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197 Commonwealth Street

197 Commonwealth Street, Franklin Square, NY 11010
Sold Feb 16, 2022
$580,000
$435,000 by Quontic Bank
Mortgage
197 Commonwealth Street has been categorized by the local assessors in Franklin Square, NY as a residential type of property. The building on the property was first built in 1937 and is 87 years old. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 197 Commonwealth Street has 1,462 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,000 ft and across the front of the lot is 490 ft. The area measurement of the land has been determined as 4,900 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a colonial 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 detached garage for those who require parking. The garage measured 198 sqft. Residents will have the luxury of enjoying a open porch. 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 C+ by the local assessor. The roof of the building is made of shingle (not wood). 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 central heating system and being fueled with gas. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 197 Commonwealth Street was last sold in Feb 1, 2022 for $580,000. According to our calculations, that's $396.72 per sqft. Current property owners are expected to pay $13,193 in taxes per year. The property on 197 Commonwealth Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $618. To break that down further, the land itself was valued at $266. While improvements to the property were assessed at a total of $352. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Aluminum Siding
Vinyl Siding

Parking

Detached Garage
On-Street Parking
Private Parking
Detached Garage: 1 Space
Garage Parking

Location

Near Public Transit
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1937
  • Effective Year Built: 1937
  • Total Rooms: 8
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: Good
  • Building Quality: C+
  • Construction Type: Frame
  • Building Style: Colonial
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 198
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 4,900
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 490
  • Total Building Area: 1,462
  • Building Area: 1,462
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,462
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.112
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TOWN #1 SCH DIST 017

Ownership

  • Current Owner : KATARIA GURDEEP K
  • Previous Owner : MANCUSO CHARLES
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Franklin Square Union Free School District
  • School Tax School District: 017
  • Census Tract: 405500

Geography

  • District: 282089
  • Section: 35
  • Parcel: 35-193-00-0101
  • Block: 193
  • Lot: 101
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.7024
  • Longitude: -73.6692

    Address

  • Full Address: 197 Commonwealth St
  • Address - House Number: 197
  • Address - Street Name: Commonwealth
  • Address - Suffix Type: St
  • State: NY
  • City Name: Franklin Square
  • Carrier Code: C022
  • 4-Digit Zip Code: 3519
  • Zip Code: 11010

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $13,193
  • Tax Rate Code Area: 475

    Appraisal Valuation

  • Standard Deviation: 0.176
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 77
  • Final Value: 721,822
  • High Value: 848,878
  • Low Value: 594,767

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $435,000
  • First Open Lien Mortgage Lender: QUONTIC BANK
  • First Open Lien Mortgage Recording Date: Feb 16, 2022
  • First Open Lien Mortgage Loan Amount: $435,000
  • 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: $618,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $618
  • Assessed Land Value: $266
  • Assessed Improvements Value: $352

    Sales

  • Current Sale Contract Date: Feb 01, 2022
  • Current Sale Recording Date: Feb 16, 2022
  • Current Sale Transaction ID: 11880359832
  • Current Sale Price: $580,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2022-020941

    Last Sale Mortgage

  • First Mortgage Lender: QUONTIC BANK
  • First Mortgage Transaction Date: Feb 16, 2022
  • First Mortgage Loan Amount: $435,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

About Franklin Square



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$3,000 /mo

  • 3 Beds
  • 1 Bath
  • 10,000 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 197 Commonwealth Street located in?
The 197 Commonwealth Street is a house located in the neighborhood of Franklin Square in Franklin Square, Franklin Square.
What is the average sales price for listings in 197 Commonwealth Street?
The average sales price for units in 197 Commonwealth Street is $0 currently.

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