NOT LISTED FOR SALE

Estimated Value: $1,016,552 - $1,237,000

3 Beds
3 Baths
2,294 Sq Ft
$485/Sq Ft Est. Value

Last Sold March 28, 2024

Last sale price $1,145,000 $499 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $6,499/month

Highlights

  • Pre War Building
  • Central Air
  • Courtyard
  • Terrace
  • Laundry Facilities
  • Heating Available

About This Home

As of March 2024

Words fall short when describing this spectacular front-line New York City BEACH HOUSE at 478 King Avenue. Its 4 cascading decks on 3 levels capture every sunrise, sunset, and the forever tranquil sounds of sails and water...

City Island; “known” as the best kept secret by a fortunate few – with its genius proximity to Manhattan. An Island once part of Westchester now enjoying Bronx’ incredibly low taxes (only $7,333 / year). Surrounded by water and beaches, City Island also offers yacht clubs, seafood restaurants, local schools, shops, golf courses, horseback riding and over 5-10 mile runs of biking & running tails in the unique natural setting of New York City’s largest park: Pelham Bay Park with 2,772 acres. And yet despite the easy commute to Manhattan by car or MTA in under 30 minutes, you’ll find fantastic reasons never to leave!

With approximately 1400 residential properties on City Island, under 40 properties are waterfront homes. The immaculate 478 King Avenue is one of City Island’s finest and enjoying the best position on the Island’s largest private beach. This spacious home sits on a 25 x 173 ft waterfront lot - all custom built - no expenses spared. Adorned with 11” wide tropical hardwood floor planks and exquisitely matching doors, custom California closets on all three floors and Andersen windows & deck doors throughout. The chef’s kitchen is equipped with a convection Viking stove, KitchenAid fridge, freezer, dishwasher and a large separate walk-in pantry. HVAC split systems, upgraded electric and built-in speakers throughout. Slate stone foyer, stone-faced gas fireplace, and two whirlpool soaking tubs complete the comforts of this masterful home. The master bedroom suite occupies the entire third floor with mesmerizing water views, his and hers custom-built walk-in closets, a fantastic master-spa bathroom, and two large decks. The living area, kitchen and dining all have full water & beach views; each enjoying a walk-out deck or terrace. An additional 2 / convertible 3 bedrooms, a separate laundry room, and 2 additional full bathrooms.

This home is also privately set back from the street by an enchanting European courtyard, with private parking fitting 2 cars.

The enclosed photos speak for themselves, but make sure you also watch the enclosed video -- with sound -- so you can hear those waves...

For any questions and to schedule a private viewing, please contact the listing broker directly by phone or email. Listing broker’s contact information is disclosed above this description.

Last Agent to Sell the Property

Sandra Salander

R New York License #10401234338 Listed on: 04/19/2023

R New York

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,684

Year Built

  • Built in 1925

Lot Details

  • 4,325 Sq Ft Lot
  • Lot Dimensions are 25.00 x 173.00

Home Design

  • Pre War Building

Interior Spaces

  • 2,294 Sq Ft Home
  • 3-Story Property
  • Gas Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Terrace

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Legal Lot and Block 114 / 5646

Community Details

Overview

  • City Island Subdivision

Amenities

  • Courtyard
  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,684

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Cross Street: Bowne Street/Beach Street
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: City Island
  • Architectural Style: Prewar, Walk-Up
  • Structure Type: House
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 2294.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 3

Exterior Features

  • Exterior Features: Building Courtyard
  • Patio/Porch Features: Terrace

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Common Area
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Fireplace(s)
  • Heating: Yes

Condo/Co-op/Association

  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 4325.0
  • Lot Size Dimensions: 25.00 x 173.00

Building Info

  • New Construction: No
  • Total Stories: 3
  • Year Built: 1925

Tax Info

  • Tax Block: 5646
  • Tax Lot: 114
  • Tax Annual: 7684.0

Multi Family

  • Building Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2023
Closed on
Mar 28, 2024
Sold by
Stanton Jane Fitzgerald and Stanton William
Bought by
Arikawa Mayuko and Huebert John Christian
Seller's Agent
Sandra Salander
R New York
List Price
$1,327,000
Sold Price
$1,145,000
Premium/Discount to List
-$182,000
-13.72%
Views
22
Current Estimated Value
$1,112,240

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$32,760
Avg. Annual Appreciation
-1.61%
Original Mortgage
$916,000
Outstanding Balance
$900,291
Interest Rate
6.77%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$212,347

Purchase Details

Closed on
Feb 5, 2004
Sold by
Gail Withers As Executrix and Gail Karen Benner
Bought by
Jane Fitzgerald Stanton and Jane Stanton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
5.67%
Mortgage Type
Purchase Money Mortgage
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
Arikawa Mayuko $1,145,000 --
Arikawa Mayuko $1,145,000 --
Jane Fitzgerald Stanton $700,000 --
Jane Fitzgerald Stanton $700,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arikawa Mayuko $916,000
Closed Arikawa Mayuko $916,000
Previous Owner Jane Fitzgerald Stanton $560,000
Closed Jane Fitzgerald Stanton $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2024 03/29/24 For Sale $1,327,000 +15.9% $578 / Sq Ft
03/28/2024 03/28/24 Sold $1,145,000 -- $499 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $8,265 $41,213 $10,199 $31,014
2024 $8,265 $41,150 $10,116 $31,034
2023 $7,884 $38,822 $8,210 $30,612
2022 $7,312 $52,680 $13,260 $39,420
2021 $7,470 $42,780 $13,260 $29,520
2020 $7,270 $47,280 $13,260 $34,020
2019 $7,174 $48,720 $13,260 $35,460
2018 $6,297 $32,352 $9,546 $22,806
2017 $5,922 $30,522 $10,932 $19,590
2016 $5,603 $29,580 $13,260 $16,320
2015 $3,253 $28,620 $14,760 $13,860
2014 $3,253 $28,577 $12,758 $15,819
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10945452

Real Estate Board of New York (REBNY)

APN: 05646-0114