NOT LISTED FOR SALE

55 Wright Ave Malverne, NY 11565

Estimated Value: $1,157,481

5 Beds
2.5 Baths
3,766 Sq Ft
$307/Sq Ft Est. Value

Last Sold January 22, 2024

Last sale price $1,190,000 $316 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $6,551/month

172 Days on Market

Highlights

  • 16,801 Sq Ft lot
  • 5-minute walk to Malverne Station
  • Property is near public transit
  • Maurice W. Downing Primary K-2 School Rated A
  • Colonial Architecture
  • Cathedral Ceiling

About This Home

As of January 2024

New Season, New Price! One of the original homes in the charming Village of Malverne, this stunning house built in 1923 is a rare offering due to both its historical significance in Malverne as well as its expansive .4 acre lot. Boasting 5 bedrooms and 2.5 bathrooms on three floors, this home has ample space for the new owners and their guests. From the original paneling and molding, to the transom windows and French doors, to the original hardwood floors and curved hand railings, the high quality of the workmanship is evident throughout the home. The rare 100x165 private property is a standout feature of this home, providing plenty of room for outdoor activities and entertaining as well as potential for expansion or a pool. Featuring a grand porte cochere, a sizable two car garage with a second floor studio, ample off street parking and a patio, this property has endless possibilities. Overall, this Colonial-style home in the Village of Malverne is a true treasure and has been lovingly maintained by the current owners for generations. From its classic architecture, to its spacious and welcoming interior and private property, this home is the perfect place to create memories that will last a lifetime., Additional information: Separate Hotwater Heater:Y

Last Agent to Sell the Property

Eileen O'Hara

Daniel Gale Sothebys Intl Rlty License #10301212826 Listed on: 05/23/2023

Daniel Gale Sothebys Intl Rlty

Last Buyer's Agent

Anthony Parascandolo

RE/MAX ELITE License #10401327454

RE/MAX ELITE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,885

Year Built

  • Built in 1923

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 100x165
  • Level Lot

Parking

  • Detached Garage

Home Design

  • Colonial Architecture
  • Split Level Home
  • Frame Construction
  • Stucco

Interior Spaces

  • 3,766 Sq Ft Home
  • Cathedral Ceiling
  • Skylights
  • Chandelier
  • 1 Fireplace
  • New Windows
  • Entrance Foyer
  • Formal Dining Room
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Playground
  • Porch

Location

  • Property is near public transit

Schools

  • Howard T Herber Middle School
  • Malverne Senior High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Private Water Source

Community Details

  • Park

Listing and Financial Details

  • Legal Lot and Block 279 / 4
  • Assessor Parcel Number 2027-38-004-00-0279-0

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,885

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architectural Style: Colonial
  • Property SubType: Single Family Residence
  • Levels: Multi/Split
  • Year Built: 1923
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer, Gas Water Heater
  • Interior Amenities: Cathedral Ceiling(s), Chandelier, Eat-in Kitchen, Entrance Foyer, Formal Dining, Walk-In Closet(s)
  • Fireplaces: 1
  • Flooring: Hardwood
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Bilco Door(s), Full
  • Total Bedrooms: 5
  • Fireplace: Yes
  • Living Area: 3766
  • Window Features: Blinds, New Windows, Skylight(s)
  • Basement YN: No

Exterior Features

  • Construction Materials: Frame, Stucco
  • Pool Private: No
  • Spa: No
  • Exterior Features: Playground
  • Patio and Porch Features: Patio, Porch

Garage/Parking

  • Parking Description: Detached, Private

Utilities

  • Heating: Hot Water, Natural Gas
  • Sewer: Public Sewer
  • Utilities: Trash Collection Public
  • Water Source: Private

Condo/Co-op/Association

  • Association Amenities: Park
  • Senior Community: No
  • Association: No

Schools

  • Middle School: Howard T Herber Middle School

Lot Info

  • Lot Dimensions: 100x165
  • Lot Size Sq Ft: 16801
  • Lot Features: Level, Near Public Transit, Near School, Near Shops
  • Parcel Number: 2027-38-004-00-0279-0
  • Property Attached: No
  • Additional Parcels: No

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 1

Tax Info

  • Tax Annual Amount: 24885
  • Tax Block: 4
  • Tax Lot: 279

MLS Schools

  • High School: Malverne Senior High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2023
Closed on
Jan 22, 2024
Sold by
Liu Royce
Bought by
Gangadin Vishnu and Gangadin Kamla
Seller's Agent
Eileen O'Hara
Daniel Gale Sothebys Intl Rlty
Buyer's Agent
Anthony Parascandolo
RE/MAX ELITE
List Price
$1,235,000
Sold Price
$1,190,000
Premium/Discount to List
-$45,000
-3.64%
Views
428
Current Estimated Value
$1,157,481

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$32,519
Avg. Annual Appreciation
-1.85%
Original Mortgage
$892,500
Outstanding Balance
$878,493
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
$278,988

Purchase Details

Closed on
Apr 22, 2022
Sold by
Liu Richard J and Liu Family Personal Residence Trust
Bought by
Liu Royce

Purchase Details

Closed on
Jun 4, 2019
Sold by
Liu John and Liu Vera
Bought by
Liu Personal Residence 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
Gangadin Vishnu $1,190,000 Westcor Land Title Ins Co
Gangadin Vishnu $1,190,000 Westcor Land Title Ins Co
Liu Royce -- Netco Inc
Liu Royce -- Netco Inc
Liu Personal Residence Trust -- None Available
Liu Personal Residence Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gangadin Vishnu $892,500
Closed Gangadin Vishnu $892,500
Previous Owner Liu Personal Residence Trust $400,000
Previous Owner Liu John $270,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2024 01/22/24 Sold $1,190,000 -3.6% $316 / Sq Ft
11/12/2023 11/12/23 Pending -- -- --
09/14/2023 09/14/23 Price Changed $1,235,000 0.0% $328 / Sq Ft
09/14/2023 09/14/23 For Sale $1,235,000 +3.8% $328 / Sq Ft
07/16/2023 07/16/23 Off Market $1,190,000 -- --
06/23/2023 06/23/23 Price Changed $1,275,000 -5.6% $339 / Sq Ft
05/23/2023 05/23/23 For Sale $1,350,000 -- $358 / 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 $1,678 $767 $295 $472
2024 $1,678 $762 $293 $469
2023 $16,861 $806 $310 $496
2022 $16,861 $806 $310 $496
2021 $17,161 $806 $310 $496
2020 $18,780 $1,260 $573 $687
2019 $2,725 $1,738 $790 $948
2018 $20,006 $1,738 $0 $0
2017 $17,967 $1,738 $790 $948
2016 $20,480 $1,738 $790 $948
2015 $2,581 $1,738 $790 $948
2014 $2,581 $1,738 $790 $948
2013 $2,368 $1,738 $790 $948
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: L3478900

OneKey® MLS

APN: 2027-38-004-00-0279-0