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1116 Laurel Street

1116 Laurel Street, Rome, NY 13440
Property in Rome
Sold Oct 15, 2015
$52,500
$54,639 by Commonfund Mortgage Corp
Mortgage Due Jan 01, 2045
Sold Oct 07, 2011
$23,500
1116 Laurel Street in Rome, NY was first built in 1960 and is 64 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 ranch/rambler style. It is a single story home. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 1116 Laurel Street has 957 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 7,405 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a detached garage. The garage is 400 sqft. There are a total of 2 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 fair. The exterior walls of the home are made of a material which is produced from two or more constituent materials. As for heating, the home is utilizing a forced air unit and being fueled with gas. 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, 1116 Laurel Street sold most recently in Oct 14, 2015 for a total of $52,500. If you work out the math, that's approximately a cost of $54.86 per sqft. Before that, the property was also sold for $23,500 in Sep 29, 2011. 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 $2,036 in taxes each year. 1116 Laurel Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $45,000. If we break it down further, the land itself was valued at $7,200. Improvements to the property, however, were assessed at a total of $37,800. 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. 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: 1960
  • Effective Year Built: 1960
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Fair
  • Building Quality: D
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Composition
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 400
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,405
  • Lot Size Frontage Feet: 651
  • Total Building Area: 957
  • Building Area: 957
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 957
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.17
  • Standard Land Use Code: Single family residential
  • Legal Description 1: H&L 65X 110

Ownership

  • Current Owner : MAHONEY BRIANNA
  • Previous Owner : GRIMALDI MICHAEL
  • Owner Before Previous Owner: CIMO MARIANO L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Rome City School District
  • School Tax School District: ROME
  • Census Tract: 022100

Zoning

  • Zoning: R-1-5

Geography

  • Account Number: 39240 05
  • District: 301301
  • Section: 223.14
  • Parcel: 301301 223.014-0003-021
  • Block: 3
  • Lot: 21.000
  • Municipality: ROME, INSIDE
  • Latitude: 43.2323
  • Longitude: -75.4678

    Address

  • Full Address: 1116 Laurel St
  • Address - House Number: 1116
  • Address - Street Name: Laurel
  • Address - Suffix Type: St
  • State: NY
  • City Name: Rome
  • Carrier Code: C008
  • 4-Digit Zip Code: 2530
  • Zip Code: 13440

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,036
  • Tax Rate Code Area: 301300

    Appraisal Valuation

  • Standard Deviation: 0.2788
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 44
  • Final Value: 124,168
  • High Value: 158,791
  • Low Value: 89,544

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $59,401
  • First Open Lien Mortgage Lender: COMMONFUND MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Oct 15, 2015
  • First Open Lien Mortgage Loan Amount: $54,639
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2045
  • Second Open Lien Mortgage Lender: SECRETARY HOUSING URBAN DEVELO
  • Second Open Lien Mortgage Recording Date: Jan 27, 2021
  • Second Open Lien Mortgage Loan Amount: $4,762
  • Second Open Lien Mortgage Term: 288
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Feb 01, 2045

    Market Valuation

  • Market Total Value: $99,163
  • Market Land Value: $15,866
  • Market Improvement Value: $83,297

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $45,000
  • Assessed Land Value: $7,200
  • Assessed Improvements Value: $37,800

    Sales

  • Current Sale Contract Date: Oct 14, 2015
  • Current Sale Recording Date: Oct 15, 2015
  • Current Sale Transaction ID: 1422151857
  • Current Sale Price: $52,500
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Oct 07, 2011
  • Previous Sale Contract Date: Sep 29, 2011
  • Previous Sale Amount: $23,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: COMMONFUND MORTGAGE CORP
  • First Mortgage Transaction Date: Oct 15, 2015
  • First Mortgage Loan Amount: $54,639
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2045

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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 1116 Laurel Street located in?
The 1116 Laurel Street is a located in the neighborhood of Rome in Rome, Rome.
What is the average sales price for listings in 1116 Laurel Street?
The average sales price for units in 1116 Laurel Street is $0 currently.

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