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525 North 7th Street

525 North 7th Street, New Hyde Park, NY 11040
Property in New Hyde Park
Sold Sep 19, 2012
$355,000
$266,250 by Hsbc Bank
Mortgage Due Oct 01, 2042
525 North 7th Street has been categorized by the local assessors in New Hyde Park, NY as a residential type of property. The building on the property was first built in 1940 and is 84 years old. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 525 North 7th Street has 1,194 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,000 ft and across the front of the lot is 400 ft. The area measurement of the land has been determined as 4,000 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 180 sqft. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of alum/vinyl siding. 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 oil. 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, 525 North 7th Street was last sold in Sep 6, 2012 for $355,000. According to our calculations, that's $297.32 per sqft. Current property owners are expected to pay $8,329 in taxes per year. The property on 525 North 7th Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $518. To break that down further, the land itself was valued at $286. While improvements to the property were assessed at a total of $232. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1940
  • Effective Year Built: 1940
  • Total Rooms: 4
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Cape Cod
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 180
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,194
  • Building Area: 1,194
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,194
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.092
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : YAO XIN YING
  • Current Owner 2: CHEN HANG
  • Previous Owner : HACKETT MARJORIE
  • Previous Owner 2: MCANDREUS MARJORIE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: New Hyde Park-Garden City Park Union Free School District
  • School Tax School District: 005
  • School Tax District Code 2: NP
  • Census Tract: 303000

Geography

  • District: 282227
  • Parcel: 08-029-00-0036
  • Municipality: NEW HYDE PARK
  • Latitude: 40.7359
  • Longitude: -73.6901

    Address

  • Full Address: 525 N 7th St
  • Address - House Number: 525
  • Street Direction: N
  • Address - Street Name: 7th
  • Address - Suffix Type: St
  • State: NY
  • City Name: New Hyde Park
  • Carrier Code: C055
  • 4-Digit Zip Code: 3028
  • Zip Code: 11040

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,329
  • Tax Rate Code Area: 733

    Appraisal Valuation

  • Standard Deviation: 0.176
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 77
  • Final Value: 664,395
  • High Value: 781,334
  • Low Value: 547,456

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $456,250
  • First Open Lien Mortgage Lender: HSBC BANK
  • First Open Lien Mortgage Recording Date: Sep 19, 2012
  • First Open Lien Mortgage Loan Amount: $266,250
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2042
  • Second Open Lien Mortgage Lender: TD BANK NA
  • Second Open Lien Mortgage Recording Date: Mar 26, 2018
  • Second Open Lien Mortgage Financing Type: Fixed Rate
  • Second Open Lien Mortgage Loan Amount: $190,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Mar 01, 2048

    Market Valuation

  • Market Total Value: $518,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $518
  • Assessed Land Value: $286
  • Assessed Improvements Value: $232

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 06, 2012
  • Current Sale Recording Date: Sep 19, 2012
  • Current Sale Transaction ID: 1112781408
  • Current Sale Price: $355,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2012091900021

    Last Sale Mortgage

  • First Mortgage Lender: HSBC BANK
  • First Mortgage Transaction Date: Sep 19, 2012
  • First Mortgage Loan Amount: $266,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Oct 01, 2042

About New Hyde Park



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Frequently Asked Questions

What neighborhood is 525 North 7th Street located in?
The 525 North 7th Street is a located in the neighborhood of New Hyde Park in New Hyde Park, New Hyde Park.
What is the average sales price for listings in 525 North 7th Street?
The average sales price for units in 525 North 7th Street is $0 currently.

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