#851923, Listing office: Exit Realty All City
Property details
About 661 Grassmere Ter
Space, style & modern luxury come together at 661 Grassmere Terrace! A 25x40 Built two family sitting on 42x95 lot on a beautiful quiet, tree lined street of Far Rockaway. Featuring a wide private driveway, tons of yard space to enjoy family & friends gatherings. Property spans 3,000 sq/ft of living space and is the perfect opportunity for buyers looking for income generating rental property to assist with mortgage payments and space. The Rental unit is configured as 3 bedroom 2 bath rental which has the ability to generate $4,000/month to assist with mortgage payments. The owners unit is also a 3 bedroom 2 bath and can easily be used as a garden-basement duplex to create additional living/recreational space. Both units enjoy expansive sun drenched formal living area which provides great space for entertaining. The formal dining area overlooks the beautiful granite kitchen any chef will love. Kitchen features floor to ceiling custom cabinetry, adorned with a full fleet of stainless steel appliances, and equipped with island with bar stool seating. 3 spacious king sized bedrooms, each equipped with ample closet space. The elegant primary suite is equipped with a private en suite with spa like finishes. Down the hall an additional bathroom is shared between the two other bedrooms and boast state of the art wall & floor tiles. The high ceiling full finished basement is equipped with both interior and exterior access and can easily be used as the perfect in law suite, media den, storage space, or additional recreational space. 661 Grassmere Terrace has been fully gutted and remodeled by an expert team of contractors featuring select wide-oak wood flooring, recessed lighting, updated electrical, heating, and plumbing systems throughout. Conveniently located with close proximity to major transportation which makes commuting a breeze. Short block to Rockaway Freeway, Cornaga Avenue, Ocean Crest Blvd. Stones throw to transportation, schools, shopping centers, restaurants, cafes, parks and many other vibrant neighborhood amenities.
Highlights
Summary
- Full Bathrooms: 5
- Basement: Yes
- Interior: First Floor Bedroom, Chefs Kitchen
- Total Bedroom Count: 6
- Parking: Driveway, Private
- Heating: Baseboard, Separate Meters
- Cooling: Separate Meters, Wall/Window Unit(s)
- List Price: $999,000
- Annual Tax Amount: $5,444
- Tax Year: 2024
- Year Built: 1996
- Lot Size: 0.0916 Acres
- MLS Number: 882863
- MLS Name: ONEKEY2
- Office Name: Keystone Realty USA Corp
- Office Phone: (631) 261-2800
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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Price information
Property sales
Date | Event | Price |
---|---|---|
Dec 21, 2023 | Home Sold | $360,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $42,120 | $5,444 |
2023 | $25,574 | $5,136 |
2021 | $36,180 | $5,341 |
2020 | $33,720 | $5,068 |
2018 | $21,312 | $4,344 |
2017 | $21,312 | $4,228 |
History based on county public records data.
Nearby schools
9
Wave Preparatory Elementary School
Public District PK-5
0.1 mi
•535 Briar Pl
7
Peninsula Preparatory Academy Charter School
Public Charter PK-5
0.3 mi
•611 Beach 19 St
10
Success Academy Charter School-Far Rockaway
Public Charter KG-5
0.5 mi
•1045 Nameoke St Fl 3
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $52,761. Most Far Rockaway, NY residents have annual incomes between $35k-100k. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
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Frequently asked questions
About 661 Grassmere Ter
The listing price of 661 Grassmere Ter property is $999,000.
The property 661 Grassmere Ter is a multi located in Far Rockaway, New York, 11691.
Active Listing: 661 Grassmere Ter is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 661 Grassmere Ter are: Wave Preparatory Elementary School (GreatSchools Rating 9/10), Peninsula Preparatory Academy Charter School (GreatSchools Rating 7/10), Success Academy Charter School-Far Rockaway (GreatSchools Rating 10/10), Knowledge and Power Preparatory Academy Vi (GreatSchools Rating 5/10), Challenge Preparatory Charter School (GreatSchools Rating 4/10), Village Academy (GreatSchools Rating 6/10), Queens High School for Information, Research and Technology (GreatSchools Rating 5/10), Frederick Douglass Academy Vi High School (GreatSchools Rating 1/10), Acadey of Medical Technology - A College Board School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $5,444 (source: MLS/based on county public records data).
The last sale was on December 21, 2023 for $360,000 (source: MLS/tax record).
The year of construction for 661 Grassmere Ter is 1996.
This home is located at 661 Grassmere Ter in Far Rockaway, NY and zip code 11691 in the Far Rockaway neighborhood. Features: 6 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since June 27, 2025 and is currently priced at $999,000.
In June 2025 more than 232 listings in Far Rockaway, NY were sold above the asking price. During the same period more than 1007 listings were sold at asking price, while more than 715 were sold below. The number of listings in Far Rockaway, NY decreased by 4.3% between May and June 2025. While the average time on the market in June 2025 was 99 days, the median list price was $881,252.