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885 Oak Lane

885 Oak Lane, Valley Stream, NY 11581
Sold Jan 18, 2022
$775,000
$580,000 by Fm Home Loans Llc
Mortgage
885 Oak Lane in Valley Stream, NY was first built in 1958 and is 66 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 split level style. It is a single story home. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 885 Oak Lane has 1,889 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 basement is 365 sqft and has been categorized as a finished improved basement. The linear feet across the front of the lot is 650 ft and the linear feet between the front and back of the lot is 1,030. In total, the area measurement of the land is 6,825 square feet.

Learn more about the property and building on this page. There is a open porch and 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 garage. The garage is 147 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 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 gas. 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, 885 Oak Lane sold most recently in Jan 3, 2022 for a total of $775,000. If you work out the math, that's approximately a cost of $410.27 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 $16,299 in taxes each year. 885 Oak Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $586. If we break it down further, the land itself was valued at $269. Improvements to the property, however, were assessed at a total of $317. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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

Parking

Private Parking
Attached Garage
Attached Garage: 1 Space
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: Average
  • Building Quality: C+
  • Construction Type: Frame
  • Building Style: Split level
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 365
  • Garage Type: Garage
  • Garage Square Area: 147
  • Parking Space Count: 1
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 6,825
  • Lot Size Depth Feet: 1,030
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,889
  • Building Area: 1,889
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,889
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.157
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TOWN #1 SCH DIST 014

Ownership

  • Current Owner : BENEDEK WILLIAM
  • Current Owner 2: FOGEL KAREN
  • Previous Owner : GRECO PATRICIA A
  • Previous Owner 2: GRECO JOSEPH J
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Hewlett-Woodmere Union Free School District
  • School Tax School District: 014
  • Census Tract: 410900

Geography

  • District: 282089
  • Section: 39
  • Parcel: 39-558-00-0007
  • Block: 558
  • Lot: 7
  • Municipality: HEMPSTEAD UNINCORPORATED
  • Latitude: 40.6491
  • Longitude: -73.7234

    Address

  • Full Address: 885 Oak Ln
  • Address - House Number: 885
  • Address - Street Name: Oak
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Valley Stream
  • Carrier Code: C064
  • 4-Digit Zip Code: 2731
  • Zip Code: 11581

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $16,299
  • Tax Rate Code Area: 013

    Appraisal Valuation

  • Standard Deviation: 0.1774
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 77
  • Final Value: 804,974
  • High Value: 947,815
  • Low Value: 662,132

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $580,000
  • First Open Lien Mortgage Lender: FM HOME LOANS LLC
  • First Open Lien Mortgage Recording Date: Jan 18, 2022
  • First Open Lien Mortgage Loan Amount: $580,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $586,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $586
  • Assessed Land Value: $269
  • Assessed Improvements Value: $317

    Sales

  • Current Sale Contract Date: Jan 03, 2022
  • Current Sale Recording Date: Jan 18, 2022
  • Current Sale Transaction ID: 11878829322
  • Current Sale Price: $775,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2022-006518

    Last Sale Mortgage

  • First Mortgage Lender: FM HOME LOANS LLC
  • First Mortgage Transaction Date: Jan 18, 2022
  • First Mortgage Loan Amount: $580,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

About South Valley Stream



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Frequently Asked Questions

What neighborhood is 885 Oak Lane located in?
The 885 Oak Lane is a located in the neighborhood of South Valley Stream in South Valley Stream, Valley Stream.
What is the average sales price for listings in 885 Oak Lane?
The average sales price for units in 885 Oak Lane is $0 currently.

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