516 Erie Street

Local assessors in Elmira, NY have categorized 516 Erie Street as a unknown type of property. The home was built in 1940 and is 84 years old. The property's lot size has been calculated to be 13,110 square feet. The linear feet between the front and back of the lot was measured at 1,500 ft and the front of the lot was measured at 874 ft. This is a 3 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 516 Erie Street has a total of 16,419 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 unknown 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. Moving onto specific details regarding the building. Our sources show that the building condition is unknown. 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 - unknown. Residents rely on unknown for their cooling system. The home has been utilizing unknown for fuel. 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, 516 Erie Street was last sold in Jan 6, 2023 for $45,000. According to our calculations, that's $2.74 per sqft. Prior to that sales transaction, the property was sold for $1,600 in Jun 15, 1995. Current property owners are expected to pay $9,914 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2023. The property on 516 Erie Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $45,000. To break that down further, the land itself was valued at $29,000. While improvements to the property were assessed at a total of $16,000. 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!