When was property at 40 Palane South built and last sold?

The property at 40 Palane South was built in 1998 and last sold on Sep 15, 2023 for $300,000.

How much is this home worth?

The estimated value of the home located at 40 Palane South is $755,819.

What are some comparable homes to 40 Palane South?

There are currently no comparable homes to 40 Palane South.

Baiting Hollow

11933

40 Palane S

$731,500

● House - Off Market

40 Palane S

Riverhead, NY 11933

6 Beds

3 Baths, 1 Half Bath

3,214 Ft²

$794,604

RealtyHop Estimate

6.09%

Since Jan 1, 2023

National-US

Primary Model

About This Property

Sprawling 6 bedroom, 3.5 bath home in the prestigious Marlwood section of Baiting Hollow, north of Sound Avenue with easy access to a deeded beach. It is conveniently located between the Friars Head and Baiting Hollow Golf Clubs. This custom-built home has been lovingly maintained by the original owner. The layout, with a separate wing that has its own entrance, 2 bedrooms, full bath, sitting room with wet bar, is perfect for an extended family or guests. Sitting on an acre of property this home is an entertainer's paradise with a beautiful inground pool and a huge deck, which is accessible from several rooms. The house is approximately 3200 sqft not including the 2.5 car garage or the massive basement. Finishing the basement with proper permits would increase the square footage close to 5000! With solar panels, 3 zones for heat and central air, and a pellet stove, this home is very economical to operate. Conveniently located at the gateway to the North Fork WIne Country!, Additional information: Interior Features:Lr/Dr,Separate Hotwater Heater:Yes

Unit Size

3,214 Ft²

Days on Market

Land Size

1.01 acres

Price per sqft

$233

Property Type

House

Property Taxes

$1,144

HOA Dues

Year Built

1998

Payment Calculator

Cap Rate Calculator

Last updated: 6 months ago (OneKey MLS #KEYL3429811)

Price History

Date / Event	Date	Event
Nov 2, 2023	Sold	Premium
Sold
May 16, 2023	Sold	Premium
Sold
Dec 7, 2022	Sold	Premium
Sold
Oct 10, 2022	In contract	-
In contract
Sep 12, 2022	Listed by Douglas Elliman Real Estate	$749,000
Listed by Douglas Elliman Real Estate
Mar 15, 1999	Sold	Premium
Sold

Property Highlights

Garage

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 1998

Effective Year Built: 1998
Total Rooms: 12
Bedroom Count: 6
Bathroom Count: 4
Full Bathrooms: 3
Partial Bathrooms: 4
Building Condition: 6
Building Quality: 7
Construction Type: 0
Building Style: 5
Exterior Walls Type: 19
Interior Walls Type: 0
Roof Shape Type: 0
Roof Cover Type: 0
Floor Count: 200
Floor Cover: 0
Basement Type: 2
Basement Area: 0
Garage Type: 1
Garage Square Area: 546
Parking Space Count: 2
Patio Type: 0
Porch Type: 6
Pool Type: 10

Dimensions

Lot Size Square Feet: 43,996

Lot Size Frontage Feet: 1,502
Total Building Area: 3,214
Building Area: 3,214
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 10
Heated Square Feet: 3,214
Heating Fuel Type: 6

Utilities

Sewer System: 0

Water Service: 5

Building

Building Type: 0

Property Class: R
Subdivision: MAP MARLWOOD BAITING HOLLOW SECTION 2
Land Acres: 0000001010
Standard Land Use Code: 1001
County Land Use Code: 210
Legal Description 1: *6283 SEC 2 LT 32 MARLWOOD OF BAITING HOLLW

Neighborhood

School District Name: Riverhead Central School District

School Tax School District: RIVERHEAD
Census Tract: 169703

Zoning

Zoning: RA80

Geography

Account Number: 17

District: 0600-0
Section: 40.00
Parcel: 0600-040.00-02.00-012.025
Block: 2
Lot: 12.025
Municipality: RIVERHEAD
Latitude: 40.9654
Longitude: -72.7388

Address

Full Address: 40 Palane S

Address - House Number: 40
Street Segment Direction: S
Address - Street Name: Palane
State: NY
City Name: Calverton
Carrier Code: R003
4-Digit Zip Code: 1239
Zip Code: 11933

Valuation

Tax

Tax Year: 2023

Tax Amount: $1,302,210
Tax Rate Code Area: 473002

Appraisal Valuation

Standard Deviation: 0.1458

Valuation Date: Mar 13, 2024
Confidence Score: 82
Final Value: 730,367
High Value: 836,919
Low Value: 623,815

Market Valuation

Market Total Value: $736,276

Market Land Value: $148,547
Market Improvement Value: $587,729

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $68,400
Assessed Land Value: $13,800
Assessed Improvements Value: $54,600

Exemptions

Veteran Exemption: Yes

Sales

Current Sale Contract Date: Sep 15, 2023

Current Sale Recording Date: Nov 02, 2023
Current Sale Price:

Premium
Current Sale Document Type: 27
Previous Sale Recording Date: May 16, 2023
Previous Sale Contract Date: Dec 07, 2022
Previous Sale Amount: $731,500
Previous Sale Document Type: 27

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Baiting Hollow

Stats & Trends

Median Asking:

$692,500

Sale Price/ft²

$461

Below Asking

0.03%

Average Days on Market

Average Home Size

1362 ft²

Average Home Age

47 years

Currently For Sale

25 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1834a Edwards Avenue, Baiting Hollow, NY, 11933

$7,500 /mo

3 Beds
1 Bath
1,344 ft²

1834a Edwards Avenue, Baiting Hollow, NY, 11933 Listing by Valerie Goode

Unit for rent at 24 Cliff Way, Baiting Hollow, NY, 11933

$4,000 /mo

2 Beds
1 Bath
672 ft²

24 Cliff Way, Baiting Hollow, NY, 11933 Listing by Valerie Goode

Unit for rent at 52 Summit Drive, Baiting Hollow, NY, 11933

$5,000 /mo

3 Beds
2 Baths
2,256 ft²

52 Summit Drive, Baiting Hollow, NY, 11933 Listing by Valerie Goode

Rentals Near You

Click here to view more rentals in the neighborhood.

Last Updated: 6 months ago
Data Source: OneKey MLS

40 Palane S

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About Baiting Hollow

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions