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304 Ocean Avenue

304 Ocean Avenue, Lawrence, NY 11559
House in Lawrence
Sold Oct 26, 2022
$6,024,000
$4,500,000 by Jg Funding Corp
Mortgage
Sold Mar 17, 2020
$1,425,000
$855,000 by First Republic Bank
Mortgage Due Apr 01, 2050
304 Ocean Avenue has been categorized by the local assessors in Lawrence, NY as a residential type of property. The building on the property was first built in 1898 and is 126 years old. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. The building has a total of 3 stories. In addition, 304 Ocean Avenue has 4,467 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 43,560 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bungalow 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 200 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying both a open porch and a patio. Love to swim? You'll be excited to find out that there is a vinyl in-ground pool on the property. Moving on to the building itself. The condition of the building has been evaluated as excellent. From what we've gathered, the quality of these control joints have been graded with a letter grade of A- by the local assessor. The exterior walls of the building are made of wood. 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 gas. There are 2 fireplaces 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. The property was last sold in Oct 3, 2022 for $6,024,000. That's $1,348.56 per sqft. Prior to that sales transaction, the property was also sold in Mar 6, 2020 for $1,425,000. 304 Ocean Avenue was last assessed in 2023. The total value of the property was assessed at $1,657. Specifically, the land the property is located on was valued at $930. While improvements on the property were assessed at a total of $727. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $22,166. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Parking

Garage Parking
Private Parking
Detached Garage
Detached Garage: 1 Space

Swimming Pool

Inground Pool

Location

Corner Lot
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1898
  • Effective Year Built: 1898
  • Building Count: 2
  • Total Rooms: 19
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: Excellent
  • Building Quality: A-
  • Building Style: Bungalow
  • Exterior Walls Type: Wood
  • Floor Count: 3
  • Living Units: 2
  • Basement Type: Unfinished basement
  • Basement Area: 160
  • Garage Type: Garage
  • Garage Square Area: 200
  • Parking Space Count: 1
  • Patio Type: Patio
  • Porch Type: Open porch
  • Pool Type: Vinyl in-ground pool

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 4,467
  • Gross Building Area: 4,467
  • Building Area: 4,467
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 2
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,467
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 1
  • Standard Land Use Code: Residential income (general) (multi-family)
  • Legal Description 1: TOWN #1 SCH DIST 015

Ownership

  • Current Owner : 304 OCEAN LLC
  • Previous Owner : SKI DEVELOPMENT 4 LLC
  • Owner Before Previous Owner: JACOBOWITZ HADASSA
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Lawrence Union Free School District
  • School Tax School District: 015
  • School Tax District Code 2: LAW
  • Census Tract: 411600

Geography

  • District: 282023
  • Section: 41
  • Parcel: 41-056-00-0003
  • Block: 56
  • Lot: 3
  • Municipality: LAWRENCE
  • Latitude: 40.6071
  • Longitude: -73.7223

    Address

  • Full Address: 304 Ocean Ave
  • Address - House Number: 304
  • Address - Street Name: Ocean
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Lawrence
  • Carrier Code: C004
  • 4-Digit Zip Code: 2019
  • Zip Code: 11559

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $22,166
  • Tax Rate Code Area: 204

    Appraisal Valuation

  • Standard Deviation: 0.2897
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 42
  • Final Value: 2,413,008
  • High Value: 3,112,153
  • Low Value: 1,713,862

    Open Liens

  • Total Open Liens: 3
  • Total Open Liens Amount: $6,000,000
  • First Open Lien Mortgage Lender: JG FUNDING CORP
  • First Open Lien Mortgage Recording Date: Oct 26, 2022
  • First Open Lien Mortgage Loan Amount: $4,500,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • Second Open Lien Mortgage Lender: JG FUNDING CORP
  • Second Open Lien Mortgage Recording Date: Oct 26, 2022
  • Second Open Lien Mortgage Loan Amount: $500,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Building or Construction Loan
  • Third Open Lien Mortgage Lender: CRC FUNDING LLC
  • Third Open Lien Mortgage Recording Date: Oct 26, 2022
  • Third Open Lien Mortgage Loan Amount: $1,000,000
  • Third Open Lien Mortgage Term: 360
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: Unknown (DEFAULT)

    Market Valuation

  • Market Total Value: $1,657,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,657
  • Assessed Land Value: $930
  • Assessed Improvements Value: $727

    Sales

  • Current Sale Contract Date: Oct 03, 2022
  • Current Sale Recording Date: Oct 26, 2022
  • Current Sale Transaction ID: 11897910038
  • Current Sale Price: $6,024,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2022-00105860
  • Previous Sale Recording Date: Mar 17, 2020
  • Previous Sale Contract Date: Mar 06, 2020
  • Previous Sale Amount: $1,425,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: JG FUNDING CORP
  • First Mortgage Transaction Date: Oct 26, 2022
  • First Mortgage Loan Amount: $4,500,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: FIRST REPUBLIC BANK
  • Previous Mortgage Transaction Date: Mar 17, 2020
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $855,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Apr 01, 2050

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Frequently Asked Questions

What neighborhood is 304 Ocean Avenue located in?
The 304 Ocean Avenue is a house located in the neighborhood of Lawrence in Five Towns, Lawrence.
What is the average sales price for listings in 304 Ocean Avenue?
The average sales price for units in 304 Ocean Avenue is $0 currently.

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