526 Merrick Road

Local assessors in Lynbrook, NY have categorized 526 Merrick Road as a commercial type of property. The home was built in 1954 and is 70 years old. The property's lot size has been calculated to be 3,150 square feet. The linear feet between the front and back of the lot was measured at 105 ft and the front of the lot was measured at 30 ft. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis.

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. 526 Merrick Road is a 3 code building. This code stands for "buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame". The home sources its water from a municipal 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. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. 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 - C. Lots of concrete block were used in the construction of the exterior walls of the home. While the walls in the interior have been made of finished/painted materials. The home's a forced air unit is the primary heating source. 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, 526 Merrick Road was last sold in Aug 23, 2023 for $650,000. According to our calculations, that's $277.78 per sqft. Prior to that sales transaction, the property was sold for $127,000 in Nov 13, 1997. Current property owners are expected to pay $18,029 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2023. The property on 526 Merrick Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $3,417. To break that down further, the land itself was valued at $992. While improvements to the property were assessed at a total of $2,425. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.