Check Availability

124 Gate Lane

124 Gate Lane, Levittown, NY 11756
Property in Levittown
Sold Mar 28, 2005
$487,000
Buyer
Seller
$311,000 by Hsbc Bank Usa
Mortgage
Sold Mar 02, 1999
$252,500
Local assessors in Levittown, NY have categorized 124 Gate Lane as a residential type of property. The home was built in 1955 and is 69 years old. The property's lot size has been calculated to be 6,000 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 600 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a split level style. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 124 Gate Lane has a total of 1,733 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a finished improved basement that is 339 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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 garage underground or in the basement for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has a patio so you'll have a great option in the back of the home. 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+. The building has a roof that is made of shingle (not wood). Lots of brick were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with oil. 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, 124 Gate Lane sold most recently in Mar 16, 2005 for a total of $487,000. If you work out the math, that's approximately a cost of $281.02 per sqft. Before that, the property was also sold for $252,500 in Feb 9, 1999. 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 $12,095 in taxes each year. 124 Gate Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $551. If we break it down further, the land itself was valued at $252. Improvements to the property, however, were assessed at a total of $299. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 1955
  • Effective Year Built: 1955
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C+
  • Building Style: Split level
  • Exterior Walls Type: Brick
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 339
  • Garage Type: Underground/basement
  • Parking Space Count: 1
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,733
  • Building Area: 1,733
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,733
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MAP OF NEWBRIDGE ACRES SECTION #3
  • Land Acres: 0.138
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TOWN #1 SCH DIST 003

Ownership

  • Current Owner : CHAE KYUNG
  • Previous Owner : LAO MICHAEL
  • Owner Before Previous Owner: GAIER ISRAEL
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: East Meadow Union Free School District
  • School Tax School District: 003
  • Census Tract: 408600

Geography

  • District: 282089
  • Section: 45
  • Parcel: 45-541-00-0024
  • Block: 541
  • Lot: 24
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.7408
  • Longitude: -73.5427

    Address

  • Full Address: 124 Gate Ln
  • Address - House Number: 124
  • Address - Street Name: Gate
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Levittown
  • Carrier Code: C038
  • 4-Digit Zip Code: 1733
  • Zip Code: 11756

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $12,095
  • Tax Rate Code Area: 357

    Appraisal Valuation

  • Standard Deviation: 0.2131
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 70
  • Final Value: 714,323
  • High Value: 866,584
  • Low Value: 562,063

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $311,000
  • First Open Lien Mortgage Lender: HSBC BANK USA
  • First Open Lien Mortgage Recording Date: May 17, 2021
  • First Open Lien Mortgage Loan Amount: $311,000
  • 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: $551,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $551
  • Assessed Land Value: $252
  • Assessed Improvements Value: $299

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 16, 2005
  • Current Sale Recording Date: Mar 28, 2005
  • Current Sale Transaction ID: 1115464316
  • Current Sale Price: $487,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Mar 02, 1999
  • Previous Sale Contract Date: Feb 09, 1999
  • Previous Sale Amount: $252,500
  • Previous Sale Document Type: Deed

About Levittown



Similar Buildings

Property at 124 Gate Lane,

156 Stephen Street

  • 1 Unit for Sale
156 Stephen Street, Levittown, NY 11756
Property at 124 Gate Lane,

129 Rim Lane

  • 1 Unit for Sale
129 Rim Lane, Hicksville, NY 11801
Property at 124 Gate Lane,

103 Myles Avenue

  • 1 Unit for Sale
103 Myles Avenue, Levittown, NY 11756
Property at 124 Gate Lane,

32 Foster Lane

  • 1 Unit for Sale
32 Foster Lane, Westbury, NY 11590
Property at 124 Gate Lane,

75 Hearth Lane

  • 1 Unit for Sale
75 Hearth Lane, Westbury, NY 11590
Property at 124 Gate Lane,

33 Petal Lane

  • 1 Unit for Sale
33 Petal Lane, Hicksville, NY 11801
Property at 124 Gate Lane,

16 Brittle Lane

  • 1 Unit for Sale
16 Brittle Lane, Hicksville, NY 11801
Property at 124 Gate Lane,

39 West Cabot Lane

  • 1 Unit for Sale
39 West Cabot Lane, Westbury, NY 11590
Property at 124 Gate Lane,

91 Stewart Avenue

  • 1 Unit for Sale
91 Stewart Avenue, Hicksville, NY 11801

Nearby Rentals

Unit for rent at 39 Gun Lane, Levittown, NY, 11756

$4,200 /mo

  • 4 Beds
  • 1 Bath
39 Gun Lane, Levittown, NY, 11756 Listing by Richard R Krug Jr
Unit for rent at 27 Jay Street, Hicksville, NY, 11801

$3,900 /mo

  • 3 Beds
  • 2 Baths
27 Jay Street, Hicksville, NY, 11801 Listing by Nicole S Reyes
Unit for rent at 1887 Stone Avenue, East Meadow, NY, 11554

$3,990 /mo

  • 3 Beds
  • 2 Baths
1887 Stone Avenue #RTSID, East Meadow, NY, 11554 Listing by Richard P Krug Sr
Unit for rent at 25 Peachtree Ln, Levittown, NY, 11756

$4,000 /mo

  • 4 Beds
  • 2 Baths
25 Peachtree Ln, Levittown, NY, 11756 Listing by Isha Puri
Unit for rent at 2262 Jefferson Street, East Meadow, NY, 11554

$4,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,075 ft²
2262 Jefferson Street, East Meadow, NY, 11554 Listing by Gurinder S Cheema
Unit for rent at 7 Lawnside Drive, Hicksville, NY, 11801

$4,200 /mo

  • 4 Beds
  • 4 Baths
7 Lawnside Drive, Hicksville, NY, 11801 Listing by Gracy Bathija Nath

Frequently Asked Questions

What neighborhood is 124 Gate Lane located in?
The 124 Gate Lane is a located in the neighborhood of Levittown in Levittown, Levittown.
What is the average sales price for listings in 124 Gate Lane?
The average sales price for units in 124 Gate Lane is $0 currently.

Quantcast