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501 Mitchell Lane

501 Mitchell Lane, Bridgehampton, NY 11932
Property in Southampton
Sold Dec 03, 2015
$4,100,000
$3,000,000 by Jpmorgan Chase Bank Na
Mortgage Due Dec 01, 2045
Sold Nov 14, 2013
$3,725,000
$2,175,000 by First Republic Bank
Mortgage Due Nov 01, 2043
501 Mitchell Lane in Bridgehampton, NY was first built in 2013 and is 11 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a modern style. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 5 partial bathrooms. 501 Mitchell Lane has 3,677 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 78,408 square feet.

Learn more about the property and building on this page. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. Water for the property is sourced from a well system. The property is not connected to a municipal sewage system. Instead, it is connected to a septic system which you will need to handle on your own. The quality of the control joints have been graded by the local assessor with a letter grade of A. The exterior walls of the home are made of wood. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with oil. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Nov 19, 2015 for $4,100,000. That's $1,115.04 per sqft. Prior to that sales transaction, the property was also sold in Oct 21, 2013 for $3,725,000. 501 Mitchell Lane was last assessed in 2023. The total value of the property was assessed at $4,049,600. Specifically, the land the property is located on was valued at $2,182,100. While improvements on the property were assessed at a total of $1,867,500. 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 $0. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 2013
  • Effective Year Built: 2013
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Quality: A
  • Building Style: Modern
  • Exterior Walls Type: Wood
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 78,408
  • Total Building Area: 3,677
  • Building Area: 3,677
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,677
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: BENNY A GRABOSKI
  • Land Acres: 1.8
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BLK LOT 1

Ownership

  • Current Owner : BERKOWITZ SETH
  • Current Owner 2: STONE REBECCA
  • Previous Owner : WATERLAIN JEAN MICHEL
  • Previous Owner 2: STANTON CHRISTINE
  • Owner Before Previous Owner: CAREY WILLIAM

Neighborhood

  • School District Name: Bridgehampton Union Free School District
  • School Tax School District: BRIDGEHAMPTON
  • Census Tract: 190712

Zoning

  • Zoning: CR80

Geography

  • Assessors Map Reference: MAP 7913
  • District: 0900-0
  • Section: 68.00
  • Parcel: 0900-068.00-02.00-001.000
  • Block: 2
  • Lot: 1.000
  • Municipality: SOUTHAMPTON
  • Latitude: 40.948
  • Longitude: -72.3236

    Address

  • Full Address: 501 Mitchell Ln
  • Address - House Number: 501
  • Address - Street Name: Mitchell
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Bridgehampton
  • Zip Code: 11932

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 473609

    Appraisal Valuation

  • Standard Deviation: 0.2695
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 61
  • Final Value: 3,354,042
  • High Value: 4,258,098
  • Low Value: 2,449,987

    Open Liens

  • Total Open Liens: 4
  • Total Open Liens Amount: $3,036,279
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Dec 03, 2015
  • 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: Dec 01, 2045
  • Second Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • Second Open Lien Mortgage Recording Date: Mar 29, 2017
  • Second Open Lien Mortgage Financing Type: Adjustable Rate
  • Second Open Lien Mortgage Loan Amount: $15,796
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Interest Rate Type: Y
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Second Open Lien Mortgage Loan Due Date: Mar 01, 2047
  • Third Open Lien Mortgage Lender: WEBSTER BANK
  • Third Open Lien Mortgage Recording Date: Feb 23, 2018
  • Third Open Lien Mortgage Financing Type: Adjustable Rate
  • Third Open Lien Mortgage Loan Amount: $8,483
  • Third Open Lien Mortgage Term: 346
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Third Open Lien Mortgage Loan Due Date: Jan 01, 2047
  • Fourth Open Lien Mortgage Lender: MORGAN STANLEY CREDIT CORP
  • Fourth Open Lien Mortgage Recording Date: May 19, 2020
  • Fourth Open Lien Mortgage Financing Type: Adjustable Rate
  • Fourth Open Lien Mortgage Loan Amount: $12,000
  • Fourth Open Lien Mortgage Term: 360
  • Fourth Open Lien Mortgage Interest Rate Type: Y
  • Fourth Open Lien Mortgage Position: 4
  • Fourth Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Fourth Open Lien Mortgage Loan Due Date: Jun 01, 2050

    Market Valuation

  • Market Total Value: $5,826,762
  • Market Land Value: $3,139,712
  • Market Improvement Value: $2,687,050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,049,600
  • Assessed Land Value: $2,182,100
  • Assessed Improvements Value: $1,867,500

    Sales

  • Current Sale Contract Date: Nov 19, 2015
  • Current Sale Recording Date: Dec 03, 2015
  • Current Sale Transaction ID: 1409092958
  • Current Sale Price: $4,100,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Previous Sale Recording Date: Nov 14, 2013
  • Previous Sale Contract Date: Oct 21, 2013
  • Previous Sale Amount: $3,725,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Dec 03, 2015
  • First Mortgage Loan Amount: $3,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2045

    Open Lien Mortgages

  • Third Open Lien Mortgage Interest Rate Type: Y

    Previous Mortgages

  • Previous Mortgage Lender: FIRST REPUBLIC BANK
  • Previous Mortgage Transaction Date: Nov 14, 2013
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $2,175,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2043

About Bridgehampton



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 501 Mitchell Lane located in?
The 501 Mitchell Lane is a located in the neighborhood of Southampton in Bridgehampton, Bridgehampton.
What is the average sales price for listings in 501 Mitchell Lane?
The average sales price for units in 501 Mitchell Lane is $0 currently.

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