NOT LISTED FOR SALE

1480 Factory Ave Mattituck, NY 11952

Nassau Point Neighborhood

Estimated Value: $692,000 - $1,147,000

4 Beds
3 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold November 02, 2021

Last sale price $700,000

Est. 31% increase in value since last sale

Current estimated payment $5,767/month

97 Days on Market

Highlights

  • Cape Cod Architecture
  • Main Floor Bedroom
  • Forced Air Heating and Cooling System
  • Mattituck-Cutchogue Elementary School Rated A-
  • Den

About This Home

As of November 2021

Hard to Find! 2 Houses on 1 Lot. Both Houses in Great Condition. Both Houses Have The Required Rental Permits. 3 Bedroom/2 Bath Main House and 1 Bedroom/1 Bath Cottage. Both Houses Have Full Basements with Good Ceiling Height and Inside Entrances. Main House Has Central Air Conditioning. Nice Outdoor Space and Off Street Parking for Each House. Live in One and Rent Out The Other or Rent Out Both! Great Property For Your Like Exchange Purchase! Part of Mattituck Parks District. One Mile to Beautiful Bay Beach and Park. 1/3 Mile to Grocery, Restaurant, Movies and NYC Transportation. 1/2 Mile to Love Lane Shops and LIRR. MAIN HOUSE - Livingroom, Office, EIK, 3 Bedrooms/2 Baths (2 bedrooms and bath on 1st floor), Large Full Basement. COTTAGE - Livingroom, EIK, 1 Bedroom/1 Bath, Full Basement (all rooms on first floor).

Last Agent to Sell the Property

Paul Loeb

Douglas Elliman Real Estate Brokerage Phone: 631-477-2220 License #40LO1106933 Listed on: 06/10/2021

Douglas Elliman Real Estate

Last Buyer's Agent

Susan Orioli

Engel & Volkers North Fork License #10301223083

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,395

Year Built

  • Built in 1950

Lot Details

  • 7,405 Sq Ft Lot
  • No Common Walls

Home Design

  • Cape Cod Architecture
  • Frame Construction
  • Shake Siding
  • Vinyl Siding
  • Cedar

Interior Spaces

  • Den
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 3 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Private Parking
  • Off-Street Parking

Schools

  • Mattituck-Cutchogue Elementary Sch
  • Mattituck Junior-Senior High Middle School
  • Mattituck Junior-Senior High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Cesspool

Listing and Financial Details

  • Legal Lot and Block 4 / 1
  • Assessor Parcel Number 1000-142-00-01-00-004-000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,395

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Cape Cod
  • Property SubType: Multi Family
  • Property Condition: Excellent
  • Year Built: 1950
  • New Construction: No
  • Attribution Contact: 631-477-2220
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: First Floor Bedroom, Den/Family Room
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Basement: Full, Unfinished
  • Total Bedrooms: 4
  • NumberOfKitchens: 2

Exterior Features

  • Construction Materials: Frame, Cedar, Shake Siding, Vinyl Siding
  • FloodZoneReportYN: 1

Garage/Parking

  • Total Parking Spaces: 4
  • Attached Garage: No
  • Garage: No
  • Parking Description: Private, Off Street

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Oil, Forced Air
  • Sewer: Cesspool
  • Water Source: Public
  • Hot Water: Fuel Oil Stand Alone

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Mattituck Junior-Senior High School

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Dimensions: 0.17
  • Lot Size Sq Ft: 7405
  • Lot Size Units: Acres
  • Parcel Number: 1000-142-00-01-00-004-000
  • Property Attached: No
  • ResoLotSizeUnits: Acres
  • FloodZoneDate: 2021-06-11

Rental Info

  • Lease Considered: No

Multi Family

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

Tax Info

  • Tax Annual Amount: 7395
  • Tax Block: 1
  • Tax Lot: 4
  • Tax Map Number: 1000-142-00-01-00-004-000

MLS Schools

  • Elementary School: Mattituck-Cutchogue Elementary Sch
  • High School: Mattituck Junior-Senior High School
  • Middle School District: Mattituck-Cutchogue

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2021
Closed on
Nov 2, 2021
Sold by
Factory Ave Partners Inc
Bought by
Falussy Aloysius J and Falussy Aloysius J
Seller's Agent
Paul Loeb
Douglas Elliman Real Estate
Buyer's Agent
Susan Orioli
Engel & Volkers North Fork
List Price
$749,000
Sold Price
$700,000
Premium/Discount to List
-$49,000
-6.54%
Current Estimated Value
$915,771

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,771
Avg. Annual Appreciation
5.53%
Original Mortgage
$525,000
Interest Rate
3.12%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jul 13, 2016
Sold by
Racanelli Steven and Racanelli Janine A
Bought by
Factory Avenue Partners Inc

Purchase Details

Closed on
Feb 9, 2004
Sold by
Krudop Robert H
Bought by
Racanelli Steven and Racanelli Janine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,000
Interest Rate
5.83%
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 Buyer Sale Price Title Company
Falussy Aloysius J $700,000 None Available
Falussy Aloysius J $700,000 None Available
Factory Avenue Partners Inc $415,000 None Available
Factory Avenue Partners Inc $415,000 None Available
Racanelli Steven $397,500 --
Racanelli Steven $397,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Falussy Aloysius J $525,000
Previous Owner Racanelli Steven $3,120
Previous Owner Racanelli Steven $318,000
Previous Owner Krudop Robert H $50,000
Previous Owner Krudop Robert H $19,000
Previous Owner Krudop Robert H $63,548
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2021 11/02/21 Sold $700,000 -4.0% --
09/15/2021 09/15/21 Pending -- -- --
08/10/2021 08/10/21 Price Changed $729,000 -2.7% --
06/10/2021 06/10/21 For Sale $749,000 -- --
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 $7,981 $5,100 $300 $4,800
2023 $7,981 $5,100 $300 $4,800
2022 $7,603 $5,100 $300 $4,800
2021 $7,395 $5,100 $300 $4,800
2020 $3,649 $5,100 $300 $4,800
2019 $3,649 $0 $0 $0
2018 $7,018 $5,100 $300 $4,800
2017 $7,133 $5,100 $300 $4,800
2016 $7,212 $5,100 $300 $4,800
2015 -- $5,100 $300 $4,800
2014 -- $5,100 $300 $4,800
Source: Public Records

Agents Affiliated with this Home

  • Paul Loeb

    Seller's Agent in 2021

    Paul Loeb

    Douglas Elliman Real Estate

    (631) 553-5255

    5 in this area

    49 Total Sales

    Paul Loeb
    Section Image
  • Susan Orioli

    Buyer's Agent in 2021

    Susan Orioli

    Engel & Volkers North Fork

    (516) 287-6896

    36 in this area

    72 Total Sales

    Susan Orioli
    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY3320293

OneKey® MLS

APN: 1000-142-00-01-00-004-000

New York Suffolk County Mattituck 11952 Nassau Point

1480 Factory Ave, Mattituck, NY

This home is located at 1480 Factory Ave, Mattituck, NY 11952 since 10 June 2021 and is currently estimated at $915,771. This property was built in 1950. 1480 Factory Ave is a home located in Suffolk County with nearby schools including Mattituck-Cutchogue Elementary School and Mattituck Junior/Senior High School.

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