: $4,824,000 - $5,289,391
4
Beds
3.5
Baths
3,500
Sq Ft
$1,445/Sq Ft
Est. Value
Highlights
- Beach Front
- ENERGY STAR Certified Homes
- Cathedral Ceiling
- In Ground Pool
- Wood Burning Stove
- Wood Flooring
About This Home
As of November 2022Own the Ultimate Beach House on Shelter Island's prestigious Ram Island with over 300 feet of beachfront. Watch the Sunrise and the Sunset overlooking Gardiners Bay and Coecles Harbor. The 270 degree water view encompasses Coecles Harbor, Shelter Islands Mashomack nature preserve, Cedar Point Lighthouse, East Hampton's Northwest bluffs Gardiners Island, Orient Point, and on a clear day you can see all the way to Montauk !! The house is completely situated on one level with water views from every room in the house. The Gunite pool surrounded by IPE decking with great water views, 3500 SF of IPE hardwood decking wrapping the house on the waterfront for the perfect entertainment spot. The open floor plan takes complete advantage of the location and view, while also keeping all the bedrooms separate and private. Arriving here will instantly make you feel calm and serene, you will know this is where you belong.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $25,044
Year Built
- Built in 1973 | Remodeled in 2013
Lot Details
- 0.94 Acre Lot
- Beach Front
- Property Fronts a Bay or Harbor
- East Facing Home
- Level Lot
Property Views
- Water
- Panoramic
Home Design
- Modern Architecture
- Wood Siding
- Cedar
Interior Spaces
- 3,500 Sq Ft Home
- Cathedral Ceiling
- 1 Fireplace
- Wood Burning Stove
- Den
- Wood Flooring
- Crawl Space
- No Attic
- Dryer
Kitchen
- Eat-In Kitchen
- Oven
- Microwave
- Instant Hot Water
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
Parking
- Private Parking
- Driveway
Eco-Friendly Details
- Energy-Efficient Exposure or Shade
- ENERGY STAR Certified Homes
Outdoor Features
- In Ground Pool
- Bulkhead
Location
- Borders State Land
Schools
- Shelter Island Elementary And Middle School
- Shelter Island High School
Utilities
- Forced Air Heating and Cooling System
- 2 Heating Zones
- Heating System Uses Propane
- Well
- Tankless Water Heater
- Cesspool
Listing and Financial Details
- Legal Lot and Block 27 / 1
- Assessor Parcel Number 0700-012-00-01-00-027-000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 1, 2022
Closed on
Nov 23, 2022
Sold by
Kogel Lawrence
Bought by
Rao-Kathi Prasanth B and Rao-Kathi Milu K
Seller's Agent
Edward Mulderrig
Compass Greater NY LLC
Buyer's Agent
Debra Von Brook Binder
Daniel Gale Sothebys Intl Rlty
List Price
$4,750,000
Sold Price
$4,050,000
Premium/Discount to List
-$700,000
-14.74%
Total Days on Market
25
Views
56
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,006,696
Avg. Annual Appreciation
9.65%
Original Mortgage
$2,835,000
Interest Rate
5.2%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rao-Kathi Prasanth B | $4,050,000 | None Available | |
| Rao-Kathi Prasanth B | $4,050,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Rao-Kathi Prasanth B | $2,835,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/24/2022 11/24/22 | Sold | $4,050,000 | -14.7% | $1,157 / Sq Ft |
| 10/26/2022 10/26/22 | Pending | -- | -- | -- |
| 10/01/2022 10/01/22 | For Sale | $4,750,000 | -- | $1,357 / Sq Ft |
Source: OneKey® MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $25,371 | $3,979,000 | $1,717,000 | $2,262,000 |
| 2022 | $25,045 | $3,979,000 | $1,717,000 | $2,262,000 |
| 2021 | $24,666 | $3,979,000 | $1,717,000 | $2,262,000 |
| 2020 | $23,106 | $3,976,000 | $1,717,000 | $2,259,000 |
| 2019 | $23,106 | $0 | $0 | $0 |
| 2018 | $21,426 | $3,785,000 | $1,984,100 | $1,800,900 |
| 2017 | $21,426 | $3,594,000 | $1,671,900 | $1,922,100 |
| 2016 | $20,822 | $3,418,000 | $1,671,900 | $1,746,100 |
| 2015 | -- | $3,180,000 | $1,636,300 | $1,543,700 |
| 2014 | -- | $3,000,000 | $1,600,700 | $1,399,300 |
Source: Public Records
Agents Affiliated with this Home
-
Edward Mulderrig
-
Debra Von Brook Binder
Buyer's Agent in 2022
Debra Von Brook Binder
Daniel Gale Sotheby's
(631) 749-1155
27 in this area
27 Total Sales
Map
Similar Homes in Shelter Island, NY
Source: OneKey® MLS
MLS Number: KEY3434178
APN: 0700-012-00-01-00-027-000
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The data relating to real estate for sale or lease on this web site comes in part from OneKey® MLS. Real estate listings held by brokerage firms other than Ten-X are marked with the OneKey® MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.
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