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74 Ericas Lane

74 Ericas Lane, Sagaponack, NY 11962
Property in Southampton
Sold Oct 27, 2014
$12,750,000
$8,287,500 by First Republic Bank
Mortgage Due Nov 01, 2044
Sold Nov 20, 2012
$1,000,000
$25,000 by Black Ice Capital Corp
Mortgage
74 Ericas Lane in Sagaponack, NY was first built in 2018 and is 6 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a contemporary style. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 7 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 74 Ericas Lane has 5,960 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. In total, the area measurement of the land is 60,113 square feet.

Learn more about the property and building on this page. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. Water for the property is sourced from a well system. The property is not connected to a municipal sewage system. Instead, it is connected to a septic system which you will need to handle on your own. The condition of the building has been evaluated as good. The exterior walls of the home are made of wood. As for heating, the home is utilizing electric heaters and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 74 Ericas Lane was last sold in Oct 14, 2014 for $12,750,000. According to our calculations, that's $2,139.26 per sqft. Prior to that sales transaction, the property was sold for $1,000,000 in Oct 9, 2012. Current property owners are expected to pay $24,889 in taxes per year. The property on 74 Ericas Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $12,844,600. To break that down further, the land itself was valued at $4,605,500. While improvements to the property were assessed at a total of $8,239,100. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 2018
  • Effective Year Built: 2018
  • Bedroom Count: 7
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Style: Contemporary
  • Exterior Walls Type: Wood
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 60,113
  • Total Building Area: 5,960
  • Building Area: 5,960
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Electric
  • Heated Square Feet: 5,960
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: SPRING HOLLOW
  • Land Acres: 1.38
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BLK LOT 16

Ownership

  • Current Owner : RUBIN GERALD
  • Current Owner 2: RUBIN STANLEE
  • Previous Owner : 74 ERICAS LANE LLC
  • Owner Before Previous Owner: BELL EVAN R
  • Owner Before Previous Owner 2: BELL BARBARA R

Neighborhood

  • School District Name: Brookhaven-Comsewogue Union Free School District
  • School Tax School District: SAGAPONACK
  • Census Tract: 190714

Zoning

  • Zoning: R120

Geography

  • Assessors Map Reference: MAP 6700
  • District: 0908-0
  • Section: 10.00
  • Parcel: 0908-010.00-02.00-027.000
  • Block: 2
  • Lot: 27.000
  • Municipality: SOUTHAMPTON
  • Latitude: 40.9281
  • Longitude: -72.2551

    Address

  • Full Address: 74 Ericas Ln
  • Address - House Number: 74
  • Address - Street Name: Ericas
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Sagaponack
  • Zip Code: 11962

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $24,889
  • Tax Rate Code Area: 473610

    Appraisal Valuation

  • Standard Deviation: 0.2147
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 70
  • Final Value: 4,054,081
  • High Value: 4,924,860
  • Low Value: 3,183,303

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $8,300,000
  • First Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • First Open Lien Mortgage Recording Date: Oct 27, 2014
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $8,287,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2044
  • Second Open Lien Mortgage Lender: STIFEL BANK & TRUST
  • Second Open Lien Mortgage Recording Date: Dec 18, 2019
  • Second Open Lien Mortgage Financing Type: Adjustable Rate
  • Second Open Lien Mortgage Loan Amount: $12,500
  • Second Open Lien Mortgage Term: 348
  • Second Open Lien Mortgage Interest Rate Type: Y
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Second Open Lien Mortgage Loan Due Date: Jan 01, 2049

    Market Valuation

  • Market Total Value: $18,481,439
  • Market Land Value: $6,626,619
  • Market Improvement Value: $11,854,820

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,844,600
  • Assessed Land Value: $4,605,500
  • Assessed Improvements Value: $8,239,100

    Sales

  • Current Sale Contract Date: Oct 14, 2014
  • Current Sale Recording Date: Oct 27, 2014
  • Current Sale Transaction ID: 1114630081
  • Current Sale Price: $12,750,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Previous Sale Recording Date: Nov 20, 2012
  • Previous Sale Contract Date: Oct 09, 2012
  • Previous Sale Amount: $1,000,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST REPUBLIC BANK
  • First Mortgage Transaction Date: Oct 27, 2014
  • First Mortgage Loan Amount: $8,287,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2044

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: BLACK ICE CAPITAL CORP
  • Previous Mortgage Transaction Date: Nov 20, 2012
  • Previous Mortgage Loan Amount: $25,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Unknown (DEFAULT)

About Sagaponack



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Frequently Asked Questions

What neighborhood is 74 Ericas Lane located in?
The 74 Ericas Lane is a located in the neighborhood of Southampton in Sagaponack, Sagaponack.
What is the average sales price for listings in 74 Ericas Lane?
The average sales price for units in 74 Ericas Lane is $0 currently.

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