$1,570,000
SOLD SEP 16, 2024

28 W Olive St Long Beach, NY 11561

5 Beds
4 Baths
2,556 Sq Ft
5,998 Sq Ft Lot

Recently Sold

$614 Per Sq Ft

2% Below List Price

39 Days on Market

Highlights

  • Beach Access
  • Deck
  • Wood Flooring
  • Lido Elementary School Rated A
  • Property is near public transit
  • Main Floor Primary Bedroom

About This Home

As of September 2024

FANTASTIC LOCATION! Recently renovated 2-fam home in the very desirable Westholme Area of Long Beach, only a few short blocks from the beach/boardwalk, LIRR, shopping, fabulous restaurants, about 1 mile from the West End. Perfect if you're interested in living in one unit while generating rental income from the other or rent out both units as a long-term investment. Easily converted back to a Single-fam. Low Taxes, only $16,035 without STAR Exemption. This 2550 SF home has 5 BRs & 4 Full Baths: gutted/renovated in 2017 to code w/ all-new electrical, plumbing, HVAC, hardwood FLs, windows, doors, kitchens, baths. Wood-burning fireplace, 9-foot ceilings & an open concept. Each FL has its own separate Heat, CentralAC, Electric & laundry room. Outdoor spaces incl front porch, 2nd FL has a large deck, large patio, beautiful landscaping, in-ground sprinklers, outdoor shower & room for a pool. 2-car Garage & private 4 car driveway. House is fully occupied.1st Floor will be vacant upon closing Additional Information: Amenities:Storage,ParkingFeatures:2 Car Detached,

Last Agent to Sell the Property

David White

Owner Entry.com Brokerage Phone: (617) 542-9300 License #10371201849 Listed on: 05/18/2024

Last Buyer's Agent

Michael Nolan

Douglas Elliman Real Estate License #10401334371

Douglas Elliman Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,035

Year Built

  • Built in 1923 | Remodeled in 2017

Lot Details

  • 5,998 Sq Ft Lot
  • Fenced
  • Front and Back Yard Sprinklers

Home Design

  • Duplex
  • Stucco

Interior Spaces

  • Fireplace
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Granite Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • En-Suite Primary Bedroom
  • 4 Full Bathrooms

Parking

  • 4 Car Detached Garage
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Beach Access
  • Deck
  • Patio
  • Porch

Location

  • Property is near public transit

Schools

  • Contact Agent Elementary School
  • Long Beach Middle School
  • Long Beach High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Heating System Uses Wood
  • Hydro-Air Heating System

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 1000-59-086-00-0027-0

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,035

Year Built

Built in 1923 | Remodeled in 2017

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Duplex
  • Year Built: 1923
  • Year Built Effective: 2017
  • Attribution Contact: (617) 542-9300
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2017

Interior Features

  • Appliances: Gas Water Heater
  • Interior Amenities: Master Downstairs, First Floor Bedroom, Eat-in Kitchen, Granite Counters, Primary Bathroom
  • Flooring: Hardwood
  • Full Bathrooms: 4
  • Basement: Finished, Full, See Remarks
  • Total Bedrooms: 5
  • Fireplace: Yes
  • Basement YN: Yes

Exterior Features

  • Construction Materials: Stucco
  • Waterfront Features: Beach Access
  • Fencing: Fenced
  • Patio and Porch Features: Deck, Patio, Porch
  • Waterfront: Yes

Garage/Parking

  • Total Parking Spaces: 4
  • Parking Description: Detached, Driveway, Off Street

Utilities

  • Cooling: Central Air, Individual Units
  • Heating: Natural Gas, Wood, Hydro Air
  • Sewer: Public Sewer
  • Utilities: Trash Collection Public
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle School: Long Beach Middle School

