161 Wallace St Freeport, NY 11520
Estimated payment $5,797/month
Highlights
- Popular Property
- Open Floorplan
- Victorian Architecture
- Gourmet Galley Kitchen
- Property is near public transit
- High Ceiling
About This Home
An absolute gem in the heart of the coveted Freeport Estates section of the village, this 4-bedroom, 2–full-bath home is a rare blend of history, charm, and modern luxury. Thoughtfully updated to deliver today’s comfort and elegance while preserving the timeless simplicity and character that give it undeniable soul, this residence shines from the moment you arrive. The expansive wrap-around front porch—built for gatherings, morning coffee year-round, and effortless evening relaxation—overlooks an oversized lot that offers both space and privacy. A long, wide driveway leads to a detached garage, and side paved space for the car enthusiasts next restoration, enhancing convenience, functionality, and classic curb appeal and plenty of room for the man with and his big boy toys. Warm, welcoming, and unmistakably special, the home opens to expansive rooms, high ceilings, and a warm, inviting kitchen with gas cooking. A second staircase adds charm and practicality, while the huge full basement—with its own side-entrance driveway access—provides exceptional flexibility for storage, workshop space, or future finishing. The fully fenced (6 ft.) rear yard is a blank canvas ready for your ideal backyard paradise—garden, pool, outdoor kitchen, entertainer’s oasis, or serene retreat. All of this sits just steps from an award-winning elementary school, close to public transportation and bus lines, and only a 7-minute walk to the LIRR station, making commuting effortless. A detached gable-roof 1-car garage and full vinyl 10x10 shed add even more utility and charm. And then there’s the showstopper: a massive, unfinished 3rd-floor attic with full walk-up stairs and standing-room height—true untapped value, perfect for a future gym, private office, cigar lounge & humidor room, yoga studio, arts & crafts room, playroom, teen gaming loft, meditation or prayer space. Situated on a generous quarter-acre lot on a wide, private street, the property also includes security motion lighting and four separate exterior entrances for convenience and privacy. Inside, the formal dining room features a wood-burning fireplace with a beautiful built-in mantle—you can practically smell the holiday meals already. This is history, charm, comfort, and modern living all wrapped into one. A home like this simply will NOT last.
Listing Agent
HomeSmart Premier Living Rlty Brokerage Phone: 631-629-3630 License #10401230197 Listed on: 11/10/2025
Co-Listing Agent
HomeSmart Premier Living Rlty Brokerage Phone: 631-629-3630 License #10401358051
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $13,049
Year Built
- Built in 1909
Lot Details
- 0.25 Acre Lot
- Lot Dimensions are 70 x 157
- Landscaped
- Level Lot
- Cleared Lot
- Garden
- Back Yard Fenced and Front Yard
Parking
- 1 Car Detached Garage
- Oversized Parking
- Driveway
- On-Street Parking
- Off-Street Parking
Home Design
- Victorian Architecture
- Vinyl Siding
Interior Spaces
- 1,900 Sq Ft Home
- Open Floorplan
- Built-In Features
- High Ceiling
- Wood Burning Fireplace
- ENERGY STAR Qualified Doors
- Entrance Foyer
- Family Room
- Formal Dining Room
- Storage
Kitchen
- Gourmet Galley Kitchen
- Gas Oven
- Gas Cooktop
- Microwave
- Dishwasher
- Stainless Steel Appliances
- ENERGY STAR Qualified Appliances
- Granite Countertops
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
- Low Flow Plumbing Fixtures
Laundry
- Laundry Room
- Dryer
- Washer
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
- Basement Storage
Location
- Property is near public transit
- Property is near schools
- Property is near shops
- Property is near a golf course
Schools
- Caroline G Atkinson Elementary School
- John W Dodd Middle School
- Freeport High School
Utilities
- Ductless Heating Or Cooling System
- Vented Exhaust Fan
- Baseboard Heating
- Natural Gas Connected
- Gas Water Heater
- High Speed Internet
- Cable TV Available
Additional Features
- ENERGY STAR Qualified Equipment for Heating
- Wrap Around Porch
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $9,444 | $438 | $177 | $261 |
| 2024 | $928 | $429 | $173 | $256 |
| 2023 | $9,909 | $474 | $192 | $282 |
| 2022 | $9,909 | $448 | $181 | $267 |
| 2021 | $13,255 | $456 | $184 | $272 |
| 2020 | $9,671 | $595 | $453 | $142 |
| 2019 | $8,756 | $595 | $341 | $254 |
| 2018 | $8,616 | $791 | $0 | $0 |
| 2017 | $9,411 | $782 | $453 | $329 |
| 2016 | $10,585 | $782 | $453 | $329 |
| 2015 | -- | $782 | $453 | $329 |
| 2014 | -- | $782 | $453 | $329 |
| 2013 | $1,067 | $782 | $453 | $329 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/10/2025 11/10/25 | For Sale | $892,000 | -- | $469 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $320,000 | Prefered Abstract Corp | |
| Bargain Sale Deed | $320,000 | Prefered Abstract Corp | |
| Bargain Sale Deed | $320,000 | Prefered Abstract Corp | |
| Bargain Sale Deed | $200,000 | None Available | |
| Bargain Sale Deed | $200,000 | None Available | |
| Bargain Sale Deed | $200,000 | None Available | |
| Foreclosure Deed | $302,287 | Web Title | |
| Foreclosure Deed | $302,287 | Web Title | |
| Foreclosure Deed | $302,287 | Web Title |
Source: OneKey® MLS
MLS Number: 923760
APN: 2009-55-384-00-0048-0
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