NOT LISTED FOR SALE

55 Wheatley Rd Glen Head, NY 11545

Estimated Value: $4,656,816

6 Beds
7 Baths
6,258 Sq Ft
$744/Sq Ft Est. Value

Last Sold July 21, 2023

Last sale price $4,100,000 $655 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $26,925/month

65 Days on Market

Highlights

  • Stables
  • In Ground Pool
  • 15.26 Acre Lot
  • Locust Valley High School Rated A
  • Cottage Room
  • Colonial Architecture

About This Home

As of July 2023

This house was featured in Country Life May 1939 as the home of John Noble Stearns. At the Entrance to this Estate is a Classic two Bedroom Cottage, three car Garage and Stables. A long tree-lined driveway leads to the six bedroom Colonial built in 1933 by Architect James O'Connor with Innocenti and Webel landscaping. Incredible 15.2 flat acres with pool and tennis court are all situated in 2 acre Zoning with road frontage on Wheatley Road. Buyer could consider a possible subdivision and discuss with village.

Last Agent to Sell the Property

Christina Porter

Daniel Gale Sothebys Intl Rlty Brokerage Phone: 516-759-4800 License #30PO0758443 Listed on: 05/08/2022

Daniel Gale Sothebys Intl Rlty

Co-Listed By

Christina Teagle

Daniel Gale Sothebys Intl Rlty Brokerage Phone: 516-759-4800 License #10401269566

Last Buyer's Agent

William Ortiz

Redfin Real Estate License #10401259080

Redfin Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $67,246

Year Built

  • Built in 1933

Lot Details

  • 15.26 Acre Lot
  • Private Entrance
  • Partially Fenced Property
  • Level Lot
  • Partially Wooded Lot
  • Subdivision Possible

Parking

  • 4 Car Detached Garage

Home Design

  • Colonial Architecture
  • Frame Construction

Interior Spaces

  • 6,258 Sq Ft Home
  • 3-Story Property
  • 5 Fireplaces
  • Unfinished Basement
  • Partial Basement

Kitchen

  • Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Patio
  • Cottage Room

Schools

  • Ann Macarthur Primary Elementary School
  • Locust Valley Middle School
  • Locust Valley High School

Horse Facilities and Amenities

  • Stables

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Oil
  • Cesspool

Listing and Financial Details

  • Legal Lot and Block 936&7,999 / A
  • Assessor Parcel Number 2427-18-A-00-0936-0

Home Details

Home Type

Single Family

Est. Annual Taxes

$67,246

Year Built

Built in 1933

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Architectural Style: Colonial
  • Property SubType: Single Family Residence
  • Property Condition: Excellent
  • Levels: Three Or More
  • Year Built: 1933
  • New Construction: No
  • Attribution Contact: 516-759-4800
  • Co List Office Mls Id: ONEGALE07
  • Co List Office Phone: 516-759-4800
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Oven, Refrigerator, Washer
  • Living Area Units: Square Feet
  • Fireplaces: 5
  • Common Walls: No Common Walls
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Basement: Partial, Unfinished
  • Inclusions: Dishwasher,Door Hardware,Dryer,Generator,Refrigerator,Shed,Wall Oven,Washer
  • Total Bedrooms: 6
  • Fireplace: Yes
  • Living Area: 6258
  • AtticDescription: Pull Stairs,Unfinished
  • SquareFootage: 6258.00
  • NumberOfKitchens: 1

Exterior Features

  • Other Structures: Cottage, Stable(s)
  • Construction Materials: Frame, Shingle Siding
  • Fencing: Partial
  • Pool Features: In Ground
  • Pool Private: Yes
  • Exterior Features: Private Entrance
  • Patio and Porch Features: Patio
  • FloodZoneReportYN: 0

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 4
  • Garage: Yes
  • Parking Description: Private, Detached, 4+ Car Detached

