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119 Merchants Path

119 Merchants Path, Sag Harbor, NY 11963
Property in Southampton
Sold Apr 27, 2013
$3,450,000
$46,395 by First Republic Bank
Mortgage Due Jul 01, 2050
Sold Aug 11, 2010
$600,000
119 Merchants Path in Sag Harbor, NY was first built in 2013 and is 11 years old. This has been categorized as a residential property type. There are a total of 0 rooms in the home, of which, 8 are bedrooms. 119 Merchants Path has 5,837 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 80,150 square feet.

Learn more about the property and building on this page. 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 none system. We do not have data on where the property's water is sourced from. 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, 119 Merchants Path sold most recently in Apr 5, 2013 for a total of $3,450,000. If you work out the math, that's approximately a cost of $591.06 per sqft. Before that, the property was also sold for $600,000 in May 5, 2010. 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 $0 in taxes each year. 119 Merchants Path was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $3,632,800. If we break it down further, the land itself was valued at $951,000. Improvements to the property, however, were assessed at a total of $2,681,800. 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: 2013
  • Effective Year Built: 2013
  • Bedroom Count: 8
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 80,150
  • Total Building Area: 5,837
  • Building Area: 5,837
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 5,837
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: None
  • Water Service: None

Building

  • Property Class: Residential
  • Subdivision: THOMAS WHITE ET AL
  • Land Acres: 1.84
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BLK LOT 1

Ownership

  • Current Owner : ROSS RYAN
  • Previous Owner : 119 MERCHANTS PATH LLC
  • Owner Before Previous Owner: BLUMENTHAL ANDREA
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Sag Harbor Union Free School District
  • School Tax School District: SAG HARBOR
  • Census Tract: 190714

Zoning

  • Zoning: CR80

Geography

  • Assessors Map Reference: MAP 10413
  • District: 0900-0
  • Section: 56.00
  • Parcel: 0900-056.00-01.00-027.003
  • Block: 1
  • Lot: 27.003
  • Municipality: SOUTHAMPTON
  • Latitude: 40.9554
  • Longitude: -72.2805

    Address

  • Full Address: 119 Merchants Path
  • Address - House Number: 119
  • Address - Street Name: Merchants
  • Address - Suffix Type: Path
  • State: NY
  • City Name: Sagaponack
  • Zip Code: 11962

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 472405

    Appraisal Valuation

  • Standard Deviation: 0.2314
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 53
  • Final Value: 3,531,729
  • High Value: 4,349,202
  • Low Value: 2,714,255

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $46,395
  • First Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • First Open Lien Mortgage Recording Date: Jun 30, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $46,395
  • 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: Jul 01, 2050

    Market Valuation

  • Market Total Value: $5,227,050
  • Market Land Value: $1,368,345
  • Market Improvement Value: $3,858,705

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,632,800
  • Assessed Land Value: $951,000
  • Assessed Improvements Value: $2,681,800

    Sales

  • Current Sale Contract Date: Apr 05, 2013
  • Current Sale Recording Date: Apr 27, 2013
  • Current Sale Transaction ID: 1169399177
  • Current Sale Price: $3,450,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Previous Sale Recording Date: Aug 11, 2010
  • Previous Sale Contract Date: May 05, 2010
  • Previous Sale Amount: $600,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK N A
  • First Mortgage Transaction Date: Apr 27, 2013
  • First Mortgage Loan Amount: $2,242,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2043

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 119 Merchants Path located in?
The 119 Merchants Path is a located in the neighborhood of Southampton in Bridgehampton, Sag Harbor.
What is the average sales price for listings in 119 Merchants Path?
The average sales price for units in 119 Merchants Path is $0 currently.

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