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1 Oakwood Lane

1 Oakwood Lane, Palisades Park, NJ 07650
Property in Bergen
Sold Jul 14, 2021
$715,000
$464,000 by Korean American Catholics Fede
Mortgage Due Jul 01, 2051
Sold May 12, 2003
$315,000
Buyer
Seller
$252,000 by Americas Wholesale Lender
Mortgage
1 Oakwood Lane in Palisades Park, NJ was first built in 1976 and is 48 years old. This has been categorized as a residential property type. It is a single story home. 1 Oakwood Lane has 2,254 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. In total, the area measurement of the land is 4,017 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. There is one available parking space. The exterior walls of the home are made of brick. 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, 1 Oakwood Lane sold most recently in Jun 18, 2021 for a total of $715,000. If you work out the math, that's approximately a cost of $317.21 per sqft. Before that, the property was also sold for $315,000 in Apr 17, 2003. 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 $9,799 in taxes each year. 1 Oakwood Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $682,100. If we break it down further, the land itself was valued at $413,000. Improvements to the property, however, were assessed at a total of $269,100. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Bedroom Count: 0
  • Exterior Walls Type: Brick
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 4,017
  • Total Building Area: 2,254
  • Building Area: 2,254
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,254
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.092
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : KIM JAY H
  • Current Owner 2: KIM TAISOOK
  • Previous Owner : KIM SONG WON
  • Previous Owner 2: KIM YUEN HEE
  • Owner Before Previous Owner: DURAN MANUEL
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Palisades Park Borough School District
  • Census Tract: 041200

Zoning

  • Zoning: AA

Geography

  • Account Number: 115115
  • District: 45
  • Parcel: 45 00735-0000-00002
  • Block: 735
  • Lot: 2
  • Municipality: PALISADES PARK BORO
  • Latitude: 40.8362
  • Longitude: -73.9917

    Address

  • Full Address: 1 Oakwood Ln
  • Address - House Number: 1
  • Address - Street Name: Oakwood
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Palisades Park
  • Carrier Code: C012
  • 4-Digit Zip Code: 1932
  • Zip Code: 07650

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,799

    Appraisal Valuation

  • Standard Deviation: 0.1989
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 902,730
  • High Value: 1,082,294
  • Low Value: 723,166

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $464,000
  • First Open Lien Mortgage Lender: KOREAN AMERICAN CATHOLICS FEDE
  • First Open Lien Mortgage Recording Date: Jul 14, 2021
  • First Open Lien Mortgage Loan Amount: $464,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Unknown (DEFAULT)
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2051

    Market Valuation

  • Market Total Value: $682,100
  • Market Land Value: $413,000
  • Market Improvement Value: $269,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $682,100
  • Assessed Land Value: $413,000
  • Assessed Improvements Value: $269,100

    Sales

  • Current Sale Contract Date: Jun 18, 2021
  • Current Sale Recording Date: Jul 14, 2021
  • Current Sale Transaction ID: 11859246701
  • Current Sale Price: $715,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2021112751
  • Previous Sale Recording Date: May 12, 2003
  • Previous Sale Contract Date: Apr 17, 2003
  • Previous Sale Amount: $315,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: KOREAN AMERICAN CATHOLICS FEDE
  • First Mortgage Transaction Date: Jul 14, 2021
  • First Mortgage Loan Amount: $464,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Unknown (DEFAULT)
  • First Mortgage Loan Due Date: Jul 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAS WHOLESALE LENDER
  • Previous Mortgage Transaction Date: May 12, 2003
  • Previous Mortgage Loan Amount: $252,000

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Frequently Asked Questions

What neighborhood is 1 Oakwood Lane located in?
The 1 Oakwood Lane is a located in the neighborhood of Bergen in Palisades Park, Palisades Park.
What is the average sales price for listings in 1 Oakwood Lane?
The average sales price for units in 1 Oakwood Lane is $0 currently.

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