$13,000,000
SOLD MAY 24, 2021

1001 Forest Ave Rye, NY 10580

5 Beds
6 Baths
7,490 Sq Ft
2.58 Acres

Recently Sold

$1,736 Per Sq Ft

4% Below List Price

113 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

Exquisite waterfront custom Colonial with private shoreline & breathtaking panoramic views of Long Island Sound from every vantage point and room. Designed by renowned architects Shope, Reno & Wharton, this is one of Rye's finest and most exclusive waterfront properties. Elevated, protected & privately positioned, it offers the ultimate luxury lifestyle. A masterpiece of craftsmanship, this 7,490 sq ft, 5-bed home is light-filled & graced by soaring ceilings & walls of windows (add'l 1,008 sq ft on 3rd level not incl in above sq ft) From the grand 2-story foyer, to the formal living & dining rooms & rich walnut-paneled wet bar glistening waterfront views abound. The open-plan kitchen is spectacular, and the serenity of a family meal waterside is incomparable. Complemented by a glorious sunroom, 5 fireplaces, hardwood fls, and a lavish master suite, this is resort-like living. Dock permitting in progress. Multiple pool site options with one virtual image shown. 35mins from NYC.

Last Agent to Sell the Property

Mary Frances Cone

Julia B Fee Sothebys Int. Rlty License #30CO0649775 Listed on: 10/22/2020

Julia B Fee Sothebys Int. Rlty

Co-Listed By

Christina Murphy

Julia B Fee Sothebys Int. Rlty License #30MU0809834

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $158,278

Year Built

  • Built in 1994

Lot Details

  • 2.58 Acre Lot
  • Beach Front
  • Sprinkler System

Parking

  • 3 Car Attached Garage
  • Driveway

Home Design

  • Colonial Architecture
  • Frame Construction
  • Wood Siding
  • Aluminum Siding

Interior Spaces

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

Kitchen

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

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

Listing and Financial Details

  • Exclusions: Curtains/Drapes,Selected Light Fixtures
  • Assessor Parcel Number 1400-153-019-00001-000-0001-2

Home Details

Home Type

Single Family

Est. Annual Taxes

$158,278

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
  • Exclusions: Curtains/Drapes,Selected Light Fixtures
  • Year Built: 1994
  • Attribution Contact: 914-967-4600
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Dishwasher, Dryer, Oven, Refrigerator, Washer, Wine Cooler
  • Interior Amenities: Cathedral Ceiling(s), Eat-in Kitchen, Exercise Room, Formal Dining Room, Marble Countertops, Master Bath, Pantry, Powder Room, Walk-In Closet(s), Wet Bar
  • Living Area Units: Square Feet
  • Fireplaces: 5
  • Attic Description: Finished, Walkup
  • Flooring: Hardwood
  • Common Walls: No Common Walls
  • Total Bathrooms: 6
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Basement: None
  • Inclusions: Alarm System, Cook Top, Dishwasher, Door Hardware, Dryer, Garage Door Opener, 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, Aluminum Siding, Shingle Siding, Wood Siding
  • Waterfront Features: Beach Front, Water Access, Waterfront
  • View: Other, Water
  • 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, Driveway

Utilities

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

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: 112468.00
  • 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: 2021-05-24
  • Included in Taxes: Sewer, Trash
  • Tax Annual Amount: 158278.00
  • 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%
Total Days on Market
113
Current Estimated Value
$10,109,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,890,198
Avg. Annual Appreciation
-5.35%
Original Mortgage
$8,775,000
Outstanding Balance
$8,041,889
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$2,376,464

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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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 Type Sale Price Title Company
Bargain Sale Deed $13,000,000 Future Title Agency Inc
Bargain Sale Deed $4,455,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $8,775,000 New Conventional
Previous Owner $1,500,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,000,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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 $148,739 $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

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Map

Source: OneKey® MLS

MLS Number: KEY6078559

OneKey® MLS

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