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54 Westmoreland Drive

54 Westmoreland Drive, Shelter Island Heights, NY 11965
Property in Shelter Island
Sold Aug 11, 2020
$1,900,000
$1,520,000 by Jpmorgan Chase Bank Na
Mortgage Due Aug 11, 2050
Sold Oct 12, 2018
$1,575,000
$1,260,000 by Navy Fcu
Mortgage Due Nov 01, 2046
Local assessors in Shelter Island Heights, NY have categorized 54 Westmoreland Drive as a residential type of property. The home was built in 1992 and is 32 years old. It was most recently renovated and altered in 2016. The property's lot size has been calculated to be 48,352 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a contemporary style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 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 54 Westmoreland Drive has a total of 2,650 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a finished improved basement that is 1,500 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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 well system. As for water disposal, the home is connected to a septic system and not a municipal sewage or storm sewage system. Therefore the homeowner of this property will need to handle their own water disposal every three to five years - though the exact number may differ. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. There are 4 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. Moving onto specific details regarding the building. Our sources show that the building condition is good. 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 wood 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 hot water heating system is the primary heating source and it is being fueled with oil. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 54 Westmoreland Drive sold most recently in Jul 24, 2020 for a total of $1,900,000. If you work out the math, that's approximately a cost of $716.98 per sqft. Before that, the property was also sold for $1,575,000 in Sep 9, 2018. 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 $12,848 in taxes each year. 54 Westmoreland Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,275,400. If we break it down further, the land itself was valued at $1,204,200. Improvements to the property, however, were assessed at a total of $1,071,200. 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. 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.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

  • Year Built: 1992
  • Effective Year Built: 2016
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: C
  • Building Style: Contemporary
  • Exterior Walls Type: Wood
  • Floor Count: 2
  • Basement Type: Finished improved basement
  • Basement Area: 1,500
  • Garage Type: Garage
  • Parking Space Count: 4
  • Porch Type: Open porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 48,352
  • Lot Size Frontage Feet: 1,250
  • Total Building Area: 2,650
  • Building Area: 2,650
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Hot water
  • Heated Square Feet: 2,650
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Land Acres: 1.11
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : SCHAF JOHN
  • Current Owner 2: SCHAF LINDA
  • Previous Owner : AMICO THOMAS
  • Previous Owner 2: BRENNAN MICHAEL
  • Owner Before Previous Owner: DANGELICA DOMINIC F

Neighborhood

  • School District Name: Shelter Island Union Free School District
  • School Tax School District: SHELTER ISLAND
  • Census Tract: 180300

Zoning

  • Zoning: A

Geography

  • Account Number: 2222
  • District: 0700-0
  • Section: 18
  • Parcel: 0700-018.00-01.00-002.000
  • Block: 1
  • Lot: 2.000
  • Municipality: SHELTER ISLAND
  • Latitude: 41.0595
  • Longitude: -72.3636

    Address

  • Full Address: 54 Westmoreland Dr
  • Address - House Number: 54
  • Address - Street Name: Westmoreland
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Shelter Island
  • Zip Code: 11964

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $12,848
  • Tax Rate Code Area: 473201

    Appraisal Valuation

  • Standard Deviation: 0.2692
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 61
  • Final Value: 1,625,614
  • High Value: 2,063,250
  • Low Value: 1,187,978

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,520,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Aug 11, 2020
  • First Open Lien Mortgage Loan Amount: $1,520,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Aug 11, 2050

    Market Valuation

  • Market Total Value: $3,116,986
  • Market Land Value: $1,649,589
  • Market Improvement Value: $1,467,397

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,275,400
  • Assessed Land Value: $1,204,200
  • Assessed Improvements Value: $1,071,200

    Sales

  • Current Sale Contract Date: Jul 24, 2020
  • Current Sale Recording Date: Aug 11, 2020
  • Current Sale Transaction ID: 11784594839
  • Current Sale Price: $1,900,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Oct 12, 2018
  • Previous Sale Contract Date: Sep 09, 2018
  • Previous Sale Amount: $1,575,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Aug 11, 2020
  • First Mortgage Loan Amount: $1,520,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: NAVY FCU
  • Previous Mortgage Transaction Date: Oct 12, 2018
  • Previous Mortgage Loan Amount: $1,260,000
  • Previous Mortgage Term: 336
  • Previous Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • Previous Mortgage Loan Due Date: Nov 01, 2046

About Shelter Island Heights



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Frequently Asked Questions

What neighborhood is 54 Westmoreland Drive located in?
The 54 Westmoreland Drive is a located in the neighborhood of Shelter Island in Shelter Island Heights, Shelter Island Heights.
What is the average sales price for listings in 54 Westmoreland Drive?
The average sales price for units in 54 Westmoreland Drive is $0 currently.

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