NOT LISTED FOR SALE

5 Philips Ln Rye, NY 10580

Estimated Value: $3,390,468 - $4,964,000

5 Beds
3.5 Baths
4,323 Sq Ft
$1,007/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $3,775,000 $873 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $26,702/month

6 Days on Market

Highlights

  • Water Views
  • Docks
  • 0.47 Acre Lot
  • Rye Middle School Rated A+
  • Water Access
  • Colonial Architecture

About This Home

As of August 2023

HELLO SUMMER :)) Welcome to newly appointed 5 PHILIPS LANE ! You will not leave wanting for more! This fresh colonial located on prestigious MILTON POINT has been updated inside and out from head to toe! Just move right in and unpack your bags! Not only does it offer a HAMPTONS lifestyle, it offers water access to dock. The oversized back deck boasts a wading pool, dining area, and outdoor living room w/ the perfect elevation to enjoy the water and all that nature has to offer. The open space feels like you are on the tip of Long island, not 35 minutes from NYC ~ best of both worlds!! And....on a CUL-DE-SAC!! From the light hardwood floors, new millwork, new doors, new bathrooms, the open floor plan with additional swing space on each living level, including the basement, offers endless living possibilities! Just two block walk to elementary school and located by LI Sound, this is a house that brings life down many notches. Offers private access to deep water mooring with dock.

Last Agent to Sell the Property

Laura DeVita

Julia B Fee Sothebys Int. Rlty License #10401223030 Listed on: 04/13/2023

Julia B Fee Sothebys Int. Rlty

Last Buyer's Agent

Christina Murphy

Julia B Fee Sothebys Int. Rlty License #30MU0809834

Julia B Fee Sothebys Int. Rlty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $39,553

Year Built

  • Built in 1971 | Remodeled in 2023

Lot Details

  • 0.47 Acre Lot
  • Cul-De-Sac
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Driveway

Property Views

  • Water
  • Panoramic

Home Design

  • Colonial Architecture
  • Frame Construction
  • HardiePlank Type
  • Clapboard

Interior Spaces

  • 4,323 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • 2 Fireplaces
  • Entrance Foyer
  • Storage
  • Wood Flooring
  • Finished Basement
  • Walk-Out Basement
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Oven
  • Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Powder Room

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Water Access
  • Docks
  • Deck

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil

Listing and Financial Details

  • Assessor Parcel Number 1400-153-011-00002-000-0022

Community Details

Overview

  • Colonial

Recreation

  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$39,553

Year Built

Built in 1971 | Remodeled in 2023

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Architectural Style: Colonial
  • Property SubType: Single Family Residence
  • Levels: Two
  • Year Built: 1971
  • Year Built Effective: 2023
  • Subdivision Name: Milton Point
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Year Renovated: 2023

Interior Features

  • Appliances: Cooktop, Dishwasher, Dryer, Refrigerator, Oven, Washer
  • Interior Amenities: Cathedral Ceiling(s), Eat-in Kitchen, Entrance Foyer, Master Bath, Open kitchen, Pantry, Powder Room, Storage, Walk-In Closet(s)
  • Living Area Units: Square Feet
  • Fireplaces: 2
  • Flooring: Hardwood
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Finished, Walk-Out Access
  • Inclusions: Alarm System,B/I Shelves,Cook Top,Dishwasher,Dryer,Refrigerator,Wall Oven,Washer
  • Total Bedrooms: 5
  • Fireplace: Yes
  • Living Area: 4323
  • AtticDescription: Unfinished
  • SquareFootage: 4323.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Frame, Clapboard, HardiPlank Type
  • Waterfront Features: Water Access
  • View: Panoramic, Water
  • Exterior Features: Dock
  • Patio and Porch Features: Deck
  • View YN: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Garage: Yes
  • Parking Description: Attached, 2 Car Attached, Driveway

