Value holds at $984K-$1.08M Updated 13 days ago • 4 new comps More about this home Neighborhood Assessment Floral Park's established residential character offers solid fundamentals with proximity to quality schools and consistent neighborhood stability. The 5-bed, 2-bath home at 2,260 sqft sits in a mature community with comparable properties ranging $756K–$1M, suggesting stable market conditions. However, the 1926 construction age and moderate wind/heat climate risks require consideration for long-term value retention. Market Activity Property Research Property History for 59 Willow St + Ask a question in the app Rental Income $56K Yield 6.0% Appreciation $49K
Year 1 Estimates
Fix-and-Flip Refreshing your home delivers real value, with updated properties seeing a price per square foot of $539 compared to the $510 baseline. This 5.7% increase shows that modern touches effectively elevate a home’s market appeal.
This upgrade creates a compelling edge, pushing your potential sale price beyond $1.2 million. Modernizing your 1926 property invites premium interest, boosts long-term equity, and ensures your home remains a standout choice for future buyers. Comps 8 Uplift +6% Buy-Rehab-Rent This property offers strong BRR potential with a post-renovation value estimated between $1,047,000 and $1,158,000. The market supports solid upside, positioning this 2,260-square-foot home well for significant equity capture after targeted strategic updates.
Annual rental income is projected at $63,888, delivering a consistent 5.8% yield. Given the 5-bedroom configuration and prime rental demand, this asset serves as a reliable income generator with steady long-term appreciation prospects for investors. Rental Income $64K Yield 5.8% Appreciation $58K Year 1 Estimates, Post Typical Renovation Estimated value $927K Comparative Market Analysis $845K – $1.1M ~39 days to sell Based on 8 comps This classic 1926 Floral Park home has a story spanning nearly a century, most recently entering a new chapter as a foreclosure opportunity. It appears to have been held by the same owners for over two decades, with the last market sale recorded back in July 1999.
| Year | Event | Details |
| :--- | :--- | :--- |
| 2026 | Auction Listing | Listed as a foreclosure on Auction.com |
| 2019 | Listing Removed | Failed attempt to sell at $665,000 |
| 1999 | Sold | Purchased for $317,000 |
| 1926 | Built | Original construction year |
The tax assessment history shows some interesting shifts. The 2024 assessed value sits at $756,000, though our market analysis suggests a much higher potential value between $1,063,000 and $1,174,000. This valuation gap is a critical detail for your future tax planning and appeal strategy.
Foreclosure Opportunity: Since it's heading to auction, there’s a real chance to acquire this 2,260 sqft asset below its peak market value.
Long-term Appreciation: The property has roughly tripled in value since the 1999 sale.
Inventory Rarity: A 5-bedroom layout in this pocket of Floral Park is hard to find, which explains the high interest (over 1,600 views).
If you're looking at this as an investment, the foreclosure status is the headline. Buying right at auction could set you up for significant equity from day one.
Roof replacement history? The listing doesn’t provide a specific date for the last roof replacement. Since this is an auction property built in 1926, records are often unavailable. However, our neighborhood assessment notes that 'roof reinforcement' is a priority for this home's climate resilience.
When looking at an older home in foreclosure, you should assume the roof might be nearing the end of its life cycle. Here is the breakdown:
Auction Realities: These homes are typically sold 'as-is,' meaning the previous owner likely deferred maintenance.
Climate Protection: With a wind risk score of 6/10, your roof needs to be in top shape to keep insurance costs down and prevent damage.
Investment Strategy: Budgeting for a replacement now is a smart move, as it adds immediate value to your $1M+ market potential.
| Property Aspect | Status/Value |
| :--- | :--- |
| Construction Year | 1926 |
| Listing Type | Auction/Foreclosure |
| Wind Risk | 6 / 10 (Major) |
I'd suggest having a contractor give it a quick look. If the shingles are curling or missing, use that to adjust your max bid so you don't overextend your budget on day one. Foundation Condition? Since this property is heading to auction as a foreclosure, there isn't a specific foundation inspection report available in the current records. For a Floral Park home built in 1926, you are likely looking at a poured concrete or concrete block foundation.
