Values up 2.5%, Rent Yield 8.1% Updated 2 days ago • 1 new comp More about this home Neighborhood Assessment Port Washington's Manorhaven neighborhood shines with top-tier schools—Manorhaven Elementary (5/10), Weber Middle (8/10), and Schreiber High (10/10)—just 0.8-2.3 miles away. It's walkable to LIRR stations and shops, you know, with that classic Long Island vibe. Nearby comps like 32 Marwood Rd S at $762K and 26 Marwood at $1.14M show solid values around ~$900K Zestimate for this 4-bed/2-bath, 1.7K sqft home on a 4.4K sqft lot. Auction status screams opportunity, but watch those major wind/heat risks.
Market Activity Property Research Marwood Rd S Property History + Ask a question in the app Rental Income $73K Yield 8.1% Appreciation $54K Year 1 Estimates
Fix-and-Flip Modern updates bring a fresh appeal to your home, helping it shine in a competitive market. These improvements elevate the rent potential to around $7,086 and offer a refined living experience for any future resident.
While price per square foot shifts slightly from $713 to $714, a mere 0.2% increase, the real value lies in attracting quality interest. Prioritize high-impact renovations that blend timeless style with modern, everyday comfort and ease. Value Add $3K Appreciation $72K Post Typical Renovation Buy-Rehab-Rent This property shows solid potential with a post-renovation value estimated between $1,125,000 and $1,243,000. Leveraging a 1,664-square-foot footprint, the investment offers a reliable path to equity growth through targeted cosmetic and functional property upgrades.
Projected monthly rental income reaches $7,086, delivering a stable 7.2% yield. Strong market demand and a healthy annual appreciation rate of 6% make this an attractive candidate for investors seeking long-term cash flow and capital preservation. Rental Income $85K Yield 7.2% Appreciation $72K Year 1 Estimates, Post Typical Renovation Estimated value $901K Comparative Market Analysis $940K – $1.4M ~48 days to sell Based on 8 comps Marwood Road South is a quintessential Manorhaven street where properties have seen massive growth since the mid-century. Most homes here were built around 1951, and while many retain their original charm, the market has shifted from modest suburban starters to high-value coastal assets.
Your specific home at #30 has a clear appreciation story, selling for just $345,000 back in 2001. Today, values on the block are pushing well toward the $1M mark, driven by Port Washington's elite school district and proximity to the water.
| Location | Recent Value/Sale | Size (Sqft) | Layout |
| :--- | :--- | :--- | :--- |
| 24 Marwood Rd S | $922,500 | 1,456 | 3 Bed / 3 Bath |
| 26 Marwood Rd S | $1,137,700 | 1,986 | 7 Bed / 4 Bath |
| 30 Marwood Rd S | $901,100 | 1,664 | 4 Bed / 2 Bath |
| 32 Marwood Rd S | $762,000 | 2,214 | 2 Bed / 1 Bath |
Ownership on this street tends to be long-term, which keeps inventory tight and prices stable. We're seeing a trend of older 1950s layouts being converted into larger multi-family setups or high-end rentals, with #26 being a prime example of the upper-end potential on your block.
What is the flood risk? Great news for your pocket—this property sits in a very safe spot when it comes to water. According to the data, the flood risk here is minimal, which is a massive win for your monthly carrying costs.
With a risk score of 1 out of 10 and a FEMA Zone X designation, you aren't looking at mandatory flood insurance. This keeps your mortgage payments predictable and avoids the 'hidden' costs that often plague coastal Port Washington homes.
| Flood Factor | Status |
| :--- | :--- |
| Risk Score | 1 / 10 (Minimal) |
| FEMA Zone | X (Unshaded) |
| 30-Year Flood Prob. | 0% |
| Insurance Required | No |
| Historic Flooding | None Reported |
Low Insurance Burden: Lenders typically don't require separate flood policies for Zone X properties, saving you thousands over the life of a loan.
Future Safety: Projections show a 0% probability of flooding over the next 30 years, giving you peace of mind for a long-term hold.
Resale Value: Having a "clean" flood report is a major selling point in Long Island real estate, making this 4-bed, 2-bath home easier to exit later. 1950s Foundation Risks Homes from 1951, like this one in Port Washington, are usually built with 'good bones,' but 70+ years of settling means you need to be vigilant. Most foundations from this era used poured concrete or cinder blocks, which are durable but prone to specific age-related wear.
