385 Silver Lane

385 Silver Lane in Oceanside, NY was first built in 1970 and is 54 years old. This has been categorized as a commercial property type. It is a single story home. The linear feet across the front of the lot is 1,740 ft and the linear feet between the front and back of the lot is 1,200. In total, the area measurement of the land is 50,747 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. The quality of the control joints have been graded by the local assessor with a letter grade of D. The exterior walls of the home are made of concrete block. While the interior walls are made of finished/painted materials. As for heating, the home is utilizing a forced air unit. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 385 Silver Lane was last sold in Aug 29, 2017 for $725,000. According to our calculations, that's $604.17 per sqft. Current property owners are expected to pay $13,229 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 385 Silver Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $7,949. To break that down further, the land itself was valued at $5,702. While improvements to the property were assessed at a total of $2,247. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.