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1024 Canal Road

1024 Canal Road, Princeton, NJ 08540
Property in Somerset
Sold Oct 27, 2020
$545,000
$436,000 by Loandepot.com Llc
Mortgage Due Oct 01, 2050
Sold Oct 16, 2014
$350,000
$332,500 by Prospect Mortgage Llc
Mortgage Due Oct 01, 2044
Local assessors in Princeton, NJ have categorized 1024 Canal Road as a residential type of property. The home was built in 1955 and is 69 years old. The property's lot size has been calculated to be 131,987 square feet. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1024 Canal Road has a total of 3,106 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. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The property was last sold in Oct 26, 2020 for $545,000. That's $175.47 per sqft. Prior to that sales transaction, the property was also sold in Aug 6, 2014 for $350,000. 1024 Canal Road was last assessed in 2023. The total value of the property was assessed at $573,500. Specifically, the land the property is located on was valued at $359,200. While improvements on the property were assessed at a total of $214,300. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $11,023. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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: 1955
  • Effective Year Built: 1955
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 131,987
  • Total Building Area: 3,106
  • Building Area: 3,106
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,106
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 3.03
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : NUNEZ JAIME A
  • Current Owner 2: NUNEZ CARUAJAI JACQUELINE
  • Previous Owner : CLARK NATHAN
  • Previous Owner 2: CLARK JACQUELYN
  • Owner Before Previous Owner: FANNIE MAE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Franklin Township School District
  • Census Tract: 053402

Zoning

  • Zoning: CP

Geography

  • Assessors Map Reference: TAX MAP 19
  • District: 08
  • Parcel: 08 00019-0000-00018
  • Block: 19
  • Lot: 18
  • Municipality: FRANKLIN TWP
  • Latitude: 40.4427
  • Longitude: -74.6087

    Address

  • Full Address: 1024 Canal Rd
  • Address - House Number: 1024
  • Address - Street Name: Canal
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Princeton
  • Carrier Code: R003
  • 4-Digit Zip Code: 8430
  • Zip Code: 08540

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $11,023

    Appraisal Valuation

  • Standard Deviation: 0.1405
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 83
  • Final Value: 717,380
  • High Value: 818,222
  • Low Value: 616,539

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $436,000
  • First Open Lien Mortgage Lender: LOANDEPOT.COM LLC
  • First Open Lien Mortgage Recording Date: Oct 27, 2020
  • First Open Lien Mortgage Loan Amount: $436,000
  • 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: Oct 01, 2050

    Market Valuation

  • Market Total Value: $567,204
  • Market Land Value: $355,257
  • Market Improvement Value: $211,947

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $573,500
  • Assessed Land Value: $359,200
  • Assessed Improvements Value: $214,300

    Sales

  • Current Sale Contract Date: Oct 26, 2020
  • Current Sale Recording Date: Oct 27, 2020
  • Current Sale Transaction ID: 11795405005
  • Current Sale Price: $545,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2020052326
  • Previous Sale Recording Date: Oct 16, 2014
  • Previous Sale Contract Date: Aug 06, 2014
  • Previous Sale Amount: $350,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: LOANDEPOT.COM LLC
  • First Mortgage Transaction Date: Oct 27, 2020
  • First Mortgage Loan Amount: $436,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: PROSPECT MORTGAGE LLC
  • Previous Mortgage Transaction Date: Oct 16, 2014
  • Previous Mortgage Loan Amount: $332,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2044

About Griggstown



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Frequently Asked Questions

What neighborhood is 1024 Canal Road located in?
The 1024 Canal Road is a located in the neighborhood of Somerset in Griggstown, Princeton.
What is the average sales price for listings in 1024 Canal Road?
The average sales price for units in 1024 Canal Road is $0 currently.

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