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1 Cortland Lane

1 Cortland Lane, Bedminster, NJ 07921
Property in Somerset
Sold Apr 17, 2020
$275,000
$247,500 by Caliber Home Loans Inc
Mortgage Due May 01, 2050
Sold Jun 20, 2008
$105,315
Local assessors in Bedminster, NJ have categorized 1 Cortland Lane as a residential type of property. The home was built in 1989 and is 35 years old. The property's lot size has been calculated to be 258 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. If we look only at the heated or air conditioned part of the building, then 1 Cortland Lane has a total of 1,018 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1 Cortland Lane was last sold in Apr 1, 2020 for $275,000. According to our calculations, that's $270.14 per sqft. Prior to that sales transaction, the property was sold for $105,315 in Jun 16, 2008. Current property owners are expected to pay $3,741 in taxes per year. The property on 1 Cortland Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $279,200. To break that down further, the land itself was valued at $100,700. While improvements to the property were assessed at a total of $178,500. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Bedroom Count: 0
  • Building Style: Condo
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 258
  • Total Building Area: 1,018
  • Building Area: 1,018
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,018
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.005
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: ADDITIONAL LOTS: CORTLAND MODEL D

Ownership

  • Current Owner : ROONEY BRITTANY
  • Previous Owner : EGNATUK FAMILY LLC
  • Owner Before Previous Owner: RJB ASSOCIATES LP
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Bedminster Township School District
  • Census Tract: 052905

Zoning

  • Zoning: PUD

Geography

  • Assessors Map Reference: TAX MAP 1313
  • District: 01
  • Parcel: 01 00059- 23-07801-0000-CONDO
  • Block: 59.23
  • Lot: 7801
  • Municipality: BEDMINSTER TWP
  • Latitude: 40.6543
  • Longitude: -74.6418

    Address

  • Full Address: 1 Cortland Ln
  • Address - House Number: 1
  • Address - Street Name: Cortland
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Bedminster
  • Carrier Code: C005
  • 4-Digit Zip Code: 2026
  • Zip Code: 07921

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,741

    Appraisal Valuation

  • Standard Deviation: 0.153
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 81
  • Final Value: 360,273
  • High Value: 415,420
  • Low Value: 305,126

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $247,500
  • First Open Lien Mortgage Lender: CALIBER HOME LOANS INC
  • First Open Lien Mortgage Recording Date: Apr 17, 2020
  • First Open Lien Mortgage Loan Amount: $247,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2050

    Market Valuation

  • Market Total Value: $280,350
  • Market Land Value: $101,115
  • Market Improvement Value: $179,235

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $279,200
  • Assessed Land Value: $100,700
  • Assessed Improvements Value: $178,500

    Sales

  • Current Sale Contract Date: Apr 01, 2020
  • Current Sale Recording Date: Apr 17, 2020
  • Current Sale Transaction ID: 11760797848
  • Current Sale Price: $275,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2020016085
  • Previous Sale Recording Date: Jun 20, 2008
  • Previous Sale Contract Date: Jun 16, 2008
  • Previous Sale Amount: $105,315
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CALIBER HOME LOANS INC
  • First Mortgage Transaction Date: Apr 17, 2020
  • First Mortgage Loan Amount: $247,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2050

About Somerset



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Frequently Asked Questions

What neighborhood is 1 Cortland Lane located in?
The 1 Cortland Lane is a located in the neighborhood of Somerset in Somerset, Bedminster.
What is the average sales price for listings in 1 Cortland Lane?
The average sales price for units in 1 Cortland Lane is $0 currently.

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