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462 Spruce Lane

462 Spruce Lane, East Meadow, NY 11554
Property in East Meadow
Sold Jun 21, 2021
$605,000
$584,808 by East Coast Capital Corp
Mortgage Due Jun 01, 2051
Sold May 25, 2016
$427,500
$342,000 by Residential Home Funding Corp
Mortgage Due Jun 01, 2046
Local assessors in East Meadow, NY have categorized 462 Spruce Lane as a residential type of property. The home was built in 1951 and is 73 years old. The property's lot size has been calculated to be 6,000 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 600 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 4 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 is one full bathroom. 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 462 Spruce Lane has a total of 1,818 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 300 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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 - C-. The building has a roof that is made of shingle (not wood). Lots of alum/vinyl siding 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. 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, 462 Spruce Lane was last sold in May 21, 2021 for $605,000. According to our calculations, that's $332.78 per sqft. Prior to that sales transaction, the property was sold for $427,500 in May 16, 2016. Current property owners are expected to pay $12,421 in taxes per year. The property on 462 Spruce Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $545. To break that down further, the land itself was valued at $229. While improvements to the property were assessed at a total of $316. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: Average
  • Building Quality: C-
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 72
  • Garage Type: Detached
  • Garage Square Area: 300
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,818
  • Building Area: 1,818
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,818
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MAP OF HEMPSTEAD TERRACE GARDENS
  • Land Acres: 0.138
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TOWN #1 SCH DIST 003

Ownership

  • Current Owner : ABRAHAM SUBIN K
  • Current Owner 2: GHEVARGHESE SHERIN G
  • Previous Owner : KOSHY LAURA
  • Previous Owner 2: KOSHY PHILIP
  • Owner Before Previous Owner: OLSHIN HENRY
  • Owner Before Previous Owner 2: OLSHIN JOSHUA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: East Meadow Union Free School District
  • School Tax School District: 003
  • Census Tract: 408000

Geography

  • District: 282089
  • Section: 50
  • Parcel: 50-471-00-0039
  • Block: 471
  • Lot: 39
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.7085
  • Longitude: -73.5665

    Address

  • Full Address: 462 Spruce Ln
  • Address - House Number: 462
  • Address - Street Name: Spruce
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: East Meadow
  • Carrier Code: C008
  • 4-Digit Zip Code: 3704
  • Zip Code: 11554

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $12,421
  • Tax Rate Code Area: 038

    Appraisal Valuation

  • Standard Deviation: 0.1748
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 77
  • Final Value: 722,909
  • High Value: 849,302
  • Low Value: 596,517

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $584,808
  • First Open Lien Mortgage Lender: EAST COAST CAPITAL CORP
  • First Open Lien Mortgage Recording Date: Jun 21, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $584,808
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2051

    Market Valuation

  • Market Total Value: $545,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $545
  • Assessed Land Value: $229
  • Assessed Improvements Value: $316

    Sales

  • Current Sale Contract Date: May 21, 2021
  • Current Sale Recording Date: Jun 21, 2021
  • Current Sale Transaction ID: 11841147839
  • Current Sale Price: $605,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2021-080772
  • Previous Sale Recording Date: May 25, 2016
  • Previous Sale Contract Date: May 16, 2016
  • Previous Sale Amount: $427,500
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: EAST COAST CAPITAL CORP
  • First Mortgage Transaction Date: Jun 21, 2021
  • First Mortgage Loan Amount: $584,808
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jun 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: RESIDENTIAL HOME FUNDING CORP
  • Previous Mortgage Transaction Date: May 25, 2016
  • Previous Mortgage Loan Amount: $342,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2046

About East Meadow



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Frequently Asked Questions

What neighborhood is 462 Spruce Lane located in?
The 462 Spruce Lane is a located in the neighborhood of East Meadow in East Meadow, East Meadow.
What is the average sales price for listings in 462 Spruce Lane?
The average sales price for units in 462 Spruce Lane is $0 currently.

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