NOT LISTED FOR SALE

242 W Bay Dr Long Beach, NY 11561

Estimated Value: $1,409,000 - $2,017,505

6 Beds
4 Baths
2,275 Sq Ft
$753/Sq Ft Est. Value

Last Sold June 15, 2022

Last sale price $2,000,000 $879 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $9,365/month

52 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • New Construction
  • 2 Fireplaces
  • Lido Elementary School Rated A
  • Powered Boats Allowed
  • 2 Car Attached Garage

About This Home

As of June 2022

WATERFRONT Gorgeous Custom Built Legal Two Family on OPEN BAY, Stunning Bay Views & City Views, Luxury Waterfront Living + Income Too. Each Apartment Includes 3 Bed Rooms and 2 Bath Rooms, Radiant Heat in Kit & Bath Rooms, Living Room w/Fire Place + Sliders to Private Terrace, Quartz Counter Top, Hardwood Floors, CAC, Individual Washer/Dryer, Elevator to Each Floor. Top Floor Apartment Includes Vaulted Ceiling & Elevator, Each Apartment Comes With1 Car Garage and Driveway. Bonus Space On Main Floor, Manicured Landscape and Irrigation System Included Short, Short distance to LIRR, 1 Hour to New York City, Entertainment, Restaurants, Recreation Center, Brewery, Beautiful Beach & Boardwalk, Magnificent Water Views!!!

Last Agent to Sell the Property

Mary Peri

RE/MAX Beach West License #10301221205 Listed on: 04/01/2022

RE/MAX Beach West

Last Buyer's Agent

Charles Patton

Daniel Gale Sothebys Intl Rlty License #10401344021

Daniel Gale Sothebys Intl Rlty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $579

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 4,120 Sq Ft Lot
  • Lot Dimensions are 40x105
  • Property Fronts a Bay or Harbor
  • No Common Walls

Parking

  • 2 Car Attached Garage
  • Driveway

Property Views

  • Water
  • Panoramic

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • 2 Fireplaces
  • Partial Basement

Kitchen

  • Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Lindell Boulevard Elementary School
  • Long Beach Middle School
  • Long Beach High School

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 22 / 53
  • Assessor Parcel Number 1000-59-053-00-0022-0

Community Details

Overview

  • 2 Units

Recreation

  • Powered Boats Allowed

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$579

Year Built

Built in 2022 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Duplex
  • Property SubType: Multi Family
  • Property Condition: Excellent
  • Levels: Three Or More
  • Year Built: 2022
  • New Construction: Yes
  • Attribution Contact: 516-889-7500
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Oven, Refrigerator, Washer
  • Living Area Units: Square Feet
  • Fireplaces: 2
  • Common Walls: No Common Walls
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Basement: Partial
  • Inclusions: Dishwasher, Dryer, Refrigerator, Washer
  • Total Bedrooms: 6
  • Fireplace: Yes
  • Kitchens: 2

Exterior Features

  • Construction Materials: Other, Vinyl Siding
  • Flood Zone Date: 2022-04-06
  • Flood Zone Report: Yes
  • Waterfront Features: Bay, Waterfront
  • View: Panoramic, Water
  • Waterfront: Yes
  • View YN: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Description: Private, Attached, 2 Car Attached, Driveway, Garage

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Hot Water: See Remarks
  • Sewer: Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Powered Boats Allowed
  • Senior Community: No

Schools

  • Elementary School: Lindell Boulevard School
  • Middle School: Long Beach Middle School
  • High School: Long Beach High School
  • Middle School: Long Beach Middle School

Lot Info

  • Lot Size Acres: 0.0900
  • Lot Size Area: 0.0900
  • Lot Dimensions: 40x105
  • Lot Size Sq Ft: 4120.00
  • Lot Size Units: Acres
  • Parcel Number: 1000-59-053-00-0022-0
  • Property Attached: No

Rental Info

  • Lease Considered: No

Tax Info

  • Close Date: 2022-06-15
  • Tax Block: 53
  • Tax Lot: 22
  • Tax Map Number: 1000-59-053-00-0022-0

Multi Family

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

MLS Schools

  • Elementary School: Lindell Boulevard School
  • High School: Long Beach High School
  • Middle School District: Long Beach

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2022
Closed on
Jun 15, 2022
Sold by
J5 Lb Group Llc
Bought by
242 West Bay Drive Llc
Seller's Agent
Mary Peri
RE/MAX Beach West
Buyer's Agent
Charles Patton
Daniel Gale Sothebys Intl Rlty
List Price
$2,200,000
Sold Price
$2,000,000
Premium/Discount to List
-$200,000
-9.09%
Current Estimated Value
$1,713,253

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$286,747
Avg. Annual Appreciation
-4.68%

Purchase Details

Closed on
Sep 14, 2018
Sold by
Lindholm Robert A and Lindholm Barbara A
Bought by
J5 Jb Group Llc

Purchase Details

Closed on
Nov 25, 2017
Sold by
Szymanowicz John
Bought by
Lindholm Robert A and Lindholm Barbara A
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
242 West Bay Drive Llc $2,000,000 Judicial Title
242 West Bay Drive Llc $2,000,000 Judicial Title
J5 Jb Group Llc $520,000 Advantage Title
J5 Jb Group Llc $520,000 Advantage Title
Lindholm Robert A -- --
Lindholm Robert A -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2022 06/15/22 Sold $2,000,000 -9.1% $879 / Sq Ft
05/23/2022 05/23/22 Pending -- -- --
04/01/2022 04/01/22 For Sale $2,200,000 -- $967 / 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
2025 $579 $1,285 $605 $680
2024 $579 $1,098 $605 $493
2023 $4,638 $338 $338 $0
2022 $4,638 $630 $291 $339
2021 $16,543 $690 $268 $422
2020 $13,736 $1,405 $1,404 $1
2019 $1,944 $1,405 $1,404 $1
2018 $4,573 $1,405 $0 $0
2017 $9,349 $1,405 $1,404 $1
2016 $1,734 $1,405 $1,134 $271
2015 $1,724 $1,405 $1,134 $271
2014 $1,724 $1,405 $1,134 $271
2013 $2,197 $1,873 $1,512 $361
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3388028

OneKey® MLS

APN: 1000-59-053-00-0022-0