NOT LISTED FOR SALE

5 Magnolia Place Rye, NY 10580

Estimated Value: $5,971,870 - $6,937,000

6 Beds
7 Baths
7,133 Sq Ft
$894/Sq Ft Est. Value

Last Sold December 01, 2023

Last sale price $5,600,000 $785 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $39,596/month

150 Days on Market

Highlights

  • In Ground Pool
  • Eat-In Gourmet Kitchen
  • 1 Acre Lot
  • Rye Middle School Rated A+
  • Heated Floors
  • Midcentury Modern Architecture

About This Home

As of December 2023

Frank Lloyd Wright inspired, fully renovated in 2016, this 6 bedroom, 7 bath mid-century gem encompasses over 7,000 square feet. Situated on a beautifully landscaped, 1-acre lot at the end of a cul-de-sac in desired Milton Point. Entering, you are greeted by a grand foyer with a 2-story ceiling and original floating circular mahogany staircase. Continue to the grand room with soaring ceilings, custom mahogany bookshelves, dramatic fireplace, and full wall of windows to the back deck, gardens, and pool. Next, the bright and modern dining room and chef's kitchen, equipped with 3 prep areas, top-of-the-line appliances, quartz countertops and gray onyx waterfall and backsplash. 1st floor also boasts an oversized family room opening to the eat-in kitchen, a library, and two en-suite bedrooms. Upstairs are 3 additional en-suite bedrooms and a home office. Lastly, escape to the primary suite up its own private staircase. Note: The sqft does not include the over 4,000sqft unfinished basement.

Last Agent to Sell the Property

Julia Bieber

Compass Greater NY, LLC Brokerage Phone: (917) 734-2941 License #10401235205 Listed on: 04/21/2023

Compass Greater NY, LLC

Last Buyer's Agent

Susan Hogan

Julia B Fee Sothebys Int. Rlty License #40HO1011189

Julia B Fee Sothebys Int. Rlty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $66,941

Year Built

  • Built in 1969 | Remodeled in 2016

Lot Details

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

Parking

  • 3 Car Attached Garage

Home Design

  • Midcentury Modern Architecture
  • Frame Construction
  • Wood Siding

Interior Spaces

  • 7,133 Sq Ft Home
  • 2-Story Property
  • Skylights
  • 4 Fireplaces
  • New Windows
  • Entrance Foyer
  • Formal Dining Room
  • Home Office
  • Storage
  • Heated Floors
  • Home Security System
  • Eat-In Gourmet Kitchen

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Dressing Area
  • 7 Full Bathrooms
  • Double Vanity
  • Soaking Tub

Unfinished Basement

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

Outdoor Features

  • In Ground Pool
  • Deck

Schools

  • Milton Elementary School
  • Rye Middle School
  • Rye High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Geothermal Heating and Cooling
  • Heating System Uses Natural Gas
  • Radiant Heating System

Listing and Financial Details

  • Assessor Parcel Number 1400-153-014-00001-000-0035

Home Details

Home Type

Single Family

Est. Annual Taxes

$66,941

Year Built

Built in 1969 | Remodeled in 2016

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Architectural Style: Mid-Century Modern
  • Property SubType: Single Family Residence
  • Levels: Two
  • Year Built: 1969
  • Year Built Effective: 2016
  • Attribution Contact: (917) 734-2941
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2016

Interior Features

  • Interior Amenities: First Floor Bedroom, Chefs Kitchen, Den/Family Room, Dressing Room, Double Vanity, Eat-in Kitchen, Formal Dining, Entrance Foyer, Heated Floors, Home Office, Marble Bath, Master Bath, Open kitchen, Soaking Tub, Storage, Walk-In Closet(s)
  • Living Area Units: Square Feet
  • Fireplaces: 4
  • Common Walls: No Common Walls
  • Full Bathrooms: 7
  • Basement: Full, Unfinished, Walk-Out Access
  • Total Bedrooms: 6
  • Fireplace: Yes
  • Living Area: 7133
  • Window Features: New Windows, Skylight(s), Wall of Windows
  • AtticDescription: Partial
  • SquareFootage: 7133.00
  • SquareFootageSource: Other

Exterior Features

  • Construction Materials: Frame, Wood Siding
  • Pool Features: In Ground
  • Pool Private: Yes
  • Exterior Features: Sprinkler System
  • Patio and Porch Features: Deck

Garage/Parking

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

Utilities

  • Cooling: Geothermal
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air, Geothermal, Radiant
  • Security: Security System
  • Sewer: Public Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: On Demand
  • NumberOfHeatingZones: 5

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Rye Middle School

Lot Info

  • Lot Size Acres: 1
  • Lot Size Area: 1
  • Lot Size Sq Ft: 43560
  • Lot Size Units: Acres
  • Lot Features: Cul-De-Sec, Private
  • Parcel Number: 1400-153-014-00001-000-0035
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No

Tax Info

  • Tax Annual Amount: 66941
  • Tax Map Number: 1400-153-014-00001-000-0035
  • IncludedInTaxes: Sewer,Trash

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2023
Closed on
Dec 1, 2023
Sold by
Gilman Sean and Gilman Leeann
Bought by
Price Jennifer Cook
Seller's Agent
Julia Bieber
Compass Greater NY, LLC
Buyer's Agent
Susan Hogan
Julia B Fee Sothebys Int. Rlty
List Price
$5,775,000
Sold Price
$5,600,000
Premium/Discount to List
-$175,000
-3.03%
Views
296
Current Estimated Value
$6,378,718

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$778,718
Avg. Annual Appreciation
6.75%

Purchase Details

Closed on
Aug 21, 2002
Sold by
Jamison Cristine W
Bought by
Jamison Herbert L and Jamison Cristine W
Source: Public Records

Range of Values:

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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
Price Jennifer Cook $5,600,000 Judicial Title
Jamison Herbert L -- American Title Ins Co
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2023 12/01/23 Sold $5,600,000 -3.0% $785 / Sq Ft
09/30/2023 09/30/23 Pending -- -- --
09/07/2023 09/07/23 Price Changed $5,775,000 0.0% $810 / Sq Ft
09/07/2023 09/07/23 For Sale $5,775,000 +3.1% $810 / Sq Ft
07/26/2023 07/26/23 Off Market $5,600,000 -- --
05/02/2023 05/02/23 For Sale $5,995,000 +93.4% $840 / Sq Ft
04/22/2013 04/22/13 Sold $3,100,000 -17.3% $443 / Sq Ft
03/27/2013 03/27/13 Pending -- -- --
01/11/2012 01/11/12 For Sale $3,750,000 -- $536 / 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 $56,049 $60,500 $15,750 $44,750
2023 $68,635 $60,500 $15,750 $44,750
2022 $13,397 $60,500 $15,750 $44,750
2021 $24,753 $60,500 $15,750 $44,750
2020 $65,476 $60,500 $15,750 $44,750
2019 $26,608 $60,500 $15,750 $44,750
2018 $48,419 $60,500 $15,750 $44,750
2017 $15,501 $60,500 $15,750 $44,750
2016 $24,753 $60,500 $15,750 $44,750
2015 -- $60,500 $15,750 $44,750
2014 -- $62,800 $15,750 $47,050
2013 -- $62,800 $15,750 $47,050
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6243451

OneKey® MLS

APN: 1400-153-014-00001-000-0035