NOT LISTED FOR SALE

71 Old Tappan Rd Locust Valley, NY 11560

Estimated Value: $2,837,000 - $4,428,747

6 Beds
8 Baths
8,600 Sq Ft
$422/Sq Ft Est. Value

Last Sold July 09, 2022

Last sale price $3,500,000 $407 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $20,890/month

214 Days on Market

Highlights

  • Tennis Courts
  • In Ground Pool
  • 10.16 Acre Lot
  • Locust Valley High School Rated A
  • Estate
  • Private Lot

About This Home

As of July 2022

"Preference" is a spectacular Georgian-style brick Manor House built in 1926 by the distinguished architect Thomas Hasting as a wedding present for the granddaughter of Charles Pratt, a noted American Industrialist. The secluded Estate sits on the second-highest elevation of Long Island's Gold Coast in a tranquil setting. A long and winding driveway leads past manicured lawns, specimen trees, flowering bushes and perennial gardens. Interiors have high ceilings, grandly-scaled rooms and elegant architectural details. First Floor: dramatic entry foyer with sweeping staircase, over-sized paneled living room with fpl, library with fpl, sunroom, formal dining room, large eat-in-kitchen, and guest bath. Second Floor: spacious primary bedroom suite with dressing room/office and two baths. 5 additional bedrooms and 6 baths. Third Floor: 2 large bedrooms and 1 bath. Oval swimming pool, tennis court, and 3 bedroom guest cottage. INCLUDES 5 ACRE BUILDABLE LOT.

Last Agent to Sell the Property

Christina Porter

Daniel Gale Sothebys Intl Rlty Brokerage Phone: 516-759-4800 License #30PO0758443 Listed on: 09/13/2021

Daniel Gale Sothebys Intl Rlty

Last Buyer's Agent

Amy Tansill

Daniel Gale Sothebys Intl Rlty License #10401219492

Daniel Gale Sothebys Intl Rlty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $95,846

Year Built

  • Built in 1926

Lot Details

  • 10.16 Acre Lot
  • Property fronts an easement
  • Northwest Facing Home
  • Private Entrance
  • Stone Wall
  • Private Lot
  • Partially Wooded Lot
  • Subdivision Possible

Parking

  • 3 Car Detached Garage
  • Driveway

Home Design

  • Estate
  • Brick Exterior Construction
  • Frame Construction

Interior Spaces

  • 8,600 Sq Ft Home
  • 3-Story Property
  • 7 Fireplaces
  • Entrance Foyer
  • Formal Dining Room
  • Den
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Wine Cooler

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Powder Room

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • In Ground Pool
  • Tennis Courts
  • Patio

Schools

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

Utilities

  • Window Unit Cooling System
  • Zoned Cooling
  • Hot Water Heating System
  • Heating System Uses Oil
  • Cesspool

Listing and Financial Details

  • Exclusions: Air Filter,Curtains/Drapes,Selected Light Fixtures
  • Legal Lot and Block 44 & 45 / 84

Home Details

Home Type

Single Family

Est. Annual Taxes

$95,846

Year Built

Built in 1926

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Architectural Style: Estate
  • Property SubType: Single Family Residence
  • Property Condition: Excellent
  • Levels: Three Or More
  • Exclusions: Air Filter,Curtains/Drapes,Selected Light Fixtures
  • Year Built: 1926
  • New Construction: No
  • Attribution Contact: 516-759-4800
  • BuildingSize: 8,600
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Dishwasher, Dryer, Microwave, Oven, Refrigerator, Washer, Wine Cooler
  • Interior Amenities: Den/Family Room, Eat-in Kitchen, Formal Dining, Entrance Foyer, Master Bath, Pantry, Powder Room
  • Living Area Units: Square Feet
  • Fireplaces: 7
  • Flooring: Hardwood
  • Common Walls: No Common Walls
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Basement: Full, Unfinished, Walk-Out Access
  • Inclusions: B/I Shelves,Chandelier(s),Cook Top,Craft/Table/Bench,Dishwasher,Door Hardware,Dryer,Light Fixtures,Microwave,Pool Equipt/Cover,Refrigerator,Second Dishwasher,Shades/Blinds,Wall Oven,Wall to Wall Carpet,Washer,Wine Cooler
  • Total Bedrooms: 6
  • Fireplace: Yes
  • Living Area: 8600
  • AtticDescription: Finished,Full,Walkup
  • SquareFootage: 8600.00
  • NumberOfKitchens: 1

