NOT LISTED FOR SALE

8 Summit Ave Rye, NY 10580

8 Beds
4 Baths
2,240 Sq Ft
5,101 Sq Ft Lot

Last Sold April 05, 2022

Last sale price $1,140,000 $509 Per Sq Ft

87 Days on Market

Highlights

  • Colonial Architecture
  • Cooling System Mounted In Outer Wall Opening
  • Level Lot
  • Rye Middle School Rated A+
  • Hot Water Heating System

About This Home

As of April 2022

Opportunity knocks. Fantastic investment property. 4 family home in Rye, apartments updated. Where can you find such a gem, don't miss it! Quiet, private street close to town. The location of the house is Prime, walk to all! Borders wooded area for those seeking tranquil living. Spacious apartments. Wood floors, huge closets. 1st fl-1bdrm, 1 bth, EIK, Living Room, Sun Porch, Huge closets; 2nd fl-2/3 bdrms, large EIK, Living Room, Dining Room/Bdrm, Sun Porch and great deck for entertaining and enjoying the peaceful surroundings; 3rd fl-3 bdrms, 1 bth, EIK, Living Room; 4th fl-1 bdrm, 1 bth, Large EIK, Living Room, Office, 2 incredible dormer closets. Owner pays heat, water, snow removal, landscaping. Tenant pays gas and electric which also includes hot water, cable/satellite/internet and phone. Laundry and storage room. Non-smoking building/property. Ample parking in front of house. Massive garage currently used for storage 20 X 40, 8' Ceilings, 12' pitch. A must see, a true money maker in Rye. Fabulous established tenants, have been there for years.

Last Agent to Sell the Property

Kathryn Grainger Hobbins

Houlihan Lawrence Inc. License #30GR0993947 Listed on: 10/25/2021

Houlihan Lawrence Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,262

Year Built

  • Built in 1932

Lot Details

  • 5,101 Sq Ft Lot
  • No Common Walls
  • Level Lot

Home Design

  • 2,240 Sq Ft Home
  • Colonial Architecture
  • Frame Construction
  • Aluminum Siding

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Assigned Parking

Schools

  • Osborn Elementary School
  • Rye Middle School
  • Rye High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Heating System
  • Heating System Uses Oil
  • Electric Water Heater

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 1400-146-010-00001-000-0025

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,262

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Year Built: 1932
  • Attribution Contact: 914-967-7680
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Basement: Unfinished
  • Total Bedrooms: 8
  • Living Area: 2240.00
  • Square Footage: 2240.00

Exterior Features

  • Construction Materials: Frame, Aluminum Siding

Garage/Parking

  • Total Parking Spaces: 4.00
  • Attached Garage: No
  • Garage: No
  • Parking Description: Assigned

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Oil, Hot Water
  • Hot Water: Electric Stand Alone
  • Sewer: Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Additional Fee: No

Schools

  • Middle School: Rye Middle School

Lot Info

  • Lot Size Acres: 0.1200
  • Lot Size Sq Ft: 5101.00
  • Lot Size Units: Acres
  • Lot Features: Level
  • Parcel Number: 1400-146-010-00001-000-0025
  • Property Attached: No

Rental Info

  • Tenant Pays: Electricity, Gas

Tax Info

  • Close Date: 2022-04-05
  • Tax Annual Amount: 14262.00
  • Tax Map Number: 1400-146-010-00001-000-0025

Multi Family

  • Units Total: 4
  • 1 Bedrooms: 2
  • Three Bedrooms: 2
  • Separate Electric Meters: 4
  • Separate Gas Meters: 4

MLS Schools

  • Elementary School: Osborn School
  • High School: Rye High School
  • Middle School District: Rye

Range of Values:

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Value Increase
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Percent Increase
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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

Property History

Date Event Price List to Sale Price per Sq Ft
04/05/2022 04/05/22 Sold $1,140,000 -8.8% $509 / Sq Ft
01/20/2022 01/20/22 Pending -- -- --
10/25/2021 10/25/21 For Sale $1,250,000 -- $558 / Sq Ft
Source: OneKey® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kathryn Grainger Hobbins

    Seller's Agent in 2022

    Kathryn Grainger Hobbins

    Houlihan Lawrence Inc.

    (914) 548-1657

    5 in this area

    10 Total Sales

    Kathryn Grainger Hobbins
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Map

Source: OneKey® MLS

MLS Number: KEY6142579

OneKey® MLS
New York Westchester County Rye 10528

8 Summit Ave, Rye, NY

Not Listed for Sale

MultiFamily

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