NOT LISTED FOR SALE

87 Valley Ave Locust Valley, NY 11560

Estimated Value: $1,022,961 - $1,058,000

3 Beds
2 Baths
1,589 Sq Ft
$655/Sq Ft Est. Value

Last Sold October 11, 2023

Last sale price $950,000 $598 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $6,243/month

25 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Private Lot
  • Locust Valley High School Rated A
  • Property is near public transit
  • Cathedral Ceiling

About This Home

As of October 2023

Totally renovated and extended pristine Colonial in the heart of Locust Valley Hamlet. A labor of love, prepared to be swept away with many amenities and upgrades the home features 3 bedroom 2 full baths with room to expand ,if needed, Brazilian cherry hardwood floors, formal dining with bay window and hardwood floors, renovated Gourmet eat in kitchen with Quartz counter tops, custom tile back splash, ceramic wood floors, stainless steel appliances, Viking refrigerator, eat in kitchen has custom custom cabinetry and hardware, sliding doors out to the Trek deck with an outdoor BBQ full kitchen. Den with custom hardwood floors, custom wood mantel and custom moldings and stone on the gas fireplace, custom French wood doors to the brick patio, Trex deck surrounded by custom brick, first floor bedroom with closet and wood floors, new full bath with heated bidet, custom oak wood staircase to the second floor with 2 bedrooms with updated full bath. full basement with lots of storage, the front door has amazing character vintage with beautiful wood, so many great features a must see, the private oasis with custom gas BBQ & outdoor kitchen, Pizza oven with firepit, all brick around the trex deck and property, Hot tub on this spacious deck. Great home for entertaining guest, enjoy the outdoor Alfresco dining, specimen trees and emerald, green landscaping, wrought iron gates to the 1 car garage, Solar panels. Generac generator, low taxes.

Last Agent to Sell the Property

Carolina Boucos

Daniel Gale Sothebys Intl Rlty Brokerage Phone: 516-759-4800 License #30BO1057423 Listed on: 06/23/2023

Daniel Gale Sothebys Intl Rlty

Co-Listed By

Janine Fakiris

Daniel Gale Sothebys Intl Rlty Brokerage Phone: 516-759-4800 License #10401218643

Last Buyer's Agent

Catherine Marchesano

Signature Premier Properties License #10401204386

Signature Premier Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,974

Year Built

  • Built in 1947 | Remodeled in 2022

Lot Details

  • 10,080 Sq Ft Lot
  • Lot Dimensions are 60x152
  • North Facing Home
  • Private Entrance
  • Private Lot
  • Level Lot
  • Sprinkler System

Parking

  • 1 Car Attached Garage

Home Design

  • Colonial Architecture
  • Frame Construction
  • Shake Siding
  • Cedar

Interior Spaces

  • 2-Story Property
  • Cathedral Ceiling
  • Skylights
  • 1 Fireplace
  • Formal Dining Room
  • Den
  • Storage
  • Basement Fills Entire Space Under The House
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • <<OvenToken>>
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio
  • Porch

Location

  • Property is near public transit

Schools

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

Utilities

  • Central Air
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Cesspool

Listing and Financial Details

  • Exclusions: Chandelier(s)
  • Legal Lot and Block 8 / M01
  • Assessor Parcel Number 2489-29-M-01-0008-0

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,974

Year Built

Built in 1947 | Remodeled in 2022

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Architectural Style: Colonial
  • Property SubType: Single Family Residence
  • Property Condition: Diamond
  • Levels: Two
  • Exclusions: Chandelier(s)
  • Year Built: 1947
  • New Construction: No
  • Year Built Effective: 2022
  • Attribution Contact: 516-759-4800
  • Co List Office Mls Id: ONEGALE07
  • Co List Office Phone: 516-759-4800
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2022

Interior Features

  • Appliances: Dishwasher, Dryer, Oven, Refrigerator, Washer
  • Interior Amenities: Master Downstairs, Cathedral Ceiling(s), Den/Family Room, Eat-in Kitchen, Formal Dining, Storage
  • Living Area Units: Square Feet
  • Fireplaces: 1
  • Flooring: Hardwood, Wall To Wall Carpet
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Basement: Full
  • Inclusions: Alarm System,Dishwasher,Door Hardware,Dryer,Gas Grill,Generator,Mailbox,Refrigerator,Shed,Washer
  • Total Bedrooms: 3
  • Fireplace: Yes
  • Window Features: Skylight(s)
  • AtticDescription: None
  • NumberOfKitchens: 1

Exterior Features

  • Direction Faces: North
  • Construction Materials: Frame, Cedar, Shake Siding
  • Exterior Features: Private Entrance, Sprinkler System
  • Patio and Porch Features: Deck, Patio, Porch
  • FloodZoneReportYN: 0

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Description: Private, Attached, 1 Car Attached

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Natural Gas, Baseboard, Hot Water
  • Security: Security System
  • Sewer: Cesspool
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: Gas Stand Alone

Association/Amenities

  • Community Features: Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Locust Valley Middle School

Lot Info

  • Lot Size Acres: 0.23
  • Lot Size Area: 0.23
  • Lot Dimensions: 60x152
  • Lot Size Sq Ft: 10080
  • Lot Size Units: Acres
  • Lot Features: Level, Near Public Transit, Private
  • Parcel Number: 2489-29-M-01-0008-0
  • Zoning Description: Residential
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No
  • Available Date: 2023-09-30

Tax Info

  • Tax Annual Amount: 16974.45
  • Tax Block: M01
  • Tax Lot: 8
  • Tax Map Number: 2489-29-M-01-0008-0
  • IncludedInTaxes: Trash

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
Jun 23, 2023
Closed on
Oct 11, 2023
Sold by
Ricciardi Michael and Ricciardi Sallyann
Bought by
Craft Jason
Seller's Agent
Carolina Boucos
Daniel Gale Sothebys Intl Rlty
Buyer's Agent
Catherine Marchesano
Signature Premier Properties
List Price
$1,100,000
Sold Price
$950,000
Premium/Discount to List
-$150,000
-13.64%
Views
301
Current Estimated Value
$1,040,481

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,481
Avg. Annual Appreciation
4.25%
Original Mortgage
$676,637
Outstanding Balance
$665,579
Interest Rate
7.31%
Mortgage Type
FHA
Estimated Equity
$355,350
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
Craft Jason $950,000 First American Title Ins Co
Craft Jason $950,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Craft Jason $676,637
Closed Craft Jason $676,637
Previous Owner Ricciardi Michael $218,762
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2023 10/11/23 Sold $950,000 -4.9% $598 / Sq Ft
07/19/2023 07/19/23 Pending -- -- --
06/28/2023 06/28/23 Price Changed $999,000 -9.2% $629 / Sq Ft
06/23/2023 06/23/23 For Sale $1,100,000 -- $692 / 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 $5,763 $603 $311 $292
2024 $5,763 $617 $319 $298
2023 $16,075 $641 $331 $310
2022 $16,075 $641 $331 $310
2021 $16,596 $626 $323 $303
2020 $17,387 $1,303 $874 $429
2019 $17,435 $1,303 $874 $429
2018 $16,339 $1,295 $0 $0
2017 $8,841 $1,295 $874 $421
2016 $14,696 $1,295 $874 $421
2015 $5,209 $1,295 $874 $421
2014 $5,209 $1,295 $874 $421
2013 $4,757 $1,295 $874 $421
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3484320

OneKey® MLS

APN: 2489-29-M-01-0008-0