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1 Peiker Way

1 Peiker Way, West Orange, NJ 07052
Property in Essex
Sold Jan 30, 2008
$931,910
$664,000 by Wells Fargo Bank Na
Mortgage Due May 01, 2045
Sold Jan 25, 2008
$931,900
$745,500 by K Hovnanian American Mortgage
Mortgage Due Feb 01, 2038
Local assessors in West Orange, NJ have categorized 1 Peiker Way as a residential type of property. The home was built in 2007 and is 17 years old. 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 Peiker Way has a total of 3,679 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. 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 Peiker Way sold most recently in Jan 25, 2008 for a total of $931,910. If you work out the math, that's approximately a cost of $253.31 per sqft. Before that, the property was also sold for $931,900 in Jan 25, 2008. 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 $30,393 in taxes each year. 1 Peiker Way was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $685,000. If we break it down further, the land itself was valued at $200,000. Improvements to the property, however, were assessed at a total of $485,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 2007
  • Effective Year Built: 2007
  • Bedroom Count: 0
  • Building Style: Condo
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 0
  • Total Building Area: 3,679
  • Building Area: 3,679
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,679
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Standard Land Use Code: Condominium unit (residential)

Ownership

  • Current Owner : SCHONFELD BENNET L
  • Current Owner 2: SCHONFELD JUDYTHE M
  • Previous Owner : M&M AT WEST ORANGE LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: West Orange Town School District
  • Census Tract: 017302

Geography

  • Assessors Map Reference: TAX MAP 104
  • District: 22
  • Parcel: 22 00169- 02-00002-0000-C0003
  • Block: 169.02
  • Lot: 2
  • Municipality: WEST ORANGE TWP
  • Latitude: 40.783
  • Longitude: -74.2912

    Address

  • Full Address: 1 Peiker Way
  • Address - House Number: 1
  • Address - Street Name: Peiker
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: West Orange
  • Carrier Code: C061
  • 4-Digit Zip Code: 6612
  • Zip Code: 07052

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $30,393

    Appraisal Valuation

  • Standard Deviation: 0.212
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 71
  • Final Value: 961,037
  • High Value: 1,164,819
  • Low Value: 757,255

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $664,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Aug 05, 2015
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $664,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: May 01, 2045

    Market Valuation

  • Market Total Value: $685,000
  • Market Land Value: $200,000
  • Market Improvement Value: $485,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $685,000
  • Assessed Land Value: $200,000
  • Assessed Improvements Value: $485,000

    Sales

  • Current Sale Contract Date: Jan 25, 2008
  • Current Sale Recording Date: Jan 30, 2008
  • Current Sale Transaction ID: 1101710664
  • Current Sale Price: $931,910
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 8009833
  • Previous Sale Recording Date: Jan 25, 2008
  • Previous Sale Contract Date: Jan 25, 2008
  • Previous Sale Amount: $931,900
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: K HOVNANIAN AMERICAN MORTGAGE
  • First Mortgage Transaction Date: Jan 30, 2008
  • First Mortgage Loan Amount: $745,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Feb 01, 2038

    Previous Mortgages

  • Previous Mortgage Lender: K HOVNANIAN AMERICAN MORTGAGE
  • Previous Mortgage Transaction Date: Jan 25, 2008
  • Previous Mortgage Loan Amount: $745,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Feb 01, 2038

About Essex



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Frequently Asked Questions

What neighborhood is 1 Peiker Way located in?
The 1 Peiker Way is a located in the neighborhood of Essex in Essex, West Orange.
What is the average sales price for listings in 1 Peiker Way?
The average sales price for units in 1 Peiker Way is $0 currently.

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