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1050 Meadow Lane

1050 Meadow Lane, Southampton, NY 11968
Property in Southampton
Sold Feb 04, 2020
$40,910,000
$31,500,000 by The Northern Trust Co
Mortgage Due Mar 01, 2050
Sold Aug 05, 2005
$24,000,000
1050 Meadow Lane in Southampton, NY was first built in 2018 and is 6 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a modern style. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 7 full bathrooms. There are 8 partial bathrooms. 1050 Meadow Lane has 5,251 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 113,256 square feet.

Learn more about the property and building on this page. There is a open porch. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. Water for the property is sourced from a municipal system. For those who need parking, there is a garage. The garage is 924 sqft. The condition of the building has been evaluated as excellent. As for heating, the home is utilizing gas. There are 3 fireplaces in the home. Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 1050 Meadow Lane sold most recently in Jan 24, 2020 for a total of $40,910,000. If you work out the math, that's approximately a cost of $7,790.90 per sqft. Before that, the property was also sold for $24,000,000 in Jul 29, 2005. 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 $47,217 in taxes each year. 1050 Meadow Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $22,869,100. If we break it down further, the land itself was valued at $18,771,300. Improvements to the property, however, were assessed at a total of $4,097,800. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 2018
  • Effective Year Built: 2018
  • Bedroom Count: 5
  • Bathroom Count: 8
  • Full Bathrooms: 7
  • Partial Bathrooms: 8
  • Building Condition: Excellent
  • Building Style: Modern
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 924
  • Parking Space Count: 0
  • Porch Type: Open porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 113,256
  • Total Building Area: 5,251
  • Building Area: 5,251
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 3
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 5,251
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: None
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SHPTN QUOGUE BEACH
  • Land Acres: 2.6
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BLK LOT WP10*

Ownership

  • Current Owner : SANDSTONE T T
  • Current Owner 2: SANDSTONE FLANAGAN
  • Previous Owner : 1050 MEADOW LANE LLC
  • Owner Before Previous Owner: MAGIC LLC
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Southampton Union Free School District
  • School Tax School District: SOUTHHAMPTON
  • Census Tract: 190801

Zoning

  • Zoning: VILLA

Geography

  • Assessors Map Reference: MAP 868
  • District: 0904-0
  • Section: 23.00
  • Parcel: 0904-023.00-02.00-004.000
  • Block: 2
  • Lot: 4.000
  • Municipality: SOUTHAMPTON
  • Latitude: 40.856
  • Longitude: -72.4322

    Address

  • Full Address: 1050 Meadow Ln
  • Address - House Number: 1050
  • Address - Street Name: Meadow
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Southampton
  • Carrier Code: R003
  • 4-Digit Zip Code: 4560
  • Zip Code: 11968

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $47,217
  • Tax Rate Code Area: 473606

    Appraisal Valuation

  • Standard Deviation: 0.2314
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 53
  • Final Value: 1,036,322
  • High Value: 1,276,194
  • Low Value: 796,449

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $31,500,000
  • First Open Lien Mortgage Lender: THE NORTHERN TRUST CO
  • First Open Lien Mortgage Recording Date: Feb 04, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $31,500,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2050

    Market Valuation

  • Market Total Value: $34,650,152
  • Market Land Value: $28,441,364
  • Market Improvement Value: $6,208,788

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,869,100
  • Assessed Land Value: $18,771,300
  • Assessed Improvements Value: $4,097,800

    Sales

  • Current Sale Contract Date: Jan 24, 2020
  • Current Sale Recording Date: Feb 04, 2020
  • Current Sale Transaction ID: 11737527443
  • Current Sale Price: $40,910,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Aug 05, 2005
  • Previous Sale Contract Date: Jul 29, 2005
  • Previous Sale Amount: $24,000,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: THE NORTHERN TRUST CO
  • First Mortgage Transaction Date: Feb 04, 2020
  • First Mortgage Loan Amount: $31,500,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Mar 01, 2050

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Southampton



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Frequently Asked Questions

What neighborhood is 1050 Meadow Lane located in?
The 1050 Meadow Lane is a located in the neighborhood of Southampton in Southampton, Southampton.
What is the average sales price for listings in 1050 Meadow Lane?
The average sales price for units in 1050 Meadow Lane is $0 currently.

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