NOT LISTED FOR SALE

402 E Penn St Long Beach, NY 11561

Estimated Value: $1,122,000 - $1,210,783

6 Beds
4 Baths
3,195 Sq Ft
$365/Sq Ft Est. Value

Last Sold November 04, 2021

Last sale price $950,000 $297 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $7,005/month

24 Days on Market

Highlights

  • Property has ocean access
  • Water Views
  • Property is near public transit
  • Lido Elementary School Rated A
  • Deck
  • Cathedral Ceiling

About This Home

As of November 2021

Legal 2 family home near beach and boardwalk! Enjoy summers and make a great Investment ! Great opportunity to own income producing property, house features 3 bedrooms and 2 baths on each level, garage, 3 cars private driveway, huge backyard . First floor has 3 bedrooms, 2 baths, eat in kitchen, living /dining room. Upper unit is open and airy with cathedral ceilings and 6 skylights, 3 bedrooms, 2 baths, large eating kitchen, living room, fireplace, dining room, hard wood floors, huge loft, wrap around deck w/slight ocean view.

Last Agent to Sell the Property

Lilya Bogatin

C21 Verdeschi & Walsh Realty License #30BO0832355 Listed on: 07/06/2021

Last Buyer's Agent

Kathleen Walsh

C21 Verdeschi & Walsh Realty License #10491209346

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,201

Year Built

  • Built in 1997

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50x100
  • No Common Walls
  • Southwest Facing Home
  • Back Yard Fenced
  • Corner Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Frame Construction
  • Stucco

Interior Spaces

  • 2-Story Property
  • Cathedral Ceiling
  • Skylights
  • 1 Fireplace
  • Combination Dining and Living Room
  • Den
  • Water Views

Kitchen

  • Eat-In Kitchen
  • Oven
  • Cooktop
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Property has ocean access
  • Deck
  • Porch

Location

  • Property is near public transit

Schools

  • East Elementary School
  • Long Beach Middle School
  • Long Beach High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Air
  • 2 Heating Zones
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Municipal Trash

Listing and Financial Details

  • Tenant pays for all utilities, cooking gas, electricity, heat
  • Legal Lot and Block 169 / 159
  • Assessor Parcel Number 1000-59-159-00-0169-0

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,201

Year Built

Built in 1997

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: 2 Story
  • Property SubType: Multi Family
  • Property Condition: mint
  • Levels: Two
  • Year Built: 1997
  • New Construction: No
  • Attribution Contact: 516-431-6160
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Cooktop, Dishwasher, Dryer, Oven, Refrigerator, Washer
  • Interior Amenities: Cathedral Ceiling(s), Den/Family Room, Eat-in Kitchen, Living Room / Dining Room, Master Bath
  • Living Area Units: Square Feet
  • Fireplaces: 1
  • Flooring: Hardwood, Wall To Wall Carpet
  • Common Walls: No Common Walls
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Basement: None
  • Inclusions: A/C Units, Cook Top, Dishwasher, Dryer, Mailbox, Refrigerator, Second Dishwasher, Second Dryer, Second Stove, Wall to Wall Carpet, Washer
  • Total Bedrooms: 6
  • Fireplace: Yes
  • Kitchens: 2
  • Window Features: Skylight(s)

Exterior Features

  • Direction Faces: Southwest
  • Construction Materials: Frame, Stucco
  • Flood Zone Report: No
  • Waterfront Features: Ocean Access
  • Fencing: Back Yard, Fenced
  • View: Other, Water
  • Patio and Porch Features: Deck, Porch
  • View YN: Yes

Garage/Parking

  • Total Parking Spaces: 3.00
  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Description: Private, Attached, 1 Car Attached

Utilities

  • Cooling: Central Air, Wall Unit(s)
  • Cooling: Yes
  • Garbage Removal: Public
  • Heating: Natural Gas, Baseboard, Hot Water
  • Hot Water: Gas Stand Alone
  • Heating Zones: 2
  • Separate Hotwater Heater Detail: 2
  • Sewer: Public Sewer
  • Water Source: Public

