NOT LISTED FOR SALE

50 Franklin Ave Rye, NY 10580

Estimated Value: $3,972,000 - $4,450,000

3 Beds
2.5 Baths
2,219 Sq Ft
$1,898/Sq Ft Est. Value

Last Sold May 23, 2024

Last sale price $1,562,500 $704 Per Sq Ft

Est. 170% increase in value since last sale

Current estimated payment $23,770/month

7 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • Cul-De-Sac
  • Rye Middle School Rated A+
  • 1 Fireplace
  • 2 Car Attached Garage

About This Home

As of May 2024

Welcome to 50 Franklin Avenue! This is the home you have been waiting for, featuring 3/4 bedrooms and 2.5 baths with over 2200 sq ft. sited on .23 acre with a two car garage in beloved Rye Gardens. The location can't be beat! Walking distance to Rye High/Middle School, Osborn elementary, and the Harrison train station. Also near the Playland Parkway path, a great route to walk, bike or run straight to the beach! Renovation possibilities and/or development opportunities make this an ideal fit for end users and investors alike. HIGHEST AND BEST BIDS DUE 1/29 at 5pm. Please provide PP all terms, day time of inspection, attorney that you will be using, Highest & best bids due by Monday 1/29/24 by 5 pm. Include all attorney info,. AO 1/29

Last Agent to Sell the Property

Sandra Chittenden

Julia B Fee Sothebys Int. Rlty Brokerage Phone: (914) 967-4600 License #30CH0950674 Listed on: 01/25/2024

Julia B Fee Sothebys Int. Rlty

Last Buyer's Agent

Kory Borenkoff

R2M Realty Inc License #10401322195

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,870

Year Built

  • Built in 1958

Lot Details

  • 10,019 Sq Ft Lot
  • Cul-De-Sac

Parking

  • 2 Car Attached Garage

Home Design

  • Split Level Home
  • Block Exterior

Interior Spaces

  • 2,219 Sq Ft Home
  • 1 Fireplace
  • Wood Flooring
  • Eat-In Kitchen
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Powder Room

Location

  • Property is near public transit

Schools

  • Osborn Elementary School
  • Rye Middle School
  • Rye High School

Utilities

  • Central Air
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Community Details

  • Park

Listing and Financial Details

  • Assessor Parcel Number 1400-146-018-00002-000-0004

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,870

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Architectural Style: Split Level
  • Property SubType: Single Family Residence
  • Year Built: 1958
  • Attribution Contact: (914) 967-4600
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Eat-in Kitchen, Powder Room
  • Living Area Units: Square Feet
  • Fireplaces: 1
  • Flooring: Hardwood
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Unfinished
  • Total Bedrooms: 3
  • Fireplace: Yes
  • Living Area: 2219
  • AtticDescription: Partial
  • SquareFootage: 2219.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Block

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Natural Gas, Hot Water
  • Sewer: Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: Gas Stand Alone
  • NumberOfHeatingZones: 1

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Rye Middle School

Lot Info

  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 10019
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit, Cul-De-Sec
  • Parcel Number: 1400-146-018-00002-000-0004
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No

Tax Info

  • Tax Annual Amount: 18870
  • Tax Map Number: 1400-146-018-00002-000-0004
  • IncludedInTaxes: Trash

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2024
Closed on
May 23, 2024
Sold by
Wenzel Carolyn D
Bought by
50 Franklin Llc
Seller's Agent
Sandra Chittenden
Julia B Fee Sothebys Int. Rlty
Buyer's Agent
Kory Borenkoff
R2M Realty Inc
List Price
$1,395,000
Sold Price
$1,562,500
Premium/Discount to List
$167,500
12.01%
Views
50
Current Estimated Value
$4,211,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,648,500
Avg. Annual Appreciation
87.29%
Original Mortgage
$2,612,629
Outstanding Balance
$2,577,970
Interest Rate
7.17%
Mortgage Type
Construction
Estimated Equity
$1,633,030
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
50 Franklin Llc $1,562,500 Core Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 50 Franklin Llc $2,612,629
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/23/2024 05/23/24 Sold $1,562,500 +12.0% $704 / Sq Ft
02/02/2024 02/02/24 Pending -- -- --
01/25/2024 01/25/24 For Sale $1,395,000 -- $629 / 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 $20,483 $16,900 $5,550 $11,350
2023 $19,173 $16,900 $5,550 $11,350
2022 $18,571 $16,900 $5,550 $11,350
2021 $18,516 $16,900 $5,550 $11,350
2020 $17,494 $16,900 $5,550 $11,350
2019 $7,433 $16,900 $5,550 $11,350
2018 $12,616 $16,900 $5,550 $11,350
2017 $4,458 $17,400 $5,550 $11,850
2016 $7,119 $17,400 $5,550 $11,850
2015 -- $17,400 $5,550 $11,850
2014 -- $19,200 $5,550 $13,650
2013 -- $19,200 $5,550 $13,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6285319

OneKey® MLS

APN: 1400-146-018-00002-000-0004