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596 Terrace Place

596 Terrace Place, Baldwin, NY 11510
Property in Baldwin
Sold Jul 10, 2023
$518,500
Sold Mar 03, 2011
$290,000
$286,146 by Real Estate Mortgage Network I
Mortgage Due Mar 01, 2041
Local assessors in Baldwin, NY have categorized 596 Terrace Place as a residential type of property. The home was built in 1943 and is 81 years old. The property's lot size has been calculated to be 6,000 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 600 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a Cape Cod 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 596 Terrace Place has a total of 1,915 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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 municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 180 sqft. Do you like to entertain? The home has both a open porch and a patio so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. 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. The building has a roof that is made of shingle (not wood). Lots of masonry 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 central 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. The property was last sold in Jun 28, 2023 for $518,500. That's $270.76 per sqft. Prior to that sales transaction, the property was also sold in Feb 15, 2011 for $290,000. 596 Terrace Place was last assessed in 2023. The total value of the property was assessed at $526. Specifically, the land the property is located on was valued at $162. While improvements on the property were assessed at a total of $364. 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 $16,197. The initial tax year of delinquency was in 2023. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1943
  • Effective Year Built: 1943
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Cape Cod
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 180
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,915
  • Building Area: 1,915
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,915
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.138
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TOWN #1 SCH DIST 010

Ownership

  • Current Owner : WILMINGTON SAVINGS FUND SOCIETY
  • Current Owner 2: RESIDENTIAL CREDIT OPPORTUNITIES TR VI A
  • Previous Owner : FLORES HENRY
  • Previous Owner 2: AMAYA JULIA
  • Owner Before Previous Owner: VARELA EDWARD
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Baldwin Union Free School District
  • School Tax School District: 010
  • Census Tract: 413500

Geography

  • District: 282089
  • Section: 36
  • Parcel: 36-389-00-0291
  • Block: 389
  • Lot: 291
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6722
  • Longitude: -73.6165

    Address

  • Full Address: 596 Terrace Pl
  • Address - House Number: 596
  • Address - Street Name: Terrace
  • Address - Suffix Type: Pl
  • State: NY
  • City Name: North Baldwin
  • Carrier Code: C025
  • 4-Digit Zip Code: 1735
  • Zip Code: 11510

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $16,197
  • Intital Tax Deliquent Year: 2023
  • Tax Rate Code Area: 424

    Appraisal Valuation

  • Standard Deviation: 0.1687
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 78
  • Final Value: 719,980
  • High Value: 841,482
  • Low Value: 598,478

    Market Valuation

  • Market Total Value: $526,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $526
  • Assessed Land Value: $162
  • Assessed Improvements Value: $364

    Sales

  • Current Sale Contract Date: Jun 28, 2023
  • Current Sale Recording Date: Jul 10, 2023
  • Current Sale Transaction ID: 11909233510
  • Current Sale Price: $518,500
  • Current Sale Document Type: Referee's Deed - transfer pursuant to a foreclosure sale (NY)
  • Current Sale Input Document Number: 2023-40089
  • Previous Sale Recording Date: Mar 03, 2011
  • Previous Sale Contract Date: Feb 15, 2011
  • Previous Sale Amount: $290,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Previous Mortgages

  • Previous Mortgage Lender: REAL ESTATE MORTGAGE NETWORK I
  • Previous Mortgage Transaction Date: Mar 03, 2011
  • Previous Mortgage Loan Amount: $286,146
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Mar 01, 2041

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Frequently Asked Questions

What neighborhood is 596 Terrace Place located in?
The 596 Terrace Place is a located in the neighborhood of Baldwin in Baldwin, Baldwin.
What is the average sales price for listings in 596 Terrace Place?
The average sales price for units in 596 Terrace Place is $0 currently.

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