Association/Amenities

  • Community Features: Park, Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Elementary School: East Elementary School, Lido Elementary School, Lindell Boulevard School, West Elementary School
  • Middle School: Long Beach Middle School
  • High School: Long Beach High School
  • Middle School: Long Beach Middle School

Lot Info

  • Lot Size Acres: 0.1100
  • Lot Size Area: 0.1100
  • Lot Dimensions: 50x100
  • Lot Size Sq Ft: 5000.00
  • Lot Size Units: Acres
  • Lot Features: Corner Lot, Near Public Transit
  • Parcel Number: 1000-59-159-00-0169-0
  • Property Attached: No

Rental Info

  • Lease Considered: No
  • Tenant Pays: All Utilities, Cooking Gas, Electricity, Heat

Tax Info

  • Close Date: 2021-11-04
  • Included in Taxes: Sewer, Trash
  • Tax Annual Amount: 15201.40
  • Tax Block: 159
  • Tax Lot: 169
  • Tax Map Number: 1000-59-159-00-0169-0

Multi Family

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

MLS Schools

  • Elementary School: East Elementary School, Lido Elementary School, Lindell Boulevard School, West Elementary School
  • High School: Long Beach High School
  • Middle School District: Long Beach

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2021
Closed on
Oct 28, 2021
Sold by
Neumark Michelle Barrow
Bought by
Seaman James
Seller's Agent
Lilya Bogatin
C21 Verdeschi & Walsh Realty
Buyer's Agent
Kathleen Walsh
C21 Verdeschi & Walsh Realty
List Price
$998,000
Sold Price
$950,000
Premium/Discount to List
-$48,000
-4.81%
Current Estimated Value
$1,166,392

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,392
Avg. Annual Appreciation
5.29%
Original Mortgage
$712,500
Outstanding Balance
$653,065
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$513,328

Purchase Details

Closed on
Jun 21, 2002
Sold by
Neumark Michelle

Purchase Details

Closed on
Nov 1, 2001

Purchase Details

Closed on
Apr 6, 1998
Sold by
440 West Market Corp
Bought by
Neumark Bernie and Barrow Michelle

Purchase Details

Closed on
Apr 17, 1997
Sold by
Jackson Associates Of Nas Sau
Bought by
440 W Market Corp
Source: Public Records

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 Buyer Sale Price Title Company
Seaman James $950,000 None Available
-- -- --
-- -- --
Neumark Bernie $340,000 --
440 W Market Corp $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Seaman James $712,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2021 11/04/21 Sold $950,000 -4.8% $297 / Sq Ft
07/30/2021 07/30/21 Pending -- -- --
07/06/2021 07/06/21 For Sale $998,000 -- $312 / 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 $10,655 $740 $273 $467
2024 $1,285 $760 $280 $480
2023 $9,659 $797 $294 $503
2022 $9,659 $767 $283 $484
2021 $17,521 $764 $253 $511
2020 $6,475 $780 $532 $248
2019 $1,157 $836 $535 $301
2018 $1,180 $891 $0 $0
2017 $5,465 $947 $539 $408
2016 $1,169 $1,002 $484 $518
2015 $1,299 $1,058 $511 $547
2014 $1,299 $1,058 $511 $547
2013 $1,384 $1,180 $570 $610
Source: Public Records

Agents Affiliated with this Home

  • Lilya Bogatin

    Seller's Agent in 2021

    Lilya Bogatin

    C21 Verdeschi & Walsh Realty

    (516) 395-4558

    8 in this area

    18 Total Sales

    Lilya Bogatin
    Section Image
  • Kathleen Walsh

    Buyer's Agent in 2021

    Kathleen Walsh

    C21 Verdeschi & Walsh Realty

    (516) 582-0919

    41 in this area

    53 Total Sales

    Kathleen Walsh
    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY3327275

OneKey® MLS

APN: 1000-59-159-00-0169-0

New York Nassau County Long Beach 11561

402 E Penn St, Long Beach, NY

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