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Buying a home in Malverne

Reese Park in Malverne, where Malverne Mel holds

Reese Park in Malverne, where Malverne Mel holds court on Groundhog Day. Photo Credit: Steve Pfost

The large turnout for Malverne’s holiday lighting ceremony earlier this month reflected the village’s small-town appeal, says Mayor Patricia Norris-McDonald.

“People who hadn’t come before said, ‘I can’t believe things like this still exist.’” Norris-McDonald says. “With everything else going on in the world, I think all the people that work and volunteer in the village succeed in maintaining that charm.”

That charm will be on display again in February for Groundhog Day, as Malverne Mel looks for his shadow at Reese Park.

Enhancements at village parks, including new playground equipment and pathways, are expected this spring, Norris-McDonald says. A new gym, Fitness 19, also opened recently on Hempstead Avenue.

As for the real estate market: “The inventory is very low in the village, which I think says a lot about the community that we live in,” Norris-McDonald says.

Homes that do come on the market move quickly, says Leon Sanchez, owner-broker of Newman Realty in Malverne. He says a condominium complex is to be developed on Hempstead Avenue in Malverne Park, which is along the village’s northeast border. The Town of Hempstead approved the rezoning of two parcels in August, paving the way for the 12-unit complex.

The attraction to Malverne, Sanchez says, is due in part to its neighborhood feel and amenities such as a private police force and thriving downtown with new retail businesses and restaurants. Housing styles, he says, range from Capes to Colonials to Tudors to ranches. “It’s not a cookie-cutter neighborhood,” Sanchez says.

In July, Malverne was named the second-safest place in New York State in a crime-score ranking by ValuePenguin, a consumer resource company.

In addition to Westwood Park and Reese Park, Malverne features various pocket parks. The village is also home to Malverne Cinema, which shows independent and foreign films, and Crossroads Farm at Grossmann’s, which Norris-McDonald says is the only working farm on Nassau’s South Shore.

CONDOS AND TOWN HOUSES

There are none on the market.

SALES PRICES

Between Nov. 1, 2015, and Nov. 30, 2016, there were 105 home sales, with a median sale price of $435,000, according to the Multiple Listing Service of Long Island. The low price for that period was $260,313 and the high was $760,000. During that period a year earlier, there were 85 home sales with a median sale price of $430,000. The price range was $245,000 to $715,000.

SCHOOLS

Most students attend Malverne High School, where 54 percent of graduates earned a Regents diploma with advanced designation in 2015. Students also attend Valley Stream Central, Valley Stream North and Valley Stream South. In 2015, graduates at all three earned Regents diplomas with advanced designation at a rate of between 61 and 64 percent.

OTHER STATS

Town: Hempstead

Area: 1.1 square miles

ZIP code: 11565

Population: 8,514

Median age: 45.6

Median household income: $114,497

Median home value: $450,000*

LIRR to NYC: 42 to 46 minutes at peak

Monthly ticket: $252

School district: Malverne and Valley Stream

SOURCES: 2010 Census; mlsli.com; LIRR;
*Based on sales in the past six months, according to MLSLI

RECENTLY SOLD

$760,000, GOLD PLACE

After 184 days on the market, this four-bedroom expanded ranch sold for $34,999 less than its asking price. The 1951 home, with two full bathrooms, boasts a balcony that overlooks a formal living room with vaulted ceilings and a stone fireplace. There’s also a dining room, granite kitchen and family room with a fireplace. The master suite includes a bathroom and walk-in closet. Situated in the basement is a home theater. Taxes are $18,575.

$640,000, GATES AVENUE

This three-bedroom Colonial sold for $49,000 less than its asking piece after 227 days on the market. The 1956 home boasts a living room with a fireplace, a formal dining room, an eat-in kitchen with stainless steel appliances and 3 1⁄2 bathrooms. All three bedrooms are on the second floor, including the master, which has a bathroom. The 60-by-92-foot property also includes an all-seasons room, one-car garage and full finished basement. The taxes are $13,150.

$490,000, LEGION PLACE

Originally listed for $525,000, this three-bedroom ranch sold in August after 304 days on the market. The 1952 home features two full bathrooms, a living room-dining room combination with a fireplace and an eat-in kitchen. The master bedroom includes a full bathroom. A sunroom overlooks the 80-by-100-foot property, which features an in-ground gunite pool and brick patio. The home also has an attached one-car garage and full basement. The taxes are $15,642.

 

NOW ON THE MARKET

 

STARTER, $449,000

This three-bedroom Colonial includes one full bathroom, a living room with a fireplace, formal dining room and eat-in kitchen. The 67-by-101-foot property features a pool, full basement and detached garage. Taxes: $14,283. Leon Sanchez, Newman Realty, 516-599-2800.

TRADE-UP, $525,000

This four-bedroom Colonial offers 2 1⁄2 bathrooms, including a full bath in the master suite. There’s also a living room with a fireplace, dining room, eat-in kitchen and family room. The 50-by-112-foot property includes an attached garage and full basement. Taxes: $15,538. Anne Coffey, Coach Realtors, 516-659-4471.

HIGH-END, $649,000

This five-bedroom Tudor features three full bathrooms, a granite kitchen with stainless appliances and a living room with a fireplace. The 60-by-100-foot property also includes a finished basement with a fireplace, screened porch and detached garage. Taxes: $11,030. Christine DiRaimo, Signature Premier Properties, 516-817-9245.

 

ON MULTIPLE LISTINGS

 

Number of houses: 26

Price range: $369,000 to $699,000

Tax range: $9,206 to $18,507

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