by RH Advisors

Check Availability
Rye 10580 Rye
506 Midland Avenue
$1,249,000
● House - In Contract

506 Midland Avenue

Rye City, NY 10580
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,630 Ft²
$8,173
Est. Monthly
4.24%
Cap Rate

About This Property

Nestled in the heart of prestigious Rye, NY, this beautifully renovated home masterfully blends classic character with sophisticated modern updates. Bathed in natural light, the open-concept living space showcases pristine white cabinetry, striking granite countertops, and a layout designed for both everyday living and stylish entertaining. The bathrooms have been thoughtfully reimagined with high-end finishes, preserving the home's original architectural details while offering a seamless fusion of heritage and luxury. Step outside into your private backyard oasis, featuring a generous lawn and a detached two-car garage-perfect for relaxation, play, or hosting gatherings. Discover timeless elegance paired with modern comfort in one of Rye's most sought-after neighborhoods. The builder is selling the property as is and will not be completing any additional work. The price has been adjusted to to reflect this.
Unit Size
1,630 Ft²
Days on Market
-
Land Size
0.84 acres
Price per sqft
$766
Property Type
House
Property Taxes
$2,040
HOA Dues
-
Year Built
1925

Listed By

Payment Calculator

Cap Rate Calculator

Last updated: 10 months ago (OneKey MLS #KEY855987)

Price History

Date / Event Date Event Price
Jan 21, 2026 In contract -
In contract
Oct 23, 2025 Price Decreased $1,249,000
↓ $150K (10.7%)
Price Decreased
Sep 20, 2025 Price Decreased $1,399,000
↓ $99K (6.6%)
Price Decreased
Aug 7, 2025 Listed by Houlihan Lawrence Inc. $1,498,000
Listed by Houlihan Lawrence Inc.
Jul 24, 2025 Temporarily off market -
Temporarily off market
Show More

Property Highlights

Elevator
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Parking Features: Garage
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Elevator
Appliances: Dishwasher, Range, Refrigerator
Flooring Type: Hardwood
Rooms: 6
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Full, Walk-Out Access
Exterior Details
Square Footage: 1630
Square Footage Source: $0
Architectural Style: Colonial
Year Built: 1925
Building Area Total: 1621
Building Area Units: Square Feet
Construction Materials: Stucco
Lot Features: Near Public Transit, Near Shops
Lot Size Area: 36590
Lot Size Units: Square Feet
Lot Size Acres: 0.84
Lot Size Square Feet: 36590
Water Source: Public
Financial Details
Tax Assessed Value: $20,200
Tax Annual Amount: $24,482
Utilities Details
Cooling Type: Central Air
Heating Type: Hot Water, Natural Gas
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 36,590
  • Total Building Area: 1,621
  • Building Area: 1,621
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,621
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000840
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Rye City School District
  • School Tax School District: RYE
  • Census Tract: 007700

Zoning

  • Zoning: R3

Geography

  • District: 551400
  • Section: 146.08
  • Parcel: 551400 146-8-1-48
  • Block: 1
  • Lot: 48.000
  • Municipality: RYE
  • Latitude: 40.983
  • Longitude: -73.6757

    Address

  • Full Address: 506 Midland Ave
  • Address - House Number: 506
  • Address - Street Name: Midland
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Rye
  • Carrier Code: C007
  • 4-Digit Zip Code: 3916
  • Zip Code: 10580

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,259,054
  • Tax Rate Code Area: 551400

    Appraisal Valuation

  • Standard Deviation: 0.221
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 69
  • Final Value: 1,493,077
  • High Value: 1,823,196
  • Low Value: 1,162,959

    Market Valuation

  • Market Total Value: $1,565,891
  • Market Land Value: $453,488
  • Market Improvement Value: $1,112,403

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $20,200
  • Assessed Land Value: $5,850
  • Assessed Improvements Value: $14,350

    Sales

  • Current Sale Contract Date: Aug 31, 2005
  • Current Sale Recording Date: Dec 13, 2005
  • Current Sale Price:
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 0453250662
  • Previous Sale Recording Date: May 18, 2004
  • Previous Sale Contract Date: Jan 21, 2004
  • Previous Sale Amount: $725,000
  • Previous Sale Document Type: 12
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Rye


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 11 Hillside Place, Rye, NY, 10580

$5,400 /mo

  • 3 Beds
  • 2 Baths
  • 1,410 ft²
11 Hillside Place, Rye, NY, 10580 Listing by Jennifer L. Palermo
Unit for rent at 125 Central Avenue, Rye, NY, 10580

$5,795 /mo

  • 4 Beds
  • 2 Baths
  • 1,794 ft²
125 Central Avenue #C9, Rye, NY, 10580 Listing by Taylor Boynton


Frequently Asked Questions

When was property at 506 Midland Avenue built and last sold?
The property at 506 Midland Avenue was built in 1925 and last sold on Aug 31, 2005 for $1,200,000.
How much is this home worth?
The estimated value of the home located at 506 Midland Avenue is $1,289,394.
What are some comparable homes to 506 Midland Avenue?
There are currently no comparable homes to 506 Midland Avenue.