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7 Walnut Place

7 Walnut Place, Great Neck, NY 11021
Property in Great Neck Plaza
Sold Nov 07, 2018
$680,000
Seller
$476,000 by Cathay Bank
Mortgage
7 Walnut Place has been categorized by the local assessors in Great Neck, NY as a residential type of property. The building on the property was first built in 1926 and is 98 years old. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 7 Walnut Place has 1,138 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 730 ft and across the front of the lot is 290 ft. The area measurement of the land has been determined as 2,117 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a style that we are currently unable to determine.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a open porch. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of wood shake/ shingles. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. 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 Walnut Place was last sold in Oct 24, 2018 for $680,000. According to our calculations, that's $597.54 per sqft. Current property owners are expected to pay $10,742 in taxes per year. The property on 7 Walnut Place was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $673. To break that down further, the land itself was valued at $292. While improvements to the property were assessed at a total of $381. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Other
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 2,117
  • Lot Size Depth Feet: 730
  • Lot Size Frontage Feet: 290
  • Total Building Area: 1,138
  • Building Area: 1,138
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,138
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.049
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TOWN #2 SCH DIST 007

Ownership

  • Current Owner : PAN JIN
  • Current Owner 2: ZHAO YU
  • Previous Owner : DIXON CRAIG
  • 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: GP
  • Census Tract: 300500

Geography

  • District: 282213
  • Section: 2
  • Parcel: 02-301-00-0027
  • Block: 301
  • Lot: 27
  • Municipality: GREAT NECK PLAZA
  • Latitude: 40.7877
  • Longitude: -73.7307

    Address

  • Full Address: 7 Walnut Pl
  • Address - House Number: 7
  • Address - Street Name: Walnut
  • Address - Suffix Type: Pl
  • State: NY
  • City Name: Great Neck
  • Carrier Code: C004
  • 4-Digit Zip Code: 3247
  • Zip Code: 11021

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,742
  • Tax Rate Code Area: 816

    Appraisal Valuation

  • Standard Deviation: 0.1665
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 78
  • Final Value: 859,292
  • High Value: 1,002,443
  • Low Value: 716,141

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $652,000
  • First Open Lien Mortgage Lender: CATHAY BANK
  • First Open Lien Mortgage Recording Date: Nov 07, 2018
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $476,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Lender: NEWBANK
  • Second Open Lien Mortgage Recording Date: Aug 03, 2020
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $176,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $673,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $673
  • Assessed Land Value: $292
  • Assessed Improvements Value: $381

    Sales

  • Current Sale Contract Date: Oct 24, 2018
  • Current Sale Recording Date: Nov 07, 2018
  • Current Sale Transaction ID: 11535337262
  • Current Sale Price: $680,000
  • Current Sale Document Type: Executor's Deed
  • Current Sale Input Document Number: 2018-099788

    Last Sale Mortgage

  • First Mortgage Lender: CATHAY BANK
  • First Mortgage Transaction Date: Nov 07, 2018
  • First Mortgage Loan Amount: $476,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Variable

About Great Neck



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Frequently Asked Questions

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

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