NOT LISTED FOR SALE

655 E Lake Rd Penn Yan, NY 14527

Estimated Value: $634,000 - $930,000

4 Beds
2 Baths
2,500 Sq Ft
$334/Sq Ft Est. Value

Last Sold March 02, 2015

Last sale price $279,900 $112 Per Sq Ft

Est. 199% increase in value since last sale

Current estimated payment $5,073/month

5 Days on Market

Highlights

  • 65 Feet of Waterfront
  • Colonial Architecture
  • Wood Flooring
  • Beach Access
  • Deck
  • Full Attic

About This Home

As of March 2015

Buy as is, proof of funds required to make all offers, suvery and abstract at buyers expense. Taxes are estimated and need to be verified by buyers. First 20 days Owner occupancy offers only, thereafter all offer are allowed.

Last Agent to Sell the Property

Ted Storto

Listing by Countywide Properties License #37ST0923466 Listed on: 12/26/2014

Last Buyer's Agent

Richard Murphy

Listing by Howard Hanna Lake Group License #10491207796

Howard Hanna Lake Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,600

Year Built

  • Built in 1940

Lot Details

  • 0.52 Acre Lot
  • 65 Feet of Waterfront

Home Design

  • Colonial Architecture
  • Stone Foundation

Interior Spaces

  • 2,500 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • 1 Fireplace
  • Sliding Doors
  • Family Room
  • Formal Dining Room
  • Den
  • Wood Flooring
  • Water Views
  • Eat-In Kitchen
  • Laundry on main level

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Attic

  • Full Attic
  • Attic Fan

Basement

  • Walk-Out Basement
  • Partial Basement
  • Sump Pump

Parking

  • 2 Car Attached Garage
  • Driveway

Outdoor Features

  • Beach Access
  • Property is near a lake
  • Deck
  • Enclosed Patio or Porch

Utilities

  • Heating System Uses Steam
  • Heating System Uses Oil
  • The lake is a source of water for the property
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 572000-097-069-0001-011-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,600

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Age: 74
  • NY Swis Code: Barrington-572000
  • Total Assessed Value: 475000
  • Foundation Description: Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Information: Beach/Water Access - See Remarks, Neighborhood Street, Water View
  • L P Per Acre: 519038.4600
  • List Price per Sq Ft: 107.9600
  • Nearest Cross Street: Sturdevant
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 538269.23
  • Ratio Close Price By Sq Ft: 111.96
  • Ratio List Price By Acres: 519038.46
  • Ratio List Price By Sq Ft: 107.96
  • Regional Board Code: Rochester
  • Regional Board Number: 6385
  • Sale Price List Price: 1.0370
  • S P Per Acre: 538269.2300
  • S P Per Sq Ft: 111.9600
  • Styles of Residence: 2 Story, Colonial
  • Sub Board Code: Rochester
  • Type of Sale: Bank Owned / REO
  • Value Range Search Low Price: 269900.00
  • Year Built Description: Existing
  • Age of Building: 83
  • Year Built: 1940
  • Directions To Property: RT 54 East Lake Rd..appox 6.5 miles south of Penn Yan
  • WaterRelatedFeatures: Beach/Water Access, Water View
  • Special Features: 20
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1940

Interior Features

  • Full Bathrooms: 2
  • Additional Interior Features: Attic Fan, Circuit Breakers - Some, Natural Woodwork - some, Sliding Glass Door, Sump Pump
  • Additional Rooms: Den/Study, Family Room, Laundry-1st Floor, Primary Bedroom Bath, Porch - Enclosed
  • Attic Description: Full
  • Basement Description: Exterior Walkout, Partial
  • Floor Description: Hardwood-Some, Resilient-Some, Wood-Some
  • Kitchen Dining Description: Eat-In, Formal Dining Room
  • Number of Bedrooms 2nd Floor: 4
  • Number of Fireplaces Total Calculated: 1
  • Number of 2nd Floor Full Bathrooms: 2
  • Number of Rooms: 10
  • Total Bathrooms: 2.00
  • Total Bedrooms: 4
  • Total Sq Ft: 2500

Exterior Features

  • Construction: Wood
  • Waterfront Name: Keuka Lake
  • Additional Exterior Features: Deck, Dock- see Remarks, Patio
  • Number of Acres: 0.5200
  • Waterfront Description: Lake
  • Waterfront Frontage: 65

Garage/Parking

  • Driveway Description: Blacktop
  • Garage Description: Attached
  • Number of Garage Spaces: 2.0000

Utilities

  • Heating Fuel Description: Oil
  • Hvac Type: Steam
  • Sewer Description: Septic
  • Water Heater Fuel: Electric

Condo/Co-op/Association

  • HOA Payment Frequency: None

Lot Info

  • Parcel Number: 572000-097-069-0001-011-000-0000

Tax Info

  • Total Taxes: 6600

MLS Schools

  • School District Name: Penn Yan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 26, 2014
Closed on
Feb 27, 2015
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Simmons Daren J and Simmons Simmons
Seller's Agent
Ted Storto
Countywide Properties
Buyer's Agent
Richard Murphy
Howard Hanna Lake Group
List Price
$269,900
Sold Price
$279,900
Premium/Discount to List
$10,000
3.71%
Current Estimated Value
$836,112

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$556,212
Avg. Annual Appreciation
10.57%

Purchase Details

Closed on
Jun 27, 2014
Sold by
Wegman David J
Bought by
Federal Home Loan Mortgag Corporation

Purchase Details

Closed on
Jun 29, 2007
Sold by
Hood Barbara Lee
Bought by
Wegman David J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
6.48%
Mortgage Type
New Conventional
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Simmons Daren J $285,000 Donald Schneider
Simmons Daren J $285,000 Donald Schneider
Federal Home Loan Mortgag Corporation $376,747 --
Federal Home Loan Mortgag Corporation $376,747 --
Wegman David J $490,000 Kenneth D Licht
Wegman David J $490,000 Kenneth D Licht
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wegman David J $405,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/02/2015 03/02/15 Sold $279,900 +3.7% $112 / Sq Ft
12/31/2014 12/31/14 Pending -- -- --
12/26/2014 12/26/14 For Sale $269,900 -- $108 / Sq Ft
Source: Upstate New York Real Estate Information Services (UNYREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,926 $595,500 $273,500 $322,000
2023 $91 $500,000 $274,000 $226,000
2022 $9,478 $500,000 $274,000 $226,000
2021 $9,368 $500,000 $274,000 $226,000
2020 $8,931 $425,000 $258,000 $167,000
2019 $8,356 $425,000 $258,000 $167,000
2018 $8,356 $400,000 $258,000 $142,000
2017 $6,562 $300,000 $299,000 $1,000
2016 $6,640 $300,000 $299,000 $1,000
2015 -- $300,000 $299,000 $1,000
2014 -- $475,000 $247,000 $228,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Upstate New York Real Estate Information Services (UNYREIS)

MLS Number: R263480

Upstate New York Real Estate Information Services (UNYREIS)

APN: 572000-097-069-0001-011-000-0000