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1 Crescent Way

1 Crescent Way, Shelter Island Heights, NY 11965
Property in Shelter Island
Sold Jun 05, 2004
$770,000
$4,996 by Bank Of America N A
Mortgage Due Dec 01, 2042
Sold Oct 31, 1995
$60,000
Local assessors in Shelter Island Heights, NY have categorized 1 Crescent Way as a residential type of property. The home was built in 1996 and is 28 years old. It was most recently renovated and altered in 2010. The property's lot size has been calculated to be 47,916 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a contemporary style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1 Crescent Way has a total of 1,540 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a well system. As for water disposal, the home is connected to a septic system and not a municipal sewage or storm sewage system. Therefore the homeowner of this property will need to handle their own water disposal every three to five years - though the exact number may differ. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 1,530 sqft. There are 6 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is good. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Lots of wood were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with oil. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1 Crescent Way sold most recently in Apr 22, 2004 for a total of $770,000. If you work out the math, that's approximately a cost of $500.00 per sqft. Before that, the property was also sold for $60,000 in Oct 18, 1995. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,955 in taxes each year. 1 Crescent Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $934,000. If we break it down further, the land itself was valued at $402,000. Improvements to the property, however, were assessed at a total of $532,000. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 2010
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: C
  • Building Style: Contemporary
  • Exterior Walls Type: Wood
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 1,530
  • Parking Space Count: 6
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 47,916
  • Lot Size Frontage Feet: 2,300
  • Total Building Area: 1,540
  • Building Area: 1,540
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,540
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: MAP HAY BEACH POINT SECTION 4
  • Land Acres: 1.1
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : QUINN JOHN R
  • Current Owner 2: QUINN LINDA R
  • Previous Owner : UMANS LESLIE
  • Owner Before Previous Owner: LARKIN ARTHUR G
  • Owner Before Previous Owner 2: LARKIN MARIE A

Neighborhood

  • School District Name: Shelter Island Union Free School District
  • School Tax School District: SHELTER ISLAND
  • Census Tract: 180300

Zoning

  • Zoning: AA

Geography

  • Account Number: 1939
  • District: 0700-0
  • Section: 1
  • Parcel: 0700-001.00-01.00-082.000
  • Block: 1
  • Lot: 82.000
  • Municipality: SHELTER ISLAND
  • Latitude: 41.0977
  • Longitude: -72.3317

    Address

  • Full Address: 1 Crescent Way
  • Address - House Number: 1
  • Address - Street Name: Crescent
  • Address - Suffix Type: Way
  • State: NY
  • City Name: Shelter Island
  • Zip Code: 11964

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,955
  • Tax Rate Code Area: 473201

    Appraisal Valuation

  • Standard Deviation: 0.2695
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 61
  • Final Value: 1,306,490
  • High Value: 1,658,644
  • Low Value: 954,336

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $15,846
  • First Open Lien Mortgage Lender: BANK OF AMERICA N A
  • First Open Lien Mortgage Recording Date: Apr 18, 2013
  • First Open Lien Mortgage Loan Amount: $4,996
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2042
  • Second Open Lien Mortgage Lender: MORGAN STANLEY PRIVATE BANK NA
  • Second Open Lien Mortgage Recording Date: Jan 27, 2016
  • Second Open Lien Mortgage Loan Amount: $10,850
  • Second Open Lien Mortgage Term: 180
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Dec 01, 2030

    Market Valuation

  • Market Total Value: $1,279,452
  • Market Land Value: $550,685
  • Market Improvement Value: $728,767

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $934,000
  • Assessed Land Value: $402,000
  • Assessed Improvements Value: $532,000

    Sales

  • Current Sale Contract Date: Apr 22, 2004
  • Current Sale Recording Date: Jun 05, 2004
  • Current Sale Transaction ID: 1107984106
  • Current Sale Price: $770,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Previous Sale Recording Date: Oct 31, 1995
  • Previous Sale Contract Date: Oct 18, 1995
  • Previous Sale Amount: $60,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: MERRILL LYNCH CREDIT CORP
  • First Mortgage Transaction Date: Jun 05, 2004
  • First Mortgage Loan Amount: $625,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: May 01, 2034

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 1 Crescent Way located in?
The 1 Crescent Way is a located in the neighborhood of Shelter Island in Shelter Island Heights, Shelter Island Heights.
What is the average sales price for listings in 1 Crescent Way?
The average sales price for units in 1 Crescent Way is $0 currently.

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