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12 Otsego Place

12 Otsego Place, Jericho, NY 11753
Property in Jericho
Sold May 15, 2018
$500,000
$450,000 by Wells Fargo Bank
Mortgage
Sold Feb 10, 2006
$395,000
Seller
12 Otsego Place has been categorized by the local assessors in Jericho, NY as a residential type of property. The building on the property was first built in 1960 and is 64 years old. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 12 Otsego Place has 1,940 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 392 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 1,050 ft and across the front of the lot is 950 ft. The area measurement of the land has been determined as 9,975 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a split level style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage underground or in the basement for those who require parking. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B- by the local assessor. The roof of the building is made of shingle (not wood). The exterior walls of the building are made of masonry. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. 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, 12 Otsego Place sold most recently in May 2, 2018 for a total of $500,000. If you work out the math, that's approximately a cost of $257.73 per sqft. Before that, the property was also sold for $395,000 in Jan 27, 2006. 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 $23,054 in taxes each year. 12 Otsego Place was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $878. If we break it down further, the land itself was valued at $435. Improvements to the property, however, were assessed at a total of $443. 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. 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.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
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: B-
  • Construction Type: Frame
  • Building Style: Split level
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 392
  • Garage Type: Underground/basement
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 9,975
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 950
  • Total Building Area: 1,940
  • Building Area: 1,940
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,940
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.229
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TOWN #3 SCH DIST 015

Ownership

  • Current Owner : SIEGEL RHEA
  • Current Owner 2: SIEGEL JAKE
  • Previous Owner : SIEGEL ALLISON
  • Owner Before Previous Owner: SIEGEL RHEA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Jericho Union Free School District
  • School Tax School District: 015
  • Census Tract: 518501

Geography

  • District: 282489
  • Section: 11
  • Parcel: 11-469-00-0014
  • Block: 469
  • Lot: 14
  • Municipality: OYSTER BAY UNINCORPORATED
  • Latitude: 40.7783
  • Longitude: -73.545

    Address

  • Full Address: 12 Otsego Pl
  • Address - House Number: 12
  • Address - Street Name: Otsego
  • Address - Suffix Type: Pl
  • State: NY
  • City Name: Jericho
  • Carrier Code: C008
  • 4-Digit Zip Code: 1406
  • Zip Code: 11753

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $23,054
  • Tax Rate Code Area: 542

    Appraisal Valuation

  • Standard Deviation: 0.1751
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 77
  • Final Value: 971,111
  • High Value: 1,141,244
  • Low Value: 800,977

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $450,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK
  • First Open Lien Mortgage Recording Date: May 15, 2018
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $450,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $878,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $878
  • Assessed Land Value: $435
  • Assessed Improvements Value: $443

    Sales

  • Current Sale Contract Date: May 02, 2018
  • Current Sale Recording Date: May 15, 2018
  • Current Sale Transaction ID: 11468726383
  • Current Sale Price: $500,000
  • Current Sale Document Type: Executor's Deed
  • Current Sale Input Document Number: 2018-042237
  • Previous Sale Recording Date: Feb 10, 2006
  • Previous Sale Contract Date: Jan 27, 2006
  • Previous Sale Amount: $395,000
  • Previous Sale Document Type: Intrafamily Transfer & Dissolution

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK
  • First Mortgage Transaction Date: May 15, 2018
  • First Mortgage Loan Amount: $450,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Jericho



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Frequently Asked Questions

What neighborhood is 12 Otsego Place located in?
The 12 Otsego Place is a located in the neighborhood of Jericho in Jericho, Jericho.
What is the average sales price for listings in 12 Otsego Place?
The average sales price for units in 12 Otsego Place is $0 currently.

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