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88 Ocean Avenue

88 Ocean Avenue, Lynbrook, NY 11563
Multifamily in Lynbrook
Sold Mar 23, 2022
$625,000
Sold Oct 11, 2011
$255,000
$190,000 by G And M Wolkenberg Inc
Mortgage Due Oct 01, 2041
88 Ocean Avenue in Lynbrook, NY was first built in 1956 and is 68 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 duplex style. There are a total of 2 floors. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 88 Ocean Avenue has 1,704 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 400 ft and the linear feet between the front and back of the lot is 960. In total, the area measurement of the land is 3,640 square feet.

Learn more about the property and building on this page. 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. 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 alum/vinyl siding. 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. 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, 88 Ocean Avenue sold most recently in Mar 14, 2022 for a total of $625,000. If you work out the math, that's approximately a cost of $366.78 per sqft. Before that, the property was also sold for $255,000 in Sep 30, 2011. 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 $8,592 in taxes each year. 88 Ocean Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $434. If we break it down further, the land itself was valued at $150. Improvements to the property, however, were assessed at a total of $284. 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.

Building Features

Exterior

Brick Exterior
Vinyl Siding
Private Entrance

Driveway

Driveway

Parking

Private Parking
No Garage

Location

Near Public Transit
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Total Rooms: 11
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C+
  • Construction Type: Frame
  • Building Style: Duplex
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Unfinished basement
  • Basement Area: 24
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,640
  • Lot Size Depth Feet: 960
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,704
  • Gross Building Area: 1,704
  • Building Area: 1,704
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,704
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MAP OF LYNBROOK ESTATES
  • Land Acres: 0.084
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: TOWN #1 SCH DIST 012

Ownership

  • Current Owner : CHEN CALVIN
  • Previous Owner : TOSCANO VINCENT A
  • Previous Owner 2: TOSCANO DIANE
  • Owner Before Previous Owner: SINGH JATINDER
  • Owner Before Previous Owner 2: KAUR NAVJOT FREET
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Malverne Union Free School District
  • School Tax School District: 012
  • School Tax District Code 2: LYN
  • Census Tract: 412000

Geography

  • District: 282025
  • Section: 38
  • Parcel: 38-056-00-0144
  • Block: 56
  • Lot: 144
  • Municipality: LYNBROOK
  • Latitude: 40.6647
  • Longitude: -73.6602

    Address

  • Full Address: 88 Ocean Ave
  • Address - House Number: 88
  • Address - Street Name: Ocean
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Lynbrook
  • Carrier Code: C013
  • 4-Digit Zip Code: 1945
  • Zip Code: 11563

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,592
  • Tax Rate Code Area: 286

    Appraisal Valuation

  • Standard Deviation: 0.0923
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 91
  • Final Value: 652,824
  • High Value: 713,101
  • Low Value: 592,548

    Market Valuation

  • Market Total Value: $434,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $434
  • Assessed Land Value: $150
  • Assessed Improvements Value: $284

    Sales

  • Current Sale Contract Date: Mar 14, 2022
  • Current Sale Recording Date: Mar 23, 2022
  • Current Sale Transaction ID: 11884834711
  • Current Sale Price: $625,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2022-00035690
  • Previous Sale Recording Date: Oct 11, 2011
  • Previous Sale Contract Date: Sep 30, 2011
  • Previous Sale Amount: $255,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Previous Mortgages

  • Previous Mortgage Lender: G AND M WOLKENBERG INC
  • Previous Mortgage Transaction Date: Oct 11, 2011
  • Previous Mortgage Loan Amount: $190,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Oct 01, 2041

About Lynbrook




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Nearby Rentals

Unit for rent at

$3,700 /mo

  • 3 Beds
  • 1 Bath
Listing by Karen A Elefante
Unit for rent at

$3,750 /mo

  • Studio
Listing by Roger C Hart
Unit for rent at

$4,250 /mo

  • 4 Beds
  • 2 Baths
Listing by Adam Butter

Frequently Asked Questions

What neighborhood is 88 Ocean Avenue located in?
The 88 Ocean Avenue is a multifamily located in the neighborhood of Lynbrook in Lynbrook, Lynbrook.
What is the average sales price for listings in 88 Ocean Avenue?
The average sales price for units in 88 Ocean Avenue is $0 currently.

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