NOT LISTED FOR SALE

56 W Orchard St Unit 58 Hempstead, NY 11550

Hempstead Neighborhood

Estimated Value: $725,000

6 Beds
2 Baths
1,405 Sq Ft
$516/Sq Ft Est. Value

Last Sold September 16, 2022

Last sale price $550,000 $391 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $4,140/month

171 Days on Market

Highlights

  • Property is near public transit
  • Home Security System
  • Forced Air Heating and Cooling System
  • Main Floor Primary Bedroom

About This Home

As of September 2022

WELCOME TO HEMPSTEAD NY. One-of-a-kind Duplex 2 Family House in the Town of Hempstead. This side-by-side Duplex-Two Family dwelling sits on an 8442 sq ft lot that accommodates both properties on the same lot (56 and 58). Property intersects at West Orchard Street + South Cathedral Avenue. It features well-maintained fixtures that give it, its original look, 1 Bedroom on the 1st floor upon entry, Living Room, a separate kitchen, 2 Bedrooms on the 2nd floor. All appliances are in working condition. Floors are covered with Ceramic Tile in the Kitchen and Bathroom, Hardwood floor in other rooms. Backyard, driveway, and Garage. Property is currently occupied with both Tenants paying $2500 monthly for each house. Obtain 2 properties for the price of one. Take advantage of this opportunity NOW.

Last Listed By

David Owoeye

Ephesians Property Group License #10491213550 Listed on: 09/27/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,115

Year Built

  • Built in 1898

Lot Details

  • 8,442 Sq Ft Lot
  • Lot Dimensions are 62x138
  • No Common Walls

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Crawl Space
  • Home Security System
  • Microwave

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Parking

  • 3 Parking Spaces
  • Private Parking
  • Driveway
  • On-Street Parking

Location

  • Property is near public transit

Schools

  • Alverta B Gray Schultz Middle Sch
  • Hempstead High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 196 / 301
  • Assessor Parcel Number 2013-34-301-00-0196-0

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,115

Year Built

Built in 1898

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Duplex
  • Property SubType: Multi Family
  • Property Condition: Average
  • Levels: Two
  • Year Built: 1898
  • New Construction: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Microwave, Refrigerator
  • Interior Amenities: Master Downstairs
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Basement: Crawl Space, See Remarks, Unfinished
  • Inclusions: Door Hardware,Light Fixtures,Mailbox,Microwave,Refrigerator
  • Total Bedrooms: 6
  • NumberOfKitchens: 2

Exterior Features

  • Construction Materials: Brick
  • FloodZoneReportYN: 1

Garage/Parking

  • Total Parking Spaces: 3
  • Attached Garage: No
  • Garage: No
  • Parking Description: Private, Driveway, On Street

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Security: Security System
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Indirect Tank

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Alverta B Gray Schultz Middle Sch

Lot Info

  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Dimensions: 62x138
  • Lot Size Sq Ft: 8442
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 2013-34-301-00-0196-0
  • Property Attached: No
  • ResoLotSizeUnits: Acres
  • FloodZoneDate: 2021-09-28

Rental Info

  • Lease Considered: No

Multi Family

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

Tax Info

  • Tax Annual Amount: 14114.95
  • Tax Block: 301
  • Tax Lot: 196
  • Tax Other Annual Assessment Amount: 6500
  • Tax Map Number: 2013-34-301-00-0196-0

MLS Schools

  • High School: Hempstead High School
  • Middle School District: Hempstead

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2021
Closed on
Sep 6, 2022
Sold by
Raja Shehrose
Bought by
5658 West Orchard Llc
Seller's Agent
David Owoeye
Ephesians Property Group
Buyer's Agent
Paul Zhou
Keller Williams Rty Gold Coast
List Price
$570,000
Sold Price
$550,000
Premium/Discount to List
-$20,000
-3.51%
Total Days on Market
171
Current Estimated Value
$725,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,000
Avg. Annual Appreciation
8.53%
Original Mortgage
$385,000
Outstanding Balance
$370,373
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$315,627

Purchase Details

Closed on
Jun 23, 2020
Sold by
Aans Properties Llc
Bought by
Raja Shehrose

Purchase Details

Closed on
Dec 17, 2009
Sold by
Raja Sakandeer and Raja Noreen
Bought by
Aans Properties Llc

Purchase Details

Closed on
Jun 13, 2006
Sold by
Simmons Nicole
Bought by
Raja Sankander

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
5658 West Orchard Llc $550,000 Wfg National Title Ins Co
5658 West Orchard Llc $550,000 Wfg National Title Ins Co
Raja Shehrose -- None Available
Raja Shehrose -- None Available
Aans Properties Llc $285,000 --
Aans Properties Llc $285,000 --
Raja Sankander $380,000 --
Raja Sankander $380,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 5658 West Orchard Llc $385,000
Closed 5658 West Orchard Llc $385,000
Previous Owner James Joan A $172,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2022 09/16/22 Sold $550,000 -3.5% $391 / Sq Ft
03/17/2022 03/17/22 Pending -- -- --
03/04/2022 03/04/22 For Sale $570,000 +3.6% $406 / Sq Ft
02/28/2022 02/28/22 Off Market $550,000 -- --
09/27/2021 09/27/21 For Sale $570,000 -- $406 / 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 $978 $385 $188 $197
2023 $9,244 $393 $192 $201
2022 $9,244 $393 $192 $201
2021 $13,074 $381 $186 $195
2020 $7,760 $460 $323 $137
2019 $956 $493 $346 $147
2018 $7,038 $538 $0 $0
2017 $7,029 $538 $378 $160
2016 $7,970 $538 $378 $160
2015 $901 $538 $378 $160
2014 $901 $538 $378 $160
2013 $834 $538 $378 $160
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3348269

OneKey® MLS

APN: 2013-34-301-00-0196-0