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115 Gerard Drive

115 Gerard Drive, East Hampton, NY 11937
Property in East Hampton
Sold Jul 09, 2022
$3,350,000
Sold Aug 07, 2013
$1,860,000
$1,395,000 by Bank Of America N A
Mortgage Due Jul 01, 2043
Local assessors in East Hampton, NY have categorized 115 Gerard Drive as a residential type of property. The property's lot size has been calculated to be 15,246 square feet.

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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 115 Gerard Drive was last sold in May 22, 2022 for $3,350,000. Prior to that sales transaction, the property was sold for $1,860,000 in Jun 17, 2013. Current property owners are expected to pay $0 in taxes per year. The property on 115 Gerard Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $13,680. To break that down further, the land itself was valued at $800. While improvements to the property were assessed at a total of $12,880. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 15,246
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SUBDIVISION MAP CAPA GARDINER
  • Land Acres: 0.35
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : GEIR SPRINGS LLC
  • Previous Owner : ANDREWTODD BRANDMAN RET
  • Previous Owner 2: BRANDMAN
  • Owner Before Previous Owner: BRANDMAN STEPHEN
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Springs Union Free School District
  • School Tax School District: SPRINGS
  • Census Tract: 201010

Geography

  • District: 0300-0
  • Section: 41.00
  • Parcel: 0300-041.00-02.00-017.000
  • Block: 2
  • Lot: 17.000
  • Municipality: EAST HAMPTON
  • Latitude: 41.0406
  • Longitude: -72.1388

    Address

  • Full Address: 115 Gerard Dr
  • Address - House Number: 115
  • Address - Street Name: Gerard
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: East Hampton
  • Carrier Code: C007
  • 4-Digit Zip Code: 4700
  • Zip Code: 11937

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 472404

    Appraisal Valuation

  • Standard Deviation: 0.2498
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 64
  • Final Value: 2,601,904
  • High Value: 3,251,951
  • Low Value: 1,951,857

    Market Valuation

  • Market Total Value: $36,973
  • Market Land Value: $2,162
  • Market Improvement Value: $34,811

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $13,680
  • Assessed Land Value: $800
  • Assessed Improvements Value: $12,880

    Sales

  • Current Sale Contract Date: May 22, 2022
  • Current Sale Recording Date: Jul 09, 2022
  • Current Sale Transaction ID: 11915536258
  • Current Sale Price: $3,350,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Aug 07, 2013
  • Previous Sale Contract Date: Jun 17, 2013
  • Previous Sale Amount: $1,860,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA N A
  • Previous Mortgage Transaction Date: Aug 07, 2013
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $1,395,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2043

About Springs



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Frequently Asked Questions

What neighborhood is 115 Gerard Drive located in?
The 115 Gerard Drive is a located in the neighborhood of East Hampton in Springs, East Hampton.
What is the average sales price for listings in 115 Gerard Drive?
The average sales price for units in 115 Gerard Drive is $0 currently.

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