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22 Fair Lane

22 Fair Lane, Jericho, NY 11753
Property in Jericho
Sold Aug 03, 2021
$950,000
$600,000 by Finance America Mtg Llc
Mortgage
Sold Nov 10, 2006
$680,000
22 Fair Lane 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 1958 and is 66 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, 22 Fair Lane has 1,920 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 372 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 1,000 ft and across the front of the lot is 720 ft. The area measurement of the land has been determined as 7,200 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. Love to swim? You'll be excited to find out that there is a vinyl in-ground pool on the property. 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 oil. 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, 22 Fair Lane sold most recently in Jul 27, 2021 for a total of $950,000. If you work out the math, that's approximately a cost of $494.79 per sqft. Before that, the property was also sold for $680,000 in Oct 18, 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 $20,789 in taxes each year. 22 Fair Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $760. If we break it down further, the land itself was valued at $361. Improvements to the property, however, were assessed at a total of $399. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1958
  • Effective Year Built: 1958
  • 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: 372
  • Garage Type: Underground/basement
  • Parking Space Count: 2
  • Pool Type: Vinyl in-ground pool

    Dimensions

  • Lot Size Square Feet: 7,200
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 720
  • Total Building Area: 1,920
  • Building Area: 1,920
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,920
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.165
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TOWN #3 SCH DIST 014

Ownership

  • Current Owner : WU CHUNG SHUN
  • Current Owner 2: CHEN LANYAN
  • Previous Owner : DING CHRISTINA Y
  • Previous Owner 2: SO SIU K
  • Owner Before Previous Owner: ROSENBERG SANDRA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Syosset Central School District
  • School Tax School District: 014
  • Census Tract: 518600

Geography

  • District: 282489
  • Section: 12
  • Parcel: 12-582-00-0009
  • Block: 582
  • Lot: 9
  • Municipality: OYSTER BAY UNINCORPORATED
  • Latitude: 40.7972
  • Longitude: -73.5203

    Address

  • Full Address: 22 Fair Ln
  • Address - House Number: 22
  • Address - Street Name: Fair
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Jericho
  • Carrier Code: C015
  • 4-Digit Zip Code: 2310
  • Zip Code: 11753

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $20,789
  • Tax Rate Code Area: 588

    Appraisal Valuation

  • Standard Deviation: 0.164
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 1,021,629
  • High Value: 1,189,266
  • Low Value: 853,992

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $600,000
  • First Open Lien Mortgage Lender: FINANCE AMERICA MTG LLC
  • First Open Lien Mortgage Recording Date: Aug 03, 2021
  • First Open Lien Mortgage Loan Amount: $600,000
  • 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: $760,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $760
  • Assessed Land Value: $361
  • Assessed Improvements Value: $399

    Sales

  • Current Sale Contract Date: Jul 27, 2021
  • Current Sale Recording Date: Aug 03, 2021
  • Current Sale Transaction ID: 11849399031
  • Current Sale Price: $950,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2021-102143
  • Previous Sale Recording Date: Nov 10, 2006
  • Previous Sale Contract Date: Oct 18, 2006
  • Previous Sale Amount: $680,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FINANCE AMERICA MTG LLC
  • First Mortgage Transaction Date: Aug 03, 2021
  • First Mortgage Loan Amount: $600,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

About Jericho



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Frequently Asked Questions

What neighborhood is 22 Fair Lane located in?
The 22 Fair Lane is a located in the neighborhood of Jericho in Jericho, Jericho.
What is the average sales price for listings in 22 Fair Lane?
The average sales price for units in 22 Fair Lane is $0 currently.

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