178 Wallace Street, Freeport, NY 11520

$699,000 · 3 bed · 3 bath · 2,342 sq ft · built 1957 · MLS# 1073795 · Active

Welcome to 178 Wallace Street, ideally located in the heart of Freeport! This wonderful home offers a fantastic opportunity to enjoy all that this vibrant Long Island community has to offer. Featuring comfortable living spaces, a functional layout, and plenty of potential to make it your own, this home is perfect for today's lifestyle. Conveniently located near shopping, dining, parks, local waterfront attractions, major roadways, and the LIRR, making commuting and everyday errands a breeze. Located within the Freeport Union Free School District, including John W. Dodd Middle School and…

Single-family homes in the Freeport Union Free School District sold for a median of $690,000 (typically $600,000–$755,000) across 165 recorded sales between Nov 5, 2025 and Nov 2, 2026, up 7.8% on the 12 months before. This home's $699,000 list price sits in the mid-market single-family tier for the Freeport Union Free School District.

ZIP 11520 has about 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 $6,533 a year, this home's property tax runs roughly 46% below the $12,000 typical for Freeport Union Free School District. Nassau assessments run on a multi-year cycle, so the assessed value behind this bill can lag what the home actually sells for today. A sale does not automatically reset it, and 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