72 Fanning Boulevard, Riverhead, NY 11901

72 Fanning Boulevard, Riverhead, NY 11901

$550,000 · 3 bed · 1 bath · 1,160 sq ft · built 1966 · MLS# 1022877 · Active

72 Fanning Blvd. Is Awaiting its New Owner! Located on a Fully Fenced-in Corner Lot, Private Driveway With Extra Parking & 30 AMP Service for the RV! This Home Features Three Bedrooms all with Hardwood Flooring, 1 Full Nicely Sized Bathroom, Storage, Living Room with a Nice Size Closet, Hardwood Flooring, & Pellet Stove, Updated Eat-In Kitchen with Propane Range, Refrigerator, Dishwasher, & Microwave, A Separate Laundry Room with Washer & Dryer & Freezer. A 3 Season Sunroom which leads out to a private backyard to a Deck, Patio Area,…

Single-family homes in the Riverhead Central School District sold for a median of $739,000 (typically $550,000–$900,000) across 308 recorded sales between Oct 6, 2025 and Oct 1, 2026, up 19.2% on the 12 months before. This home's $550,000 list price sits in the entry single-family tier for the Riverhead Central School District.

ZIP 11901 has about 4.4 months of single family inventory — balanced market. Supply and demand are roughly even, so buyers and sellers share leverage with fair, predictable pricing.

At about $7,653 a year, this home's property tax runs roughly 23% below the $10,000 typical for Riverhead Central School District. Suffolk bills combine town, school and special-district levies, so two homes at the same price in neighboring districts can carry materially different taxes. Exemptions such as STAR, Senior or Veteran move the number as well — a new owner's bill is often not the same as the seller's.

OneKey MLS (recorded LI sales, trailing 12mo) + actual tax

Listings courtesy of OneKey® MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of October 11, 2026 4:30 am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Riverhead Market Trend

Over the past 2 years, Riverhead has cooled from a peak near $635K around September 2024 to about $525K, with homes taking longer to sell. If this trend continues, conditions could keep easing toward a more balanced market.