by RH Advisors

See Home Value
$1,350,000
House - Off Market

5 W Terrace Road

Great Neck, NY 11021
bedrooms
4 Beds
bathrooms
3 Baths
$1,463,777
RealtyHop Estimate
6.46%
Since Aug 1, 2022
NY-New York
Primary Model

About This Property

Beautifully landscaped yard, meticulously maintained, perched up high, this expanded brick 4 bedroom/3 bath house has tastefully renovated  kitchen and baths.  It is located within the Great Neck Park district with access to all amenities and schools.  Primary suite on main level with full bath and fireplace! New roof and windows, hardwood floors, ductless ac, and finished basement add value and charm to this magnificent home.
Unit Size
-
Days on Market
92 days
Land Size
0.31 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,348
HOA Dues
-
Year Built
1932
Last updated: 8 months ago (OneKey MLS #3389557)

Price History

Date / Event Date Event Price
Jul 7, 2022 Sold $1,350,000
Sold
May 8, 2022 No longer available -
No longer available
May 6, 2022 In contract -
In contract
Apr 6, 2022 Listed by Compass Greater NY LLC $1,375,000
Listed by Compass Greater NY LLC
Sep 8, 1999 Sold to Mark Storozum, Pamela Storozum $550,000
Sold to Mark Storozum, Pamela Storozum

Property Highlights

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1932
  • Effective Year Built: 1932
  • Total Rooms: 8
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Other
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Slate
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 0
  • Garage Type: Underground/basement
  • Parking Space Count: 1
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 13,634
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,050
  • Total Building Area: 2,212
  • Building Area: 2,212
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,212
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.313
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TOWN #2 SCH DIST 007

Ownership

  • Current Owner : SHAFFER MATTHEW
  • Current Owner 2: CHEN CECELIA
  • Previous Owner : STOROZUM MARK
  • Previous Owner 2: STOROZUM PAMELA
  • Owner Before Previous Owner: NAPOLITANO DIANNA
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Great Neck Union Free School District
  • School Tax School District: 007
  • School Tax District Code 2: GN
  • Census Tract: 300400

Geography

  • District: 282209
  • Section: 2
  • Parcel: 02-179-00-0343
  • Block: 179
  • Lot: 343
  • Municipality: GREAT NECK
  • Latitude: 40.7966
  • Longitude: -73.7155

    Address

  • Full Address: 5 W Terrace Rd
  • Address - House Number: 5
  • Street Direction: W
  • Address - Street Name: Terrace
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Great Neck
  • Carrier Code: C021
  • 4-Digit Zip Code: 1513
  • Zip Code: 11021

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $14,869
  • Tax Rate Code Area: 817

    Appraisal Valuation

  • Standard Deviation: 0.2274
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 68
  • Final Value: 1,367,074
  • High Value: 1,678,020
  • Low Value: 1,056,128

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,080,000
  • First Open Lien Mortgage Lender: JOVIA FINANCIAL FCU
  • First Open Lien Mortgage Recording Date: Jul 18, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,080,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2052

    Market Valuation

  • Market Total Value: $963,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $963
  • Assessed Land Value: $636
  • Assessed Improvements Value: $327

    Sales

  • Current Sale Contract Date: Jul 07, 2022
  • Current Sale Recording Date: Jul 18, 2022
  • Current Sale Transaction ID: 11892343695
  • Current Sale Price: $1,350,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2022-75440
  • Previous Sale Recording Date: Sep 08, 1999
  • Previous Sale Contract Date: Aug 30, 1999
  • Previous Sale Amount: $550,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: JOVIA FINANCIAL FCU
  • First Mortgage Transaction Date: Jul 18, 2022
  • First Mortgage Loan Amount: $1,080,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2052

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: MAGELLAN HOME LOANS LTD
  • Previous Mortgage Transaction Date: Sep 08, 1999
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $320,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Sep 01, 2029



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
3 Baths
-
$1,050,000 Feb 21, 2021
$1,050,000 Jun 4, 2021
$1,250/mo
House
4 Beds
2 Baths
-
$1,200,000 Jul 26, 2021
$1,200,000 May 27, 2022
$1,677/mo
House
4 Beds
3 Baths
-
$1,040,000 Apr 29, 2021
$1,040,000 Aug 2, 2021
$1,325/mo
House
4 Beds
4 Baths
-
$1,515,000 Mar 15, 2019
$1,515,000 Aug 13, 2020
$1,872/mo
House
5 Beds
4 Baths
-
$1,460,000 Jun 5, 2020
$1,460,000 Aug 20, 2020
$1,578/mo
House
3 Beds
3 Baths
-
$1,150,000 Mar 8, 2021
$1,150,000 Jul 21, 2021
$1,081/mo
In Contract
House
4 Beds
3 Baths
-
$1,368,000 Mar 8, 2023
-
$1,483/mo
In Contract
House
4 Beds
3 Baths
-
$1,290,000 May 30, 2023
-
$1,116/mo
House
3 Beds
3 Baths
-
$1,290,000 Jun 23, 2023
-
$1,796/mo
House
5 Beds
4 Baths
-
$1,388,000 May 19, 2023
-
$1,352/mo
House
3 Beds
3 Baths
-
$1,438,888 Jun 13, 2023
-
$1,865/mo
In Contract
House
5 Beds
4 Baths
-
$1,225,000 May 5, 2023
-
$1,531/mo

About Great Neck


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Frequently Asked Questions

When was property at 5 West Terrace Road built and last sold?
The property at 5 West Terrace Road was built in 1932 and last sold on Jul 7, 2022 for $1,350,000.
How much is this home worth?
The estimated value of the home located at 5 West Terrace Road is $1,388,750.
What are some comparable homes to 5 West Terrace Road?
There are currently no comparable homes to 5 West Terrace Road.

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