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5583 Truscott Terrace

5583 Truscott Terrace, Lake View, NY 14085
House in Hamburg
Sold Aug 27, 2020
$334,500
$317,775 by Premium Mortgage Corp
Mortgage Due Sep 01, 2050
Sold Nov 15, 1994
$290,000
5583 Truscott Terrace in Lake View, NY was first built in 1927 and is 97 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 traditional style. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 6 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 5583 Truscott Terrace has 4,198 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 1,480 ft and the linear feet between the front and back of the lot is 4,250. In total, the area measurement of the land is 69,696 square feet.

Learn more about the property and building on this page. There is a screened porch. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. 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. For those who need parking, there is a carport. The garage is 456 sqft. There are a total of 2 available parking spaces. 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 fair. The exterior walls of the home are made of brick. As for heating, the home is utilizing a hot water 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. The property was last sold in Aug 7, 2020 for $334,500. That's $79.68 per sqft. Prior to that sales transaction, the property was also sold in Nov 15, 1994 for $290,000. 5583 Truscott Terrace was last assessed in 2023. The total value of the property was assessed at $137,145. Specifically, the land the property is located on was valued at $20,900. While improvements on the property were assessed at a total of $116,245. 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 $0. 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. 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

Exterior

Brick Exterior
Stucco Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1927
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Fair
  • Building Quality: C
  • Building Style: Traditional
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Basement Type: Partial basement
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 456
  • Parking Space Count: 2
  • Porch Type: Screened porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 69,696
  • Lot Size Depth Feet: 4,250
  • Lot Size Frontage Feet: 1,480
  • Total Building Area: 4,198
  • Building Area: 4,198
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 4,198
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HOLLAND LAND COMPANYS SURVEY
  • Land Acres: 1.6
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 1372 PT 1 2

Ownership

  • Current Owner : SCIABARRASI LEAH M
  • Previous Owner : LANE ROBERT J
  • Owner Before Previous Owner: WAGNER CHRISTINE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Frontier Central School District
  • School Tax School District: FRONTIER
  • Census Tract: 013104

Geography

  • Account Number: 14085
  • District: 144889
  • Section: 181.130
  • Parcel: 144889 181.13-3-42
  • Block: 3
  • Lot: 42.000
  • Municipality: HAMBURG (TOV)
  • Latitude: 42.733
  • Longitude: -78.9226

    Address

  • Full Address: 5583 Truscott Ter
  • Address - House Number: 5583
  • Address - Street Name: Truscott
  • Address - Suffix Type: Ter
  • State: NY
  • City Name: Lake View
  • Carrier Code: R001
  • 4-Digit Zip Code: 9748
  • Zip Code: 14085

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $0
  • Tax Rate Code Area: 144804

    Appraisal Valuation

  • Standard Deviation: 0.183
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 76
  • Final Value: 452,942
  • High Value: 535,834
  • Low Value: 370,049

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $347,775
  • First Open Lien Mortgage Lender: PREMIUM MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Aug 27, 2020
  • First Open Lien Mortgage Loan Amount: $317,775
  • 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: Sep 01, 2050
  • Second Open Lien Mortgage Lender: MANUFACTURERS & TRADERS TRUST
  • Second Open Lien Mortgage Recording Date: May 13, 2022
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $30,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: May 13, 2052

    Market Valuation

  • Market Total Value: $428,578
  • Market Land Value: $65,312
  • Market Improvement Value: $363,266

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $137,145
  • Assessed Land Value: $20,900
  • Assessed Improvements Value: $116,245

    Sales

  • Current Sale Contract Date: Aug 07, 2020
  • Current Sale Recording Date: Aug 27, 2020
  • Current Sale Transaction ID: 11787773727
  • Current Sale Price: $334,500
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2020142285
  • Previous Sale Recording Date: Nov 15, 1994
  • Previous Sale Contract Date: Nov 15, 1994
  • Previous Sale Amount: $290,000
  • Previous Sale Document Type: Land Contract

    Last Sale Mortgage

  • First Mortgage Lender: PREMIUM MORTGAGE CORP
  • First Mortgage Transaction Date: Aug 27, 2020
  • First Mortgage Loan Amount: $317,775
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2050

About Erie



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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 5583 Truscott Terrace located in?
The 5583 Truscott Terrace is a house located in the neighborhood of Hamburg in Erie, Lake View.
What is the average sales price for listings in 5583 Truscott Terrace?
The average sales price for units in 5583 Truscott Terrace is $424,000 , or $101/sqft. currently.

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