NOT LISTED FOR SALE

45 Drake Smith Ln Rye, NY 10580

Estimated Value: $6,159,845 - $7,205,000

5 Beds
7 Baths
7,592 Sq Ft
$907/Sq Ft Est. Value

Last Sold April 19, 2021

Last sale price $4,325,000 $570 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $43,351/month

132 Days on Market

Highlights

  • 1.54 Acre Lot
  • Colonial Architecture
  • Cathedral Ceiling
  • Rye Middle School Rated A+
  • Private Lot
  • Main Floor Bedroom

About This Home

As of April 2021

The best of both worlds- enjoy living in a Rye cul de sac neighborhood, while enjoying privacy at the same time. Located on one of Rye's most coveted & tucked away cul de sac streets. This magnificently crafted Nantucket style shingle home will check all of your boxes. Ideally located in Rye & close proximity to schools, this home offers a thoughtfully designed interior that is crafted to perfection. This home was custom built by Jerrico Construction for designer Sharla Seton. So much of this home was "hand done." The craftsmanship is bespoke, from cathedral & coffered ceilings, expansive windows, 3 car garage, mud room with built in desk for command central, walk in pantry, two powder rooms & finished walk-out lower level, no detail is overlooked. A large eat-in kitchen with an open flow to the family room offers the ability to savor, celebrate & spend time with loved ones. The home is lined with large glass doors and windows that bring in a magnificent amount of natural light. There is a first floor bedroom with full bath. A spacious office with floor to ceiling book shelves, doors to the back patio and a gas fireplace. Even the primary bedroom upstairs has a private balcony overlooking the backyard. In addition to the primary bedroom, there are 3 bedrooms, laundry room with folding counter, & a large playroom/remote learning space with full bath that can also be an extra bedroom. A short distance to all that Rye has to offer from award-winning schools, beach, parks, nature preserves, Rye downtown shops & incredible restaurants. Rye has the lowest effective tax rate in Westchester County. The tax assessor has this home valued/assessed at $4,711,538. Taxes could be grieved with a purchase at current list price.

Last Agent to Sell the Property

Kimberly Arenas

Compass Greater NY, LLC License #40AR1147578 Listed on: 09/10/2020

Compass Greater NY, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $79,545

Year Built

  • Built in 2011

Lot Details

  • 1.54 Acre Lot
  • Cul-De-Sac
  • Private Lot
  • Sprinkler System

Parking

  • 3 Car Attached Garage

Home Design

  • Colonial Architecture
  • Frame Construction
  • Shingle Siding
  • Stone Siding

Interior Spaces

  • 7,592 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • 1 Fireplace
  • Formal Dining Room
  • Pull Down Stairs to Attic
  • Home Security System
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet

Basement

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

Outdoor Features

  • Patio

Schools

  • Midland Elementary School
  • Rye Middle School
  • Rye High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Hydro-Air Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1400-146-008-00002-000-0021

Home Details

Home Type

Single Family

Est. Annual Taxes

$79,545

Year Built

Built in 2011

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Architectural Style: Colonial
  • Property SubType: Single Family Residence
  • Levels: Two
  • Year Built: 2011
  • Attribution Contact: 914-223-7623
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: 1st Floor Bedrm, Cathedral Ceiling(s), Eat-in Kitchen, Formal Dining Room, Master Bath, Walk-In Closet(s)
  • Living Area Units: Square Feet
  • Fireplaces: 1
  • Attic Description: Pull Stairs
  • Common Walls: No Common Walls
  • Total Bathrooms: 7
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Basement: Full, Walk-Out Access
  • Total Bedrooms: 5
  • Fireplace: Yes
  • Living Area: 7592.00
  • Square Footage: 7592.00

Exterior Features

  • Construction Materials: Frame, Shingle Siding, Stone
  • Exterior Features: Sprinkler Lawn System
  • Patio and Porch Features: Patio

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Garage: Yes
  • Parking Description: Attached, 3 Car Attached, Other

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Natural Gas, Hydro Air
  • Hot Water: Gas Stand Alone
  • Security: Security System
  • Sewer: Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Rye Middle School

Lot Info

  • Lot Size Acres: 1.5400
  • Lot Size Sq Ft: 66943.00
  • Lot Size Units: Acres
  • Lot Features: Cul-De-Sec, Private
  • Parcel Number: 1400-146-008-00002-000-0021
  • Property Attached: No

Rental Info

  • Lease Considered: No

Tax Info

  • Close Date: 2021-04-19
  • Included in Taxes: Sewer, Trash
  • Tax Annual Amount: 79545.00
  • Tax Map Number: 1400-146-008-00002-000-0021

MLS Schools

  • Elementary School: Midland School
  • High School: Rye High School
  • Middle School District: Rye

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2020
Closed on
Apr 19, 2021
Sold by
Miller Robert and Miller Elizabeth
Bought by
Moffett Jeffrey and Moffett Caitlin
Seller's Agent
Kimberly Arenas
Compass Greater NY, LLC
List Price
$4,950,000
Sold Price
$4,325,000
Premium/Discount to List
-$625,000
-12.63%
Current Estimated Value
$6,883,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,558,211
Avg. Annual Appreciation
10.53%

Purchase Details

Listed on
Jan 28, 2013
Closed on
Jul 31, 2013
Sold by
Hhb Rye Holdings Llc
Bought by
Miller Robert and Miller Elizabeth
Seller's Agent
Janet Burnett
Houlihan Lawrence Inc.
Buyer's Agent
Fiona Dogan
Julia B Fee Sothebys Int. Rlty
List Price
$5,300,000
Sold Price
$5,050,000
Premium/Discount to List
-$250,000
-4.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.99%

Purchase Details

Closed on
Dec 1, 2009
Sold by
Duckworth R Demarest and Nester Mary Ann
Bought by
Hhb Rye Holdings Llc
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
Moffett Jeffrey $4,325,000 Catic Title Insurance Co
Miller Robert $5,050,000 Title Pro Agency Llc
Hhb Rye Holdings Llc $1,059,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/19/2021 04/19/21 Sold $4,325,000 -3.8% $570 / Sq Ft
01/20/2021 01/20/21 Pending -- -- --
10/28/2020 10/28/20 Price Changed $4,495,000 -5.4% $592 / Sq Ft
09/29/2020 09/29/20 Price Changed $4,750,000 -4.0% $626 / Sq Ft
09/10/2020 09/10/20 For Sale $4,950,000 -2.0% $652 / Sq Ft
07/31/2013 07/31/13 Sold $5,050,000 -4.7% $665 / Sq Ft View Prior Sale
02/12/2013 02/12/13 Pending -- -- --
01/28/2013 01/28/13 For Sale $5,300,000 -- $698 / 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
2024 $87,023 $71,800 $14,650 $57,150
2023 $81,455 $71,800 $14,650 $57,150
2022 $78,899 $71,800 $14,650 $57,150
2021 $80,528 $71,800 $14,650 $57,150
2020 $79,545 $73,500 $14,650 $58,850
2019 $32,325 $73,500 $14,650 $58,850
2018 $58,823 $73,500 $14,650 $58,850
2017 $44,197 $73,500 $14,650 $58,850
2016 $30,072 $73,500 $14,650 $58,850
2015 -- $73,500 $14,650 $58,850
2014 -- $73,500 $14,650 $58,850
2013 -- $73,500 $14,650 $58,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6065446

OneKey® MLS

APN: 1400-146-008-00002-000-0021