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74 Cherry Lane

74 Cherry Lane, Floral Park, NY 11001
Sold Jun 20, 2011
$338,000
$324,311 by Mortgage Enterprises Ltd
Mortgage Due Jun 01, 2041
Sold Dec 13, 2000
$195,000
Local assessors in Floral Park, NY have categorized 74 Cherry Lane as a residential type of property. The home was built in 1923 and is 101 years old. The property's lot size has been calculated to be 4,000 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 400 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, 3 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 74 Cherry Lane has a total of 1,244 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 216 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. 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 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. 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, 74 Cherry Lane sold most recently in May 31, 2011 for a total of $338,000. If you work out the math, that's approximately a cost of $271.70 per sqft. Before that, the property was also sold for $195,000 in Dec 8, 2000. 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 $8,216 in taxes each year. 74 Cherry Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $446. If we break it down further, the land itself was valued at $290. Improvements to the property, however, were assessed at a total of $156. 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. 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.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: 1923
  • Effective Year Built: 1923
  • Total Rooms: 7
  • Bedroom Count: 3
  • 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: Alum/Vinyl siding
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 224
  • Garage Type: Detached
  • Garage Square Area: 216
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 4,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,244
  • Building Area: 1,244
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,244
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.092
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TOWN #2 SCH DIST 122

Ownership

  • Current Owner : MONTENEGRO JIMMY
  • Previous Owner : ROBINSON CATHERINE M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Floral Park-Bellerose Union Free School District
  • School Tax School District: 122
  • Census Tract: 302700

Geography

  • District: 282289
  • Section: 8
  • Parcel: 08-079-00-0025
  • Block: 79
  • Lot: 25-26
  • Municipality: NORTH HEMPSTEAD UNINCORPORATED
  • Latitude: 40.7329
  • Longitude: -73.6959

    Address

  • Full Address: 74 Cherry Ln
  • Address - House Number: 74
  • Address - Street Name: Cherry
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Floral Park
  • Carrier Code: C005
  • 4-Digit Zip Code: 1612
  • Zip Code: 11001

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,216
  • Tax Rate Code Area: 893

    Appraisal Valuation

  • Standard Deviation: 0.1792
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 76
  • Final Value: 637,348
  • High Value: 751,618
  • Low Value: 523,079

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $324,311
  • First Open Lien Mortgage Lender: MORTGAGE ENTERPRISES LTD
  • First Open Lien Mortgage Recording Date: Jun 20, 2011
  • First Open Lien Mortgage Loan Amount: $324,311
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2041

    Market Valuation

  • Market Total Value: $446,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $446
  • Assessed Land Value: $290
  • Assessed Improvements Value: $156

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 31, 2011
  • Current Sale Recording Date: Jun 20, 2011
  • Current Sale Transaction ID: 1065435738
  • Current Sale Price: $338,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2011062000439
  • Previous Sale Recording Date: Dec 13, 2000
  • Previous Sale Contract Date: Dec 08, 2000
  • Previous Sale Amount: $195,000
  • Previous Sale Document Type: Intrafamily Transfer & Dissolution

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE ENTERPRISES LTD
  • First Mortgage Transaction Date: Jun 20, 2011
  • First Mortgage Loan Amount: $324,311
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jun 01, 2041

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Frequently Asked Questions

What neighborhood is 74 Cherry Lane located in?
The 74 Cherry Lane is a located in the neighborhood of North New Hyde Park in North New Hyde Park, Floral Park.
What is the average sales price for listings in 74 Cherry Lane?
The average sales price for units in 74 Cherry Lane is $0 currently.

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