NOT LISTED FOR SALE

522 E Park Ave Long Beach, NY 11561

Estimated Value: $912,014 - $1,027,000

5 Beds
2.5 Baths
2,649 Sq Ft
$366/Sq Ft Est. Value

Last Sold January 31, 2022

Last sale price $740,000 $279 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $5,868/month

21 Days on Market

Highlights

  • Main Floor Bedroom
  • 3 Car Attached Garage
  • Hot Water Heating System
  • Lido Elementary School Rated A
  • Cooling System Mounted In Outer Wall Opening

About This Home

As of January 2022

Great Investment 2 Family Home on beach side (South) of Park Ave. Rent Roll Approx total $5500 per month. Upper- 3 Bedrooms, 1.5 baths, Big kitchen with dining area, Living Room, Large outside upper deck off back bedrooms. Lower- 2 Bedrooms, 1 Full Bath, Living Room, front porch. Large Garage and private driveway. Nice backyard. 2 Electric meters, 1 gas meter and gas burner. Shared laundry area as well as potential separate laundry room upstairs. Fully vacant!

Last Agent to Sell the Property

Bryan Murphy

Coldwell Banker American Homes License #10301205438 Listed on: 11/08/2021

Coldwell Banker American Homes

Last Buyer's Agent

Michele Mosca

Coldwell Banker American Homes License #10401275232

Coldwell Banker American Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,616

Year Built

  • Built in 1951

Lot Details

  • 4,000 Sq Ft Lot
  • Lot Dimensions are 40x100
  • No Common Walls

Parking

  • 3 Car Attached Garage

Home Design

  • Frame Construction

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom

Schools

  • Long Beach Middle School
  • Long Beach High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 10 / 170

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,616

Year Built

Built in 1951

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Architectural Style: 2 Story
  • Property SubType: Multi Family
  • Property Condition: Mint
  • Levels: Two
  • Year Built: 1951
  • New Construction: No
  • Attribution Contact: 516-665-2000
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: 1st Floor Bedrm
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: None
  • Total Bedrooms: 5
  • Kitchens: 2

Exterior Features

  • Construction Materials: Frame
  • Flood Zone Report: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Garage: Yes
  • Parking Description: Private, Attached, 3 Car Attached

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Hot Water
  • Hot Water: Gas Stand Alone
  • Separate Hotwater Heater Detail: Y
  • Sewer: Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Lot Size Acres: 0.0900
  • Lot Size Area: 0.0900
  • Lot Dimensions: 40x100
  • Lot Size Sq Ft: 4000.00
  • Lot Size Units: Acres
  • Property Attached: No

Rental Info

  • Lease Considered: No

Tax Info

  • Close Date: 2022-01-31
  • Included in Taxes: Sewer, Trash, Water
  • Tax Annual Amount: 16616.00
  • Tax Block: 170
  • Tax Lot: 10
  • Tax Other Annual Assessment Amount: 5874.00

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 1

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2021
Closed on
Jan 28, 2022
Sold by
Donato Trust
Bought by
Gelfand Llc
Seller's Agent
Bryan Murphy
Coldwell Banker American Homes
Buyer's Agent
Michele Mosca
Coldwell Banker American Homes
List Price
$775,000
Sold Price
$740,000
Premium/Discount to List
-$35,000
-4.52%
Current Estimated Value
$969,507

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$229,507
Avg. Annual Appreciation
7.62%

Purchase Details

Closed on
Jan 15, 2016
Sold by
Donato Cosmo D and Donato Patricia M
Bought by
Donato Revocable Trust
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
Gelfand Llc $740,000 Old Republic National Title
Donato Revocable Trust -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2022 01/31/22 Sold $740,000 -4.5% $279 / Sq Ft
11/29/2021 11/29/21 Pending -- -- --
11/08/2021 11/08/21 For Sale $775,000 -- $293 / 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 $8,495 $590 $229 $361
2024 $1,253 $674 $262 $412
2023 $9,942 $674 $262 $412
2022 $9,942 $674 $262 $412
2021 $18,493 $646 $251 $395
2020 $9,845 $1,139 $743 $396
2019 $1,576 $1,139 $743 $396
2018 $1,464 $1,139 $0 $0
2017 $6,742 $1,139 $743 $396
2016 $1,406 $1,139 $743 $396
2015 $1,398 $1,139 $743 $396
2014 $1,398 $1,139 $743 $396
2013 $1,336 $1,139 $743 $396
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3358148

OneKey® MLS

APN: 1000-59-170-00-0010-0