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78 Gerard Avenue

78 Gerard Avenue, New Hyde Park, NY 11040
Sold Jul 10, 2018
$740,000
$592,000 by First Republic Bank
Mortgage Due Jul 01, 2048
78 Gerard Avenue in New Hyde Park, NY was first built in 1941 and is 83 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 Cape Cod style. It is a single story home. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 78 Gerard Avenue has 1,361 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 500 ft and the linear feet between the front and back of the lot is 1,000. In total, the area measurement of the land is 5,000 square feet.

Learn more about the property and building on this page. There is a patio. The roof of the home is made of shingle (not wood). Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a detached garage. The garage is 220 sqft. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of masonry. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with oil. 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. 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, 78 Gerard Avenue sold most recently in Jun 28, 2018 for a total of $740,000. If you work out the math, that's approximately a cost of $543.72 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 $12,823 in taxes each year. 78 Gerard Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $641. If we break it down further, the land itself was valued at $336. Improvements to the property, however, were assessed at a total of $305. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1941
  • Effective Year Built: 1941
  • Total Rooms: 7
  • Bedroom Count: 0
  • 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: Masonry
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 220
  • Parking Space Count: 1
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 5,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,361
  • Building Area: 1,361
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,361
  • 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 005

Ownership

  • Current Owner : CHENG WING
  • Current Owner 2: CHENG LUHTING
  • Previous Owner : STEIPER MICHAEL
  • Previous Owner 2: STEIPER BARBARA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: New Hyde Park-Garden City Park Union Free School District
  • School Tax School District: 005
  • Census Tract: 302800

Geography

  • District: 282289
  • Section: 8
  • Parcel: 08-114-00-0222
  • Block: 114
  • Lot: 222
  • Municipality: NORTH HEMPSTEAD UNINCORPORATED
  • Latitude: 40.7495
  • Longitude: -73.6885

    Address

  • Full Address: 78 Gerard Ave
  • Address - House Number: 78
  • Address - Street Name: Gerard
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: New Hyde Park
  • Carrier Code: C032
  • 4-Digit Zip Code: 1910
  • Zip Code: 11040

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $12,823
  • Tax Rate Code Area: 883

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 756,632
  • High Value: 878,731
  • Low Value: 634,534

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $612,463
  • First Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • First Open Lien Mortgage Recording Date: Jul 10, 2018
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $592,000
  • 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: Jul 01, 2048
  • Second Open Lien Mortgage Lender: MORTGAGE STANLEY PVT BANK NA
  • Second Open Lien Mortgage Recording Date: Dec 10, 2020
  • Second Open Lien Mortgage Financing Type: Fixed Rate
  • Second Open Lien Mortgage Loan Amount: $20,463
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Dec 01, 2050

    Market Valuation

  • Market Total Value: $641,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $641
  • Assessed Land Value: $336
  • Assessed Improvements Value: $305

    Sales

  • Current Sale Contract Date: Jun 28, 2018
  • Current Sale Recording Date: Jul 10, 2018
  • Current Sale Transaction ID: 11483633289
  • Current Sale Price: $740,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2018-060002

    Last Sale Mortgage

  • First Mortgage Lender: FIRST REPUBLIC BANK
  • First Mortgage Transaction Date: Jul 10, 2018
  • First Mortgage Loan Amount: $592,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2048

    Financing

  • First Mortgage Financing Type: Fixed Rate

About North New Hyde Park



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Frequently Asked Questions

What neighborhood is 78 Gerard Avenue located in?
The 78 Gerard Avenue is a located in the neighborhood of North New Hyde Park in North New Hyde Park, New Hyde Park.
What is the average sales price for listings in 78 Gerard Avenue?
The average sales price for units in 78 Gerard Avenue is $0 currently.

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