While our data doesn't show active structural failures for 30 Marwood Rd S, houses of this vintage often face these common issues:
| Typical Issue | What to Watch For |
| :--- | :--- |
| Hydrostatic Pressure | Horizontal cracks or bowing in the basement walls. |
| Settlement Cracks | Stair-step cracks in the exterior brick or mortar. |
| Moisture Seepage | White, powdery 'efflorescence' or damp smells downstairs. |
| Sill Plate Rot | Damage where the wood frame meets the concrete. |
Since this is an auction property, you likely won't have a standard inspection period. If you can get inside, check the basement for fresh paint—it’s a common trick to hide water stains or cracks.
The neighborhood assessment notes minimal flood risk, which is a huge plus for foundation longevity. However, with the high wind risk in Manorhaven, ensure the grading and gutters are directing water far away from the base to prevent future shifting. 1951 Home HVAC Standards In 1951, builders in the Northeast prioritized heavy-duty heating. For a home like this in Manorhaven, you’re likely dealing with a hydronic system—a beefy boiler in the basement pumping hot water to cast-iron radiators.
| System Component | Typical 1951 Standard |
| :--- | :--- |
| Heating Type | Hot water boilers or early forced-air furnaces |
| Cooling | None (originally designed for window units) |
| Primary Fuel | Fuel oil or natural gas |
| Distribution | Cast iron radiators or small-diameter ductwork |
If you're eyeing that $5,800 monthly rent potential or the $1.2M resale value, upgrading to a high-efficiency heat pump or central air is your best move. Modern tenants in Port Washington expect climate control, especially given this property's "Major" heat risk score.
Key things to look for in this 1951 build:
Boiler Age: Many have been converted from oil to gas, but the units might be nearing the end of their 20-30 year life.
Lack of Ducts: If it’s a radiator house, adding central air requires creative bulkheads or a mini-split system.
Buried Oil Tanks: Always check for old underground tanks; they are a massive liability for your pocket if they leak.
Retrofitting with a multi-zone mini-split system is often the smartest way to add cooling without gutting those classic 1950s walls. Building Restrictions & Zoning Since this property is in the Village of Manorhaven, you’re dealing with their specific building department, which is separate from the Town of North Hempstead. They are pretty protective of the neighborhood's character, so expect some oversight on any major changes.
If you're planning to expand that 1,664 sqft footprint, here are the main hurdles you’ll run into:
Lot Coverage: With a 4,356 sqft lot, you're likely capped at a 30-35% building footprint. There isn't a ton of room to grow horizontally.
Setbacks: You must maintain specific distances from property lines. Given the compact lot size, pushing these usually requires a difficult variance.
Height Limits: Most residential structures here are capped around 26 to 30 feet.
Permit History: Since this is an auction property, be wary of non-permitted work. 1950s homes often have finished basements or attics that aren't on the official Certificate of Occupancy (CO).
Always pull the permit jacket from the Village Hall before bidding. You don't want to inherit someone else's code violations or find out your dream second-story addition is a no-go.
| Constraint | Typical Manorhaven Limit |
| :--- | :--- |
| Max Lot Coverage | ~30% - 35% |
| Max Height | 26 - 30 Feet |
| Primary Use | Single-Family (R-Zone) | Fix and Flip Potential This Port Washington auction property is a classic 'diamond in the rough' scenario. In a high-demand market like Manorhaven, the profit is found in the spread between the foreclosure price and the high retail demand from families chasing the elite school district.
| | |
| :--- | :--- |
| Estimated ARV | $1,089,000 – $1,203,000 |
| Current Valuation | $901,100 |
| Rent Potential | $4,500 – $5,800/mo |
| School Rating | 10/10 (High School) |
With an After Repair Value (ARV) potentially hitting $1.2M, there is significant meat on the bone. Since this is a 1951 build, you should budget for a full cosmetic overhaul—think open-concept kitchen and luxury vinyl plank flooring—to compete with top-tier local comps like the $1.5M sale on Hazel Road.
Because this is an auction, the key to your pocket is the entry price. If you can snag this near the $700k mark, you have plenty of room for a high-end renovation and a healthy profit margin. If the flip market cools, your 'Plan B' is excellent: renting it out for roughly $4,900 a month.
