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3 Cambridge Street

3 Cambridge Street, Malverne, NY 11565
Property in Malverne
Sold Sep 01, 2020
$322,500
$274,125 by Plaza Home Mortgage Inc
Mortgage Due Sep 01, 2050
3 Cambridge Street has been categorized by the local assessors in Malverne, NY as a residential type of property. The building on the property was first built in 1925 and is 99 years old. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 3 Cambridge Street has 1,478 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,080 ft and across the front of the lot is 400 ft. The area measurement of the land has been determined as 4,280 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a Cape Cod 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 detached garage for those who require parking. The garage measured 216 sqft. According to our sources, there is one available parking space. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C+ by the local assessor. The roof of the building is made of asbestos. The exterior walls of the building are made of brick. 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. 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, 3 Cambridge Street sold most recently in Aug 19, 2020 for a total of $322,500. If you work out the math, that's approximately a cost of $218.20 per sqft. 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 $9,511 in taxes each year. 3 Cambridge Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $437. If we break it down further, the land itself was valued at $171. Improvements to the property, however, were assessed at a total of $266. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1925
  • Effective Year Built: 1925
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C+
  • Building Style: Cape Cod
  • Exterior Walls Type: Brick
  • Roof Cover Type: Asbestos
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 216
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 4,280
  • Lot Size Depth Feet: 1,080
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,478
  • Building Area: 1,478
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,478
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MAP OF LYNBROOK PLAZA
  • Land Acres: 0.098
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TOWN #1 SCH DIST 012

Ownership

  • Current Owner : BERTONI ELLIOT STEPHEN
  • Previous Owner : LAUTH TRUST
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Malverne Union Free School District
  • School Tax School District: 012
  • School Tax District Code 2: LYN
  • Census Tract: 410200

Geography

  • District: 282025
  • Section: 38
  • Parcel: 38-029-00-0399
  • Block: 29
  • Lot: 399-400
  • Municipality: LYNBROOK
  • Latitude: 40.6667
  • Longitude: -73.6646

    Address

  • Full Address: 3 Cambridge St
  • Address - House Number: 3
  • Address - Street Name: Cambridge
  • Address - Suffix Type: St
  • State: NY
  • City Name: Malverne
  • Carrier Code: C001
  • 4-Digit Zip Code: 2304
  • Zip Code: 11565

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,511
  • Tax Rate Code Area: 286

    Appraisal Valuation

  • Standard Deviation: 0.1687
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 78
  • Final Value: 663,089
  • High Value: 774,991
  • Low Value: 551,188

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $274,125
  • First Open Lien Mortgage Lender: PLAZA HOME MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Sep 01, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $274,125
  • 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: Sep 01, 2050

    Market Valuation

  • Market Total Value: $437,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $437
  • Assessed Land Value: $171
  • Assessed Improvements Value: $266

    Sales

  • Current Sale Contract Date: Aug 19, 2020
  • Current Sale Recording Date: Sep 01, 2020
  • Current Sale Transaction ID: 11787547603
  • Current Sale Price: $322,500
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2020-079914

    Last Sale Mortgage

  • First Mortgage Lender: PLAZA HOME MORTGAGE INC
  • First Mortgage Transaction Date: Sep 01, 2020
  • First Mortgage Loan Amount: $274,125
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Malverne



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Frequently Asked Questions

What neighborhood is 3 Cambridge Street located in?
The 3 Cambridge Street is a located in the neighborhood of Malverne in Malverne, Malverne.
What is the average sales price for listings in 3 Cambridge Street?
The average sales price for units in 3 Cambridge Street is $0 currently.

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