Exterior Features

  • Direction Faces: Northwest
  • Construction Materials: Brick, Frame
  • Pool Features: In Ground
  • Pool Private: Yes
  • Exterior Features: Private Entrance, Tennis Court(s)
  • Patio and Porch Features: Patio
  • FloodZoneReportYN: 0

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3
  • Garage: Yes
  • Parking Description: Private, Detached, 3 Car Detached, Driveway

Utilities

  • Cooling: Zoned, Window Unit(s)
  • Cooling: Yes
  • Heating: Oil, Hot Water
  • Sewer: Cesspool
  • Water Source: Public
  • GarbageRemoval: Private
  • Hot Water: Fuel Oil Stand Alone
  • SeparateHotwaterHeaterDetail: yes

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Locust Valley Middle School

Lot Info

  • Lot Size Acres: 10.16
  • Lot Size Area: 10.16
  • Lot Dimensions: 10.16
  • Lot Size Sq Ft: 442569
  • Lot Size Units: Acres
  • Lot Features: Easement, Part Wooded, Possible Sub Division, Stone/Brick Wall, Private
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No
  • Available Date: 2022-06-08

Tax Info

  • Tax Annual Amount: 95846.19
  • Tax Block: 84
  • Tax Lot: 44 & 45
  • Tax Other Annual Assessment Amount: 3539.3

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
Sep 13, 2021
Closed on
Jul 8, 2022
Sold by
Sheldon John S and Sheldon Mary G
Bought by
Long Hill House Llc
Seller's Agent
Christina Porter
Daniel Gale Sothebys Intl Rlty
Buyer's Agent
Amy Tansill
Daniel Gale Sothebys Intl Rlty
List Price
$3,695,000
Sold Price
$3,500,000
Premium/Discount to List
-$195,000
-5.28%
Current Estimated Value
$3,632,874

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,874
Avg. Annual Appreciation
5.02%
Original Mortgage
$1,400,000
Outstanding Balance
$1,322,248
Interest Rate
4.12%
Mortgage Type
New Conventional
Estimated Equity
$2,767,244
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
Long Hill House Llc $3,300,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Long Hill House Llc $1,400,000
Previous Owner Sheldon John S $650,000
Previous Owner Sheldon John S $469,171
Previous Owner Sheldon John S $350,000
Previous Owner Sheldon John S $450,000
Previous Owner Sheldon John S $85,050
Previous Owner Sheldon John S $649,185
Previous Owner Sheldon John S $550,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2022 07/09/22 Sold $3,500,000 -2.8% $407 / Sq Ft
04/15/2022 04/15/22 Pending -- -- --
03/29/2022 03/29/22 Price Changed $3,600,000 -2.6% $419 / Sq Ft
09/13/2021 09/13/21 For Sale $3,695,000 0.0% $430 / Sq Ft
06/02/2013 06/02/13 Rented $2,100 -12.5% --
05/03/2013 05/03/13 Under Contract -- -- --
02/18/2013 02/18/13 For Rent $2,400 -- --
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 $18,412 $3,282 $681 $2,601
2024 $18,412 $3,097 $624 $2,473
2023 $60,677 $3,060 $616 $2,444
2022 $60,677 $3,380 $681 $2,699
2021 $64,243 $3,459 $800 $2,659
2020 $60,708 $4,923 $2,119 $2,804
2019 $17,406 $5,274 $2,128 $3,146
2018 $43,804 $5,626 $0 $0
2017 $42,163 $5,626 $1,977 $3,649
2016 $58,681 $6,137 $1,845 $4,292
2015 $16,287 $6,460 $1,766 $4,694
2014 $16,287 $6,460 $1,766 $4,694
2013 $17,983 $7,549 $2,064 $5,485
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3345047

OneKey® MLS

APN: 2411-30-084-00-0044-0