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Oil, Forced Air
  • Security: Security System
  • Sewer: Public Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: Indirect Tank
  • NumberOfHeatingZones: 4

Condo/Co-op/Association

  • HOA Fee Includes: Other
  • Senior Community: No
  • DevelopmentName: Milton Point
  • AdditionalFeeDescription: see remarks
  • AdditionalFeeFrequency: Yearly

Association/Amenities

  • Community Features: Park

Fee Information

  • AdditionalFeesYN: 1

Schools

  • Middle School: Rye Middle School

Lot Info

  • Lot Size Acres: 0.47
  • Lot Size Area: 0.47
  • Lot Size Sq Ft: 20508
  • Lot Size Units: Acres
  • Lot Features: Level, Cul-De-Sec
  • Parcel Number: 1400-153-011-00002-000-0022
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No

Tax Info

  • Tax Annual Amount: 39553
  • Tax Map Number: 1400-153-011-00002-000-0022
  • 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 13, 2023
Closed on
Aug 31, 2023
Sold by
Koutsoubis Constantine and Bournazos Karen
Bought by
Berkowitz Lee and Berkowitz Katelin
Seller's Agent
Laura DeVita
Julia B Fee Sothebys Int. Rlty
Buyer's Agent
Christina Murphy
Julia B Fee Sothebys Int. Rlty
List Price
$3,495,000
Sold Price
$3,775,000
Premium/Discount to List
$280,000
8.01%
Views
4
Current Estimated Value
$4,353,867

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$578,867
Avg. Annual Appreciation
6.83%

Purchase Details

Closed on
May 30, 2012
Sold by
Pankoff Scott and Pankoff Lisa
Bought by
Pankoff Lisa

Purchase Details

Closed on
Aug 11, 2005
Sold by
Palacios Maria L and Palacios Rosendo P
Bought by
Pankoff Scott and Pankoff Lisa

Purchase Details

Closed on
Jun 2, 1999
Sold by
Mirtz P John and Mirtz Ellen D
Bought by
Palacios Rosendo P and Palacios Maria L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
7.85%
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
Berkowitz Lee $3,775,000 Future Title
Pankoff Lisa -- The Judicial Title Insurance
Pankoff Scott $2,750,000 --
Palacios Rosendo P $1,250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Palacios Rosendo P $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/31/2023 08/31/23 Sold $3,775,000 +8.0% $873 / Sq Ft
04/20/2023 04/20/23 Pending -- -- --
04/13/2023 04/13/23 For Sale $3,495,000 +39.8% $808 / Sq Ft
08/06/2021 08/06/21 Sold $2,500,000 -7.2% $765 / Sq Ft View Prior Sale
07/06/2021 07/06/21 Pending -- -- --
06/08/2021 06/08/21 Price Changed $2,695,000 -3.6% $825 / Sq Ft
05/13/2021 05/13/21 For Sale $2,795,000 +10.0% $856 / Sq Ft
07/26/2018 07/26/18 Sold $2,540,000 -9.1% $777 / Sq Ft View Prior Sale
02/05/2018 02/05/18 Pending -- -- --
02/05/2018 02/05/18 For Sale $2,795,000 -- $856 / 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 $46,417 $40,750 $14,450 $26,300
2023 $41,692 $36,750 $14,450 $22,300
2022 $44,505 $36,750 $14,450 $22,300
2021 $44,372 $40,500 $14,450 $26,050
2020 $43,831 $40,500 $14,450 $26,050
2019 $17,812 $40,500 $14,450 $26,050
2018 $31,503 $40,500 $14,450 $26,050
2017 $10,376 $40,500 $14,450 $26,050
2016 $16,570 $40,500 $14,450 $26,050
2015 -- $40,500 $14,450 $26,050
2014 -- $40,500 $14,450 $26,050
2013 -- $40,500 $14,450 $26,050
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6241449

OneKey® MLS

APN: 1400-153-011-00002-000-0022