NOT LISTED FOR SALE

Estimated Value: $829,000 - $1,011,000

4 Beds
3 Baths
2,079 Sq Ft
$443/Sq Ft Est. Value

Last Sold January 03, 2024

Last sale price $760,000 $366 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $5,569/month

79 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • 1 Fireplace
  • Locust Valley High School Rated A
  • Main Floor Bedroom
  • Corner Lot

About This Home

As of January 2024

Well Maintained and Partially Updated Legal 2 Family Home by C of O, just outside of the heart of Locust Valley! An amazing Investment Opportunity. Live in Locust Valley with Offsetting Expenses. The property can also easily be converted back to a single-family home. This Home Features an Updated First Floor Unit with a New Kitchen, Renovated Bathrooms, Young Roof, Separate Gas Meters for Cooking & Heat, Separate Electric Meters. A Full Unfinished Basement. The First Floor is Vacant 2 Bedroom & 2 Full Bathroom w/ Washer & Dryer. Second Floor is a 2 bedroom & 1 Full Bath Occupied Unit ( Tenant is Month to Month ). 2 Car Garage. Oversized 10,000sqft Property. Locust Valley School District.

Last Listed By

Barry Paley

Keller Williams Points North Brokerage Phone: 516-865-1800 License #10491208062 Listed on: 08/14/2023

Keller Williams Points North

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,299

Year Built

  • Built in 1932

Lot Details

  • 10,000 Sq Ft Lot
  • Lot Dimensions are 100x100
  • No Common Walls
  • Private Entrance
  • Corner Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Frame Construction

Interior Spaces

  • 2,079 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Entrance Foyer
  • Formal Dining Room
  • Den
  • Wood Flooring

Kitchen

  • Oven
  • Freezer
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Schools

  • Ann Macarthur Primary Elementary School
  • Locust Valley Middle School
  • Locust Valley High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Cesspool

Additional Features

  • Patio
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cooking gas, electricity, heat
  • Legal Lot and Block 124 / 14
  • Assessor Parcel Number 2489-30-014-00-0124-0

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,299

Year Built

Built in 1932

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Two Story
  • Property SubType: Multi Family
  • Property Condition: Excellent
  • Year Built: 1932
  • New Construction: No
  • Attribution Contact: 516-865-1800
  • Co List Office Mls Id: ONEKEWG03
  • Co List Office Phone: 516-865-1800
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Freezer, Oven, Refrigerator, Washer
  • Interior Amenities: First Floor Bedroom, Den/Family Room, Formal Dining, Entrance Foyer, Granite Counters
  • Living Area Units: Square Feet
  • Fireplaces: 1
  • Flooring: Hardwood
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Basement: Full, Unfinished, Walk-Out Access
  • Inclusions: Dishwasher,Dryer,Freezer,Refrigerator,Second Stove,Washer
  • Total Bedrooms: 4
  • Fireplace: Yes
  • Living Area: 2079
  • SquareFootage: 2079.00
  • NumberOfKitchens: 2

Exterior Features

  • Construction Materials: Brick, Frame
  • Exterior Features: Private Entrance
  • Patio and Porch Features: Patio
  • FloodZoneReportYN: 1

Garage/Parking

  • Total Parking Spaces: 4
  • Attached Garage: Yes
  • Garage Spaces: 2
  • Garage: Yes
  • Parking Description: Private, Attached, 2 Car Attached

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Sewer: Cesspool
  • Water Source: Public
  • Hot Water: Gas Stand Alone
  • NumberOfHeatingZones: 2
  • SeparateHotwaterHeaterDetail: Y

Association/Amenities

  • Community Features: Park, Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Locust Valley Middle School

Lot Info

  • Lot Size Acres: 0.23
  • Lot Size Area: 0.23
  • Lot Dimensions: 100X100
  • Lot Size Sq Ft: 10000
  • Lot Size Units: Acres
  • Lot Features: Corner Lot, Near Public Transit
  • Parcel Number: 2489-30-014-00-0124-0
  • Property Attached: No
  • ResoLotSizeUnits: Acres
  • FloodZoneDate: 2023-08-15

Rental Info

  • Lease Considered: No
  • Tenant Pays: Cooking Gas, Electricity, Heat

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 12298.69
  • Tax Block: 14
  • Tax Lot: 124
  • Tax Map Number: 2489-30-014-00-0124-0

