NOT LISTED FOR SALE

551 E Bay Dr Long Beach, NY 11561

Estimated Value: $2,652,000 - $3,007,599

5 Beds
4.5 Baths
5,100 Sq Ft
$555/Sq Ft Est. Value

Last Sold October 10, 2023

Last sale price $2,604,000 $511 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $16,719/month

104 Days on Market

Highlights

  • Water Views
  • Docks
  • Basketball Court
  • Lido Elementary School Rated A
  • Beach Access
  • In Ground Pool

About This Home

As of October 2023

Magnificent Bay Front Contemporary Home W/ 5 Bedrooms and 4.5 Baths. Expansive Bayfront Views Throughout! Incredible Chefs Kitchen, Beautiful Formal Dining Room, Huge Master Suite with Luxury Full Bath and Private Deck With Stunning Bay View. Backyard is Entertainers Dream with Large In Ground built gunite Heated Pool, Built-in Grill with Fridge and Prep Space, Huge Dock With Lounge Space, Dock and Floating Dock For Boats! Come Live On The Bay!, Additional information: Appearance:Mint,Interior Features:Guest Quarters,Separate Hotwater Heater:Y

Last Agent to Sell the Property

Thomas Tripodi

Douglas Elliman Real Estate License #30TR1034165 Listed on: 04/04/2023

Douglas Elliman Real Estate

Co-Listed By

Cynthia Altkin

Douglas Elliman Real Estate License #40AL0988671

Last Buyer's Agent

Thomas Tripodi

Douglas Elliman Real Estate License #30TR1034165 Listed on: 04/04/2023

Douglas Elliman Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $41,430

Year Built

  • Built in 2008

Lot Details

  • 9,920 Sq Ft Lot
  • Lot Dimensions are 80x124
  • Level Lot
  • Front and Back Yard Sprinklers

Home Design

  • Contemporary Architecture
  • Frame Construction
  • Blown-In Insulation
  • Shake Siding
  • Stone Siding
  • Cedar

Interior Spaces

  • 5,100 Sq Ft Home
  • Central Vacuum
  • Whole House Entertainment System
  • Cathedral Ceiling
  • Ceiling Fan
  • Chandelier
  • 3 Fireplaces
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Window Screens
  • Entrance Foyer
  • Formal Dining Room
  • Sauna
  • Wood Flooring
  • Water Views
  • Crawl Space
  • Dryer

Kitchen

  • Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Low Flow Plumbing Fixtures

Home Security

  • Home Security System
  • Smart Thermostat
  • Storm Windows
  • Storm Doors

Parking

  • Garage
  • Garage Door Opener
  • Driveway

Eco-Friendly Details

  • LEED For Homes
  • Energy-Efficient Exposure or Shade

Outdoor Features

  • In Ground Pool
  • Beach Access
  • Docks
  • Basketball Court
  • Balcony
  • Patio
  • Basketball Hoop
  • Outdoor Gas Grill

Location

  • Property is near public transit, schools, and shops

Schools

  • Lido Elementary School
  • Long Beach Middle School
  • Long Beach High School

Utilities

  • Central Air
  • Ductless Heating Or Cooling System
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Water Heater

Listing and Financial Details

  • Legal Lot and Block 19 / 162
  • Assessor Parcel Number 1000-59-162-00-0019-0

Community Details

Overview

  • Association fees include sewer

Recreation

  • Powered Boats Allowed
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$41,430

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architectural Style: Contemporary
  • Property SubType: Single Family Residence
  • Year Built: 2008
  • Co List Office Mls Id: KEYDERE58
  • Co List Office Phone: 516-432-3400
  • CurrentPrice: 2604000.00
  • MlsMajorChangeType: Price Decrease
  • CurrentPrice_By_LivingArea: 510.58824
  • ListPrice_By_LivingArea: 564.68020
  • ListPrice_By_OriginalListPrice: 1.00000
  • CurrentPrice_By_BuildingAreaTotal: 510.58824
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Dishwasher, Dryer, ENERGY STAR Qualified Appliances, Freezer, Microwave, Refrigerator, Indirect Water Heater
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), Central Vacuum, Chandelier, Entrance Foyer, Formal Dining, Granite Counters, Low Flow Plumbing Fixtures, Master Downstairs, Primary Bathroom, Pantry, Sauna, Smart Thermostat, Walk-In Closet(s), Whole House Entertainment System
  • Fireplaces: 3
  • Flooring: Hardwood
  • Door Features: Storm Door(s)
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Crawl Space
  • Total Bedrooms: 5
  • Fireplace: Yes
  • Living Area: 5100
  • Window Features: Double Pane Windows, ENERGY STAR Qualified Windows, Screens, Storm Window(s)
  • Other Equipment: Pool Equip/Cover
  • Basement YN: No

