NOT LISTED FOR SALE

437 Summit Ave Cedarhurst, NY 11516

Estimated Value: $1,576,057

6 Beds
7 Baths
3,120 Sq Ft
$505/Sq Ft Est. Value

Last Sold November 11, 2021

Last sale price $1,425,000 $457 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $9,234/month

94 Days on Market

Highlights

  • Colonial Architecture
  • 3-minute walk to Cedarhurst Station
  • Main Floor Primary Bedroom
  • Cathedral Ceiling
  • Wood Flooring
  • Marble Countertops

About This Home

As of November 2021

* LEGAL 2 FAMILY * Great & rare opportunity in Cedarhurst! Recently renovated, this beautiful and large multi-family home sits on 7550 sq ft of land centrally located near shopping, LIRR, Cedarhurst Park & houses of worship. Features 6 Bedrooms, 5 Full Bathrooms, 2 Half Bathrooms, Two Kosher 2-Sink Kitchens, Finished Basement has high ceilings and Separate Entrance. Main Unit on 1st Floor. 2nd Unit has a separate entrance & is a 2 Bedroom Apartment on the 2nd Floor. 3rd Floor is a separate & spacious Finished Walk-up Attic with a large room & full bathroom and has it's own access. Beautifully Landscaped Backyard, Great for BBQ & picnics. Long Private Driveway Leads to Detached 2 Car Garage. 3120 sq ft for the house does not include the attic & basement. ** Low Taxes ** NOT in Flood Zone ** Amazing rental opportunity. Can also easily be converted to a huge single family house. A MUST SEE!!

Last Agent to Sell the Property

David Wiener

Pin It Realty LLC License #10401339260 Listed on: 06/13/2021

Last Buyer's Agent

Judah Spector

All Going Realty LLC License #10401250683

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,836

Year Built

  • Built in 1920

Lot Details

  • 7,550 Sq Ft Lot
  • Lot Dimensions are 50x151
  • No Common Walls
  • Back Yard Fenced

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Aluminum Siding

Interior Spaces

  • Cathedral Ceiling
  • Skylights
  • Formal Dining Room
  • Home Office
  • Storage
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Oven
  • Dishwasher
  • Marble Countertops

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Schools

  • Lawrence Middle School-Broadway Camp
  • Lawrence Senior High School

Utilities

  • Ductless Heating Or Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 3 / 315
  • Assessor Parcel Number 2003-39-315-00-0003-0

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,836

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Property Condition: Excellent
  • Year Built: 1920
  • New Construction: No
  • Attribution Contact: 516-239-7940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Oven, Refrigerator, Washer
  • Interior Amenities: Master Downstairs, 1st Floor Bedrm, Cathedral Ceiling(s), Eat-in Kitchen, Formal Dining Room, Home Office, Living Room / Dining Room, Marble Countertops, Master Bath, Storage
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: No Common Walls
  • Total Bathrooms: 7
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Basement: Finished, Full, Walk-Out Access
  • Inclusions: A/C Units, Dishwasher, Dryer, Refrigerator, Second Dryer, Second Stove, Second Washer
  • Total Bedrooms: 6
  • Kitchens: 2
  • Window Features: Skylight(s)

Exterior Features

  • Construction Materials: Other, Aluminum Siding, Brick
  • Flood Zone Report: No
  • Fencing: Back Yard

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Description: Private, Detached, 2 Car Detached, Driveway

Utilities

  • Cooling: Ductless
  • Cooling: Yes
  • Heating: Natural Gas, Baseboard
  • Hot Water: Gas Stand Alone
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Lawrence Middle School-Broadway Camp

Lot Info

  • Lot Size Acres: 0.1700
  • Lot Dimensions: 50x151
  • Lot Size Sq Ft: 7550.00
  • Lot Size Units: Acres
  • Parcel Number: 2003-39-315-00-0003-0
  • Property Attached: No

Rental Info

  • Lease Considered: No

Tax Info

  • Close Date: 2021-11-11
  • Tax Annual Amount: 13836.48
  • Tax Block: 315
  • Tax Lot: 3
  • Tax Map Number: 2003-39-315-00-0003-0

Multi Family

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

MLS Schools

  • High School: Lawrence Senior High School
  • Middle School District: Lawrence

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2021
Closed on
Nov 5, 2021
Sold by
Zur Lana and Axelrod Janice
Bought by
Zalta Mousa and Feiner Rena
Seller's Agent
David Wiener
Pin It Realty LLC
Buyer's Agent
Judah Spector
All Going Realty LLC
List Price
$1,495,000
Sold Price
$1,425,000
Premium/Discount to List
-$70,000
-4.68%
Current Estimated Value
$1,576,057

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,057
Avg. Annual Appreciation
2.46%
Original Mortgage
$1,164,444
Outstanding Balance
$1,068,487
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$507,570

Purchase Details

Closed on
Jul 31, 2000

Purchase Details

Closed on
Aug 22, 1997
Sold by
Terranova Rose
Bought by
Zur Yariv and Resso Lrna

Purchase Details

Closed on
Aug 12, 1996
Sold by
Terranova Rose and Romanelli Rocco
Bought by
Mancuso Leonard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
8.08%

Purchase Details

Closed on
Feb 7, 1996
Sold by
Terranova Lisa
Bought by
Terranova Rose
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
Zalta Mousa $1,455,555 Old Republic National Title
-- -- --
Zur Yariv $310,000 --
Mancuso Leonard $405,000 --
Terranova Rose -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zalta Mousa $1,164,444
Previous Owner Mancuso Leonard $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/11/2021 11/11/21 Sold $1,425,000 -4.7% $457 / Sq Ft
09/15/2021 09/15/21 Pending -- -- --
06/13/2021 06/13/21 For Sale $1,495,000 -- $479 / 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 $11,900 $847 $310 $537
2024 $4,095 $847 $310 $537
Source: Public Records

Agents Affiliated with this Home

  • David Wiener

    Seller's Agent in 2021

    David Wiener

    Pin It Realty LLC

    (718) 207-6766

    15 in this area

    88 Total Sales

    David Wiener
    Section Image
  • Judah Spector

    Buyer's Agent in 2021

    Judah Spector

    All Going Realty LLC

    (516) 206-2005

    2 in this area

    32 Total Sales

    Judah Spector
    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY3331245

OneKey® MLS

APN: 2003-39-315-00-0003-0

New York Nassau County Cedarhurst 11516

437 Summit Ave, Cedarhurst, NY

Not Listed for Sale

MultiFamily

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