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48 Old Town Crossing

48 Old Town Crossing, Southampton, NY 11968
Property in Southampton
Sold Sep 20, 2016
$6,700,000
$3,000,000 by Jpmorgan Chase Bank Na
Mortgage Due Sep 01, 2046
Sold Oct 31, 2014
$2,900,000
$4,300,000 by Salvatore J Cangiano Etal
Mortgage
48 Old Town Crossing has been categorized by the local assessors in Southampton, NY as a residential type of property. The building on the property was first built in 2016 and is 8 years old. The home has a total of 5 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, 48 Old Town Crossing has 3,293 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a partial basement that is 2,021 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 14,810 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a Cape Cod 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. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 364 sqft. According to our sources, there is one available parking space. Love to swim? You'll be excited to find out that there is a pool on the property. Moving on to the building itself. The condition of the building has been evaluated as good. The exterior walls of the building are made of wood. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There are 5 fireplaces in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal 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. The property was last sold in Aug 9, 2016 for $6,700,000. That's $2,034.62 per sqft. Prior to that sales transaction, the property was also sold in Oct 20, 2014 for $2,900,000. 48 Old Town Crossing was last assessed in 2023. The total value of the property was assessed at $6,616,700. Specifically, the land the property is located on was valued at $2,854,400. While improvements on the property were assessed at a total of $3,762,300. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $28,222. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Style: Cape Cod
  • Exterior Walls Type: Wood
  • Floor Count: 2
  • Basement Type: Partial basement
  • Basement Area: 2,021
  • Garage Type: Detached
  • Garage Square Area: 364
  • Parking Space Count: 1
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 14,810
  • Total Building Area: 3,293
  • Building Area: 3,293
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 5
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,293
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Septic
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: BROPHY BLOCK
  • Land Acres: 0.34
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BLK LOT 6

Ownership

  • Current Owner : YUN WILLIAM Y
  • Current Owner 2: PRUETT JULIANNE
  • Previous Owner : 48 OLD TOWN CROSSING LLC
  • Owner Before Previous Owner: BARZELAY DOUGLAS

Neighborhood

  • School District Name: Southampton Union Free School District
  • School Tax School District: SOUTHHAMPTON
  • Census Tract: 190801

Zoning

  • Zoning: VILLA

Geography

  • Assessors Map Reference: MAP 513
  • District: 0904-0
  • Section: 18.00
  • Parcel: 0904-018.00-01.00-007.000
  • Block: 1
  • Lot: 7.000
  • Municipality: SOUTHAMPTON
  • Latitude: 40.882
  • Longitude: -72.3813

    Address

  • Full Address: 48 Old Town Xing
  • Address - House Number: 48
  • Address - Street Name: Old Town
  • Address - Suffix Type: Xing
  • State: NY
  • City Name: Southampton
  • Carrier Code: C001
  • 4-Digit Zip Code: 5015
  • Zip Code: 11968

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $28,222
  • Tax Rate Code Area: 473606

    Appraisal Valuation

  • Standard Deviation: 0.2314
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 53
  • Final Value: 2,033,454
  • High Value: 2,504,128
  • Low Value: 1,562,779

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $3,017,585
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Sep 20, 2016
  • First Open Lien Mortgage Loan Amount: $3,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2046
  • Second Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • Second Open Lien Mortgage Recording Date: Nov 03, 2021
  • Second Open Lien Mortgage Loan Amount: $17,585
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • Second Open Lien Mortgage Loan Due Date: Dec 01, 2051

    Market Valuation

  • Market Total Value: $10,025,303
  • Market Land Value: $4,324,848
  • Market Improvement Value: $5,700,455

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $6,616,700
  • Assessed Land Value: $2,854,400
  • Assessed Improvements Value: $3,762,300

    Sales

  • Current Sale Contract Date: Aug 09, 2016
  • Current Sale Recording Date: Sep 20, 2016
  • Current Sale Transaction ID: 1871374029
  • Current Sale Price: $6,700,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Previous Sale Recording Date: Oct 31, 2014
  • Previous Sale Contract Date: Oct 20, 2014
  • Previous Sale Amount: $2,900,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Sep 20, 2016
  • First Mortgage Loan Amount: $3,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: SALVATORE J CANGIANO ETAL
  • Previous Mortgage Transaction Date: Oct 31, 2014
  • Previous Mortgage Loan Amount: $4,300,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 48 Old Town Crossing located in?
The 48 Old Town Crossing is a located in the neighborhood of Southampton in Southampton, Southampton.
What is the average sales price for listings in 48 Old Town Crossing?
The average sales price for units in 48 Old Town Crossing is $0 currently.

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