Buying a home in Jericho

What makes Jericho an attractive option for home buyers, says Assemb. Charles Lavine (D-Glen Cove), is the “nature and extraordinary quality of the school district, in terms of national and state recognition.” He adds that it assures that home values remain strong.

Jericho High School was ranked 45th in Newsweek’s annual list of the top 500 high schools in the country, which was released in August. Among Long Island schools, it trailed only Great Neck South High School (38th). Some students in Jericho attend Syosset High School, which was ranked 118th on the list.

“Jericho is a community fiercely dedicated to public education,” Lavine says. “It is the model of what public education should be, at a time when public education nationally is being severely criticized.”

While families may be drawn to Jericho by the school district, Dona Malter of Coldwell Banker Residential Brokerage says commuters are drawn by the proximity to major roadways and Manhattan and millennials are drawn by the area’s walkability.

The Long Island Expressway, Northern State Parkway and Jericho Turnpike all cut through Jericho. The commute to Manhattan can be as quick as 40 to 45 minutes from the nearby Hicksville or Syosset LIRR stations.

Jericho is comprised of four primary sections — East Birchwood, West Birchwood, White Birch and Oakwood/Princeton Park — and the dominant housing styles in the area are split-levels and high-ranches, Malter adds. Prices can range from around $500,000 to the multimillions of dollars.

The area is mostly developed, she says, but “there’s also a new generation of homes with the Postmodern larger houses that are being created in the community.”

Jericho also boasts six condominium communities, the newest being Hamlet Estates, which was constructed in 2005, Malter says.

Jericho is home to The Milleridge Inn restaurant, the original building for which was constructed in the 1670s.

Also in the area is Jericho Cider Mill, which produces fresh cider, pies and baked goods, and the Elias Hicks House, an Underground Railroad site.

CONDOS: There are 19 condos on the market ranging in price from $499,990 to $2.958 million.

SALES PRICES: Between Jan. 1, 2016, and Feb. 15, 2017, there were 126 home sales with a median sale price of $811,000, according to the Multiple Listing Service of Long Island. The low price for that period was $465,000 and the high was $1.78 million. During that time period a year earlier, there were 129 home sales with a median sale price of $735,000. The price range was $450,000 to $1.95 million.

SCHOOLS: Most students attend Jericho High School and some attend Syosset. In 2016, 90 percent of graduates earned a Regents diploma with advanced designation. That’s compared with 89 percent in 2015.

OTHER STATS

Town: Oyster Bay

Area: 4 square miles

ZIP code: 11753

Population: 13,567

Median age: 45.1

Median household income: $140,242

Median home value: $812,000*

LIRR to NYC: Syosset, 44 to 59 minutes at peak; Hicksville, 39 to 52 minutes at peak

Monthly ticket: $287

School district: Jericho

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

RECENTLY SOLD

VILLAGE DRIVE, $900,000

his five-bedroom split-level sold for $198,888 less than its asking price after 253 days on the market. The 1958 home features 2.5 bathrooms, all with radiant heated floors. Hardwood floors run through the living room, which has vaulted ceilings, and dining room, which has tray ceilings.

The extended eat-in kitchen includes stainless steel appliances, radiant flooring and a glass-pane door that opens to a Trex deck. The master bedroom has a vaulted ceiling, a private bath and walk-in closet.

The 80-by-128-foot property includes an attached garage and partially finished basement. The taxes are $12,859.

SOUTH MARGINAL ROAD, $740,000

fter 383 days on the market, this three-bedroom ranch sold for $49,000 less than its asking price. The 1967 home, with three full bathrooms, includes a formal living room and a dining room with sliding glass doors that open to a back patio.

The eat-in kitchen boasts granite countertops, stainless steel appliances and sliders. The main level also includes a den and all three bedrooms. There’s also a family room and full bathroom in the finished basement.

The 80-by-130-foot property has an attached garage and a covered walkway. The taxes are $16,494.

BIRCHWOOD PARK DRIVE, $570,000

Originally listed for $639,000, this four-bedroom split-level sold in January after 152 days on the market. The home, built in 1958, features 1.5 bathrooms. The living room includes vaulted ceilings and a skylight, and it opens to an adjoining dining area. That leads into the eat-in kitchen, which includes an outside entrance that opens to a back patio. The master bedroom and two additional bedrooms are on the upper level, and another bedroom is situated on the lower level.

The 0.23-acre property includes an attached garage and a full basement. The taxes are $12,710.

NOW ON THE MARKET

Starter, $688,000 This five-bedroom high-ranch includes three full bathrooms, an updated eat-in kitchen, a den with a fireplace, and a living and dining room. The 79-by-122-foot property also includes an attached one-car garage.

Taxes: $20,891. Eva Lee, Coldwell Banker Residential Brokerage, 516-859-1887.

Trade-up, $829,000 This four-bedroom, 2.5-bathroom split-level boasts a living room that opens to a dining room and granite eat-in kitchen. The 93-by-103-foot property includes a two-car garage, a back deck and a full finished basement.

Taxes: $24,262. Tim Lau and Ira Gross, Laffey Real Estate, 516-984-8504, 516-313-7282.

High-end, $1.425 million This four-bedroom, 3.5-bathroom Colonial boasts a chef’s kitchen, bar area, living room with a fireplace, formal dining room and family room. The 92-by-125-foot property includes a saltwater gunite pool, two-car garage and finished basement.

Taxes: $24,001. Lisa Duggan, Douglas Elliman Real Estate, 516-680-1780.

ON MULTIPLE LISTINGS

Number of houses: 34

Price range: $475,000 to $4.5 million

Tax range: $10,901 to $45,747