NOT LISTED FOR SALE

412 E Penn St Long Beach, NY 11561

Estimated Value: $969,405 - $1,143,000

7 Beds
4 Baths
2,596 Sq Ft
$407/Sq Ft Est. Value

Last Sold July 10, 2019

Last sale price $755,000 $291 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $6,388/month

24 Days on Market

Highlights

  • Beach Access
  • Deck
  • Porch
  • Lido Elementary School Rated A
  • Formal Dining Room
  • Eat-In Kitchen

About This Home

As of July 2019

Legal 2 Family With Incredible Potential And High Rent Roll 1 Block From Beach. Many Updates Throughout This Multifamily Unit Is Presently Occupied With Short Term Leases Which Can Be Extended. Fully Finished Basement With Washer And Dryer, First Floor Includes 2 Bedrooms, Office Or 3rd Bedroom, 2 Full Baths, Living Rm, Dining Rm, Kitchen. Second Floor Has 3 Bedrooms, 3 Baths, Family Rm, & Kitchen. This Is New To The Market And Very Desirable Multifamily Unit!

Last Agent to Sell the Property

Thomas Tripodi

Douglas Elliman Real Estate License #30TR1034165 Listed on: 01/27/2019

Douglas Elliman Real Estate

Last Buyer's Agent

Daniel Guerrier

Douglas Elliman Real Estate License #40GU1101751

Douglas Elliman Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,260

Year Built

  • Built in 1920

Lot Details

  • 4,000 Sq Ft Lot
  • Lot Dimensions are 40x100

Parking

  • Private Parking

Home Design

  • Duplex
  • Bi-Level Home
  • Frame Construction

Interior Spaces

  • Formal Dining Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Beach Access
  • Deck
  • Porch

Utilities

  • Central Air
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Legal Lot and Block 11 / 159
  • Assessor Parcel Number 1000-59-159-00-0011-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,260

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Duplex
  • Levels: Split Entry (Bi-Level)
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Interior Amenities: Eat-in Kitchen, Formal Dining
  • Full Bathrooms: 4
  • Basement: Finished, Full
  • Total Bedrooms: 7
  • Fireplace: No
  • Basement YN: No

Exterior Features

  • Construction Materials: Frame
  • Waterfront Features: Beach Access
  • Pool Private: No
  • Spa: No
  • Patio and Porch Features: Deck, Porch

Garage/Parking

  • Parking Description: Private

Utilities

  • Cooling: Central Air
  • Heating: Hot Water, Natural Gas
  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Lot Info

  • Lot Dimensions: 40X100
  • Lot Size Sq Ft: 4000
  • Parcel Number: 1000-59-159-00-0011-0
  • Property Attached: No

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 2

Tax Info

  • Tax Annual Amount: 14260.46
  • Tax Block: 159
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2019
Closed on
Jul 10, 2019
Sold by
Lattanzio Ronald
Bought by
Nika Management Llc
Seller's Agent
Thomas Tripodi
Douglas Elliman Real Estate
Buyer's Agent
Daniel Guerrier
Douglas Elliman Real Estate
List Price
$799,000
Sold Price
$755,000
Premium/Discount to List
-$44,000
-5.51%
Current Estimated Value
$1,056,203

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$301,203
Avg. Annual Appreciation
5.46%
Original Mortgage
$490,750
Outstanding Balance
$429,017
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$627,186

Purchase Details

Closed on
Aug 4, 2016
Sold by
Earnhart Stanton L and Kramer Eileen
Bought by
Lattanzio Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
2.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2003
Sold by
Corbin Arthur
Bought by
Earnhart Stanton

Purchase Details

Closed on
Jun 5, 2001
Sold by
Schol Charles
Bought by
Corbin Arthur

Purchase Details

Closed on
Jul 16, 1996
Sold by
Schulman Mark
Bought by
Schol Charles
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Nika Management Llc $755,000 Fidelity National Title
Nika Management Llc $755,000 Fidelity National Title
Lattanzio Ronald $700,000 None Available
Lattanzio Ronald $700,000 None Available
Lattanzio Ronald $700,000 None Available
Earnhart Stanton $570,000 --
Earnhart Stanton $570,000 --
Corbin Arthur $375,000 Paul Coogen
Corbin Arthur $375,000 Paul Coogen
Schol Charles $159,000 --
Schol Charles $159,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nika Management Llc $490,750
Closed Nika Management Llc $490,750
Previous Owner Lattanzio Ronald $525,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/10/2024 12/10/24 Off Market $755,000 -- --
07/10/2019 07/10/19 Sold $755,000 0.0% $291 / Sq Ft
05/21/2019 05/21/19 Off Market $755,000 -- --
02/20/2019 02/20/19 Pending -- -- --
01/27/2019 01/27/19 For Sale $799,000 0.0% $308 / Sq Ft
08/26/2014 08/26/14 For Rent $1,850 0.0% --
08/26/2014 08/26/14 Rented $1,850 -- --
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 $10,310 $716 $247 $469
2024 $1,373 $765 $264 $501
2023 $10,457 $765 $264 $501
2022 $10,457 $765 $264 $501
2021 $19,964 $733 $253 $480
2020 $14,604 $984 $743 $241
2019 $1,361 $984 $743 $241
2018 $1,265 $984 $0 $0
2017 $5,711 $984 $743 $241
2016 $1,215 $984 $591 $393
2015 $1,275 $1,039 $624 $415
2014 $1,275 $1,039 $624 $415
2013 $1,451 $1,237 $743 $494
Source: Public Records

Agents Affiliated with this Home

  • Thomas Tripodi

    Seller's Agent in 2019

    Thomas Tripodi

    Douglas Elliman Real Estate

    (516) 902-3497

    54 in this area

    132 Total Sales

    Thomas Tripodi
    Section Image

  • D

    Buyer's Agent in 2019

    Daniel Guerrier

    Douglas Elliman Real Estate

    (516) 603-8464

    7 Total Sales

    Daniel Guerrier
    Section Image
  • Thomas Denton

    Seller's Agent in 2014

    Thomas Denton

    Douglas Elliman Real Estate

    (516) 633-6363

    6 Total Sales

    Thomas Denton
    Section Image
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Map

Source: OneKey® MLS

MLS Number: L3096381

OneKey® MLS

APN: 1000-59-159-00-0011-0

New York Nassau County Long Beach 11561

412 E Penn St, Long Beach, NY

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