NOT LISTED FOR SALE

1001 Forest Ave Rye, NY 10580

Estimated Value: $6,506,000 - $8,810,750

5 Beds
6 Baths
7,490 Sq Ft
$1,059/Sq Ft Est. Value

Last Sold May 06, 2022

Last sale price $13,370,000 $1,785 Per Sq Ft

Est. 41% decrease in value since last sale

Current estimated payment $58,043/month

135 Days on Market

Highlights

  • Beach Front
  • Water Access
  • Colonial Architecture
  • Rye Middle School Rated A+
  • 2.58 Acre Lot
  • Property is near public transit

About This Home

As of May 2022

ONE OF RYE'S MOST BREATHTAKING WATERFRONT PROPERTIES. The renowned architects, Shope, Reno & Wharton, designed a truly magnificent home with a wonderful blend of enduring tradition and outstanding craftsmanship. Prominently positioned to capture the beautiful sunrises over Long Island Sound, this shingle style Colonial reflects the essence of a gracious and serene lifestyle. The 7,490 square feet of generously proportioned living and entertaining spaces and its picturesque setting with exceptional privacy are enhanced by its 2.58 acres waterfront location on notable Milton Point.

Last Agent to Sell the Property

Barbara Haynes

Houlihan Lawrence Inc. License #40HA0614915 Listed on: 11/17/2021

Houlihan Lawrence Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $160,233

Year Built

  • Built in 1994

Lot Details

  • 2.58 Acre Lot
  • Beach Front
  • Sprinkler System

Parking

  • 3 Car Attached Garage

Home Design

  • Colonial Architecture
  • Frame Construction
  • Wood Siding

Interior Spaces

  • 7,490 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Cathedral Ceiling
  • 5 Fireplaces
  • Entrance Foyer
  • Formal Dining Room
  • Home Gym
  • Home Security System
  • Property Views

Kitchen

  • Eat-In Kitchen
  • Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Marble Countertops

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Powder Room

Laundry

  • Dryer
  • Washer

Attic

  • Walkup Attic
  • Finished Attic

Outdoor Features

  • Water Access
  • Patio

Location

  • Property is near public transit

Schools

  • Milton Elementary School
  • Rye Middle School
  • Rye High School

Utilities

  • Central Air
  • 7 Heating Zones
  • Heating System Uses Natural Gas
  • Hydro-Air Heating System
  • Natural Gas Water Heater

Community Details

  • Park

Listing and Financial Details

  • Assessor Parcel Number 1400-153-019-00001-000-0001-2

Home Details

Home Type

Single Family

Est. Annual Taxes

$160,233

Year Built

Built in 1994

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Architectural Style: Colonial
  • Property SubType: Single Family Residence
  • Levels: Two
  • Year Built: 1994
  • Attribution Contact: 914-967-7680
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Dishwasher, Dryer, Microwave, Refrigerator, Oven, Washer, Wine Cooler
  • Interior Amenities: Cathedral Ceiling(s), Eat-in Kitchen, Exercise Room, Formal Dining Room, Entrance Foyer, Marble Countertops, Master Bath, Powder Room, Walk-In Closet(s), Wet Bar
  • Living Area Units: Square Feet
  • Fireplaces: 5
  • Attic Description: Finished, Walkup
  • Flooring: Hardwood, Wall To Wall Carpet
  • Common Walls: No Common Walls
  • Total Bathrooms: 6
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Basement: None
  • Inclusions: Alarm System, B/I Shelves, Central Vacuum, Cook Top, Dishwasher, Dryer, Garage Remote, Generator, Light Fixtures, Microwave, Refrigerator, Screens, Wall Oven, Wall to Wall Carpet, Washer, Wine Cooler
  • Total Bedrooms: 5
  • Fireplace: Yes
  • Living Area: 7490.00
  • Square Footage: 7490.00

Exterior Features

  • Construction Materials: Frame, Shingle Siding, Wood Siding
  • Waterfront Features: Beach Front, Water Access, Waterfront
  • View: Other
  • Exterior Features: Sprinkler Lawn System
  • Patio and Porch Features: Patio
  • Waterfront: Yes
  • View YN: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Garage: Yes
  • Parking Description: Attached, 3 Car Attached

