NOT LISTED FOR SALE

5 Cherry Ln Great Neck, NY 11024

Estimated Value: $3,645,000 - $3,830,075

8 Beds
5.5 Baths
5,658 Sq Ft
$661/Sq Ft Est. Value

Last Sold December 12, 2018

Last sale price $2,150,000 $380 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $21,949/month

81 Days on Market

Highlights

  • In Ground Pool
  • Contemporary Architecture
  • Main Floor Primary Bedroom
  • John F Kennedy School Rated A+
  • Wood Flooring
  • 2 Fireplaces

About This Home

As of December 2018

"Malibu" Tuscan Flair Home In The Heart Of Kings Point. Totally Renovated/Re-Built 2000. Elegant Simple Perfection In A Resort Spa Setting. Spacious, Sunlit Interiors. Wonderful Hardwood Floors, Walls Of Glass,. Fabulous 2nd Floor Vaulted Loft/Den. Private Grounds, Generator, Heated Gunite Pool. Taxes Have Been Reduced For Next Year By $9,446.44. See Attachment., Additional information: Appearance:Diamond,Separate Hotwater Heater:Y

Last Agent to Sell the Property

Edna Mashaal

Edna Mashaal Realty LLC License #49MA0955405 Listed on: 08/09/2018

Last Buyer's Agent

Edna Mashaal

Edna Mashaal Realty LLC License #49MA0955405 Listed on: 08/09/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $54,372

Year Built

  • Built in 1951

Lot Details

  • 0.94 Acre Lot
  • Lot Dimensions are 183x443
  • Front and Back Yard Sprinklers

Parking

  • Attached Garage

Home Design

  • Contemporary Architecture
  • Stucco

Interior Spaces

  • 2 Fireplaces
  • Formal Dining Room
  • Wood Flooring
  • Unfinished Basement

Kitchen

  • Eat-In Kitchen
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 19 / 149
  • Assessor Parcel Number 2217-01-149-00-0019-0

Home Details

Home Type

Single Family

Est. Annual Taxes

$54,372

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architectural Style: Contemporary
  • Property SubType: Single Family Residence
  • Year Built: 1951
  • CurrentPrice: 2150000.00
  • MlsMajorChangeType: Sold
  • ListPrice_By_OriginalListPrice: 1.00000
  • CurrentPrice_By_BuildingAreaTotal: 379.99293
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Interior Amenities: Eat-in Kitchen, Formal Dining, Master Downstairs
  • Fireplaces: 2
  • Flooring: Hardwood
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Basement: None, Unfinished
  • Total Bedrooms: 8
  • Basement YN: No

Exterior Features

  • Construction Materials: Stucco
  • Pool Features: In Ground
  • Pool Private: Yes
  • Spa: No
  • Patio and Porch Features: Patio

Garage/Parking

  • Parking Description: Attached, Private

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Lot Info

  • Lot Dimensions: 183X443
  • Lot Size Sq Ft: 40959
  • Lot Features: Sprinklers In Front, Sprinklers In Rear
  • Parcel Number: 2217-01-149-00-0019-0
  • Property Attached: No

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 1

Tax Info

  • Tax Annual Amount: 54372
  • Tax Block: 149
  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2018
Closed on
Dec 11, 2018
Sold by
Feldman Great Neck Qualified Personal Re
Bought by
Sarfati Ann and Sarfati Guillaume
Seller's Agent
Edna Mashaal
Edna Mashaal Realty LLC
Buyer's Agent
Edna Mashaal
Edna Mashaal Realty LLC
List Price
$2,588,000
Sold Price
$2,150,000
Premium/Discount to List
-$438,000
-16.92%
Current Estimated Value
$3,737,538

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,587,538
Avg. Annual Appreciation
8.17%
Original Mortgage
$1,709,000
Outstanding Balance
$1,505,761
Interest Rate
4.9%
Mortgage Type
New Conventional
Estimated Equity
$2,231,777

Purchase Details

Closed on
Feb 14, 2012
Sold by
Feldman Mitchell
Bought by
Feldman Mitchell and Schwartz-Feldman Janet
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
Sarfati Ann $2,150,000 Old Republic National Title
Sarfati Ann $2,150,000 Old Republic National Title
Sarfati Ann $2,150,000 Old Republic National Title
Feldman Mitchell -- --
Schwartz-Feldman Janet -- --
Feldman Mitchell -- --
Feldman Mitchell -- --
Schwartz-Feldman Janet -- --
Feldman Mitchell -- --
Feldman Mitchell -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sarfati Ann $1,709,000
Closed Sarfati Ann $1,709,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/09/2024 12/09/24 Off Market $2,150,000 -- --
12/12/2018 12/12/18 Sold $2,150,000 -16.9% $380 / Sq Ft
10/29/2018 10/29/18 Pending -- -- --
08/09/2018 08/09/18 For Sale $2,588,000 -- $457 / 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 $29,100 $1,800 $985 $815
2024 $4,889 $1,920 $1,051 $869
2023 $28,008 $2,070 $1,133 $937
2022 $28,008 $2,132 $1,167 $965
2021 $27,671 $2,200 $1,001 $1,199
2020 $28,026 $3,710 $2,906 $804
2019 $40,902 $4,842 $3,093 $1,749
2018 $40,902 $4,835 $0 $0
2017 $37,513 $5,931 $3,793 $2,138
2016 $47,850 $5,931 $3,793 $2,138
2015 $10,190 $5,931 $3,793 $2,138
2014 $10,190 $5,931 $3,793 $2,138
2013 $9,725 $5,931 $3,793 $2,138
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: L3055859

OneKey® MLS

APN: 2217-01-149-00-0019-0