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16 Cherry Street

16 Cherry Street, Locust Valley, NY 11560
Property in Locust Valley
Sold Oct 21, 2010
$495,000
$362,000 by Wells Fargo Bank Na
Mortgage Due Nov 01, 2040
Sold Feb 13, 2006
$545,000
16 Cherry Street in Locust Valley, NY was first built in 1924 and is 100 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 style that we are currently unable to determine. There are a total of 2 floors. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 16 Cherry Street has 1,169 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 open porch. 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 good. The exterior walls of the home are made of wood. 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. The property was last sold in Oct 15, 2010 for $495,000. That's $423.44 per sqft. Prior to that sales transaction, the property was also sold in Feb 3, 2006 for $545,000. 16 Cherry Street was last assessed in 2023. The total value of the property was assessed at $442. Specifically, the land the property is located on was valued at $268. While improvements on the property were assessed at a total of $174. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $7,982. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Good
  • Building Quality: C-
  • Construction Type: Frame
  • Building Style: Other
  • Exterior Walls Type: Wood
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 5,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,169
  • Building Area: 1,169
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,169
  • Heating Fuel Type: Gas

    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 #3 SCH DIST 004

Ownership

  • Current Owner : MILTON KRISTIN B
  • Previous Owner : SNIPES JAMES F
  • Previous Owner 2: ROCHERON CHRISTOPHER
  • Owner Before Previous Owner: COFFEY ROBERT
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Locust Valley Central School District
  • School Tax School District: 004
  • Census Tract: 517802

Geography

  • District: 282489
  • Section: 30
  • Parcel: 30-017-00-0039
  • Block: 17
  • Lot: 39-40
  • Municipality: OYSTER BAY UNINCORPORATED
  • Latitude: 40.8774
  • Longitude: -73.5979

    Address

  • Full Address: 16 Cherry St
  • Address - House Number: 16
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: NY
  • City Name: Locust Valley
  • Carrier Code: C002
  • 4-Digit Zip Code: 1730
  • Zip Code: 11560

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,982
  • Tax Rate Code Area: 515

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 79
  • Final Value: 614,320
  • High Value: 713,454
  • Low Value: 515,186

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $362,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Oct 21, 2010
  • First Open Lien Mortgage Loan Amount: $362,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2040

    Market Valuation

  • Market Total Value: $442,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $442
  • Assessed Land Value: $268
  • Assessed Improvements Value: $174

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 15, 2010
  • Current Sale Recording Date: Oct 21, 2010
  • Current Sale Transaction ID: 1194610084
  • Current Sale Price: $495,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2010102100396
  • Previous Sale Recording Date: Feb 13, 2006
  • Previous Sale Contract Date: Feb 03, 2006
  • Previous Sale Amount: $545,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Oct 21, 2010
  • First Mortgage Loan Amount: $362,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Nov 01, 2040

About Locust Valley



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Frequently Asked Questions

What neighborhood is 16 Cherry Street located in?
The 16 Cherry Street is a located in the neighborhood of Locust Valley in Locust Valley, Locust Valley.
What is the average sales price for listings in 16 Cherry Street?
The average sales price for units in 16 Cherry Street is $0 currently.

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