NOT LISTED FOR SALE

1 Lincoln Dr Rocky Point, NY 11778

Estimated Value: $492,000 - $560,000

7 Beds
4 Baths
-- Sq Ft
10,019 Sq Ft Lot

Last Sold April 13, 2022

Last sale price $360,000

Est. 47% increase in value since last sale

Current estimated payment $3,413/month

127 Days on Market

About This Home

As of April 2022

Unique Opportunity For An Investor Or Multi Family Home Buyer. Property Needs A Little TLC. Possible Subdivision, Currently 3 Houses On One Property With 4 Units and Separate Electric Meters On Each Unit. Subdivide Property Or Obtain Your Own Rental Permit! Many Options for Income or Investment. All Information Contained Within Deemed Accurate But Should Be Verified By Buyer. CASH OFFERS.

Last Agent to Sell the Property

Jennifer Torre

Northshore Properties Realty Brokerage Phone: 516-874-6565 License #10401258189 Listed on: 05/03/2021

Last Buyer's Agent

Jennifer Torre

Northshore Properties Realty Brokerage Phone: 516-874-6565 License #10401258189 Listed on: 05/03/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,000

Year Built

  • Built in 1960

Lot Details

  • 10,019 Sq Ft Lot
  • No Common Walls
  • Subdivision Possible

Home Design

  • Brick Exterior Construction
  • Frame Construction
  • Block Exterior
  • Cedar

Interior Spaces

  • Wood Burning Stove
  • Unfinished Basement
  • Partial Basement

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Parking

  • Private Parking
  • Driveway

Schools

  • Rocky Point Middle School
  • Rocky Point High School

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Cesspool

Community Details

  • 2 Units
  • 4 Separate Electric Meters

Listing and Financial Details

  • Legal Lot and Block 41 / 0007
  • Assessor Parcel Number 0200-055-00-07-00-041-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,000

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Other
  • Property SubType: Multi Family
  • Property Condition: good
  • Year Built: 1960
  • New Construction: No
  • Attribution Contact: 516-874-6565
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Fireplace Features: Wood Burning Stove
  • Common Walls: No Common Walls
  • Full Bathrooms: 4
  • Basement: Partial, Unfinished
  • Total Bedrooms: 7
  • NumberOfKitchens: 4

Exterior Features

  • Construction Materials: Block, Brick, Frame, Cedar
  • FloodZoneReportYN: 1

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: Private, Driveway

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Electric, Oil, Baseboard
  • Sewer: Cesspool
  • Water Source: Public
  • Hot Water: None

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Rocky Point Middle School

Lot Info

  • Lot Size Acres: 0.23
  • Lot Size Area: 0.23
  • Lot Dimensions: 0.23
  • Lot Size Sq Ft: 10019
  • Lot Size Units: Acres
  • Lot Features: Possible Sub Division
  • Parcel Number: 0200-055-00-07-00-041-000
  • Property Attached: No
  • ResoLotSizeUnits: Acres
  • FloodZoneDate: 2021-05-04

Rental Info

  • Lease Considered: No
  • Available Date: 2021-10-05

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 4

Tax Info

  • Tax Annual Amount: 11000
  • Tax Block: 0007
  • Tax Lot: 41
  • Tax Map Number: 0200-055-00-07-00-041-000
  • IncludedInTaxes: Trash

MLS Schools

  • High School: Rocky Point High School
  • Middle School District: Rocky Point

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2021
Closed on
Apr 13, 2022
Sold by
1 Lincoln Dr Llc
Bought by
Badalamenti Joseph
Seller's Agent
Jennifer Torre
Northshore Properties Realty
Buyer's Agent
Jennifer Torre
Northshore Properties Realty
List Price
$399,999
Sold Price
$360,000
Premium/Discount to List
-$39,999
-10%
Current Estimated Value
$529,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,667
Avg. Annual Appreciation
12.10%

Purchase Details

Closed on
Aug 12, 2020
Sold by
Riddle Ryan
Bought by
1 Lincoln Dr Llc

Purchase Details

Closed on
May 8, 2020
Sold by
Capital Group Funding Llc
Bought by
Riddle Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,200
Interest Rate
3.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 20, 2017
Sold by
Loizides Argere and Flynn Georgette C
Bought by
Long Island Real Estate Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,000
Interest Rate
3.96%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Mar 10, 2016
Sold by
Loizides Argere and Kompass Mary E
Bought by
Loizides Argere and Flynn Georgette C

Purchase Details

Closed on
Jun 10, 2004
Sold by
Contogine Ethel B and Contogine John
Bought by
Loizides Argere and Kompass Mary E
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Badalamenti Joseph -- None Available
1 Lincoln Dr Llc -- None Available
Riddle Ryan $339,000 None Available
Long Island Real Estate Enterprises Llc $80,500 None Available
Loizides Argere -- Advantage Title Agency
Loizides Argere -- Safe Harbor Title Agency Ltd
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Riddle Ryan $271,200
Previous Owner Capital Group Funding Llc $166,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2022 04/13/22 Sold $360,000 -10.0% --
09/07/2021 09/07/21 Pending -- -- --
05/03/2021 05/03/21 For Sale $399,999 -- --
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 $6,324 $900 $200 $700
2023 $6,324 $900 $200 $700
2022 $4,191 $900 $200 $700
2021 $4,191 $900 $200 $700
2020 $4,205 $900 $200 $700
2019 $4,205 $0 $0 $0
2018 $4,029 $900 $200 $700
2017 $4,029 $900 $200 $700
2016 $3,944 $900 $200 $700
2015 -- $900 $200 $700
2014 -- $900 $200 $700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3309058

OneKey® MLS

APN: 0200-055-00-07-00-041-000