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251 South 5th Avenue

251 South 5th Avenue, Mount Vernon, NY 10550
Multifamily in South Side
Sold Oct 17, 2017
$750,000
$525,000 by Flushing Bank
Mortgage Due Oct 17, 2047
This has been categorized as a residential property type. In total, the area measurement of the land is 5,227 square feet.

Learn more about the property and building on this page. 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, 251 South 5th Avenue was last sold in Oct 10, 2017 for $750,000. Current property owners are expected to pay $22,392 in taxes per year. The property on 251 South 5th Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $14,000. To break that down further, the land itself was valued at $3,000. While improvements to the property were assessed at a total of $11,000. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,227
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VILLAGE OF MOUNT VERNON
  • Land Acres: 0.12
  • Standard Land Use Code: Apartments (generic)

Ownership

  • Current Owner : LOTUS ASSOCIATES LLC
  • Previous Owner : PONE NETTIE
  • Previous Owner 2: PONE WILLIE L
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Mount Vernon School District
  • School Tax School District: MOUNT VERNON
  • Census Tract: 003100

Geography

  • Account Number: 078300
  • District: 550800
  • Section: 169.22
  • Parcel: 550800 169.22-3089-29
  • Block: 3089
  • Lot: 29.000
  • Municipality: MT VERNON
  • Latitude: 40.9048
  • Longitude: -73.8352

    Address

  • Full Address: 251 S 5th Ave
  • Address - House Number: 251
  • Street Direction: S
  • Address - Street Name: 5th
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Mount Vernon
  • Carrier Code: C007
  • 4-Digit Zip Code: 3839
  • Zip Code: 10550

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $22,392
  • Tax Rate Code Area: 550800

    Appraisal Valuation

  • Standard Deviation: 0.4572
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 8
  • Final Value: 635,498
  • High Value: 926,050
  • Low Value: 344,945

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $525,000
  • First Open Lien Mortgage Lender: FLUSHING BANK
  • First Open Lien Mortgage Recording Date: Oct 17, 2017
  • First Open Lien Mortgage Loan Amount: $525,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Oct 17, 2047

    Market Valuation

  • Market Total Value: $818,714
  • Market Land Value: $175,439
  • Market Improvement Value: $643,275

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $14,000
  • Assessed Land Value: $3,000
  • Assessed Improvements Value: $11,000

    Sales

  • Current Sale Contract Date: Oct 10, 2017
  • Current Sale Recording Date: Oct 17, 2017
  • Current Sale Transaction ID: 11347171086
  • Current Sale Price: $750,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 572773535

    Last Sale Mortgage

  • First Mortgage Lender: FLUSHING BANK
  • First Mortgage Transaction Date: Oct 17, 2017
  • First Mortgage Loan Amount: $525,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

About South Side



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Frequently Asked Questions

What neighborhood is 251 South 5th Avenue located in?
The 251 South 5th Avenue is a multifamily located in the neighborhood of South Side in South Side, Mount Vernon.
What is the average sales price for listings in 251 South 5th Avenue?
The average sales price for units in 251 South 5th Avenue is $0 currently.

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