Lot Info

  • Lot Size Acres: 0.1377
  • Lot Size Area: 0.1377
  • Lot Size Sq Ft: 5998
  • Building Area Total: 2556
  • Lot Features: Near Public Transit, Near School, Near Shops, Sprinklers In Front, Sprinklers In Rear
  • Parcel Number: 1000-59-086-00-0027-0
  • Property Attached: No

Building Info

  • Building Features: Fireplace

Rental Info

  • Tenant Pays: All Utilities, See Remarks

Multi Family

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

Tax Info

  • Tax Annual Amount: 16035
  • Tax Year: 2023

MLS Schools

  • Elementary School: Contact Agent
  • High School: Long Beach High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2024
Closed on
Sep 5, 2024
Sold by
Mascioli Paul M and Mascioli Linda M
Bought by
Francis Robert Eros and Brummer Nicole Alexandra
Seller's Agent
David White
Owner Entry.com
Buyer's Agent
Michael Nolan
Douglas Elliman Real Estate
List Price
$1,598,000
Sold Price
$1,570,000
Premium/Discount to List
-$28,000
-1.75%
Current Estimated Value
$1,564,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,353
Avg. Annual Appreciation
-0.81%
Original Mortgage
$1,200,000
Outstanding Balance
$1,189,965
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$369,260

Purchase Details

Listed on
Apr 15, 2016
Closed on
Sep 28, 2016
Sold by
Harris Arthur B and Ira Harris Third Party Special Needs Tru
Bought by
Mascioli Neil and Mascioli Paul M
Seller's Agent
Joe Sinnona
EXP Realty
Buyer's Agent
Joe Sinnona
EXP Realty
List Price
$749,000
Sold Price
$635,000
Premium/Discount to List
-$114,000
-15.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.09%
Original Mortgage
$508,000
Interest Rate
3.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2015
Sold by
Soloway Beatrice
Bought by
Ira Harris Third Party Specialneeds Trus and Harris
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 Type Sale Price Title Company
Bargain Sale Deed $1,570,000 Judicial Title
Bargain Sale Deed $1,570,000 Judicial Title
Trustee Deed $635,000 Fidelity National Title Insu
Trustee Deed $635,000 Fidelity National Title Insu
Trustee Deed $635,000 Fidelity National Title Insu
Interfamily Deed Transfer -- Attorney
Interfamily Deed Transfer -- Attorney
Interfamily Deed Transfer -- Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,200,000 New Conventional
Closed $1,200,000 New Conventional
Previous Owner $648,750 New Conventional
Previous Owner $508,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2024 12/09/24 Off Market $635,000 -- --
09/16/2024 09/16/24 Sold $1,570,000 0.0% $614 / Sq Ft
09/09/2024 09/09/24 Sold $1,570,000 -1.8% $614 / Sq Ft
08/05/2024 08/05/24 Pending -- -- --
06/26/2024 06/26/24 Pending -- -- --
05/20/2024 05/20/24 For Sale $1,598,000 0.0% $625 / Sq Ft
05/18/2024 05/18/24 For Sale $1,598,000 +151.7% $625 / Sq Ft
10/07/2016 10/07/16 Sold $635,000 -9.2% $248 / Sq Ft
05/27/2016 05/27/16 Pending -- -- --
05/06/2016 05/06/16 Price Changed $699,000 -6.7% $273 / Sq Ft
04/15/2016 04/15/16 For Sale $749,000 -- $293 / 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 $1,023 $703 $290 $413
2024 $1,023 $698 $287 $411
2023 $8,545 $801 $325 $476
2022 $8,545 $726 $299 $427
2021 $17,671 $783 $290 $493
2020 $14,126 $984 $794 $190
2019 $9,236 $1,125 $908 $217
2018 $10,481 $1,125 $0 $0
2017 $5,552 $1,125 $858 $267
2016 $1,138 $1,191 $645 $546
2015 $1,043 $1,257 $681 $576
2014 $1,043 $1,257 $681 $576
2013 $1,728 $1,676 $908 $768
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: H6307921

OneKey® MLS

APN: 1000-59-086-00-0027-0