NOT LISTED FOR SALE

Estimated Value: $4,703,111

6 Beds
6.5 Baths
-- Sq Ft
1.32 Acres

Last Sold April 23, 2021

Last sale price $6,780,000

Est. 31% decrease in value since last sale

Current estimated payment $26,189/month

163 Days on Market

Highlights

  • Beach Front
  • Docks
  • Rooftop Deck
  • Manhasset Secondary School Rated A+
  • In Ground Pool
  • Sauna

About This Home

As of April 2021

Step inside this sun drenched Hamptons style showplace which offers stunning architectural details & finishes that sets a new standard for luxury No detail has been missed in this newly completely rebuilt & expanded 6 bedroom, 6.5 bath residence with its own private sandy beach on 1.32 acres of prime Manhasset Bay waterfront. Imagine breathtaking sunsets with panoramic vistas from any of the gorgeous principal entertaining spaces. Be mesmerized by the property which is truly a tranquil retreat offering a 22 x 42 heated inground salt water pool & spa, a summer kitchen, multiple terraces including one w a cozy outdoor fireplace This custom state of the art smart home offers 11 zones of radiant heat, 5 fireplaces,newly built 250 ft dock & stone sea wall, 10 ft plus ceilings, sonos sound sytem water filtration system, Central Air Conditioning, Security System w cameras,bespoke cabinetry,a true gourmet kitchen with a La Cornue Range & much more.Over 7800 sq ft of luxury on 3 open levels .

Last Agent to Sell the Property

Lorraine Downey

Compass Greater NY LLC Brokerage Phone: 516-627-2800 License #10401335469 Listed on: 08/05/2020

Compass Greater NY LLC

Last Buyer's Agent

Rosalyn Meyer

Daniel Gale Sothebys Intl Rlty License #10401241986

Daniel Gale Sothebys Intl Rlty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $59,300

Year Built

  • Built in 1908 | Remodeled in 2015

Lot Details

  • 1.32 Acre Lot
  • Beach Front
  • Property Fronts a Bay or Harbor
  • Back Yard Fenced
  • Level Lot
  • Sprinkler System

Parking

  • 2 Car Attached Garage

Home Design

  • Nantucket Architecture
  • Shake Siding
  • Stone Siding
  • Cedar

Interior Spaces

  • 3-Story Property
  • Cathedral Ceiling
  • 5 Fireplaces
  • New Windows
  • Entrance Foyer
  • Formal Dining Room
  • Home Office
  • Storage
  • Sauna
  • Finished Basement
  • Walk-Out Basement
  • Home Security System
  • Property Views

Kitchen

  • Eat-In Kitchen
  • Marble Countertops

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Powder Room

Outdoor Features

  • In Ground Pool
  • Docks
  • Balcony
  • Rooftop Deck
  • Patio
  • Porch

Schools

  • Shelter Rock Elementary School
  • Manhasset Middle School
  • Manhasset Secondary High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Cesspool

Community Details

  • Park

Listing and Financial Details

  • Legal Lot and Block 27 & 321 / 182

Home Details

Home Type

Single Family

Est. Annual Taxes

$59,300

Year Built

Built in 1908 | Remodeled in 2015

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Architectural Style: Nantucket
  • Property SubType: Single Family Residence
  • Property Condition: Excellent
  • Levels: Three Or More
  • Year Built: 1908
  • New Construction: No
  • Year Built Effective: 2015
  • Attribution Contact: 516-627-2800
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2015

Interior Features

  • Interior Amenities: First Floor Bedroom, Cathedral Ceiling(s), Den/Family Room, Eat-in Kitchen, Formal Dining, Entrance Foyer, Home Office, Marble Bath, Marble Counters, Master Bath, Pantry, Powder Room, Sauna, Storage, Walk-In Closet(s)
  • Living Area Units: Square Feet
  • Fireplaces: 5
  • Common Walls: No Common Walls
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Basement: Finished, Walk-Out Access
  • Total Bedrooms: 6
  • Fireplace: Yes
  • Window Features: New Windows
  • AtticDescription: Walkup
  • NumberOfKitchens: 1

Exterior Features

  • Construction Materials: Cedar, Shake Siding, Stone
  • Waterfront Features: Bay/Harbor, Beach Front, Waterfront
  • Fencing: Back Yard
  • Pool Features: In Ground
  • Pool Private: Yes
  • View: Open
  • Exterior Features: Balcony, Roof Deck, Sprinkler System, Dock
  • Patio and Porch Features: Deck, Patio, Porch
  • View YN: Yes
  • FloodZoneReportYN: 0

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air, Other
  • Security: Security System
  • Sewer: Cesspool

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Manhasset Middle School

Lot Info

  • Lot Size Acres: 1.32
  • Lot Size Area: 1.32
  • Lot Dimensions: 1.32 acres
  • Lot Size Sq Ft: 57534
  • Lot Size Units: Acres
  • Lot Features: Level
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No

Tax Info

  • Tax Annual Amount: 59300
  • Tax Block: 182
  • Tax Lot: 27 & 321
  • Tax Other Annual Assessment Amount: 5158
  • IncludedInTaxes: Trash

MLS Schools

  • Elementary School: Shelter Rock Elementary School
  • High School: Manhasset Secondary School
  • Middle School District: Manhasset

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2020
Closed on
Apr 23, 2021
Sold by
Assad Edward and Assad Alicia
Bought by
Chan Karen Li and Chan Fei
Seller's Agent
Lorraine Downey
Compass Greater NY LLC
Buyer's Agent
Rosalyn Meyer
Daniel Gale Sothebys Intl Rlty
List Price
$8,498,000
Sold Price
$6,780,000
Premium/Discount to List
-$1,718,000
-20.22%
Total Days on Market
163
Current Estimated Value
$4,703,111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,076,889
Avg. Annual Appreciation
-7.63%
Original Mortgage
$2,800,000
Outstanding Balance
$2,629,442
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$2,264,313

Purchase Details

Closed on
Sep 13, 2010
Sold by
Simon Daniel M and Simon Barbara
Bought by
Assad Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,300,000
Interest Rate
4.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 17, 2003
Sold by
Simon Daniel

Purchase Details

Closed on
Mar 26, 1998
Source: Public Records

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Range of Values:

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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
Chan Karen Li $6,780,000 None Available
Assad Edward $3,300,000 --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chan Karen Li $2,800,000
Previous Owner Assad Edward $2,300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2021 04/23/21 Sold $6,780,000 -7.1% --
01/15/2021 01/15/21 Pending -- -- --
12/03/2020 12/03/20 Price Changed $7,298,000 -8.8% --
09/24/2020 09/24/20 Price Changed $7,998,000 -5.9% --
08/05/2020 08/05/20 For Sale $8,498,000 -- --
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 $14,760 $3,722 $2,178 $1,544
2023 $45,013 $3,722 $2,178 $1,544
2022 $45,013 $3,722 $2,178 $1,544
2021 $39,173 $4,397 $1,634 $2,763
2020 $71,152 $7,821 $3,925 $3,896
2019 $72,568 $8,777 $4,405 $4,372
2018 $72,568 $8,777 $0 $0
2017 $30,269 $5,533 $4,405 $1,128
2016 $43,935 $5,533 $4,405 $1,128
2015 $13,008 $5,533 $4,405 $1,128
2014 $13,008 $5,533 $4,405 $1,128
2013 $12,403 $5,533 $4,405 $1,128
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3240021

OneKey® MLS

APN: 2237-03-182-00-0027-0