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Rare Oversized Property in the Coveted Old Canterbury Section of Rockville Centre Welcome to 467 Hempstead Avenue - a beautifully maintained and generously scaled Colonial set on an exceptional 0. 36-acre property in the coveted and charming Old Canterbury section of Rockville Centre, offering unmatched outdoor space, privacy, and future expansion potential. This timeless residence features 5 bedrooms, 2. 55 baths, and approximately 3, 050 sq. ft. of living space, blending classic architecture with modern functionality. Inside, a gracious living room with built-ins and a wood-burning fireplace anchors the home, while the formal dining room is ideally suited for entertaining. The chef’s kitchen is equipped with premium Wolf and Sub-Zero appliances, generous cabinetry, and an eat-in area overlooking the expansive grounds. A first-floor bedroom or home office with full bath offers flexibility for guests or extended family. Upstairs, the primary suite and three additional bedrooms provide comfortable accommodations for everyday living. The full, high-ceiling basement is currently unfinished but offers outstanding potential to be transformed into additional living space, such as a recreation room, gym, media room, guest quarters, or home office — allowing future owners to significantly expand usable square footage. Outdoors, the unusually large property provides abundant space for entertaining, recreation, gardening, or future enhancements rarely possible within village limits. Adding further value, property taxes have been successfully grieved, resulting in an approximate 10% reduction, enhancing long-term ownership affordability. Conveniently located near Rockville Centre’s vibrant downtown, LIRR, parks, restaurants, and shopping, this home delivers the rare combination of village convenience with expansive outdoor living in one of the community’s most desirable neighborhoods. A truly unique opportunity in one of Long Island’s most sought-after communities. Taxes have been successfully grieved for 2026/2027.
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Our Executive Mortgage Banker:
$1,499,999
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,199,999 | $1,199,999 | $1,199,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $3,039 | $3,039 | $3,039 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,720 | $7,291 | $10,045 |
| Total Monthly Payment | $9,884 | $10,455 | $13,209 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.