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4 Franklin Avenue

4 Franklin Avenue, New Hyde Park, NY 11040
Sold Dec 03, 2014
$480,000
$336,000 by Evolve Bank & Trust
Mortgage Due Dec 01, 2044
Sold Jun 21, 2002
$380,000
Local assessors in New Hyde Park, NY have categorized 4 Franklin Avenue as a residential type of property. The home was built in 2019 and is 5 years old. The property's lot size has been calculated to be 5,000 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a Cape Cod style. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 4 Franklin Avenue has a total of 2,768 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 220 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has a patio so you'll have a great option in the back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is fair. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B-. The building has a roof that is made of shingle (not wood). Lots of masonry were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with oil. 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, 4 Franklin Avenue sold most recently in Nov 14, 2014 for a total of $480,000. If you work out the math, that's approximately a cost of $173.41 per sqft. Before that, the property was also sold for $380,000 in Jun 3, 2002. 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 $12,496 in taxes each year. 4 Franklin Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $639. If we break it down further, the land itself was valued at $309. Improvements to the property, however, were assessed at a total of $330. 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. 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!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: 2019
  • Effective Year Built: 2019
  • Total Rooms: 9
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: Fair
  • Building Quality: B-
  • Construction Type: Frame
  • Building Style: Cape Cod
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 220
  • Parking Space Count: 1
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 5,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,768
  • Gross Building Area: 1,894
  • Building Area: 2,768
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,768
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MAP OF LAKEVILLE ESTATES
  • Land Acres: 0.115
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TOWN #2 SCH DIST 005

Ownership

  • Current Owner : WIQAS AAMER
  • Current Owner 2: WIQAS AZRA
  • Previous Owner : MALANKARA CATHOLIC MISSION OF NORTH AMER
  • Owner Before Previous Owner: SCHWARTZ LEONARD
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: New Hyde Park-Garden City Park Union Free School District
  • School Tax School District: 005
  • Census Tract: 302800

Geography

  • District: 282289
  • Section: 8
  • Parcel: 08-321-00-0010
  • Block: 321
  • Lot: 10
  • Municipality: NORTH HEMPSTEAD UNINCORPORATED
  • Latitude: 40.744
  • Longitude: -73.6919

    Address

  • Full Address: 4 Franklin Ave
  • Address - House Number: 4
  • Address - Street Name: Franklin
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: New Hyde Park
  • Carrier Code: C033
  • 4-Digit Zip Code: 3114
  • Zip Code: 11040

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $12,496
  • Tax Rate Code Area: 883

    Appraisal Valuation

  • Standard Deviation: 0.1687
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 78
  • Final Value: 999,263
  • High Value: 1,167,896
  • Low Value: 830,630

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $336,000
  • First Open Lien Mortgage Lender: EVOLVE BANK & TRUST
  • First Open Lien Mortgage Recording Date: Dec 03, 2014
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $336,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2044

    Market Valuation

  • Market Total Value: $639,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $639
  • Assessed Land Value: $309
  • Assessed Improvements Value: $330

    Sales

  • Current Sale Contract Date: Nov 14, 2014
  • Current Sale Recording Date: Dec 03, 2014
  • Current Sale Transaction ID: 1212235471
  • Current Sale Price: $480,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2014120300682
  • Previous Sale Recording Date: Jun 21, 2002
  • Previous Sale Contract Date: Jun 03, 2002
  • Previous Sale Amount: $380,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: EVOLVE BANK & TRUST
  • First Mortgage Transaction Date: Dec 03, 2014
  • First Mortgage Loan Amount: $336,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Dec 01, 2044

    Financing

  • First Mortgage Financing Type: Unknown

About North New Hyde Park



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Frequently Asked Questions

What neighborhood is 4 Franklin Avenue located in?
The 4 Franklin Avenue is a located in the neighborhood of North New Hyde Park in North New Hyde Park, New Hyde Park.
What is the average sales price for listings in 4 Franklin Avenue?
The average sales price for units in 4 Franklin Avenue is $0 currently.

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