Keep in mind that Port Washington buyers are picky about finishes. Staging this property for a modern family lifestyle will be the difference between a quick sale and a long carry time. Watch those climate risks, but focus on the high school's 10/10 rating as your primary selling point. Max Bid & Renovation Estimate To protect your margins in a high-stakes market like Port Washington, we’ll stick to the classic 70% rule. Based on our Market Value analysis, your After Repair Value (ARV) is approximately $1,146,000. Since this is a 1951 auction property, we need to budget for a full modernization.
I’ve estimated a renovation budget of $125,000 (roughly $75/sqft). This should cover a high-end kitchen, updated bathrooms, and modern flooring to ensure you hit that top-tier ARV and compete with the best comps in Manorhaven.
| | Estimated Value |
| :--- | :--- |
| After Repair Value (ARV) | $1,146,000 |
| 70% Baseline | $802,200 |
| Est. Renovation Costs | $125,000 |
| Recommended Max Bid | $677,200 |
Stick to this number to account for holding costs, commissions, and the 1.52% tax rate. If you're looking at this as a long-term rental, the $4,900 median rent provides a great safety net, but for a flip, discipline is your best friend here.
With Schreiber High rated a perfect 10/10, the exit demand will be massive. Just watch those auction fees—they can sneak up on you and eat into that $677k ceiling! Port Washington Property Taxes Yes, as a Port Washington homeowner, your tax bill is a bit of a "layer cake." Since this property is located within the Town of North Hempstead in Nassau County, you definitely pay town taxes.
Because this 4-bed, 2-bath home is specifically in the Village of Manorhaven, you actually deal with three distinct taxing authorities. In Nassau County, property taxes are split into two main billing cycles, plus your local village bill. It’s important to budget for all three to avoid any surprises to your bottom line.
General Taxes: These cover the Town of North Hempstead and Nassau County services.
School Taxes: Usually the largest portion, funding the Port Washington Union Free School District.
Village Taxes: A separate bill specifically for the Village of Manorhaven for local services like trash and street maintenance.
| Tax Authority | Typical Billing Month |
| :--- | :--- |
| General (Town/County) | January & July |
| School District | October & April |
| Village (Manorhaven) | June |
For a property of this size (1,664 sqft), historical data shows total taxes have hovered around $12,700 annually. My advice? Always look into "tax grieving." In Nassau County, it’s a standard move to challenge your assessment and keep more cash in your pocket. Village Tax Estimate Since this home is located within the Village of Manorhaven, you'll receive a separate village tax bill in addition to your Nassau County and School taxes. For a property valued at $901,100, you should expect the village-specific portion to be roughly $1,500 to $1,800 per year.
Your total annual tax burden is significantly higher because of the high-performing Port Washington school district. Based on historical data and the current valuation, your all-in costs will likely range between $14,500 and $17,000. It’s a major expense, so be sure to factor this into your monthly budget.
| Tax Type | Estimated Amount |
| :--- | :--- |
| Village of Manorhaven | $1,650 |
| School & General | $13,100 |
| Total Annual Estimate | $14,750+ |
Don't forget to apply for the NYS STAR credit if this becomes your primary residence—it's an easy way to knock over $1,000 off that school bill. Also, since this is an auction property, I'd highly recommend a title search to ensure there aren't any unpaid tax liens lurking! Estimated Auction Costs & Fees Buying at auction isn't just about the high bid; it's about the "hidden" extras that hit your wallet. For a foreclosure like this one on Marwood Rd S, the biggest line item is the Buyer’s Premium, which is typically how the auction house gets paid.
On Auction.com, you should expect a Buyer’s Premium of roughly 5%. Based on the $901,100 valuation, that’s about $45,000 added to your purchase price. You’ll also be responsible for standard New York closing costs and potentially some delinquent items.
| Expense Item | Estimated Amount |
| :--- | :--- |
| Buyer's Premium (5%) | ~$45,000 |
| Title Search & Insurance | $2,500 - $4,500 |
| NY Transfer Tax (0.4%) | ~$3,600 |
| Legal & Auction Fees | $1,500 - $3,000 |
Since this is a 1951 build being sold as-is, I'd also suggest a "surprise fund" for any immediate repairs. Auctions often require cash or hard money, so factor in those financing points if you aren't paying all-cash. Always run a preliminary title search to ensure no secondary liens follow you after the gavel falls. 30 Marwood Rd S, Port Washington Investment Report: Flip & Rental Analysis · Frontflip