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505 Polly Park Road

505 Polly Park Road, Rye, NY 10580
Property in Rye
Sold Jul 24, 2012
$2,100,000
$1,418,900 by Jpmorgan Chase Bank Na
Mortgage Due Aug 01, 2042
Sold Dec 03, 2004
$2,100,000
$1,400,000 by Washington Mutual Bank Fa
Mortgage Due Sep 01, 2034
505 Polly Park Road has been categorized by the local assessors in Rye, NY as a residential type of property. The building on the property was first built in 1981 and is 43 years old. The home has a total of 4 bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 505 Polly Park Road has 5,559 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 40,075 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a colonial 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 attached garage for those who require parking. The garage measured 500 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a open porch and a patio. Moving on to the building itself. The condition of the building has been evaluated as good. From what we've gathered, the quality of these control joints have been graded with a letter grade of A by the local assessor. The exterior walls of the building are made of brick. 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 is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. 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, 505 Polly Park Road was last sold in Jul 5, 2012 for $2,100,000. According to our calculations, that's $377.77 per sqft. Prior to that sales transaction, the property was sold for $2,100,000 in Aug 17, 2004. Current property owners are expected to pay $58,074 in taxes per year. The property on 505 Polly Park Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $37,000. To break that down further, the land itself was valued at $6,000. While improvements to the property were assessed at a total of $31,000. 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. 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!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: 1981
  • Effective Year Built: 1981
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: A
  • Building Style: Colonial
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 500
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 40,075
  • Total Building Area: 5,559
  • Building Area: 5,559
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 5,559
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: WESTCHESTER BILTMORE CORPORATION
  • Land Acres: 0.92
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : MCLANE MICHAEL COLIN
  • Current Owner 2: MCLANE COLLEEN MARA
  • Previous Owner : MCGUINN LYNN S
  • Owner Before Previous Owner: REGO LAWRENCE
  • Owner Before Previous Owner 2: REGO DEBORAH
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Harrison Central School District
  • School Tax School District: HARRISON
  • Census Tract: 008500

Zoning

  • Zoning: R-1

Geography

  • Account Number: 000036400
  • District: 552801
  • Parcel: 552801 0561.-5
  • Lot: 5
  • Municipality: HARRISON
  • Latitude: 41.0041
  • Longitude: -73.7013

    Address

  • Full Address: 505 Polly Pk Rd
  • Address - House Number: 505
  • Address - Street Name: Polly Pk
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Rye
  • Carrier Code: C010
  • 4-Digit Zip Code: 1961
  • Zip Code: 10580

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $58,074
  • Tax Rate Code Area: 552801

    Appraisal Valuation

  • Standard Deviation: 0.2469
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 65
  • Final Value: 3,079,295
  • High Value: 3,839,794
  • Low Value: 2,318,796

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,418,900
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Jul 24, 2012
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $1,418,900
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2042

    Market Valuation

  • Market Total Value: $3,162,394
  • Market Land Value: $512,821
  • Market Improvement Value: $2,649,573

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $37,000
  • Assessed Land Value: $6,000
  • Assessed Improvements Value: $31,000

    Sales

  • Current Sale Contract Date: Jul 05, 2012
  • Current Sale Recording Date: Jul 24, 2012
  • Current Sale Transaction ID: 1196303270
  • Current Sale Price: $2,100,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 521853013
  • Previous Sale Recording Date: Dec 03, 2004
  • Previous Sale Contract Date: Aug 17, 2004
  • Previous Sale Amount: $2,100,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Jul 24, 2012
  • First Mortgage Loan Amount: $1,418,900
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Aug 01, 2042

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • Previous Mortgage Transaction Date: Dec 03, 2004
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $1,400,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Sep 01, 2034

About Rye



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Frequently Asked Questions

What neighborhood is 505 Polly Park Road located in?
The 505 Polly Park Road is a located in the neighborhood of Rye in Rye, Rye.
What is the average sales price for listings in 505 Polly Park Road?
The average sales price for units in 505 Polly Park Road is $0 currently.

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