NOT LISTED FOR SALE

331 S Ocean Ave Patchogue, NY 11772

Estimated Value: $641,670 - $785,000

6 Beds
3 Baths
-- Sq Ft
0.25 Acres

Last Sold May 10, 2022

Last sale price $525,000

Est. 34% increase in value since last sale

Current estimated payment $5,149/month

49 Days on Market

Highlights

  • 0.25 Acre Lot
  • Property is near public transit
  • 1 Car Detached Garage
  • Deck
  • Corner Lot
  • Window Unit Cooling System

About This Home

As of May 2022

Excellent investment property with great income potential! This home is permitted as 2 legal rental units. 6 bedrooms, 3 baths, washer/dryer in each unit w/dry wells. Newer features incl. roof, plumbing, electric, heating system, cesspools/overflows, exterior paint. 200 amp service in each, alarm system, basement for storage, 1.5 car detached garage, oversized driveway for 3+ cars, front & rear private entrances.

Last Agent to Sell the Property

Gina Ferraro

Century 21 Anchor Real Estate License #10311206704 Listed on: 01/26/2022

Century 21 Anchor Real Estate

Co-Listed By

Cristina Ferraro

Century 21 Anchor Real Estate License #10311210058

Last Buyer's Agent

Gina Ferraro

Century 21 Anchor Real Estate License #10311206704 Listed on: 01/26/2022

Century 21 Anchor Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,445

Year Built

  • Built in 1880

Lot Details

  • 0.25 Acre Lot
  • No Common Walls
  • Private Entrance
  • Partially Fenced Property
  • Corner Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Duplex
  • Frame Construction

Interior Spaces

  • Combination Dining and Living Room
  • Basement Fills Entire Space Under The House
  • Home Security System
  • Oven

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • South Ocean Middle School
  • Patchogue-Medford High School

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Water Heated By Indirect Tank
  • Cesspool

Additional Features

  • Deck
  • Property is near public transit

Listing and Financial Details

  • Legal Lot and Block 35 / 0008
  • Assessor Parcel Number 0204-016-00-08-00-035-001

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,445

Year Built

Built in 1880

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Duplex
  • Property SubType: Multi Family
  • Property Condition: Excellent
  • Year Built: 1880
  • New Construction: No
  • Attribution Contact: 631-714-4410
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Oven, Refrigerator, Washer
  • Interior Amenities: Living Room / Dining Room
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement: Full
  • Inclusions: Alarm System, Dryer, Refrigerator, Shed, Wall to Wall Carpet, Washer
  • Total Bedrooms: 6
  • Kitchens: 2

Exterior Features

  • Construction Materials: Frame
  • Flood Zone Date: 2022-02-02
  • Flood Zone Report: Yes
  • Fencing: Partial
  • Exterior Features: Private Entrance
  • Patio and Porch Features: Deck

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Description: Private, Detached, 1 Car Detached

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Hot Water
  • Hot Water: Indirect Tank
  • Security: Security System
  • Sewer: Cesspool
  • Water Source: Public

Association/Amenities

  • Community Features: Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: South Ocean Middle School

Lot Info

  • Lot Size Acres: 0.2500
  • Lot Dimensions: .25
  • Lot Size Sq Ft: 10890.00
  • Lot Size Units: Acres
  • Lot Features: Corner Lot, Near Public Transit
  • Parcel Number: 0204-016-00-08-00-035-001
  • Property Attached: No

Rental Info

  • Hold End Date: 2022-03-10
  • Hold Start Date: 2022-02-17
  • Lease Considered: No

Tax Info

  • Close Date: 2022-05-10
  • Tax Annual Amount: 16445.00
  • Tax Block: 0008
  • Tax Lot: 35
  • Tax Other Annual Assessment Amount: 3876.00
  • Tax Map Number: 0204-016-00-08-00-035-001

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 3

MLS Schools

  • High School: Patchogue-Medford High School
  • Middle School District: Patchogue-Medford

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2022
Closed on
May 10, 2022
Sold by
Ruvolo Alfred and Ruvolo Natalie
Bought by
Artusa Kellyann
Seller's Agent
Gina Ferraro
Century 21 Anchor Real Estate
Buyer's Agent
Gina Ferraro
Century 21 Anchor Real Estate
List Price
$559,000
Sold Price
$525,000
Premium/Discount to List
-$34,000
-6.08%
Current Estimated Value
$705,668

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,668
Avg. Annual Appreciation
8.49%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Artusa Kellyann $525,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2022 05/10/22 Sold $525,000 -6.1% --
03/16/2022 03/16/22 Pending -- -- --
03/11/2022 03/11/22 For Sale $559,000 +6.5% --
02/17/2022 02/17/22 Off Market $525,000 -- --
01/26/2022 01/26/22 For Sale $559,000 -- --
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 $17,421 $3,350 $700 $2,650
2023 $13,394 $3,350 $700 $2,650
2022 $11,966 $3,350 $700 $2,650
2021 $11,966 $3,350 $700 $2,650
2020 $16,136 $3,350 $700 $2,650
2019 $12,305 $0 $0 $0
2018 $11,543 $3,350 $700 $2,650
2017 $11,543 $3,350 $700 $2,650
2016 $11,264 $3,350 $700 $2,650
2015 -- $3,350 $700 $2,650
2014 -- $3,350 $700 $2,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3372229

OneKey® MLS

APN: 0204-016-00-08-00-035-001