Given the "as-is" nature of auction sales, you should assume there may be some deferred maintenance. Older foundations in this area can be prone to settlement over a century of use, especially with the moderate climate risks noted for this lot.
| Inspection Focus | Professional Insight |
| :--- | :--- |
| Foundation Type | Likely Poured Concrete or Block (1926 standard) |
| Purchase Status | Auction / Foreclosure (Sold As-Is) |
| Risk Factor | Elevated due to age and lack of recent history |
| Red Flags | Horizontal cracks, bowing walls, or efflorescence |
I’d strongly recommend a pre-bid walkthrough with a structural engineer if possible. Look for "step cracks" in the exterior brickwork or interior basement walls. Also, check if the doors and windows on the main floor stick—this is often the first sign that the ground underneath has shifted.
Don't let a Tax-Smart Buying Strategies Since this property is hitting the auction block, you have a prime opportunity to build immediate equity. To keep the IRS's hands off your profits, your strategy should focus on how you intend to use this 5-bed, 2-bath home.
The Primary Residence Shield: If you live here for at least two years, you can exclude up to $500,000 (for couples) in capital gains when you sell. With a market potential of up to $1,174,000, this is the most powerful tax move you can make.
Cost Segregation: Planning to rent it out for $4,500–$5,500? A cost segregation study on this 1926-built home allows you to accelerate depreciation on components like flooring and cabinetry, creating a massive tax loss to offset other income.
Capital Improvement Tracking: Every dollar spent updating this vintage property should be documented. These costs increase your "basis," which directly reduces your taxable gain when it’s time to exit.
| Strategy Path | Top Tax Advantage |
| :--- | :--- |
| Owner-Occupied | Section 121 Gains Exclusion |
| Buy & Hold Rental | 27.5-Year Depreciation & Expense Deductions |
| Fix & Flip | Capitalized Renovation Costs |
Nassau County property taxes are high—historically topping $12,000 here. If this is a primary residence, remember the SALT deduction is capped at $10,000, so run your numbers carefully on the carrying costs versus the tax breaks. Recent renovations info Based on the available records and the property’s current status as a foreclosure auction, there are no documented recent major renovations. In fact, our neighborhood assessment notes that this 1926-built home likely needs modernization and climate-proofing to reach its full market potential.
Since it’s being sold 'as-is' via auction, you should budget for updates to the mechanical systems and cosmetics. However, don't let that scare you off—this is where the real money is made.
| Property Detail | Current Status |
| --- | --- |
| Year Built | 1926 |
| Listing Type | Foreclosure Auction |
| Condition | Likely Original / As-Is |
| Square Footage | 2,260 (Massive Upside) |
With a generous 5-bedroom layout and 2,260 square feet, you have a significant size advantage over the neighbors. If you can snag this at a discount and handle the renovations yourself—specifically focusing on the kitchen, baths, and roof—you could push the value toward that $1,174,000 top-tier potential. Property History & Milestones 59 Willow Street has been a fixture of Floral Park since 1926. This 2,260 sqft home is a bit of a local veteran, having seen the neighborhood evolve over the last century.
Historically, it sold for $317,000 back in 1999. It surfaced again in 2019 with a $665,000 price tag, though that listing was eventually removed. Right now, it's back in the spotlight because it's listed as a foreclosure auction, which often means there's a chance to snag it below its current market potential of $1M+.
| Major Event | Timing | Key Details |
| :--- | :--- | :--- |
| Original Build | 1926 | 5-bedroom layout established |
| Recorded Sale | 1999 | Sold for $317,000 |
| Market Listing | 2019 | Listed for $665,000 (Removed) |
| Current Status | 2026 | Foreclosure Auction via Auction.com |
Keep in mind that while the tax assessment sits at $756,000, our analysis suggests the true market value could be significantly higher if you can navigate the auction process successfully. It's a classic "diamond in the rough" play for this neighborhood. Why is the lien $1.4M? Seeing a $1.4M lien on a property valued around $1.1M is a classic foreclosure scenario in New York. Because NY is a judicial foreclosure state, the process can take many years. During that time, the debt balloons far beyond the original loan amount.
Here is how that bill gets so bloated:
Accrued Interest: Interest continues to pile up every single day the loan is in default. Over 5-10 years of litigation, this can easily double the principal.
