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55 Olympia Lane

55 Olympia Lane, Monsey, NY 10952
Property in Ramapo
Sold Aug 02, 2013
$599,000
$449,250 by Meridian Residential Capital L
Mortgage Due Aug 01, 2043
55 Olympia Lane has been categorized by the local assessors in Monsey, NY as a residential type of property. The building on the property was first built in 1994 and is 30 years old. The home has a total of 5 bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 55 Olympia Lane has 2,956 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 24,829 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a colonial 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 attached garage for those who require parking. The garage measured 920 sqft. According to our sources, there are a total of 4 available parking spaces. Residents will have the luxury of enjoying a open porch. Moving on to the building itself. The condition of the building has been evaluated as average. 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 exterior walls of the building are made of a material which is produced from two or more constituent materials. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a hot water heating system and being fueled with gas. 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, 55 Olympia Lane was last sold in Jul 30, 2013 for $599,000. According to our calculations, that's $202.64 per sqft. Current property owners are expected to pay $25,084 in taxes per year. The property on 55 Olympia Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $80,700. To break that down further, the land itself was valued at $24,100. While improvements to the property were assessed at a total of $56,600. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. 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!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: 1994
  • Effective Year Built: 1994
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Colonial
  • Exterior Walls Type: Composition
  • Floor Count: 2
  • Basement Type: Partial basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 920
  • Parking Space Count: 4
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 24,829
  • Total Building Area: 2,956
  • Building Area: 2,956
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Hot water
  • Heated Square Feet: 2,956
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TALLMAN TERRACE
  • Land Acres: 0.57
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : AVRAHAM YITZHAK
  • Current Owner 2: AVRAHAM SARA
  • Previous Owner : KATZ MICHAEL
  • Previous Owner 2: KATZ JAY
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Ramapo Central School District (Suffern)
  • School Tax School District: SUFFERN
  • Census Tract: 011602

Zoning

  • Zoning: R-25

Geography

  • Account Number: 00489640124
  • District: 392689
  • Section: 56.05
  • Parcel: 392689 56.05-3-6
  • Block: 3
  • Lot: 6.000
  • Municipality: RAMAPO (TOV)
  • Latitude: 41.1168
  • Longitude: -74.0959

    Address

  • Full Address: 55 Olympia Ln
  • Address - House Number: 55
  • Address - Street Name: Olympia
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Monsey
  • Carrier Code: C017
  • 4-Digit Zip Code: 2829
  • Zip Code: 10952

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $25,084
  • Tax Rate Code Area: 392601

    Appraisal Valuation

  • Standard Deviation: 0.2344
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 67
  • Final Value: 1,219,836
  • High Value: 1,505,883
  • Low Value: 933,788

    Open Liens

  • Total Open Liens: 4
  • Total Open Liens Amount: $1,264,250
  • First Open Lien Mortgage Lender: MERIDIAN RESIDENTIAL CAPITAL L
  • First Open Lien Mortgage Recording Date: Aug 02, 2013
  • First Open Lien Mortgage Loan Amount: $449,250
  • 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: Aug 01, 2043
  • Second Open Lien Mortgage Lender: TD BANK NA
  • Second Open Lien Mortgage Recording Date: Jul 23, 2018
  • Second Open Lien Mortgage Financing Type: Fixed Rate
  • Second Open Lien Mortgage Loan Amount: $185,000
  • 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: Jul 10, 2048
  • Third Open Lien Mortgage Lender: SANTANDER BANK NA
  • Third Open Lien Mortgage Recording Date: May 21, 2019
  • Third Open Lien Mortgage Financing Type: Fixed Rate
  • Third Open Lien Mortgage Loan Amount: $270,000
  • Third Open Lien Mortgage Term: 360
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: New Conventional
  • Third Open Lien Mortgage Loan Due Date: May 21, 2049
  • Fourth Open Lien Mortgage Lender: FM HOME LOANS LLC
  • Fourth Open Lien Mortgage Recording Date: Apr 30, 2021
  • Fourth Open Lien Mortgage Financing Type: Fixed Rate
  • Fourth Open Lien Mortgage Loan Amount: $360,000
  • Fourth Open Lien Mortgage Term: 240
  • Fourth Open Lien Mortgage Position: 4
  • Fourth Open Lien Mortgage Loan Type: New Conventional
  • Fourth Open Lien Mortgage Loan Due Date: May 01, 2041

    Market Valuation

  • Market Total Value: $15,000
  • Market Land Value: $4,480
  • Market Improvement Value: $10,520

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $80,700
  • Assessed Land Value: $24,100
  • Assessed Improvements Value: $56,600

    Sales

  • Current Sale Contract Date: Jul 30, 2013
  • Current Sale Recording Date: Aug 02, 2013
  • Current Sale Transaction ID: 1195531506
  • Current Sale Price: $599,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2013-00028453

    Last Sale Mortgage

  • First Mortgage Lender: MERIDIAN RESIDENTIAL CAPITAL L
  • First Mortgage Transaction Date: Aug 02, 2013
  • First Mortgage Loan Amount: $449,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2043

About Viola



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Frequently Asked Questions

What neighborhood is 55 Olympia Lane located in?
The 55 Olympia Lane is a located in the neighborhood of Ramapo in Viola, Monsey.
What is the average sales price for listings in 55 Olympia Lane?
The average sales price for units in 55 Olympia Lane is $0 currently.

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