Exterior Features

  • Construction Materials: Blown-In Insulation, Cedar, Energy Star, Frame, Shake Siding, Stone
  • Waterfront Features: Beach Access, Waterfront
  • Pool Features: In Ground
  • Pool Private: Yes
  • Spa: No
  • View: Water
  • Exterior Features: Balcony, Basketball Court, Basketball Hoop, Dock, Gas Grill
  • Patio and Porch Features: Patio

Garage/Parking

  • Parking Description: Attached, Detached, Driveway, Garage Door Opener, Private

Utilities

  • Cooling: Central Air, Ductless
  • Heating: Hot Water, Natural Gas, Oil, Other
  • Security: Security System, Video Cameras
  • Sewer: Public Sewer
  • Water Source: Public
  • Electric: Generator

Condo/Co-op/Association

  • HOA Fee Includes: Sewer
  • Association Amenities: Park, Powered Boats Allowed
  • Senior Community: No
  • Association: No

Schools

  • Middle School: Long Beach Middle School

Lot Info

  • Lot Dimensions: 80X124
  • Lot Size Sq Ft: 9920
  • Lot Features: Level, Near Public Transit, Near School, Near Shops, Sprinklers In Front, Sprinklers In Rear
  • Parcel Number: 1000-59-162-00-0019-0
  • Property Attached: No
  • Additional Parcels: No

Green Features

  • Green Building Verification Type: LEED For Homes

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 1

Tax Info

  • Tax Annual Amount: 41429.65
  • Tax Block: 162
  • Tax Lot: 19

MLS Schools

  • Elementary School: Lido Elementary School
  • High School: Long Beach High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2023
Closed on
Oct 14, 2023
Sold by
Amantea Michael and Amantea Valerie Saladino
Bought by
Asencio Paul and Asencio Heather
Seller's Agent
Thomas Tripodi
Douglas Elliman Real Estate
Buyer's Agent
Thomas Tripodi
Douglas Elliman Real Estate
List Price
$2,879,876
Sold Price
$2,604,000
Premium/Discount to List
-$275,876
-9.58%
Views
331
Current Estimated Value
$2,829,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225,800
Avg. Annual Appreciation
3.78%
Original Mortgage
$2,000,000
Outstanding Balance
$1,945,773
Interest Rate
5.62%
Mortgage Type
New Conventional
Estimated Equity
$884,027

Purchase Details

Closed on
Jul 23, 2009
Sold by
Amantea Michael
Bought by
Elias Albert

Purchase Details

Closed on
Mar 31, 2009
Sold by
Little Apple Development
Bought by
Amantea Michael and Amantea Valerie

Purchase Details

Closed on
Mar 21, 2007
Sold by
Griffin Kathleen
Bought by
Little Apple Development
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
Asencio Paul $2,604,166 Old Republic Natl Ttl Ins Co
Asencio Paul $2,604,166 Old Republic Natl Ttl Ins Co
Asencio Paul $2,604,166 Old Republic Natl Ttl Ins Co
Asencio Paul $2,604,166 Old Republic Natl Ttl Ins Co
Elias Albert $990,000 --
Elias Albert $990,000 --
Elias Albert $990,000 --
Amantea Michael -- --
Amantea Michael -- --
Little Apple Development $1,550,000 --
Little Apple Development $1,550,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Asencio Paul $2,000,000
Closed Asencio Paul $2,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2023 10/10/23 Sold $2,604,000 -9.6% $511 / Sq Ft
07/17/2023 07/17/23 Pending -- -- --
06/08/2023 06/08/23 Price Changed $2,879,869 0.0% $565 / Sq Ft
06/01/2023 06/01/23 Price Changed $2,879,870 0.0% $565 / Sq Ft
05/25/2023 05/25/23 Price Changed $2,879,871 0.0% $565 / Sq Ft
05/21/2023 05/21/23 Price Changed $2,879,872 0.0% $565 / Sq Ft
05/10/2023 05/10/23 Price Changed $2,879,873 0.0% $565 / Sq Ft
05/09/2023 05/09/23 Price Changed $2,879,874 0.0% $565 / Sq Ft
04/16/2023 04/16/23 Price Changed $2,879,875 0.0% $565 / Sq Ft
04/04/2023 04/04/23 For Sale $2,879,876 -- $565 / 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 $23,240 $1,614 $414 $1,200
2024 $2,823 $1,614 $414 $1,200
2023 $22,411 $1,710 $438 $1,272
2022 $22,411 $1,614 $414 $1,200
2021 $39,346 $1,523 $390 $1,133
2020 $27,479 $2,252 $1,429 $823
2019 $21,138 $2,412 $1,435 $977
2018 $20,567 $2,573 $0 $0
2017 $17,356 $2,734 $1,313 $1,421
2016 $3,375 $3,188 $1,426 $1,762
2015 $4,130 $3,365 $1,505 $1,860
2014 $4,130 $3,365 $1,505 $1,860
2013 $4,015 $3,422 $1,531 $1,891
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: L3469066

OneKey® MLS

APN: 1000-59-162-00-0019-0