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7 Franklin Place

7 Franklin Place, Great Neck, NY 11023
Property in Great Neck
Sold Jan 26, 2010
$430,000
$200,000 by Wells Fargo Bank N A
Mortgage Due Feb 01, 2025
Local assessors in Great Neck, NY have categorized 7 Franklin Place as a residential type of property. The home was built in 1924 and is 100 years old. The property's lot size has been calculated to be 5,000 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 500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a style that we are currently unable to determine. 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 7 Franklin Place has a total of 1,284 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 detached garage for those who need a place to park their vehicle. The garage on the property is 400 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is good. 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 alum/vinyl siding 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. 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, 7 Franklin Place was last sold in Jan 13, 2010 for $430,000. According to our calculations, that's $334.89 per sqft. Current property owners are expected to pay $12,659 in taxes per year. The property on 7 Franklin Place was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $798. To break that down further, the land itself was valued at $382. While improvements to the property were assessed at a total of $416. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1924
  • Effective Year Built: 1924
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Other
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 60
  • Garage Type: Detached
  • Garage Square Area: 400
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,284
  • Building Area: 1,284
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,284
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.115
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TOWN #2 SCH DIST 007

Ownership

  • Current Owner : PARK KEITH
  • Current Owner 2: PARK SU IN
  • Previous Owner : MCNULTY DARLENE
  • Previous Owner 2: KROT DARLENE ALEXANDRA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Great Neck Union Free School District
  • School Tax School District: 007
  • School Tax District Code 2: GN
  • Census Tract: 300400

Geography

  • District: 282209
  • Section: 1
  • Parcel: 01-084-00-0002
  • Block: 84
  • Lot: 2
  • Municipality: GREAT NECK
  • Latitude: 40.8043
  • Longitude: -73.7334

    Address

  • Full Address: 7 Franklin Pl
  • Address - House Number: 7
  • Address - Street Name: Franklin
  • Address - Suffix Type: Pl
  • State: NY
  • City Name: Great Neck
  • Carrier Code: C016
  • 4-Digit Zip Code: 1222
  • Zip Code: 11023

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $12,659
  • Tax Rate Code Area: 755

    Appraisal Valuation

  • Standard Deviation: 0.178
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 76
  • Final Value: 916,105
  • High Value: 1,079,180
  • Low Value: 753,029

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $200,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK N A
  • First Open Lien Mortgage Recording Date: Jan 26, 2010
  • First Open Lien Mortgage Loan Amount: $200,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Unknown (DEFAULT)
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2025

    Market Valuation

  • Market Total Value: $798,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $798
  • Assessed Land Value: $382
  • Assessed Improvements Value: $416

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 13, 2010
  • Current Sale Recording Date: Jan 26, 2010
  • Current Sale Transaction ID: 1115665329
  • Current Sale Price: $430,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2010012601808

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK N A
  • First Mortgage Transaction Date: Jan 26, 2010
  • First Mortgage Loan Amount: $200,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: Unknown (DEFAULT)
  • First Mortgage Loan Due Date: Feb 01, 2025

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Frequently Asked Questions

What neighborhood is 7 Franklin Place located in?
The 7 Franklin Place is a located in the neighborhood of Great Neck in Great Neck, Great Neck.
What is the average sales price for listings in 7 Franklin Place?
The average sales price for units in 7 Franklin Place is $0 currently.

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