Check Availability

70 Gates Avenue

70 Gates Avenue, Central Islip, NY 11722
Property in Central Islip
Sold Apr 02, 2021
$185,000
$432,030 by United Mortgage Corp
Mortgage Due Feb 01, 2051
70 Gates Avenue in Central Islip, NY was first built in 1985 and is 39 years old. This has been categorized as a residential property type. 70 Gates Avenue has 1,056 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. The linear feet across the front of the lot is 1,000 ft and the linear feet between the front and back of the lot is 2,000. In total, the area measurement of the land is 19,602 square feet.

Learn more about the property and building on this page. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 70 Gates Avenue sold most recently in Feb 19, 2021 for a total of $185,000. If you work out the math, that's approximately a cost of $175.19 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $12,235 in taxes each year. 70 Gates Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $38,800. If we break it down further, the land itself was valued at $12,400. Improvements to the property, however, were assessed at a total of $26,400. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 19,602
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,056
  • Building Area: 1,056
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,056
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.45
  • Standard Land Use Code: Single family residential
  • Legal Description 1: X2214638Y208693 T011H00000000

Ownership

  • Current Owner : JMS HOMES LLC
  • Previous Owner : SMITH ANNA P EST
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Central Islip Union Free School District
  • School Tax School District: CENTRAL ISLIP
  • Census Tract: 145703

Zoning

  • Zoning: AA

Geography

  • District: 0500-0
  • Section: 50.07
  • Parcel: 0500-076.00-04.00-003.000
  • Block: 6000
  • Lot: 400.003
  • Municipality: ISLIP
  • Latitude: 40.796
  • Longitude: -73.2244

    Address

  • Full Address: 70 Gates Ave
  • Address - House Number: 70
  • Address - Street Name: Gates
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Central Islip
  • Carrier Code: C016
  • 4-Digit Zip Code: 1809
  • Zip Code: 11722

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $12,235
  • Tax Rate Code Area: 472813

    Appraisal Valuation

  • Standard Deviation: 0.2519
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 64
  • Final Value: 548,017
  • High Value: 686,080
  • Low Value: 409,954

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $432,030
  • First Open Lien Mortgage Lender: UNITED MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Jan 04, 2022
  • First Open Lien Mortgage Loan Amount: $432,030
  • First Open Lien Mortgage Term: 348
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2051

    Market Valuation

  • Market Total Value: $532,967
  • Market Land Value: $170,330
  • Market Improvement Value: $362,637

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,800
  • Assessed Land Value: $12,400
  • Assessed Improvements Value: $26,400

    Sales

  • Current Sale Contract Date: Feb 19, 2021
  • Current Sale Recording Date: Apr 02, 2021
  • Current Sale Transaction ID: 11832048523
  • Current Sale Price: $185,000
  • Current Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: EQUITY SETTLEMENT SER
  • First Mortgage Transaction Date: Apr 02, 2021
  • First Mortgage Loan Amount: $269,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

About Central Islip



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 300 Carlton Avenue, Central Islip, NY, 11722

$4,673 /mo

  • 1 Bed
  • 1 Bath
  • 1,423 ft²
300 Carlton Avenue #8119, Central Islip, NY, 11722 Listing by Rita B Bender

Frequently Asked Questions

What neighborhood is 70 Gates Avenue located in?
The 70 Gates Avenue is a located in the neighborhood of Central Islip in Central Islip, Central Islip.
What is the average sales price for listings in 70 Gates Avenue?
The average sales price for units in 70 Gates Avenue is $0 currently.

Nearby Counties
Quantcast