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2540 East Mechanic Street

2540 East Mechanic Street, Cato, NY 13033
Property in Ira
Sold Aug 22, 2022
$49,250
$70,000 by Community Bank Na
Mortgage Due Sep 01, 2042
Sold Jan 30, 2020
$74,900
$71,155 by Community Bank Na
Mortgage
2540 East Mechanic Street in Cato, NY was first built in 2003 and is 21 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a prefab, modular style. It is a single story home. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 2540 East Mechanic Street has 1,188 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 1,000 ft and the linear feet between the front and back of the lot is 1,500. In total, the area measurement of the land is 15,000 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a municipal system. The property is not connected to a municipal sewage system. Instead, it is connected to a septic system which you will need to handle on your own. For those who need parking, there is a attached garage. The garage is 576 sqft. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as average. The exterior walls of the home are made of alum/vinyl siding. As for heating, the home is utilizing a forced air unit. 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, 2540 East Mechanic Street was last sold in Aug 12, 2022 for $49,250. According to our calculations, that's $41.46 per sqft. Prior to that sales transaction, the property was sold for $74,900 in Jan 21, 2020. Current property owners are expected to pay $3,168 in taxes per year. The property on 2540 East Mechanic Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $85,200. To break that down further, the land itself was valued at $14,000. While improvements to the property were assessed at a total of $71,200. 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

Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Prefab, Modular
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 576
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 15,000
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,188
  • Building Area: 1,188
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,188
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Septic
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.344
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SM W-65, LOT A & B

Ownership

  • Current Owner : CASSELL NICHOLAS A
  • Previous Owner : CASSELL II NICHOLAS A
  • Owner Before Previous Owner: LYON PHYLLIS H
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Cato-Meridian Central School District
  • School Tax School District: CATO-MERIDIAN
  • Census Tract: 040202

Zoning

  • Zoning: 02 - SINGL

Geography

  • Account Number: 34006050
  • District: 053201
  • Section: 45.16
  • Parcel: 053201 45.16-2-18
  • Block: 2
  • Lot: 18.000
  • Municipality: CATO
  • Latitude: 43.1694
  • Longitude: -76.572

    Address

  • Full Address: 2540 E Mechanic St
  • Address - House Number: 2540
  • Street Direction: E
  • Address - Street Name: Mechanic
  • Address - Suffix Type: St
  • State: NY
  • City Name: Cato
  • Carrier Code: R001
  • 4-Digit Zip Code: 3379
  • Zip Code: 13033

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,168
  • Tax Rate Code Area: 52401

    Appraisal Valuation

  • Standard Deviation: 0.461
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 54
  • Final Value: 134,077
  • High Value: 176,302
  • Low Value: 91,851

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $70,000
  • First Open Lien Mortgage Lender: COMMUNITY BANK NA
  • First Open Lien Mortgage Recording Date: Aug 22, 2022
  • First Open Lien Mortgage Loan Amount: $70,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2042

    Market Valuation

  • Market Total Value: $120,000
  • Market Land Value: $19,718
  • Market Improvement Value: $100,282

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $85,200
  • Assessed Land Value: $14,000
  • Assessed Improvements Value: $71,200

    Sales

  • Current Sale Contract Date: Aug 12, 2022
  • Current Sale Recording Date: Aug 22, 2022
  • Current Sale Transaction ID: 11894941483
  • Current Sale Price: $49,250
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 216224
  • Previous Sale Recording Date: Jan 30, 2020
  • Previous Sale Contract Date: Jan 21, 2020
  • Previous Sale Amount: $74,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: COMMUNITY BANK NA
  • First Mortgage Transaction Date: Aug 22, 2022
  • First Mortgage Loan Amount: $70,000
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2042

    Previous Mortgages

  • Previous Mortgage Lender: COMMUNITY BANK NA
  • Previous Mortgage Transaction Date: Jan 30, 2020
  • Previous Mortgage Loan Amount: $71,155
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About Cato



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Frequently Asked Questions

What neighborhood is 2540 East Mechanic Street located in?
The 2540 East Mechanic Street is a modular home located in the neighborhood of Ira in Cato, Cato.
What is the average sales price for listings in 2540 East Mechanic Street?
The average sales price for units in 2540 East Mechanic Street is $0 currently.

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