1040 Spring Water Drive

1040 Spring Water Drive in Chemung, NY was first built in 1933 and is 91 years old. Although, the building on the property was most recently renovated and altered in 1965. This has been categorized as a industrial property type. There are a total of 3 floors. There are a total of 0 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 1040 Spring Water Drive has 19,180 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 219,107 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a well system. The property is not connected to a municipal sewage system. Instead, it is connected to a septic system which you will need to handle on your own. For those who need parking, there is a detached garage. The garage is 1,770 sqft. There are a total of 6 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as average. The exterior walls of the home are made of a material which is produced from two or more constituent materials. 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, 1040 Spring Water Drive sold most recently in Aug 31, 2016 for a total of $241,000. If you work out the math, that's approximately a cost of $15.14 per sqft. 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 $5,994 in taxes each year. 1040 Spring Water Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $250,000. If we break it down further, the land itself was valued at $15,200. Improvements to the property, however, were assessed at a total of $234,800. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.