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122 Pauls Lane

122 Pauls Lane, Bridgehampton, NY 11932
Property in Southampton
Sold Nov 16, 2017
$98,750
$4,550,000 by First Republic Bank
Mortgage Due May 01, 2051
Sold Mar 11, 1999
$575,000
122 Pauls Lane in Bridgehampton, NY was first built in 2004 and is 20 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 modern style. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 6 are bedrooms. In terms of bathrooms, there are a total of 7 full bathrooms. There are 7 partial bathrooms. 122 Pauls Lane has 6,347 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 87,556 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 a well system. The property is not connected to a municipal sewage system. Instead, it is connected to a septic system which you will need to handle on your own. For those who need parking, there is a garage. The garage is 400 sqft. The condition of the building has been evaluated as good. The exterior walls of the home are made of wood. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with oil. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Sep 13, 2017 for $98,750. That's $15.56 per sqft. Prior to that sales transaction, the property was also sold in Jan 8, 1999 for $575,000. 122 Pauls Lane was last assessed in 2023. The total value of the property was assessed at $5,348,600. Specifically, the land the property is located on was valued at $2,897,800. While improvements on the property were assessed at a total of $2,450,800. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $0. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Parking

Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Bedroom Count: 6
  • Bathroom Count: 7
  • Full Bathrooms: 7
  • Partial Bathrooms: 7
  • Building Condition: Good
  • Building Style: Modern
  • Exterior Walls Type: Wood
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 400
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 87,556
  • Total Building Area: 6,347
  • Building Area: 6,347
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 6,347
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Land Acres: 2.01
  • Standard Land Use Code: Single family residential
  • Legal Description 1: N-HAYGROUND ACRES S-TOPPING LN E-TYREE, K W-HORVITZ, J & S

Ownership

  • Current Owner : VASSEL MARY E
  • Current Owner 2: VASSEL ROBERT M
  • Previous Owner : VASSEL MARY E
  • Owner Before Previous Owner: HERRMANN DAVID U
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Southampton Union Free School District
  • School Tax School District: SOUTHHAMPTON
  • Census Tract: 190712

Zoning

  • Zoning: R80

Geography

  • District: 0900-1
  • Section: 103.00
  • Parcel: 0900-103.00-02.00-019.000
  • Block: 2
  • Lot: 19.000
  • Municipality: SOUTHAMPTON
  • Latitude: 40.9194
  • Longitude: -72.321

    Address

  • Full Address: 122 Pauls Ln
  • Address - House Number: 122
  • Address - Street Name: Pauls
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Water Mill
  • Carrier Code: R001
  • 4-Digit Zip Code: 2022
  • Zip Code: 11976

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 473606

    Appraisal Valuation

  • Standard Deviation: 0.2147
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 70
  • Final Value: 2,504,899
  • High Value: 3,042,928
  • Low Value: 1,966,871

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $4,550,000
  • First Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • First Open Lien Mortgage Recording Date: Apr 21, 2021
  • First Open Lien Mortgage Loan Amount: $4,550,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • First Open Lien Mortgage Loan Due Date: May 01, 2051

    Market Valuation

  • Market Total Value: $7,695,827
  • Market Land Value: $4,169,496
  • Market Improvement Value: $3,526,331

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,348,600
  • Assessed Land Value: $2,897,800
  • Assessed Improvements Value: $2,450,800

    Sales

  • Current Sale Contract Date: Sep 13, 2017
  • Current Sale Recording Date: Nov 16, 2017
  • Current Sale Transaction ID: 11419602252
  • Current Sale Price: $98,750
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 0017-0202510
  • Previous Sale Recording Date: Mar 11, 1999
  • Previous Sale Contract Date: Jan 08, 1999
  • Previous Sale Amount: $575,000
  • Previous Sale Document Type: Bargain and Sale Deed

About Bridgehampton



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Frequently Asked Questions

What neighborhood is 122 Pauls Lane located in?
The 122 Pauls Lane is a other located in the neighborhood of Southampton in Bridgehampton, Bridgehampton.
What is the average sales price for listings in 122 Pauls Lane?
The average sales price for units in 122 Pauls Lane is $0 currently.

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