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118 West 3rd Street

118 West 3rd Street, Corning, NY 14830
Property in Corning
Sold Aug 16, 2023
$90,000
$67,500 by Chemung Canal Trust Co
Mortgage Due Aug 16, 2053
Sold Sep 14, 2020
$15,000
Local assessors in Corning, NY have categorized 118 West 3rd Street as a residential type of property. The home was built in 1905 and is 119 years old. The property's lot size has been calculated to be 5,198 square feet. The linear feet between the front and back of the lot was measured at 1,650 ft and the front of the lot was measured at 315 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a traditional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 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 is one full bathroom. 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 118 West 3rd Street has a total of 1,444 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 municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a mixed used garage for those who need a place to park their vehicle. The garage on the property is 285 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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. The home's a hot water heating system is the primary heating source and it is 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, 118 West 3rd Street sold most recently in Jul 21, 2023 for a total of $90,000. If you work out the math, that's approximately a cost of $62.33 per sqft. Before that, the property was also sold for $15,000 in Aug 27, 2020. 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 $2,921 in taxes each year. 118 West 3rd Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $119,000. If we break it down further, the land itself was valued at $14,400. Improvements to the property, however, were assessed at a total of $104,600. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1905
  • Effective Year Built: 1905
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Traditional
  • Exterior Walls Type: Wood
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Mixed use
  • Garage Square Area: 285
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,198
  • Lot Size Depth Feet: 1,650
  • Lot Size Frontage Feet: 315
  • Total Building Area: 1,444
  • Building Area: 1,444
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 1,444
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.119
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MAP 28 BLOCK 89 LOT W P 6 31.5X165

Ownership

  • Current Owner : SPENCER HILL RE LLC
  • Previous Owner : HOAG DEAN W EST
  • Previous Owner 2: HOAG
  • Owner Before Previous Owner: CORNERSTONE 70238 HLDGS
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Mar 21, 2024

Neighborhood

  • School District Name: Corning City School District
  • School Tax School District: CORNING
  • Census Tract: 962600

Zoning

  • Zoning: R2

Geography

  • Account Number: 0002578-000
  • District: 460300
  • Section: 317.60
  • Parcel: 460300 317.60-01-020.000
  • Block: 1
  • Lot: 20.000
  • Municipality: CORNING
  • Latitude: 42.14
  • Longitude: -77.0607

    Address

  • Full Address: 118 W 3rd St
  • Address - House Number: 118
  • Street Direction: W
  • Address - Street Name: 3rd
  • Address - Suffix Type: St
  • State: NY
  • City Name: Corning
  • Carrier Code: C019
  • 4-Digit Zip Code: 3010
  • Zip Code: 14830

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,921
  • Tax Rate Code Area: 460300

    Appraisal Valuation

  • Standard Deviation: 0.1406
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 71
  • Final Value: 126,070
  • High Value: 143,801
  • Low Value: 108,338

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $67,500
  • First Open Lien Mortgage Lender: CHEMUNG CANAL TRUST CO
  • First Open Lien Mortgage Recording Date: Aug 16, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $67,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Aug 16, 2053

    Market Valuation

  • Market Total Value: $119,000
  • Market Land Value: $14,400
  • Market Improvement Value: $104,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $119,000
  • Assessed Land Value: $14,400
  • Assessed Improvements Value: $104,600

    Sales

  • Current Sale Contract Date: Jul 21, 2023
  • Current Sale Recording Date: Aug 16, 2023
  • Current Sale Transaction ID: 11911770954
  • Current Sale Price: $90,000
  • Current Sale Document Type: Executor's Deed
  • Previous Sale Recording Date: Sep 14, 2020
  • Previous Sale Contract Date: Aug 27, 2020
  • Previous Sale Amount: $15,000
  • Previous Sale Document Type: Quit Claim Deed (arm's length)

    Last Sale Mortgage

  • First Mortgage Lender: CHEMUNG CANAL TRUST CO
  • First Mortgage Transaction Date: Aug 16, 2023
  • First Mortgage Loan Amount: $67,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Corning



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Unit for rent at 267 E First, Corning, NY, 14830

$2,000 /mo

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267 E First, Corning, NY, 14830 Listing by Becky James

Frequently Asked Questions

What neighborhood is 118 West 3rd Street located in?
The 118 West 3rd Street is a located in the neighborhood of Corning in Corning, Corning.
What is the average sales price for listings in 118 West 3rd Street?
The average sales price for units in 118 West 3rd Street is $0 currently.

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