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4350 State Rte 364

4350 State Rte 364, Penn Yan, NY 14527
Property in Potter
Sold Apr 02, 2018
$120,000
$1,025,000 by Farm Credit East Aca
Mortgage Due Aug 16, 2052
Sold May 19, 2017
$248,000
4350 State Rte 364 has been categorized by the local assessors in Penn Yan, NY as a residential type of property. The building on the property was first built in 1890 and is 134 years old. However, we must point out that the home was most recently renovated and altered in 1960. The home has a total of 6 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 4350 State Rte 364 has 2,848 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 3,297,492 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a traditional 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. Residents will have the luxury of enjoying a covered porch. 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 exterior walls of the building are made of wood. In terms of heating, it is utilizing a forced air unit and being fueled with oil. Finally, the property is currently sourcing its water from a well system. The property is connected to a septic system and not a municipal sewage system. The homeowner of this property will need to handle their own water disposal. 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, 4350 State Rte 364 sold most recently in Mar 29, 2018 for a total of $120,000. If you work out the math, that's approximately a cost of $42.13 per sqft. Before that, the property was also sold for $248,000 in May 19, 2017. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $16,050 in taxes each year. 4350 State Rte 364 was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $966,500. If we break it down further, the land itself was valued at $674,800. Improvements to the property, however, were assessed at a total of $291,700. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1890
  • Effective Year Built: 1960
  • Bedroom Count: 6
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Traditional
  • Exterior Walls Type: Wood
  • Floor Count: 2
  • Basement Type: Partial basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 3,297,492
  • Total Building Area: 2,848
  • Gross Building Area: 2,592
  • Building Area: 2,848
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,848
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Land Acres: 75.7
  • Standard Land Use Code: Rural/agricultural residence

Ownership

  • Current Owner : HORST CHRISTOPHER L
  • Previous Owner : CISCO JENNIFER M
  • Previous Owner 2: MCLEAN JENNIFER M
  • Owner Before Previous Owner: HAYES COURTNEY A
  • Owner Before Previous Owner 2: AHERN COURTNEY E
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Gorham-Middlesex Central School District (Marcus Whitman)
  • Census Tract: 150301

Geography

  • Account Number: 0541-000
  • District: 573289
  • Section: 34.02
  • Parcel: 573289 34.02-1-3
  • Block: 1
  • Lot: 3.000
  • Municipality: POTTER (TOV)
  • Latitude: 42.6969
  • Longitude: -77.1967

    Address

  • Full Address: 4350 State Route 364
  • Address - House Number: 4350
  • Address - Street Name: State Route 364
  • State: NY
  • City Name: Penn Yan
  • Carrier Code: R003
  • 4-Digit Zip Code: 9366
  • Zip Code: 14527

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $16,050
  • Tax Rate Code Area: 323201

    Appraisal Valuation

  • Standard Deviation: 0.2373
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 67
  • Final Value: 199,714
  • High Value: 246,798
  • Low Value: 152,630

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,025,000
  • First Open Lien Mortgage Lender: FARM CREDIT EAST ACA
  • First Open Lien Mortgage Recording Date: Aug 16, 2022
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $1,025,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Aug 16, 2052

    Market Valuation

  • Market Total Value: $966,500
  • Market Land Value: $674,800
  • Market Improvement Value: $291,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $966,500
  • Assessed Land Value: $674,800
  • Assessed Improvements Value: $291,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 29, 2018
  • Current Sale Recording Date: Apr 02, 2018
  • Current Sale Transaction ID: 11462878106
  • Current Sale Price: $120,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2018-00000811
  • Previous Sale Recording Date: May 19, 2017
  • Previous Sale Contract Date: May 19, 2017
  • Previous Sale Amount: $248,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FARM CREDIT EAST ACA
  • First Mortgage Transaction Date: Apr 02, 2018
  • First Mortgage Loan Amount: $150,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Credit Line (Revolving)

    Financing

  • First Mortgage Financing Type: Variable

    Previous Mortgages

  • Previous Mortgage Lender: FARM CREDIT EAST ACA
  • Previous Mortgage Transaction Date: May 19, 2017
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About Yates



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Frequently Asked Questions

What neighborhood is 4350 State Rte 364 located in?
The 4350 State Rte 364 is a located in the neighborhood of Potter in Yates, Penn Yan.
What is the average sales price for listings in 4350 State Rte 364?
The average sales price for units in 4350 State Rte 364 is $0 currently.

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