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261 Norris Lane

261 Norris Lane, Bridgehampton, NY 11932
Property in Southampton
Sold Apr 30, 2014
$2,200,000
$1,980,000 by Citibank N A
Mortgage Due May 01, 2044
Sold Dec 29, 2003
$1,300,000
261 Norris Lane in Bridgehampton, NY was first built in 1991 and is 33 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 261 Norris Lane has 2,527 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. In total, the area measurement of the land is 43,560 square feet.

Learn more about the property and building on this page. There is a open porch. For those who love swimming as a form of exercise, you'll be excited to find out that there is a vinyl in-ground pool on the property. Water for the property is sourced from a well 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. The quality of the control joints have been graded by the local assessor with a letter grade of B. The exterior walls of the home are made of wood. As for heating, the home is utilizing a hot water heating system and being fueled with oil. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 261 Norris Lane sold most recently in Apr 14, 2014 for a total of $2,200,000. If you work out the math, that's approximately a cost of $870.60 per sqft. Before that, the property was also sold for $1,300,000 in Dec 10, 2003. 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 $0 in taxes each year. 261 Norris Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,189,300. If we break it down further, the land itself was valued at $1,201,300. Improvements to the property, however, were assessed at a total of $988,000. 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. 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.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: 1991
  • Effective Year Built: 1991
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: B
  • Exterior Walls Type: Wood
  • Floor Count: 2
  • Basement Type: Partial basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch
  • Pool Type: Vinyl in-ground pool

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 2,527
  • Building Area: 2,527
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 2,527
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Land Acres: 1
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : WILLIAMS JOHN R
  • Current Owner 2: COHEN EMILIE S
  • Previous Owner : ONEILL ELLEN
  • Owner Before Previous Owner: EINHORN SHARONE
  • Owner Before Previous Owner 2: FEUER DAVID M

Neighborhood

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

Zoning

  • Zoning: CR40

Geography

  • District: 0900-0
  • Section: 72.00
  • Parcel: 0900-072.00-01.00-001.008
  • Block: 1
  • Lot: 1.008
  • Municipality: SOUTHAMPTON
  • Latitude: 40.9457
  • Longitude: -72.2957

    Address

  • Full Address: 261 Norris Ln
  • Address - House Number: 261
  • Address - Street Name: Norris
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Bridgehampton
  • Zip Code: 11932

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 473609

    Appraisal Valuation

  • Standard Deviation: 0.2695
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 61
  • Final Value: 2,470,839
  • High Value: 3,136,834
  • Low Value: 1,804,844

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $2,250,000
  • First Open Lien Mortgage Lender: CITIBANK N A
  • First Open Lien Mortgage Recording Date: Apr 30, 2014
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,980,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2044
  • Second Open Lien Mortgage Lender: CITIBANK NA
  • Second Open Lien Mortgage Recording Date: May 11, 2017
  • Second Open Lien Mortgage Financing Type: Adjustable Rate
  • Second Open Lien Mortgage Loan Amount: $270,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Interest Rate Type: Y
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Second Open Lien Mortgage Loan Due Date: May 01, 2047

    Market Valuation

  • Market Total Value: $3,150,072
  • Market Land Value: $1,728,489
  • Market Improvement Value: $1,421,583

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,189,300
  • Assessed Land Value: $1,201,300
  • Assessed Improvements Value: $988,000

    Sales

  • Current Sale Contract Date: Apr 14, 2014
  • Current Sale Recording Date: Apr 30, 2014
  • Current Sale Transaction ID: 11475307407
  • Current Sale Price: $2,200,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Previous Sale Recording Date: Dec 29, 2003
  • Previous Sale Contract Date: Dec 10, 2003
  • Previous Sale Amount: $1,300,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIBANK N A
  • First Mortgage Transaction Date: Apr 30, 2014
  • First Mortgage Loan Amount: $1,980,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2044

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Bridgehampton



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Frequently Asked Questions

What neighborhood is 261 Norris Lane located in?
The 261 Norris Lane is a located in the neighborhood of Southampton in Bridgehampton, Bridgehampton.
What is the average sales price for listings in 261 Norris Lane?
The average sales price for units in 261 Norris Lane is $0 currently.

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