Check Availability

457 Parsonage Lane

457 Parsonage Lane, Sagaponack, NY 11962
Property in Southampton
Sold Jul 21, 2005
$1,800,000
$7,000,000 by Morgan Stanley Credit Corp
Mortgage Due Aug 01, 2052
Sold Aug 06, 2003
$1,300,000
$975,000 by Washington Mutual Bank Fa
Mortgage Due Aug 01, 2033
Local assessors in Sagaponack, NY have categorized 457 Parsonage Lane as a residential type of property. The home was built in 2018 and is 6 years old. The property's lot size has been calculated to be 68,389 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a contemporary style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 5 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 457 Parsonage Lane has a total of 4,876 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 well system. As for water disposal, the home is connected to a septic system and not a municipal sewage or storm sewage system. Therefore the homeowner of this property will need to handle their own water disposal every three to five years - though the exact number may differ. Do you like to entertain? The home has a covered porch so you'll have a great option in the front of the home. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. Moving onto specific details regarding the building. Our sources show that the building condition is average. Residents rely on central air conditioning for their cooling system. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 457 Parsonage Lane sold most recently in Jul 21, 2005 for a total of $1,800,000. If you work out the math, that's approximately a cost of $369.16 per sqft. Before that, the property was also sold for $1,300,000 in Jul 10, 2003. 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 $0 in taxes each year. 457 Parsonage Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $8,371,615. If we break it down further, the land itself was valued at $6,333,300. Improvements to the property, however, were assessed at a total of $2,038,315. 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: 2018
  • Effective Year Built: 2018
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Style: Contemporary
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Covered porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 68,389
  • Total Building Area: 4,876
  • Building Area: 4,876
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 4,876
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Land Acres: 1.57
  • Standard Land Use Code: Single family residential
  • Legal Description 1: N-OWAR S-ORR E-ORR W-BEESEMEYER &ORS

Ownership

  • Current Owner : 457 PARSONAGE LLC
  • Previous Owner : DAVIS NANCY ELLEN
  • Owner Before Previous Owner: SCHUMAN JANET L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wainscott Common School District
  • School Tax School District: SAGAPONACK
  • Census Tract: 190714

Zoning

  • Zoning: R120

Geography

  • District: 0908-0
  • Section: 7.00
  • Parcel: 0908-007.00-01.00-010.000
  • Block: 1
  • Lot: 10.000
  • Municipality: SOUTHAMPTON
  • Latitude: 40.9354
  • Longitude: -72.2635

    Address

  • Full Address: 457 Parsonage Ln
  • Address - House Number: 457
  • Address - Street Name: Parsonage
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Sagaponack
  • Carrier Code: R777
  • 4-Digit Zip Code: 2013
  • Zip Code: 11962

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 473610

    Appraisal Valuation

  • Standard Deviation: 0.2147
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 70
  • Final Value: 2,906,644
  • High Value: 3,530,964
  • Low Value: 2,282,324

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $7,000,000
  • First Open Lien Mortgage Lender: MORGAN STANLEY CREDIT CORP
  • First Open Lien Mortgage Recording Date: Jul 12, 2023
  • First Open Lien Mortgage Loan Amount: $7,000,000
  • First Open Lien Mortgage Term: 348
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2052

    Market Valuation

  • Market Total Value: $12,045,489
  • Market Land Value: $9,112,662
  • Market Improvement Value: $2,932,827

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $8,371,615
  • Assessed Land Value: $6,333,300
  • Assessed Improvements Value: $2,038,315

    Sales

  • Current Sale Contract Date: Jul 21, 2005
  • Current Sale Recording Date: Jul 21, 2005
  • Current Sale Transaction ID: 1125782390
  • Current Sale Price: $1,800,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Aug 06, 2003
  • Previous Sale Contract Date: Jul 10, 2003
  • Previous Sale Amount: $1,300,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Previous Mortgages

  • Previous Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • Previous Mortgage Transaction Date: Aug 06, 2003
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $975,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Aug 01, 2033

About Sagaponack



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 457 Parsonage Lane located in?
The 457 Parsonage Lane is a located in the neighborhood of Southampton in Sagaponack, Sagaponack.
What is the average sales price for listings in 457 Parsonage Lane?
The average sales price for units in 457 Parsonage Lane is $0 currently.

Quantcast