NOT LISTED FOR SALE

980 Forest Ave Rye, NY 10580

Estimated Value: $7,904,000 - $9,342,000

6 Beds
8 Baths
8,145 Sq Ft
$1,061/Sq Ft Est. Value

Last Sold August 10, 2023

Last sale price $7,600,000 $933 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $55,125/month

8 Days on Market

Highlights

  • Eat-In Gourmet Kitchen
  • Waterfront
  • Colonial Architecture
  • Rye Middle School Rated A+
  • 1 Acre Lot
  • Deck

About This Home

As of August 2023

With spectacular direct water views from all levels on desirable Milton Point, this Hamptons style shingle home offers the ultimate in lifestyle and luxury. 980 Forest Ave offers 6 bedrooms, 6 full and 2 half bathrooms, exquisite custom finishes throughout, 3 fireplaces, and a lavish lower level with wet bar, home theater, yoga studio, wine cellar, bedroom and bath and recreation room. The rare 1 acre property is prized for the beautifully constructed and proportioned home, expansive terraces, large raised vegetable garden with irrigation, landscaped pond with fountain and of course the treasured water views.

Last Agent to Sell the Property

Jennifer Holmes

Julia B Fee Sothebys Int. Rlty License #40HO0856713 Listed on: 05/16/2023

Julia B Fee Sothebys Int. Rlty

Last Buyer's Agent

Patti Neave

Compass Greater NY, LLC License #40NE1020349

Compass Greater NY, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $108,986

Year Built

  • Built in 2015

Lot Details

  • 1 Acre Lot
  • Waterfront
  • Level Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Advanced Framing
  • Shake Siding
  • Stone Siding
  • Cedar

Interior Spaces

  • 8,145 Sq Ft Home
  • 3-Story Property
  • Cathedral Ceiling
  • 3 Fireplaces
  • Casement Windows
  • Entrance Foyer
  • Formal Dining Room
  • Wood Flooring
  • Water Views
  • Walk-Out Basement

Kitchen

  • Eat-In Gourmet Kitchen
  • Kitchen Island
  • Marble Countertops

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • Powder Room
  • Marble Bathroom Countertops
  • Double Vanity
  • Soaking Tub
  • Steam Shower

Home Security

  • Home Security System
  • Fire Sprinkler System

Outdoor Features

  • Deck

Schools

  • Milton Elementary School
  • Rye Middle School
  • Rye High School

Utilities

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

Listing and Financial Details

  • Exclusions: See Remarks
  • Assessor Parcel Number 1400-153-014-00001-000-0046

Home Details

Home Type

Single Family

Est. Annual Taxes

$108,986

Year Built

Built in 2015

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Architectural Style: Colonial
  • Property SubType: Single Family Residence
  • Levels: Three Or More
  • Exclusions: See Remarks
  • Year Built: 2015
  • Village: None
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Cathedral Ceiling(s), Chefs Kitchen, Double Vanity, Eat-in Kitchen, Formal Dining, Entrance Foyer, Kitchen Island, Marble Bath, Marble Counters, Pantry, Powder Room, Soaking Tub, Steam Shower, Walk-In Closet(s)
  • Living Area Units: Square Feet
  • Fireplaces: 3
  • Flooring: Hardwood
  • Common Walls: No Common Walls
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Basement: Walk-Out Access
  • Inclusions: See Remarks
  • Total Bedrooms: 6
  • Fireplace: Yes
  • Living Area: 8145
  • Window Features: Casement
  • AtticDescription: Finished,Pull Stairs
  • SquareFootage: 8145.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Advanced Framing Technique, Cedar, Shake Siding, Stone
  • Waterfront Features: Waterfront
  • View: Other, Water
  • Patio and Porch Features: Deck
  • View YN: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Garage: Yes
  • Parking Description: Attached, 2 Car Attached

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Security: Security System, Fire Sprinkler System
  • Sewer: Public Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: Gas Stand Alone
  • NumberOfHeatingZones: 6

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Rye Middle School

Lot Info

  • Lot Size Acres: 1
  • Lot Size Sq Ft: 43560
  • Lot Size Units: Acres
  • Lot Features: Level
  • Parcel Number: 1400-153-014-00001-000-0046
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No

Tax Info

  • Tax Annual Amount: 108986
  • Tax Map Number: 1400-153-014-00001-000-0046
  • IncludedInTaxes: Sewer,Trash

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2023
Closed on
Aug 10, 2023
Sold by
Tomaino Michael T
Bought by
Romano Nathan and Stine Welhaven
Seller's Agent
Jennifer Holmes
Julia B Fee Sothebys Int. Rlty
Buyer's Agent
Patti Neave
Compass Greater NY, LLC
List Price
$7,795,000
Sold Price
$7,600,000
Premium/Discount to List
-$195,000
-2.5%
Views
48
Current Estimated Value
$8,643,059

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,043,059
Avg. Annual Appreciation
5.55%

Purchase Details

Listed on
Apr 14, 2015
Closed on
Sep 21, 2015
Sold by
980 Forest Llc
Bought by
Tomaino Michael T
Seller's Agent
Christina Murphy
Julia B Fee Sothebys Int. Rlty
Buyer's Agent
Kathryn Delaney
Houlihan Lawrence Inc.
List Price
$7,195,000
Sold Price
$7,000,000
Premium/Discount to List
-$195,000
-2.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.05%

Purchase Details

Closed on
Jun 20, 2014
Sold by
Schubert Rita K
Bought by
980 Forest Llc

Purchase Details

Closed on
Aug 18, 2010
Sold by
Schubert Robert W and Schubert Rita K
Bought by
Schubert Rita K

Purchase Details

Closed on
Apr 1, 2003
Sold by
Schubert Robert W
Bought by
Schubert Robert W and Schubert Rita K
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 Buyer Sale Price Title Company
Romano Nathan $7,600,000 First American Title Insurance
Tomaino Michael T $7,028,000 Chicago Title Insurance Co
980 Forest Llc $3,800,000 Titlepro Agency Llc
Schubert Rita K -- None Available
Schubert Robert W -- The Title Guarantee Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/10/2023 08/10/23 Sold $7,600,000 -2.5% $933 / Sq Ft
05/25/2023 05/25/23 Pending -- -- --
05/16/2023 05/16/23 For Sale $7,795,000 +11.4% $957 / Sq Ft
09/21/2015 09/21/15 Sold $7,000,000 -2.7% $859 / Sq Ft View Prior Sale
06/15/2015 06/15/15 Pending -- -- --
04/14/2015 04/14/15 For Sale $7,195,000 -- $883 / 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 $118,095 $95,750 $15,000 $80,750
2023 $111,745 $98,500 $15,000 $83,500
2022 $108,239 $98,500 $15,000 $83,500
2021 $107,918 $98,500 $15,000 $83,500
2020 $106,601 $98,500 $15,000 $83,500
2019 $43,320 $98,500 $15,000 $83,500
2018 $78,831 $98,500 $15,000 $83,500
2017 $25,237 $98,500 $15,000 $83,500
2016 $40,300 $98,500 $15,000 $83,500
2015 -- $98,500 $15,000 $83,500
2014 -- $45,950 $15,000 $30,950
2013 -- $45,950 $15,000 $30,950
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6247742

OneKey® MLS

APN: 1400-153-014-00001-000-0046