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6 Newground Lane

6 Newground Lane, Water Mill, NY 11976
House in Southampton
Sold Feb 19, 2020
$4,650,000
$3,022,500 by Wells Fargo Bank Na
Mortgage Due Mar 01, 2049
Sold Jan 03, 2019
$1,300,000
6 Newground Lane has been categorized by the local assessors in Water Mill, NY as a residential type of property. The building on the property was first built in 2020 and is 4 years old. The home has a total of 8 bedrooms. In addition, 6 Newground Lane has 6,194 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 61,420 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Love to swim? You'll be excited to find out that there is a pool on the property. Finally, the property is currently sourcing its water from none system. 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, 6 Newground Lane was last sold in Nov 21, 2019 for $4,650,000. According to our calculations, that's $750.73 per sqft. Prior to that sales transaction, the property was sold for $1,300,000 in Dec 12, 2018. Current property owners are expected to pay $0 in taxes per year. The property on 6 Newground Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $4,610,900. To break that down further, the land itself was valued at $1,136,200. While improvements to the property were assessed at a total of $3,474,700. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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.

Building Features

Parking

Private Parking

Swimming Pool

Inground Pool
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Bedroom Count: 8
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 61,420
  • Total Building Area: 6,194
  • Building Area: 6,194
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 6,194
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: None
  • Water Service: None

Building

  • Property Class: Residential
  • Subdivision: NEW GROUND
  • Land Acres: 1.41
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BLK LOT 20

Ownership

  • Current Owner : FOSTER HAYES J
  • Current Owner 2: FOSTER SARA L
  • Previous Owner : 6 NEWGROUND LANE LLC
  • Owner Before Previous Owner: NEIKO LLC

Neighborhood

  • School District Name: Southampton Union Free School District
  • School Tax School District: SOUTHHAMPTON
  • Census Tract: 190713

Zoning

  • Zoning: CR80

Geography

  • Assessors Map Reference: MAP 10519
  • District: 0900-0
  • Section: 66.00
  • Parcel: 0900-066.00-01.00-020.020
  • Block: 1
  • Lot: 20.020
  • Municipality: SOUTHAMPTON
  • Latitude: 40.9446
  • Longitude: -72.3543

    Address

  • Full Address: 6 Newground Ln
  • Address - House Number: 6
  • Address - Street Name: Newground
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Water Mill
  • Carrier Code: R002
  • 4-Digit Zip Code: 2245
  • Zip Code: 11976

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 473606

    Appraisal Valuation

  • Standard Deviation: 0.2522
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 64
  • Final Value: 4,296,328
  • High Value: 5,380,078
  • Low Value: 3,212,578

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $3,068,692
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Feb 19, 2020
  • First Open Lien Mortgage Loan Amount: $3,022,500
  • First Open Lien Mortgage Term: 348
  • 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: Mar 01, 2049
  • Second Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • Second Open Lien Mortgage Recording Date: Apr 14, 2022
  • Second Open Lien Mortgage Loan Amount: $46,192
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • Second Open Lien Mortgage Loan Due Date: May 01, 2052

    Market Valuation

  • Market Total Value: $6,634,388
  • Market Land Value: $1,634,820
  • Market Improvement Value: $4,999,568

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,610,900
  • Assessed Land Value: $1,136,200
  • Assessed Improvements Value: $3,474,700

    Sales

  • Current Sale Contract Date: Nov 21, 2019
  • Current Sale Recording Date: Feb 19, 2020
  • Current Sale Transaction ID: 11745152385
  • Current Sale Price: $4,650,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Jan 03, 2019
  • Previous Sale Contract Date: Dec 12, 2018
  • Previous Sale Amount: $1,300,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Feb 19, 2020
  • First Mortgage Loan Amount: $3,022,500
  • First Mortgage Terms: 348
  • First Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • First Mortgage Loan Due Date: Mar 01, 2049

About Water Mill



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Frequently Asked Questions

What neighborhood is 6 Newground Lane located in?
The 6 Newground Lane is a house located in the neighborhood of Southampton in Water Mill, Water Mill.
What is the average sales price for listings in 6 Newground Lane?
The average sales price for units in 6 Newground Lane is $0 currently.

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