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257 Mitchell Lane

257 Mitchell Lane, Bridgehampton, NY 11932
Property in Southampton
Sold Dec 21, 2012
$1,000,000
$3,120,000 by Td Bank N A
Mortgage Due Nov 01, 2043
Sold Sep 17, 2007
$1,050,000
Local assessors in Bridgehampton, NY have categorized 257 Mitchell Lane as a residential type of property. The home was built in 2013 and is 11 years old. The property's lot size has been calculated to be 40,511 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 7 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. If we look only at the heated or air conditioned part of the building, then 257 Mitchell Lane has a total of 6,023 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from none system. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. The home has been utilizing gas for fuel. 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, 257 Mitchell Lane sold most recently in Dec 5, 2012 for a total of $1,000,000. If you work out the math, that's approximately a cost of $166.03 per sqft. Before that, the property was also sold for $1,050,000 in Sep 5, 2007. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $19,506 in taxes each year. 257 Mitchell Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $5,036,700. If we break it down further, the land itself was valued at $1,489,700. Improvements to the property, however, were assessed at a total of $3,547,000. 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. 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.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: 2013
  • Effective Year Built: 2013
  • Bedroom Count: 7
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 40,511
  • Total Building Area: 6,023
  • Building Area: 6,023
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 6,023
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: None
  • Water Service: None

Building

  • Property Class: Residential
  • Subdivision: JOHN K LIBBY
  • Land Acres: 0.93
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BLK LOT 1

Ownership

  • Current Owner : GRADONE WESLEY
  • Current Owner 2: GRADONE ALYSON
  • Previous Owner : SIMON DEBRA
  • Owner Before Previous Owner: MAYER PATRICIA

Neighborhood

  • School District Name: Bridgehampton Union Free School District
  • School Tax School District: BRIDGEHAMPTON
  • Census Tract: 190712

Zoning

  • Zoning: CR80

Geography

  • Assessors Map Reference: MAP 7707
  • District: 0900-0
  • Section: 68.00
  • Parcel: 0900-068.00-01.00-004.006
  • Block: 1
  • Lot: 4.006
  • Municipality: SOUTHAMPTON
  • Latitude: 40.9432
  • Longitude: -72.3171

    Address

  • Full Address: 257 Mitchell Ln
  • Address - House Number: 257
  • Address - Street Name: Mitchell
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Bridgehampton
  • Zip Code: 11932

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $19,506
  • Tax Rate Code Area: 473609

    Appraisal Valuation

  • Standard Deviation: 0.2147
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 70
  • Final Value: 2,366,153
  • High Value: 2,874,380
  • Low Value: 1,857,925

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $3,990,780
  • First Open Lien Mortgage Lender: TD BANK N A
  • First Open Lien Mortgage Recording Date: Dec 21, 2012
  • First Open Lien Mortgage Loan Amount: $3,120,000
  • First Open Lien Mortgage Term: 370
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2043
  • Second Open Lien Mortgage Lender: US BANK NA
  • Second Open Lien Mortgage Recording Date: Jan 31, 2022
  • Second Open Lien Mortgage Loan Amount: $870,780
  • Second Open Lien Mortgage Term: 348
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • Second Open Lien Mortgage Loan Due Date: Feb 01, 2051

    Market Valuation

  • Market Total Value: $7,247,050
  • Market Land Value: $2,143,453
  • Market Improvement Value: $5,103,597

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,036,700
  • Assessed Land Value: $1,489,700
  • Assessed Improvements Value: $3,547,000

    Sales

  • Current Sale Contract Date: Dec 05, 2012
  • Current Sale Recording Date: Dec 21, 2012
  • Current Sale Transaction ID: 11475299122
  • Current Sale Price: $1,000,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Previous Sale Recording Date: Sep 17, 2007
  • Previous Sale Contract Date: Sep 05, 2007
  • Previous Sale Amount: $1,050,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: TD BANK N A
  • First Mortgage Transaction Date: Dec 21, 2012
  • First Mortgage Loan Amount: $3,120,000
  • First Mortgage Terms: 370
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2043

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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 257 Mitchell Lane located in?
The 257 Mitchell Lane is a located in the neighborhood of Southampton in Bridgehampton, Bridgehampton.
What is the average sales price for listings in 257 Mitchell Lane?
The average sales price for units in 257 Mitchell Lane is $0 currently.

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