NOT LISTED FOR SALE

518 E Penn St Unit Ground Long Beach, NY 11561

Estimated Value: $1,134,000 - $1,243,449

3 Beds
2 Baths
-- Sq Ft
4,500 Sq Ft Lot

Highlights

  • Wood Flooring
  • Cooling System Mounted In Outer Wall Opening
  • 1-Story Property
  • Lido Elementary School Rated A
  • Entrance Foyer
  • Baseboard Heating

About This Home

As of March 2024

Newly Renovated (March 2022) legal 2 family ground level apartment with private entrance with key less entry. The apartment has 3 bedrooms and 2 baths, washer/dryer and dishwasher included, Stainless Steel appliances. A/C Wall units, water included. Private outdoor area with patio and shed for bicycles and beach equipment. Dedicated driveway and parking for 3 cars. Steps away from the beach, boardwalk, and close to restaurants, shopping, public transportation and LIRR.

Last Agent to Rent the Property

Karen Fox

RE/MAX Beach West Brokerage Phone: 516-889-7500 License #10401268326 Listed on: 02/23/2024

RE/MAX Beach West

Last Renter's Agent

Karen Fox

RE/MAX Beach West Brokerage Phone: 516-889-7500 License #10401268326 Listed on: 02/23/2024

RE/MAX Beach West

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,266

Year Built

  • Built in 1999 | Remodeled in 2022

Lot Details

  • 4,500 Sq Ft Lot
  • Lot Dimensions are 45x100
  • Two or More Common Walls
  • Private Entrance

Home Design

  • Apartment
  • Entry on the 1st floor
  • Brick Exterior Construction
  • Aluminum Siding

Interior Spaces

  • 1-Story Property
  • Entrance Foyer
  • Wood Flooring

Kitchen

  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • Private Parking
  • Open Parking

Schools

  • Long Beach Middle School
  • Long Beach High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Rent includes water
  • Assessor Parcel Number 1000-59-174-00-0175-0

Community Details

Overview

  • Association fees include water

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,266

Year Built

Built in 1999 | Remodeled in 2022

Lot Details

0

Rental Info

  • Pets Allowed: No
  • Rent Includes: Water
  • Available Date: 2024-05-01
  • LegalRentalYN: 1
  • SecurityDeposit: 4200
  • RentType1: 1 Year
  • SmokingYN: 0
  • WholeHouseRentalYN: 0

Listing Details

  • Property Type: Residential Lease
  • Architectural Style: Apt In House
  • Property SubType: Apartment
  • Levels: One
  • Year Built: 1999
  • New Construction: No
  • Year Built Effective: 2022
  • Attribution Contact: 516-889-7500
  • ONE_LeaseTerms: 12 Months
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2022

Interior Features

  • Appliances: Dishwasher, Dryer, Freezer, Microwave, Refrigerator, Washer
  • Interior Amenities: Master Downstairs, First Floor Bedroom, Entrance Foyer, Master Bath
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 2
  • Basement: None
  • Inclusions: Dishwasher,Dryer,Freezer,Microwave,Refrigerator,Shades/Blinds,Washer
  • Entry Level: 1
  • Total Bedrooms: 3

Exterior Features

  • Construction Materials: Brick, Aluminum Siding
  • Exterior Features: Private Entrance
  • FloodZoneReportYN: 0

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Open Parking: Yes
  • Parking Description: Private

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Baseboard
  • Laundry Features: In Unit
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Electric

Condo/Co-op/Association

  • HOA Fee Includes: Water
  • Senior Community: No

Schools

  • Middle School: Long Beach Middle School

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Dimensions: 45x100
  • Lot Size Sq Ft: 4500
  • Lot Size Units: Acres
  • Parcel Number: 1000-59-174-00-0175-0
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

MLS Schools

  • High School: Long Beach High School
  • Middle School District: Long Beach

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2022
Sold by
Larco Development Inc
Bought by
Lovisa Michael and Lovisa Alyssa
Current Estimated Value
$1,188,725

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$841,500
Outstanding Balance
$785,966
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$402,759

Purchase Details

Closed on
Aug 2, 2012
Sold by
Riverside Beach Llc
Bought by
Larco Development Inc

Purchase Details

Closed on
Jun 16, 2009
Sold by
Larco Development Inc
Bought by
Riverside Bach Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Lovisa Michael $990,000 Judicial Title
Larco Development Inc -- --
Riverside Bach Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lovisa Michael $841,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2024 03/23/24 Rented $4,200 0.0% --
02/23/2024 02/23/24 For Rent $4,200 -- --
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 $10,266 $713 $220 $493
2024 $1,365 $741 $228 $513
2023 $12,619 $856 $291 $565
2022 $12,619 $808 $249 $559
2021 $24,384 $906 $279 $627
2020 $15,581 $1,660 $846 $814
2019 $2,297 $1,660 $846 $814
2018 $2,134 $1,660 $0 $0
2017 $11,046 $1,660 $846 $814
2016 $2,049 $1,660 $846 $814
2015 $2,037 $1,660 $846 $814
2014 $2,037 $1,660 $846 $814
2013 $1,948 $1,660 $846 $814
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3533532

OneKey® MLS

APN: 1000-59-174-00-0175-0