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54 Franklin Avenue

54 Franklin Avenue, New Hyde Park, NY 11040
Sold Dec 10, 2020
$695,000
$510,400 by Us Mortgage Corp
Mortgage Due Jan 01, 2051
Sold Jun 22, 2018
$680,000
Local assessors in New Hyde Park, NY have categorized 54 Franklin Avenue as a residential type of property. The home was built in 1940 and is 84 years old. The property's lot size has been calculated to be 5,000 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a Cape Cod style. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. 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. If we look only at the heated or air conditioned part of the building, then 54 Franklin Avenue has a total of 1,260 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 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. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 220 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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 frame 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. The building has a roof that is made of shingle (not wood). Lots of masonry were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with oil. The property was last sold in Dec 2, 2020 for $695,000. That's $551.59 per sqft. Prior to that sales transaction, the property was also sold in Jun 18, 2018 for $680,000. 54 Franklin Avenue was last assessed in 2023. The total value of the property was assessed at $610. Specifically, the land the property is located on was valued at $336. While improvements on the property were assessed at a total of $274. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $13,125. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Parking

Private Parking
Detached Garage
Detached Garage: 1 Space
Garage Parking

Driveway

Driveway

Location

Corner Lot
Near Public Transit
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: Masonry
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 220
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 5,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,260
  • Building Area: 1,260
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,260
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.115
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TOWN #2 SCH DIST 005

Ownership

  • Current Owner : SAMUEL ASHER
  • Current Owner 2: SAMUEL HALLIE D
  • Previous Owner : CHEN MENG XIANG
  • Previous Owner 2: YU JIAN QIU
  • Owner Before Previous Owner: ZHAO KELLY
  • 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
  • Census Tract: 302800

Geography

  • District: 282289
  • Section: 8
  • Parcel: 08-320-00-0009
  • Block: 320
  • Lot: 9
  • Municipality: NORTH HEMPSTEAD UNINCORPORATED
  • Latitude: 40.7429
  • Longitude: -73.6908

    Address

  • Full Address: 54 Franklin Ave
  • Address - House Number: 54
  • Address - Street Name: Franklin
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: New Hyde Park
  • Carrier Code: C033
  • 4-Digit Zip Code: 3159
  • Zip Code: 11040

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $13,125
  • Tax Rate Code Area: 883

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 755,727
  • High Value: 877,680
  • Low Value: 633,774

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $510,400
  • First Open Lien Mortgage Lender: US MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Dec 10, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $510,400
  • 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: Jan 01, 2051

    Market Valuation

  • Market Total Value: $610,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $610
  • Assessed Land Value: $336
  • Assessed Improvements Value: $274

    Sales

  • Current Sale Contract Date: Dec 02, 2020
  • Current Sale Recording Date: Dec 10, 2020
  • Current Sale Transaction ID: 11809411859
  • Current Sale Price: $695,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2020-120231
  • Previous Sale Recording Date: Jun 22, 2018
  • Previous Sale Contract Date: Jun 18, 2018
  • Previous Sale Amount: $680,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: US MORTGAGE CORP
  • First Mortgage Transaction Date: Dec 10, 2020
  • First Mortgage Loan Amount: $510,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

About North New Hyde Park



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Frequently Asked Questions

What neighborhood is 54 Franklin Avenue located in?
The 54 Franklin Avenue is a located in the neighborhood of North New Hyde Park in North New Hyde Park, New Hyde Park.
What is the average sales price for listings in 54 Franklin Avenue?
The average sales price for units in 54 Franklin Avenue is $0 currently.

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