Corporate Advances: The bank pays the property taxes and homeowners insurance to protect their interest. They add every cent of those payments back to the lien.
Legal & Protective Fees: Attorney fees, court costs, and property preservation costs (like boarding up windows or lawn care) are all charged to the borrower.
| Lien Component | Why it grows |
| :--- | :--- |
| Default Interest | Often charged at a higher rate once a default occurs. |
| Escrow Advances | Years of unpaid Nassau County property taxes. |
| Legal Costs | Massive fees from years of NY judicial proceedings. |
Don't let the $1.4M scare you away from a deal. The bank knows the property is only worth what the market will pay (our analysis suggests $1.06M–$1.17M). They often accept a loss at auction just to clear the Last Plumbing Update Based on the records for this 1926-built home, there are no documented permits for a full plumbing overhaul in the recent past. Since this is currently listed as a foreclosure auction property, it’s typical to see systems that date back several decades or have only had localized repairs.
Given the home’s age, you’ll want to keep an eye out for galvanized steel or older cast iron pipes during your walkthrough. Modernizing these systems is one of the smartest ways to protect your investment and help the property reach that top-tier market value of $1,174,000 we identified.
Build Year: 1926 (Original systems are likely mid-century or older)
Current Status: Auction/Foreclosure (Usually implies an 'as-is' condition without recent major mechanical upgrades)
Pro Tip: Always budget for a sewer scope to check the main line for tree root intrusion or collapses before finalizing your bid.
ROI Factor: Replacing old pipes with modern PEX can lower your insurance premiums and significantly boost long-term resale value.
| | Expected Status |
| :--- | :--- |
| Supply Lines | Potential for mixed copper and galvanized |
| Drain Lines | Likely original cast iron |
| Market Impact | High potential for appreciation post-modernization | Expected Time on Market Floral Park is an established neighborhood where buyers tend to be deliberate. Based on local market data, standard listings in the area typically see a median time on market of 105 days, with some properties averaging closer to 133 days.
This specific home has been listed for 21 days already. Because of its large 5-bedroom footprint and its status as an auction listing, the timeline is strictly governed by the scheduled auction period rather than traditional market floating.
| How You Sell | Expected Waiting Period |
| :--- | :--- |
| Standard Listing | 105 - 133 Days |
| Scheduled Auction | Set Auction Date |
| Direct Cash Sale | 14 - 30 Days |
While the area is stable, the 1926 construction means savvy buyers will likely spend extra time on due diligence. Factor in the moderate climate risks for wind and heat; these often lead to longer negotiation periods as buyers investigate modern upgrades or insurance requirements. Any property easements? Hey! For a classic 1926 Floral Park home like this one, you should assume easements exist even if they aren't listed in the basic property data. Usually, these are standard and don't interfere with daily life, but they become very important if you plan on adding a fence or an extension.
Since this is an auction property, checking the title report and survey is non-negotiable. Foreclosures can sometimes have unrecorded shared driveway agreements or municipal rights-of-way that won't show up until you dig into the Nassau County land records.
Common easements to look for include:
Utility Access: Rights for PSEG or National Grid to maintain lines.
Municipal: Sidewalk maintenance and public right-of-way.
Private: Shared driveways or 'party walls,' which are very common in older Nassau neighborhoods.
| Type of Easement | What it means for your pocket |
| :--- | :--- |
| Utility | Prevents building permanent structures over specific lines. |
| Shared Driveway | Requires a maintenance agreement with your neighbor. |
| Municipal | You are responsible for the sidewalk, but the city owns the right-of-way. |
Don't let this scare you off, but definitely check 'Schedule B' of the title report. It's the only way to know for sure what's baked into the deed! Nassau County Tax History Floral Park taxes can be a bit of a maze, but looking at the history for 59 Willow St, we see a steady upward trend typical for Nassau County. Between 2017 and 2021, the annual tax bill climbed from roughly $10,700 to nearly $12,900.
| Year | Property Tax Paid |
| :--- | :--- |
| 2021 | $12,875 |
| 2020 | $12,845 |
| 2019 | $11,383 |
| 2018 | $11,383 |
| 2017 | $10,705 |
Nassau County assessments are famous for their complexity. With a current market valuation of $926,500 and a local tax rate of approximately 1.52%, you’ll want to watch the assessed value closely to ensure your bill stays manageable as market values shift.
