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161 Wallace StreetFreeport, NY 11520

For Sale

$892,000

Smart Buyer Rebate $8,920

An absolute gem in the heart of the coveted Freeport Estates section of the village, this 4-bedroom, 2–full-bath home is a rare blend of history, charm, and modern luxury. Thoughtfully updated to deliver today’s comfort and elegance while preserving the timeless simplicity and character that give it undeniable soul, this residence shines from the moment you arrive. The expansive wrap-around front porch—built for gatherings, morning coffee year-round, and effortless evening relaxation—overlooks an oversized lot that offers both space and privacy. A long, wide driveway leads to a detached garage, and side paved space for the car enthusiasts next restoration, enhancing convenience, functionality, and classic curb appeal and plenty of room for the man with and his big boy toys. Warm, welcoming, and unmistakably special, the home opens to expansive rooms, high ceilings, and a warm, inviting kitchen with gas cooking. A second staircase adds charm and practicality, while the huge full basement—with its own side-entrance driveway access—provides exceptional flexibility for storage, workshop space, or future finishing. The fully fenced (6 ft.) rear yard is a blank canvas ready for your ideal backyard paradise—garden, pool, outdoor kitchen, entertainer’s oasis, or serene retreat. All of this sits just steps from an award-winning elementary school, close to public transportation and bus lines, and only a 7-minute walk to the LIRR station, making commuting effortless. A detached gable-roof 1-car garage and full vinyl 10x10 shed add even more utility and charm. And then there’s the showstopper: a massive, unfinished 3rd-floor attic with full walk-up stairs and standing-room height—true untapped value, perfect for a future gym, private office, cigar lounge & humidor room, yoga studio, arts & crafts room, playroom, teen gaming loft, meditation or prayer space. Situated on a generous quarter-acre lot on a wide, private street, the property also includes security motion lighting and four separate exterior entrances for convenience and privacy. Inside, the formal dining room features a wood-burning fireplace with a beautiful built-in mantle—you can practically smell the holiday meals already. This is history, charm, comfort, and modern living all wrapped into one. A home like this simply will NOT last.

Listed by Joseph Vennera

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HomeSmart Premier Living Rlty

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631-629-3630

Listed by Briguitte Berrospi

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HomeSmart Premier Living Rlty

Last updated November 13, 2025

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Source: OneKey #923760

Listing Facts

  • TypeSingle-family
  • NeighborhoodFreeport
  • Bedrooms4
  • Bathrooms2
  • Days on Prevu9
  • Taxes$9,000/year
  • Size1,900 sqft
  • Price per sqft$469

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Washer/Dryer
  • Parking

Location

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Listing History

11/10/2025
Listed by HomeSmart Premier Living Rlty
$892,000

Property Details for 161 Wallace Street

Exterior

Construction

  • Property Condition: Updated/Remodeled
  • Year Built: 1909
  • Architectural Style: Victorian
  • Construction Materials: Vinyl Siding

Features

  • Fencing: Back Yard, Fenced, Vinyl
  • Patio And Porch Features: Covered, Porch, Wrap Around

Measurements

  • Building Area Total: 1,900
  • Building Area Units: Square Feet
  • Lot Features: Back Yard, Cleared, Front Yard, Garden, Landscaped, Level, Near Golf Course, Near Public Transit, Near School, Near Shops
  • Lot Size Acres: 0.25
  • Lot Size Dimensions: 70,157
  • Lot Size Square Feet: 11,025

Financial

Taxes

  • Tax Annual Amount: $9,000.00
  • Tax Year: 2027

Interior

Features

  • Appliances: Dishwasher, Dryer, ENERGY STAR Qualified Appliances, Exhaust Fan, Gas Cooktop, Gas Oven, Microwave, Oven, Refrigerator, Stainless Steel Appliance(s), Washer, Gas Water Heater
  • Fireplace Features: Family Room, Wood Burning
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Interior Features: Built-in Features, Chefs Kitchen, Eat-in Kitchen, ENERGY STAR Qualified Door(s), Entrance Foyer, Formal Dining, Granite Counters, High Ceilings, High Speed Internet, Low Flow Plumbing Fixtures, Open Floorplan, Open Kitchen, Pantry, Storage, Walk Through Kitchen, Washer/Dryer Hookup

Measurements

  • Living Area: 1,900
  • Living Area Source: Other

Rooms

  • Basement: Full, Storage Space, Unfinished, Walk-Out Access
  • Has Basement: Yes
  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 4
  • Rooms Total: 8

Parking

Parking

  • Garage Spaces: 1
  • Garage: Yes
  • Parking Features: Detached, Driveway, Garage, Off Street, On Street, Other, Oversized, Private, Storage
  • Parking Total: 14

Schools

Elementary School

  • Elementary School: Caroline G Atkinson School
  • Elementary School District: Freeport

High School

  • High School: Freeport High School
  • High School District: Freeport

Middle or Junior School

  • Middle Or Junior School: John W Dodd Middle School
  • Middle Or Junior School District: Freeport

Utilities

Equipment

  • Cooling: Ductless
  • Heating: Baseboard, ENERGY STAR Qualified Equipment, Hot Air
  • Laundry Features: Gas Dryer Hookup, In Basement, Laundry Room, Washer Hookup
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected
  • Water Source: Public

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Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.