Elmont is waiting for a multipurpose complex with strong home sales


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scoop

Known as the gateway to Long Island, Elmont is home to the UBS Arena, a multi-purpose complex under construction that is ready to change the region, hugging the Queens-Nassau border.

The Belmont Park site hosts sporting events, including all New York Islanders home games. The complex is set to open later this year, with 250 rooms and 350,000 square feet of retail space, according to Newsday reports. Belmont Park is already home to Thoroughbred Horse Racing and the annual Belmont Stakes.

In line with the Belmont Park project, LIRR is building Elmont Station with the goal of starting operations in October.

Bobby McLeod of Unlimited Homes Realty says the homes here are above the asking price. “New homes sell for over $ 700,000,” he says. Colonial and Cape are the most sought after in the active resale market, and most Elmont homes are within walking distance of the store, says MacLeod.

“Elmont is a very diverse and family-friendly community that values ​​quality of life, education and opportunities for all and maintains a great balance of harmonious ethnic groups,” said Carrié Solages, Nassau County Congressman. I am.

Elmont’s Italian restaurant, King Umberto, was named to Newsday’s 2020 Long Island Top 100 Restaurant List.

Condos and co-operatives

There is one condo on the market and the price is $ 439,000.

Sale price

Between December 31, 2019 and January 31, 2021, there were 271 home sales with a median selling price of $ 515,000, according to OneKey MLS. The lowest price during that period was $ 89,000 and the highest price was $ 980,000. During that period a year ago, there were 331 home sales at a median selling price of $ 475,000. Prices ranged from $ 219,000 to $ 785,000.

Other statistics

Town Hempstead

Area 3.4 square miles

Postal code 11003

Population 35,824

Median age 39.2

Median household income $ 104,671

Median Home Price $ 522,500 *

Monthly LIRR ticket from Floral Park $ 270

School District Most students attend Elmont

Graduation rate 95% (NYS average 83%)

Parks Elmont Road Park, Hendrickson Avenue Park, Dutch Broadway Park

Library Elmont Memorial Library

Transit Nassau Intercounty Express Bus Line 6, 1

Source: 2018 American Community Survey 5-year quote. OneKey MLS; LIRR, nicebus.com

* Based on 152 sales over the last 6 months, according to OneKey MLS

Now on the market

$ 1,450,000

This refurbished 4-bedroom, 4-bathroom stone and brick cape comes with an underground pool, two car garages, and a Tesla charger. The steam shower, sauna and gym are in separate buildings. The tax is $ 11,300. Kay Mi Kyung Kwak, Laffey Real Estate, 718-347-3202.

$ 749,000

Located on 65 x 100 feet, this refurbished 4-bedroom, 2½ bathroom colonial features open floor plans, underfloor heating in all bathrooms, custom wide plank flooring, 200 amps of electrical service, and a separate one. Features-Car Garage. The tax is $ 10,845. Sandra Pino, Douglas Elliman Real Estate, 516-354-6500.

$ 439,000

This 3-bedroom, 3½-bathroom condo, part of the Carriage Townhouse Complex, has recently been refurbished with mahogany hardwood floors, cherrywood cabinets, marble countertops and tile floors, and a finished basement. It features a new shiny kitchen with. The tax is $ 12,190 and the monthly general fee is $ 260. Diane Johnson, Century 21 American Homes, 516-302-8500.

Recently sold

$ 680,000

Address 3rd Street

Style split level

Bedroom 5

Bathroom 3

Built in 1956

Lot size 0.14 acres

Tax $ 13,476

+/- List price-$ 5,000

75 days in the market

$ 565,000

Kingston Street Address

Style experience cape

Bedroom 3

Bathroom 2

Built in 1947

Lot size 0.11 acre

Tax $ 12,098

+/- List price + $ 16,000

Number of days in the market 138

$ 520,000

Franklin Street Address

Style cape

Bedroom 4

Bathroom 2

Built in 1929

Lot size 0.08 acres

Tax $ 7,200

+/- List price-$ 9,000

102 days in the market

With One Key MLS

Number of publications 54

Price range $ 337,100 to $ 1,450,000

Tax range $ 4,976 to $ 18,500


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