Check Availability

564 Butter Lane

564 Butter Lane, Bridgehampton, NY 11932
Property in Southampton
Sold Apr 23, 2010
$2,100,000
$4,917,422 by Bank Of America Na
Mortgage Due Jul 01, 2038
Sold Apr 05, 1996
$55,500
564 Butter Lane in Bridgehampton, NY was first built in 2002 and is 22 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 contemporary style. It is a single story home. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 564 Butter Lane has 9,709 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. In total, the area measurement of the land is 64,469 square feet.

Learn more about the property and building on this page. 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 well system. The property is not connected to a municipal sewage system. Instead, it is connected to a septic system which you will need to handle on your own. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as good. The exterior walls of the home are made of wood. 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 gas. 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. 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, 564 Butter Lane was last sold in Apr 9, 2010 for $2,100,000. According to our calculations, that's $216.29 per sqft. Prior to that sales transaction, the property was sold for $55,500 in Mar 25, 1996. Current property owners are expected to pay $0 in taxes per year. The property on 564 Butter Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $3,602,300. To break that down further, the land itself was valued at $1,867,800. While improvements to the property were assessed at a total of $1,734,500. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 2002
  • Effective Year Built: 2002
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: B
  • Building Style: Contemporary
  • Exterior Walls Type: Wood
  • Floor Count: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 64,469
  • Total Building Area: 9,709
  • Building Area: 9,709
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 9,709
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Land Acres: 1.48
  • Standard Land Use Code: Single family residential
  • Legal Description 1: N-UIHLEIN S-STRONG E-BUTTER LANE W-SOUTHAMPTON TOWN

Ownership

  • Current Owner : CHESTMAN JESSICA
  • Current Owner 2: CHESTMAN SCOTT A
  • Previous Owner : BING JOANNE
  • Previous Owner 2: BING RICHARD
  • Owner Before Previous Owner: VANHOOK LAWRENCE H
  • Owner Before Previous Owner 2: SORRENTINO MICHAEL J

Neighborhood

  • School District Name: Bridgehampton Union Free School District
  • School Tax School District: BRIDGEHAMPTON
  • Census Tract: 190712

Zoning

  • Zoning: CR80

Geography

  • District: 0900-0
  • Section: 68.00
  • Parcel: 0900-068.00-01.00-003.031
  • Block: 1
  • Lot: 3.031
  • Municipality: SOUTHAMPTON
  • Latitude: 40.9484
  • Longitude: -72.3176

    Address

  • Full Address: 564 Butter Ln
  • Address - House Number: 564
  • Address - Street Name: Butter
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Bridgehampton
  • Zip Code: 11932

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 473609

    Appraisal Valuation

  • Standard Deviation: 0.2393
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 66
  • Final Value: 2,621,443
  • High Value: 3,248,837
  • Low Value: 1,994,050

    Open Liens

  • Total Open Liens: 4
  • Total Open Liens Amount: $6,444,791
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Jun 06, 2022
  • First Open Lien Mortgage Loan Amount: $4,917,422
  • First Open Lien Mortgage Term: 192
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2038
  • Second Open Lien Mortgage Lender: BANK OF AMERICA N A
  • Second Open Lien Mortgage Recording Date: Mar 25, 2014
  • Second Open Lien Mortgage Financing Type: Adjustable Rate
  • Second Open Lien Mortgage Loan Amount: $25,869
  • Second Open Lien Mortgage Term: 345
  • Second Open Lien Mortgage Interest Rate Type: Y
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Jan 01, 2043
  • Third Open Lien Mortgage Lender: BANK OF AMERICA NA
  • Third Open Lien Mortgage Recording Date: Sep 21, 2020
  • Third Open Lien Mortgage Financing Type: Adjustable Rate
  • Third Open Lien Mortgage Loan Amount: $250,500
  • Third Open Lien Mortgage Term: 360
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Third Open Lien Mortgage Loan Due Date: Oct 01, 2050
  • Fourth Open Lien Mortgage Lender: BANK OF AMERICA NA
  • Fourth Open Lien Mortgage Recording Date: Jun 06, 2022
  • Fourth Open Lien Mortgage Financing Type: Adjustable Rate
  • Fourth Open Lien Mortgage Loan Amount: $1,251,000
  • Fourth Open Lien Mortgage Term: 360
  • Fourth Open Lien Mortgage Interest Rate Type: Y
  • Fourth Open Lien Mortgage Position: 4
  • Fourth Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Fourth Open Lien Mortgage Loan Due Date: Jun 06, 2052

    Market Valuation

  • Market Total Value: $5,183,165
  • Market Land Value: $2,687,482
  • Market Improvement Value: $2,495,683

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,602,300
  • Assessed Land Value: $1,867,800
  • Assessed Improvements Value: $1,734,500

    Sales

  • Current Sale Contract Date: Apr 09, 2010
  • Current Sale Recording Date: Apr 23, 2010
  • Current Sale Transaction ID: 1195985124
  • Current Sale Price: $2,100,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Previous Sale Recording Date: Apr 05, 1996
  • Previous Sale Contract Date: Mar 25, 1996
  • Previous Sale Amount: $55,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: MERRILL LYNCH CREDIT CORP
  • First Mortgage Transaction Date: Apr 23, 2010
  • First Mortgage Loan Amount: $1,350,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Unknown (DEFAULT)
  • First Mortgage Loan Due Date: May 01, 2040

    Open Lien Mortgages

  • Third Open Lien Mortgage Interest Rate Type: Y

About Bridgehampton



Similar Buildings

Property at 564 Butter Lane,

1751 Scuttle Hole Road

  • 1 Unit for Sale
  • 2 Stories
1751 Scuttle Hole Road, Bridgehampton, NY 11932
Property at 564 Butter Lane,

232 Millstone Road

  • 1 Unit for Sale
  • 1 Story
232 Millstone Road, Water Mill, NY 11976
Property at 564 Butter Lane,

10 Mill Path

  • 1 Unit for Sale
10 Mill Path, Sag Harbor, NY 11963
Property at 564 Butter Lane,

7 Casey Lane

  • 1 Unit for Sale
7 Casey Lane, Bridgehampton, NY 11932

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 564 Butter Lane located in?
The 564 Butter Lane is a located in the neighborhood of Southampton in Bridgehampton, Bridgehampton.
What is the average sales price for listings in 564 Butter Lane?
The average sales price for units in 564 Butter Lane is $0 currently.

Quantcast