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12 Traceway

12 Traceway, Lancaster, NY 14086
House in Lancaster
Sold Oct 07, 2019
$264,900
$239,674 by Nationstar Mortgage Llc
Mortgage Due May 01, 2051
Sold Oct 18, 1996
$114,300
12 Traceway has been categorized by the local assessors in Lancaster, NY as a residential type of property. The building on the property was first built in 1996 and is 28 years old. The home has a total of 3 bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 12 Traceway has 1,652 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,579 ft and across the front of the lot is 612 ft. The area measurement of the land has been determined as 9,148 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a colonial style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 437 sqft. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The exterior walls of the building are made of alum/vinyl siding. In terms of heating, it is utilizing a forced air unit and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. 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, 12 Traceway sold most recently in Oct 4, 2019 for a total of $264,900. If you work out the math, that's approximately a cost of $160.35 per sqft. Before that, the property was also sold for $114,300 in Oct 18, 1996. 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 $0 in taxes each year. 12 Traceway was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $265,000. If we break it down further, the land itself was valued at $70,000. Improvements to the property, however, were assessed at a total of $195,000. 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. 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. 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

Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Colonial
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 437
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 9,148
  • Lot Size Depth Feet: 1,579
  • Lot Size Frontage Feet: 612
  • Total Building Area: 1,652
  • Building Area: 1,652
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,652
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HOLLAND LAND COMPANY S SURVEY
  • Land Acres: 0.21
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MC 2634 SL 107

Ownership

  • Current Owner : BUSH ADAM
  • Current Owner 2: BUSH LAUREN
  • Previous Owner : LAUFER DWANE C
  • Previous Owner 2: LAUFER LUANNE
  • Owner Before Previous Owner: ALL CRAFT INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Her Husband

Neighborhood

  • School District Name: Lancaster Central School District
  • School Tax School District: LANCASTER
  • Census Tract: 014208

Zoning

  • Zoning: R2

Geography

  • District: 145289
  • Section: 104.80
  • Parcel: 145289 104.08-8-8
  • Block: 8
  • Lot: 8.000
  • Municipality: LANCASTER (TOV)
  • Latitude: 42.919
  • Longitude: -78.6614

    Address

  • Full Address: 12 Traceway
  • Address - House Number: 12
  • Address - Street Name: Traceway
  • State: NY
  • City Name: Lancaster
  • Carrier Code: C008
  • 4-Digit Zip Code: 1460
  • Zip Code: 14086

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $0
  • Tax Rate Code Area: 145201

    Appraisal Valuation

  • Standard Deviation: 0.2239
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 69
  • Final Value: 378,130
  • High Value: 462,802
  • Low Value: 293,458

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $243,010
  • First Open Lien Mortgage Lender: NATIONSTAR MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Aug 20, 2021
  • First Open Lien Mortgage Loan Amount: $239,674
  • 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: May 01, 2051
  • Second Open Lien Mortgage Lender: NATIONSTAR MORTGAGE LLC
  • Second Open Lien Mortgage Recording Date: May 07, 2021
  • Second Open Lien Mortgage Loan Amount: $3,336
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: May 01, 2051

    Market Valuation

  • Market Total Value: $353,300
  • Market Land Value: $93,325
  • Market Improvement Value: $259,975

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $265,000
  • Assessed Land Value: $70,000
  • Assessed Improvements Value: $195,000

    Sales

  • Current Sale Contract Date: Oct 04, 2019
  • Current Sale Recording Date: Oct 07, 2019
  • Current Sale Transaction ID: 11738262725
  • Current Sale Price: $264,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2019219011
  • Previous Sale Recording Date: Oct 18, 1996
  • Previous Sale Contract Date: Oct 18, 1996
  • Previous Sale Amount: $114,300
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: NATIONSTAR MORTGAGE LLC
  • First Mortgage Transaction Date: Oct 07, 2019
  • First Mortgage Loan Amount: $242,582
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2049

About Erie



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Frequently Asked Questions

What neighborhood is 12 Traceway located in?
The 12 Traceway is a house located in the neighborhood of Lancaster in Erie, Lancaster.
What is the average sales price for listings in 12 Traceway?
The average sales price for units in 12 Traceway is $0 currently.

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