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554 Cornwell Avenue

554 Cornwell Avenue, Malverne, NY 11565
House in Malverne
Sold May 11, 2020
$510,000
$500,762 by Quicken Loans Inc
Mortgage Due Apr 01, 2050
Sold Jul 17, 2019
$365,000
554 Cornwell Avenue in Malverne, NY was first built in 1940 and is 84 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a colonial style. There are a total of 2 floors. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 554 Cornwell Avenue has 1,168 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 420 ft and the linear feet between the front and back of the lot is 1,220. In total, the area measurement of the land is 5,200 square feet.

Learn more about the property and building on this page. The roof of the home is made of shingle (not wood). Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as good. The exterior walls of the home are made of alum/vinyl siding. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with oil. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 554 Cornwell Avenue sold most recently in Mar 17, 2020 for a total of $510,000. If you work out the math, that's approximately a cost of $436.64 per sqft. Before that, the property was also sold for $365,000 in Jul 8, 2019. 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 $7,632 in taxes each year. 554 Cornwell Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $445. If we break it down further, the land itself was valued at $199. Improvements to the property, however, were assessed at a total of $246. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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.

Building Features

Parking

Private Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Colonial
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,200
  • Lot Size Depth Feet: 1,220
  • Lot Size Frontage Feet: 420
  • Total Building Area: 1,168
  • Building Area: 1,168
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,168
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.119
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TOWN #1 SCH DIST 013

Ownership

  • Current Owner : TRAPANI VINCENT
  • Current Owner 2: TRAPANI MAUREEN E
  • Previous Owner : RO LI ENTERPRISES LLC
  • Owner Before Previous Owner: BOUNOMO GAETANO J
  • Owner Before Previous Owner 2: BOUNOMO MARIE H
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Valley Stream Central High School District
  • School Tax School District: 013
  • School Tax District Code 2: MAL
  • Census Tract: 410100

Geography

  • District: 282027
  • Section: 37
  • Parcel: 37-200-00-0074
  • Block: 200
  • Lot: 74-75
  • Municipality: MALVERNE
  • Latitude: 40.6776
  • Longitude: -73.6755

    Address

  • Full Address: 554 Cornwell Ave
  • Address - House Number: 554
  • Address - Street Name: Cornwell
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Malverne
  • Carrier Code: C005
  • 4-Digit Zip Code: 1345
  • Zip Code: 11565

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,632
  • Tax Rate Code Area: 286

    Appraisal Valuation

  • Standard Deviation: 0.1643
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 79
  • Final Value: 607,349
  • High Value: 707,137
  • Low Value: 507,561

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $534,619
  • First Open Lien Mortgage Lender: QUICKEN LOANS INC
  • First Open Lien Mortgage Recording Date: May 11, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $500,762
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2050
  • Second Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • Second Open Lien Mortgage Recording Date: Aug 09, 2023
  • Second Open Lien Mortgage Loan Amount: $33,857
  • Second Open Lien Mortgage Term: 319
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Apr 01, 2050

    Market Valuation

  • Market Total Value: $445,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $445
  • Assessed Land Value: $199
  • Assessed Improvements Value: $246

    Sales

  • Current Sale Contract Date: Mar 17, 2020
  • Current Sale Recording Date: May 11, 2020
  • Current Sale Transaction ID: 11762076953
  • Current Sale Price: $510,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2020-037789
  • Previous Sale Recording Date: Jul 17, 2019
  • Previous Sale Contract Date: Jul 08, 2019
  • Previous Sale Amount: $365,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS INC
  • First Mortgage Transaction Date: May 11, 2020
  • First Mortgage Loan Amount: $500,762
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Apr 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Malverne



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Nearby Rentals

Unit for rent at

$3,000 /mo

  • 3 Beds
  • 2.5 Baths
Listing by Holly Parker-Gliddon

Frequently Asked Questions

What neighborhood is 554 Cornwell Avenue located in?
The 554 Cornwell Avenue is a house located in the neighborhood of Malverne in Malverne, Malverne.
What is the average sales price for listings in 554 Cornwell Avenue?
The average sales price for units in 554 Cornwell Avenue is $0 currently.

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