Utilities

  • Cooling: Yes
  • Heating: Oil, Forced Air
  • Sewer: Cesspool
  • Water Source: Public
  • Hot Water: Fuel Oil Stand Alone
  • SeparateHotwaterHeaterDetail: Y

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Locust Valley Middle School

Lot Info

  • Lot Size Acres: 15.26
  • Lot Size Area: 15.26
  • Lot Dimensions: 15.26
  • Lot Size Sq Ft: 664726
  • Lot Size Units: Acres
  • Lot Features: Level, Part Wooded, Possible Sub Division
  • Parcel Number: 2427-18-A-00-0936-0
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No
  • Available Date: 2023-06-15

Tax Info

  • Tax Annual Amount: 67246
  • Tax Block: A
  • Tax Lot: 936&7,999
  • Tax Other Annual Assessment Amount: 7100
  • Tax Map Number: 2427-18-A-00-0936-0

MLS Schools

  • Elementary School: Ann Macarthur Primary School
  • High School: Locust Valley High School
  • Middle School District: Locust Valley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2022
Closed on
Jul 18, 2023
Sold by
Higginson Thomas L and Estate Of Thomas Le Higginson
Bought by
Pak Seon Gyu and Yim Chin Suk
Seller's Agent
Christina Porter
Daniel Gale Sothebys Intl Rlty
Buyer's Agent
William Ortiz
Redfin Real Estate
List Price
$4,299,000
Sold Price
$4,100,000
Premium/Discount to List
-$199,000
-4.63%
Total Days on Market
65
Views
57
Current Estimated Value
$4,656,816

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$556,816
Avg. Annual Appreciation
7.01%
Original Mortgage
$2,280,000
Outstanding Balance
$2,224,186
Interest Rate
5.12%
Mortgage Type
New Conventional
Estimated Equity
$2,432,630

Purchase Details

Listed on
May 8, 2022
Closed on
Jul 11, 2023
Sold by
Rideman Elizabeth Higginson and Higginson Robert W
Bought by
Higginson Thomas L and Estate Of Theodora Winthrop Hooton
Seller's Agent
Christina Porter
Daniel Gale Sothebys Intl Rlty
Buyer's Agent
William Ortiz
Redfin Real Estate
List Price
$4,299,000
Sold Price
$4,100,000
Premium/Discount to List
-$199,000
-4.63%
Views
57

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,280,000
Outstanding Balance
$2,224,186
Interest Rate
5.12%
Mortgage Type
New Conventional
Estimated Equity
$2,432,630
Source: Public Records

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Range of Values:

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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
Pak Seon Gyu $4,225,000 Stewart Title Insurance Co
Pak Seon Gyu $4,225,000 Stewart Title Insurance Co
Higginson Thomas L -- Stewart Title Insurance Co
Higginson Thomas L -- Stewart Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pak Seon Gyu $2,280,000
Closed Pak Seon Gyu $2,280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2023 07/21/23 Sold $4,100,000 +2.5% $655 / Sq Ft
04/20/2023 04/20/23 Pending -- -- --
03/17/2023 03/17/23 Price Changed $3,999,000 -7.0% $639 / Sq Ft
02/14/2023 02/14/23 For Sale $4,299,000 -- $687 / 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 $9,413 $3,306 $2,587 $719
2023 $62,625 $3,306 $2,587 $719
2022 $62,625 $3,119 $2,587 $532
2021 $60,546 $2,943 $2,587 $356
2020 $60,146 $5,704 $4,539 $1,165
2019 $59,301 $5,717 $4,549 $1,168
2018 $55,781 $6,840 $0 $0
2017 $49,233 $6,840 $5,443 $1,397
2016 $60,671 $6,840 $4,719 $2,121
2015 $9,693 $6,840 $4,719 $2,121
2014 $9,693 $6,840 $4,719 $2,121
2013 $10,488 $7,889 $5,443 $2,446
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3458535

OneKey® MLS

APN: 2427-18-A-00-0936-0