Check Availability

3 Old Colony Lane

3 Old Colony Lane, Great Neck, NY 11023
Sold Aug 26, 1996
$522,500
$290,000 by Fairmont Funding Ltd
Mortgage
3 Old Colony Lane has been categorized by the local assessors in Great Neck, NY as a residential type of property. The building on the property was first built in 1937 and is 87 years old. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 3 Old Colony Lane has 2,436 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 1,000 ft and across the front of the lot is 1,000 ft. The area measurement of the land has been determined as 10,000 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a colonial 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 garage for those who require parking. The garage measured 360 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying a open porch. Moving on to the building itself. The condition of the building has been evaluated as good. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The roof of the building is made of slate. 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 and being fueled with oil. 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 Old Colony Lane sold most recently in Aug 21, 1996 for a total of $522,500. If you work out the math, that's approximately a cost of $214.49 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 $16,733 in taxes each year. 3 Old Colony Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,125. If we break it down further, the land itself was valued at $535. Improvements to the property, however, were assessed at a total of $590. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1937
  • Effective Year Built: 1937
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Good
  • Building Quality: B
  • Building Style: Colonial
  • Exterior Walls Type: Brick
  • Roof Cover Type: Slate
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 360
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 10,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,436
  • Building Area: 2,436
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,436
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.23
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TOWN #2 SCH DIST 007

Ownership

  • Current Owner : PRESS ARTHUR
  • Current Owner 2: PRESS ILENE
  • Previous Owner : LEFF MITCHELL
  • Previous Owner 2: LEFF PAMELA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Great Neck Union Free School District
  • School Tax School District: 007
  • School Tax District Code 2: GN
  • Census Tract: 300400

Geography

  • District: 282209
  • Section: 1
  • Parcel: 01-104-00-0602
  • Block: 104
  • Lot: 602
  • Municipality: GREAT NECK
  • Latitude: 40.7996
  • Longitude: -73.7205

    Address

  • Full Address: 3 Old Colony Ln
  • Address - House Number: 3
  • Address - Street Name: Old Colony
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Great Neck
  • Carrier Code: C048
  • 4-Digit Zip Code: 1623
  • Zip Code: 11023

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $16,733
  • Tax Rate Code Area: 817

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 1,403,400
  • High Value: 1,629,869
  • Low Value: 1,176,931

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $290,000
  • First Open Lien Mortgage Lender: FAIRMONT FUNDING LTD
  • First Open Lien Mortgage Recording Date: Aug 26, 1996
  • First Open Lien Mortgage Loan Amount: $290,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1

    Market Valuation

  • Market Total Value: $1,125,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,125
  • Assessed Land Value: $535
  • Assessed Improvements Value: $590

    Sales

  • Current Sale Contract Date: Aug 21, 1996
  • Current Sale Recording Date: Aug 26, 1996
  • Current Sale Transaction ID: 1115665463
  • Current Sale Price: $522,500
  • Current Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRMONT FUNDING LTD
  • First Mortgage Transaction Date: Aug 26, 1996
  • First Mortgage Loan Amount: $290,000

About Great Neck



Similar Buildings

Property at 3 Old Colony Lane,

109 Station Road

  • 1 Unit for Sale
  • 1 Story
109 Station Road, Great Neck, NY 11023 Other in Great Neck Gardens
Property at 3 Old Colony Lane,

57 Plymouth Road

  • 1 Unit for Sale
  • 1 Story
57 Plymouth Road, Great Neck, NY 11023 House in Great Neck Gardens
Property at 3 Old Colony Lane,

1 Birch Street

  • 1 Unit for Sale
  • 2 Stories
1 Birch Street, Great Neck, NY 11023 House in Great Neck Gardens
Property at 3 Old Colony Lane,

6 South Gate Road

  • 1 Unit for Sale
  • 2 Stories
6 South Gate Road, Great Neck, NY 11023 House in Great Neck Gardens
Property at 3 Old Colony Lane,

2 Brampton Lane

  • 1 Unit for Sale
  • 2 Stories
2 Brampton Lane, Great Neck, NY 11023 House in Great Neck Gardens
Property at 3 Old Colony Lane,

337 East Shore Road

  • 1 Unit for Sale
337 East Shore Road, Great Neck, NY 11023 House in Great Neck Gardens
Property at 3 Old Colony Lane,

320 East Shore Road

  • 4 Units for Sale
  • 3 Stories
320 East Shore Road, Great Neck, NY 11023 Coop in Great Neck Gardens
Property at 3 Old Colony Lane,

70 Warwick Road

  • 1 Unit for Sale
  • 2 Stories
70 Warwick Road, Great Neck, NY 11023 House in Great Neck Gardens
Property at 3 Old Colony Lane,

355 East Shore Road

  • 1 Unit for Sale
  • 2 Stories
355 East Shore Road, Great Neck, NY 11023 House in Great Neck Gardens

Nearby Rentals

Unit for rent at 55 S Middle Neck Road, Great Neck, NY, 11021

$4,300 /mo

  • 2 Beds
  • 2 Baths
55 S Middle Neck Road #3A, Great Neck, NY, 11021 Listing by Shibao Li
Unit for rent at 42-16 Little Neck Parkway, Little Neck, NY, 11362

$4,200 /mo

  • 3 Beds
  • 2 Baths
42-16 Little Neck Parkway #2FL, Little Neck, NY, 11362 Listing by Jai Lyn Chang
Unit for rent at 4 Chelsea Place, Great Neck, NY 11021

$4,150 /mo

  • 2 Beds
  • 2 Baths
  • 900 ft²
4 Chelsea Place #3F, Great Neck, NY 11021 Listing by Roger Mashihi

Frequently Asked Questions

What neighborhood is 3 Old Colony Lane located in?
The 3 Old Colony Lane is a located in the neighborhood of Great Neck Gardens in Great Neck, Great Neck.
What is the average sales price for listings in 3 Old Colony Lane?
The average sales price for units in 3 Old Colony Lane is $0 currently.

Quantcast