Upward Trend: Taxes grew about 20% over a five-year window.
Assessment Gap: The current assessed value is $756,000, which is significantly lower than our estimated market value of $926k+.
Grieving Taxes: Many Floral Park neighbors successfully "grieve" their property taxes annually to lower their payments—it's practically a local pastime and something you should consider to keep more cash in your pocket. Nearby Amenities & Convenience Floral Park is a dream for anyone who values a "park and walk" lifestyle. This location on Willow Street is exceptionally well-placed, especially for families. You’re just 0.4 miles from Sewanhaka High School, meaning fewer frantic morning drop-offs and more time for your morning coffee.
The village vibe here is strong. You've got the LIRR station nearby for an easy commute into Manhattan, plus the local boutiques and restaurants on Tulip Avenue are just a quick stroll away. It’s the kind of neighborhood where you actually get to know your neighbors.
| Local Destination | Distance |
| :--- | :--- |
| Sewanhaka High School | 0.4 Miles |
| Floral Park Bellerose School | 1.2 Miles |
| LIRR Floral Park Station | ~0.7 Miles |
| Tulip Ave Shops & Dining | ~0.6 Miles |
| Centennial Gardens | ~0.8 Miles |
Being in a mature, established area like this means you aren't just buying a 5-bedroom house; you're buying into a community with stable values and high demand. Whether you're moving in or renting it out for that $4,500–$5,500 potential we identified, the location is a major asset. Ideal bid price for fix & flip This 5-bedroom Floral Park gem is a prime flip candidate thanks to its massive 2,260 sqft footprint. To hit that $1.1M+ market potential we're seeing in the data, you’ll need to modernize this 1926 classic while addressing the climate risks highlighted in your report.
Focus your dollars on the "money rooms"—the kitchen and baths—and don't skip the roof and insulation. Floral Park buyers pay a premium for move-in-ready homes that won't bite them with high utility bills or storm damage.
| Project Area | Estimated Cost |
| :--- | :--- |
| Gourmet Kitchen | $45,000 |
| Dual Bath Renovation | $30,000 |
| Climate & Roof Updates | $25,000 |
| Cosmetics & Flooring | $25,000 |
| Total Reno Budget | $125,000 |
Stick to the "70% Rule" to protect your pocket. By subtracting your renovation budget from 70% of the projected After Repair Value (ARV), you find your max bid. This provides a safety net for financing costs, selling fees, and a healthy profit margin.
| Projected Outcome | Target Value |
| :--- | :--- |
| After Repair Value (ARV) | $1,100,000 |
| Max Recommended Bid | $645,000 |
| Potential Profit | $200,000+ |
With nearby homes selling for roughly $492/sqft, a fully updated version of this spacious property will be the belle of the ball in Floral Park. Keep your bid disciplined and let the square footage do the heavy lifting for your ROI! Can I tour this auction home? Typically, properties listed on Auction.com—especially those in foreclosure like 59 Willow St—are sold "sight unseen." This means you usually cannot tour the interior before bidding. These homes are often occupied, and the occupants have a right to privacy until the sale is finalized.
If the property is vacant, there is a slight chance for an open house, but it’s rare for foreclosure auctions. You should check the specific listing on Auction.com for any "Viewing" or "Open House" schedules.
| | Details |
| :--- | :--- |
| Access Type | Usually Restricted / Drive-by Only |
| Occupancy | May be occupied; do not disturb |
| Condition | Sold "as-is" without interior inspection |
Since you likely can't get inside, I suggest doing a thorough "drive-by" inspection. Check the roof, siding, and neighborhood vibes from the sidewalk. Based on our assessment of this 1926 build, you should budget for modernization and potential climate-proofing.
Keep an eye on the Auction.com dashboard for this address. If they clear it for a walkthrough, they’ll post it there immediately. Just remember: never trespass on an auction property! 59 Willow St, Floral Park Investment Report: Flip & Rental Analysis · Frontflip