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505 South 8th Avenue

505 South 8th Avenue, Mount Vernon, NY 10550
Property in South Side
Sold Aug 03, 2016
$364,021
$273,016 by Usaa Fsb
Mortgage Due Aug 01, 2046
Sold Aug 18, 2015
$95,000
This has been categorized as a residential property type. In total, the area measurement of the land is 5,663 square feet.

Learn more about the property and building on this page. 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, 505 South 8th Avenue sold most recently in Jul 25, 2016 for a total of $364,021. Before that, the property was also sold for $95,000 in Aug 4, 2015. 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 $15,514 in taxes each year. 505 South 8th Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $9,700. If we break it down further, the land itself was valued at $2,700. Improvements to the property, however, were assessed at a total of $7,000. 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

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,663
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MAP OF THE VILLAGE OF MOUNT VERNON
  • Land Acres: 0.13
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : SULLWOLD BRIAN K
  • Current Owner 2: JACOBS MICHELLE M
  • Previous Owner : SHANGOD 2 NU REALTY LLC
  • Owner Before Previous Owner: LEE PETER
  • Owner Before Previous Owner 2: LEE CARMEN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Mount Vernon School District
  • School Tax School District: MOUNT VERNON
  • Census Tract: 002600

Geography

  • Account Number: 070320
  • District: 550800
  • Section: 169.46
  • Parcel: 550800 169.46-3062-35
  • Block: 3062
  • Lot: 35.000
  • Municipality: MT VERNON
  • Latitude: 40.8985
  • Longitude: -73.8359

    Address

  • Full Address: 505 S 8th Ave
  • Address - House Number: 505
  • Street Direction: S
  • Address - Street Name: 8th
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Mount Vernon
  • Carrier Code: C029
  • 4-Digit Zip Code: 4314
  • Zip Code: 10550

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $15,514
  • Tax Rate Code Area: 550800

    Appraisal Valuation

  • Standard Deviation: 0.2228
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 69
  • Final Value: 630,284
  • High Value: 770,713
  • Low Value: 489,854

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $273,016
  • First Open Lien Mortgage Lender: USAA FSB
  • First Open Lien Mortgage Recording Date: Aug 03, 2016
  • First Open Lien Mortgage Loan Amount: $273,016
  • 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: Aug 01, 2046

    Market Valuation

  • Market Total Value: $567,252
  • Market Land Value: $157,895
  • Market Improvement Value: $409,357

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $9,700
  • Assessed Land Value: $2,700
  • Assessed Improvements Value: $7,000

    Sales

  • Current Sale Contract Date: Jul 25, 2016
  • Current Sale Recording Date: Aug 03, 2016
  • Current Sale Transaction ID: 1787930924
  • Current Sale Price: $364,021
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 562043238
  • Previous Sale Recording Date: Aug 18, 2015
  • Previous Sale Contract Date: Aug 04, 2015
  • Previous Sale Amount: $95,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: USAA FSB
  • First Mortgage Transaction Date: Aug 03, 2016
  • First Mortgage Loan Amount: $273,016
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2046

About South Side



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Frequently Asked Questions

What neighborhood is 505 South 8th Avenue located in?
The 505 South 8th Avenue is a located in the neighborhood of South Side in South Side, Mount Vernon.
What is the average sales price for listings in 505 South 8th Avenue?
The average sales price for units in 505 South 8th Avenue is $0 currently.

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