MLS Schools

  • Elementary School: Ann Macarthur Primary School
  • High School: Locust Valley High School
  • Middle School District: Locust Valley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2023
Closed on
Jan 3, 2024
Sold by
Cross James
Bought by
Tsang Wai Kei and Jiang Joyce
Seller's Agent
Barry Paley
Keller Williams Points North
Buyer's Agent
Barry Paley
Keller Williams Points North
List Price
$850,000
Sold Price
$760,000
Premium/Discount to List
-$90,000
-10.59%
Total Days on Market
79
Views
184
Current Estimated Value
$921,816

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,816
Avg. Annual Appreciation
11.03%
Original Mortgage
$608,000
Outstanding Balance
$600,770
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$270,839

Purchase Details

Closed on
Jan 20, 2012
Sold by
Gallo John
Bought by
Cross James

Purchase Details

Closed on
Apr 30, 2010
Sold by
Wells Fargo Bank N A and Option One Mortgage Loan Trust
Bought by
Cross James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,758
Interest Rate
5.37%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 8, 2009
Sold by
Referees Of Nassau County and Mackey Jr Esq
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Feb 10, 2004
Sold by
Rodriguez Carlos
Bought by
Barajas Carlos

Purchase Details

Closed on
Oct 4, 2001
Sold by
Gallo Augustino
Bought by
Rodriguez Carlos Manuel

Purchase Details

Closed on
Feb 10, 1998

Purchase Details

Closed on
Sep 17, 1996
Sold by
Forgione Anthony and Forgione Frank Est
Bought by
Gallo Augustino and Gallo John

Purchase Details

Closed on
Apr 9, 1996
Sold by
Forgione Anthony
Bought by
Bruno Antonio and Tornicchio Francesco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,000
Interest Rate
7.34%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 17, 1995
Sold by
Forgione Anthony
Bought by
Forgione Anthony and Forgione Guy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,500
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 4, 1995
Sold by
Forgione Anthony
Bought by
Tornicchio Giuseppe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,500
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 30, 1995
Sold by
Forgione Anthony
Bought by
Forgione Anthony and Forgione Guy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,500
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 9, 1995
Sold by
Forgione Frank Est
Bought by
Tornicchio Francesco and Tornicchio Giuseppe

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tsang Wai Kei $760,000 Security Ttl Guarantee Corp
Tsang Wai Kei $760,000 Security Ttl Guarantee Corp
Cross James $30,000 --
Cross James $30,000 --
Cross James $260,000 --
Cross James $260,000 --
Wells Fargo Bank Na $313,707 First American Title
Wells Fargo Bank Na $313,707 First American Title
Barajas Carlos $410,000 --
Barajas Carlos $410,000 --
Rodriguez Carlos Manuel $275,000 --
Rodriguez Carlos Manuel $275,000 --
-- -- --
-- -- --
Gallo Augustino $27,000 --
Gallo Augustino $27,000 --
Bruno Antonio $41,500 --
Bruno Antonio $41,500 --
Forgione Anthony -- --
Forgione Anthony -- --
Forgione Anthony -- --
Tornicchio Giuseppe $37,500 --
Tornicchio Giuseppe $37,500 --
Forgione Anthony -- --
Forgione Anthony -- --
Tornicchio Francesco $25,000 --
Tornicchio Francesco $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tsang Wai Kei $608,000
Closed Tsang Wai Kei $608,000
Previous Owner Cross James $303,750
Previous Owner Cross James $278,758
Previous Owner Bruno Antonio $24,000
Previous Owner Forgione Anthony $136,500
Previous Owner Forgione Anthony $140,000
Previous Owner Tornicchio Giuseppe $25,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2024 01/03/24 Sold $760,000 -4.9% $366 / Sq Ft
11/02/2023 11/02/23 Pending -- -- --
09/21/2023 09/21/23 Price Changed $799,000 -6.0% $384 / Sq Ft
08/27/2023 08/27/23 For Sale $850,000 0.0% $409 / Sq Ft
08/14/2023 08/14/23 For Sale $850,000 -- $409 / Sq Ft
Source: OneKey® MLS

Tax History Compared to Growth

Source: Public Records

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
2024 $5,086 $600 $309 $291
2023 $12,299 $582 $299 $283
2022 $12,299 $600 $309 $291
2021 $11,469 $579 $298 $281
2020 $9,579 $643 $642 $1
2019 $9,048 $643 $642 $1
2017 $4,916 $656 $634 $22
2016 $7,882 $47 $47 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3497824

OneKey® MLS

APN: 30-014-00-0124