$460,000
SOLD MAR 14, 2025

7 E Chestnut St Central Islip, NY 11722

7 Beds
2 Baths
2,000 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$230 Per Sq Ft

8% Below List Price

148 Days on Market

Highlights

  • Cape Cod Architecture
  • Attached Garage
  • Baseboard Heating

About This Home

As of March 2025

Needs full rehab. Cash or hard money ONLY. Not financeable. Discover an incredible investment opportunity with this expansive 7-bedroom property, featuring 3 bedrooms on the main floor and 4 bedrooms upstairs, perfect for a complete transformation. Nestled on a generous lot, this home boasts a full, unfinished basement with a convenient separate entrance, ideal for adding extra living space! Though in need of significant renovation, the potential here is undeniable, offering savvy investors the chance to create a dream home or profitable flip. Priced attractively, this gem is a rare find that promises substantial returns with the right vision and effort., Additional information: Appearance:FULL REHAB,Separate Hotwater Heater:Yes

Last Agent to Sell the Property

Matthew Klages

Realty Evolution Corp Brokerage Phone: 516-826-2141 License #10401327317 Listed on: 06/18/2024

Last Buyer's Agent

Sarbdeep Singh

Property Professionals Realty License #10401343503

Property Professionals Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,997

Year Built

  • Built in 1960

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 75x100

Parking

  • Attached Garage

Home Design

  • Cape Cod Architecture
  • Post and Beam
  • Vinyl Siding

Interior Spaces

  • 2,000 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 2 Full Bathrooms

Schools

  • Ralph Reed Middle School
  • Central Islip Senior High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Heating System Uses Oil
  • Oil Water Heater
  • Cesspool

Listing and Financial Details

  • Legal Lot and Block 24 / 0002
  • Assessor Parcel Number 0500-142-00-02-00-024-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,997

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architectural Style: Exp Cape
  • Property SubType: Single Family Residence
  • Levels: Two
  • Year Built: 1960
  • Attribution Contact: 516-826-2141
  • CurrentPrice: 460000.00
  • MlsMajorChangeType: Sold
  • CurrentPrice_By_LivingArea: 230.00000
  • ListPrice_By_LivingArea: 250.00000
  • ListPrice_By_OriginalListPrice: 1.00000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Oil Water Heater
  • Full Bathrooms: 2
  • Basement: Full, Unfinished
  • Total Bedrooms: 7
  • Living Area: 2000
  • Basement YN: No

Exterior Features

  • Construction Materials: Vinyl Siding, Post and Beam
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking Description: Private, Attached

Utilities

  • Cooling: None
  • Heating: Oil, Baseboard
  • Sewer: Cesspool
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle School: Ralph Reed School

Lot Info

  • Lot Dimensions: 75x100
  • Lot Size Sq Ft: 7405
  • Parcel Number: 0500-142-00-02-00-024-000
  • Property Attached: No
  • Additional Parcels: No

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 1

Tax Info

  • Tax Annual Amount: 7997
  • Tax Block: 0002
  • Tax Lot: 24

MLS Schools

  • High School: Central Islip Senior High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2024
Closed on
Mar 14, 2025
Sold by
Riddick Carlton
Bought by
7 Chestnut Llc
Seller's Agent
Matthew Klages
Realty Evolution Corp
Buyer's Agent
Sarbdeep Singh
Property Professionals Realty
List Price
$500,000
Sold Price
$460,000
Premium/Discount to List
-$40,000
-8%
Views
87
Current Estimated Value
$603,185

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,185
Avg. Annual Appreciation
41.54%
Original Mortgage
$322,000
Outstanding Balance
$320,345
Interest Rate
6.85%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$282,840

Purchase Details

Closed on
Sep 23, 1998
Sold by
Riddick June
Bought by
Riddick Carlton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,919
Interest Rate
7.73%
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 Type Sale Price Title Company
Deed $460,000 Old Republic Title
Deed $460,000 Old Republic Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $322,000 Purchase Money Mortgage
Closed $322,000 Purchase Money Mortgage
Previous Owner $150,919 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/14/2025 03/14/25 Sold $460,000 -8.0% $230 / Sq Ft
11/13/2024 11/13/24 Pending -- -- --
06/18/2024 06/18/24 For Sale $500,000 -- $250 / 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 $7,002 $25,000 $5,600 $19,400
2023 $7,002 $25,000 $5,600 $19,400
2022 $6,185 $25,000 $5,600 $19,400
2021 $6,185 $25,000 $5,600 $19,400
2020 $6,625 $25,000 $5,600 $19,400
2019 $6,625 $0 $0 $0
2018 -- $25,000 $5,600 $19,400
2017 $6,256 $25,000 $5,600 $19,400
2016 $6,204 $25,000 $5,600 $19,400
2015 -- $25,000 $5,600 $19,400
2014 -- $25,000 $5,600 $19,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: L3586313

OneKey® MLS

APN: 0500-142-00-02-00-024-000