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14 Lake Drive

14 Lake Drive, Southampton, NY 11968
Property in Shelter Island
Sold Jan 08, 2013
$507,000
$340,000 by Td Bank Na
Mortgage Due Nov 01, 2036
Sold Aug 27, 2002
$340,000
$110,000 by The Suffolk County National Ba
Mortgage Due Aug 01, 2017
14 Lake Drive has been categorized by the local assessors in Southampton, NY as a residential type of property. The building on the property was first built in 1998 and is 26 years old. However, we must point out that the home was most recently renovated and altered in 2008. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 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, 14 Lake Drive has 1,188 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 1,093 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 area measurement of the land has been determined as 20,909 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler 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 for those who require parking. Residents will have the luxury of enjoying a covered porch. Love to swim? You'll be excited to find out that there is a pool on the property. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a hot water heating system and being fueled with oil. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a well system. The property is connected to a septic system and not a municipal sewage system. The homeowner of this property will need to handle their own water disposal. The property was last sold in Dec 28, 2012 for $507,000. That's $426.77 per sqft. Prior to that sales transaction, the property was also sold in Jul 26, 2002 for $340,000. 14 Lake Drive was last assessed in 2023. The total value of the property was assessed at $770,900. Specifically, the land the property is located on was valued at $245,100. While improvements on the property were assessed at a total of $525,800. 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 $4,412. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 2008
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 1
  • Basement Type: Finished improved basement
  • Basement Area: 1,093
  • Garage Type: Garage
  • Parking Space Count: 0
  • Porch Type: Covered porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 20,909
  • Lot Size Frontage Feet: 1,040
  • Total Building Area: 1,188
  • Building Area: 1,188
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Hot water
  • Heated Square Feet: 1,188
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Land Acres: 0.48
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : REDSTONE JEREMIAH
  • Current Owner 2: REDSTONE ALLISON
  • Previous Owner : MICHOS JAMES G
  • Previous Owner 2: MICHOS PATRICIA C
  • Owner Before Previous Owner: DECICCO GILBERT
  • Owner Before Previous Owner 2: DECICCO JOSEPHINE

Neighborhood

  • School District Name: Shelter Island Union Free School District
  • School Tax School District: SHELTER ISLAND
  • Census Tract: 180300

Zoning

  • Zoning: C

Geography

  • Account Number: 3766
  • District: 0700-0
  • Section: 19
  • Parcel: 0700-019.00-01.00-095.000
  • Block: 1
  • Lot: 95.000
  • Municipality: SHELTER ISLAND
  • Latitude: 41.0601
  • Longitude: -72.3381

    Address

  • Full Address: 14 Lake Dr
  • Address - House Number: 14
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Shelter Island
  • Zip Code: 11964

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,412
  • Tax Rate Code Area: 473201

    Appraisal Valuation

  • Standard Deviation: 0.2393
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 66
  • Final Value: 1,032,735
  • High Value: 1,279,901
  • Low Value: 785,569

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $540,000
  • First Open Lien Mortgage Lender: TD BANK NA
  • First Open Lien Mortgage Recording Date: Oct 05, 2021
  • First Open Lien Mortgage Loan Amount: $340,000
  • First Open Lien Mortgage Term: 180
  • 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: Nov 01, 2036
  • Second Open Lien Mortgage Lender: TD BANK NA
  • Second Open Lien Mortgage Recording Date: Oct 05, 2021
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $200,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Nov 01, 2051

    Market Valuation

  • Market Total Value: $1,056,027
  • Market Land Value: $335,753
  • Market Improvement Value: $720,274

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $770,900
  • Assessed Land Value: $245,100
  • Assessed Improvements Value: $525,800

    Sales

  • Current Sale Contract Date: Dec 28, 2012
  • Current Sale Recording Date: Jan 08, 2013
  • Current Sale Transaction ID: 1137394950
  • Current Sale Price: $507,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Previous Sale Recording Date: Aug 27, 2002
  • Previous Sale Contract Date: Jul 26, 2002
  • Previous Sale Amount: $340,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARDHILL FINANCIAL CORP
  • First Mortgage Transaction Date: Jan 08, 2013
  • First Mortgage Loan Amount: $405,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2043

    Previous Mortgages

  • Previous Mortgage Lender: THE SUFFOLK COUNTY NATIONAL BA
  • Previous Mortgage Transaction Date: Aug 27, 2002
  • Previous Mortgage Loan Amount: $110,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Due Date: Aug 01, 2017

About Shelter Island



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 14 Lake Drive located in?
The 14 Lake Drive is a located in the neighborhood of Shelter Island in Shelter Island, Southampton.
What is the average sales price for listings in 14 Lake Drive?
The average sales price for units in 14 Lake Drive is $0 currently.

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