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Natural Gas, Hydro Air
  • Hot Water: Gas Stand Alone
  • Heating Zones: 7
  • Security: Security System
  • Sewer: Public Sewer
  • Water Source: Public

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Elementary School: Milton School
  • Middle School: Rye Middle School
  • High School: Rye High School
  • Middle School: Rye Middle School

Lot Info

  • Lot Size Acres: 2.5800
  • Lot Size Area: 2.5800
  • Lot Size Sq Ft: 112481.00
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 1400-153-019-00001-000-0001-2
  • Property Attached: No

Rental Info

  • Lease Considered: No

Tax Info

  • Close Date: 2022-05-06
  • Included in Taxes: Sewer, Trash
  • Tax Annual Amount: 160233.00
  • Tax Map Number: 1400-153-019-00001-000-0001-2

MLS Schools

  • Elementary School: Milton School
  • High School: Rye High School
  • Middle School District: Rye

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2020
Closed on
May 24, 2021
Sold by
Oneill Timothy and Oneill Nancy
Bought by
1001 Forest Ave Llc
Seller's Agent
Mary Frances Cone
Julia B Fee Sothebys Int. Rlty
List Price
$13,500,000
Sold Price
$13,000,000
Premium/Discount to List
-$500,000
-3.7%
Current Estimated Value
$7,931,583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,068,417
Avg. Annual Appreciation
-10.74%
Original Mortgage
$8,775,000
Outstanding Balance
$7,939,908
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
-$8,325

Purchase Details

Closed on
Aug 31, 1999
Sold by
Shaw Gregory M and Shaw Judith E
Bought by
Oneill Timothy and Oneill Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
1001 Forest Ave Llc $13,000,000 Future Title Agency Inc
Oneill Timothy $4,455,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1001 Forest Ave Llc $8,775,000
Previous Owner Oneill Timothy $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/06/2022 05/06/22 Sold $13,370,000 -10.1% $1,785 / Sq Ft
04/02/2022 04/02/22 Pending -- -- --
11/17/2021 11/17/21 For Sale $14,875,000 +14.4% $1,986 / Sq Ft
05/24/2021 05/24/21 Sold $13,000,000 -3.7% $1,736 / Sq Ft View Prior Sale
02/12/2021 02/12/21 Pending -- -- --
10/22/2020 10/22/20 For Sale $13,500,000 -- $1,802 / 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 $189,908 $160,550 $60,100 $100,450
2023 $174,992 $154,250 $60,100 $94,150
2022 $169,502 $154,250 $60,100 $94,150
2021 $160,233 $154,250 $60,100 $94,150
2020 $158,279 $146,250 $60,100 $86,150
2019 $64,320 $146,250 $60,100 $86,150
2018 $117,047 $146,250 $60,100 $86,150
2017 $37,471 $146,250 $60,100 $86,150
2016 $59,837 $146,250 $60,100 $86,150
2015 -- $146,250 $60,100 $86,150
2014 -- $146,250 $60,100 $86,150
2013 -- $146,250 $60,100 $86,150
Source: Public Records

Agents Affiliated with this Home

  • Barbara Haynes

    Seller's Agent in 2022

    Barbara Haynes

    Houlihan Lawrence Inc.

    (914) 589-0714

    14 in this area

    23 Total Sales

    Barbara Haynes
    Section Image

  • M

    Seller's Agent in 2021

    Mary Frances Cone

    Julia B Fee Sothebys Int. Rlty

    Section Image
  • Christina Murphy

    Seller Co-Listing Agent in 2021

    Christina Murphy

    Julia B Fee Sothebys Int. Rlty

    (914) 967-4600

    42 in this area

    50 Total Sales

    Christina Murphy
    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY6153165

OneKey® MLS

APN: 1400-153-019-00001-000-0001-2

New York Westchester County Rye 10580

1001 Forest Ave, Rye, NY

This home is located at 1001 Forest Ave, Rye, NY 10580 since 17 November 2021 and is currently estimated at $7,931,583, approximately $1,058 per square foot. This property was built in 1994. 1001 Forest Ave is a home located in Westchester County with nearby schools including Rye Middle School, Rye High School, and Resurrection Grammar School.

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