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1040 Lamington Road

1040 Lamington Road, Bedminster, NJ 07921
Property in Somerset
Sold Sep 22, 2022
$2,500,000
Sold Jul 01, 1998
$1,700,000
$850,000 by America's Wholesale Lender
Mortgage
1040 Lamington Road in Bedminster, NJ was first built in 1860 and is 164 years old. This has been categorized as a residential property type. There are a total of 2 floors. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1040 Lamington Road has 7,125 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 152,460 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. There are a total of 4 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. 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, 1040 Lamington Road was last sold in Sep 14, 2022 for $2,500,000. According to our calculations, that's $350.88 per sqft. Prior to that sales transaction, the property was sold for $1,700,000 in Jun 24, 1998. Current property owners are expected to pay $29,388 in taxes per year. The property on 1040 Lamington Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $2,193,100. To break that down further, the land itself was valued at $435,300. While improvements to the property were assessed at a total of $1,757,800. 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. 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.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: 1860
  • Effective Year Built: 1860
  • Total Rooms: 11
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Construction Type: Frame
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 152,460
  • Total Building Area: 7,125
  • Gross Building Area: 7,125
  • Building Area: 7,125
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 7,125
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 3.5
  • Standard Land Use Code: Rural/agricultural residence

Ownership

  • Current Owner : SHAFFER MARYJO
  • Current Owner 2: PIGOTT WILLIAM
  • Previous Owner : DUNN WILLIAM L
  • Previous Owner 2: DUNN JOANNE
  • Owner Before Previous Owner: PLATT THOMAS E
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Bedminster Township School District
  • Census Tract: 052904

Zoning

  • Zoning: R10

Geography

  • Assessors Map Reference: TAX MAP 9
  • District: 01
  • Parcel: 01 00039-0000-00013
  • Block: 39
  • Lot: 13
  • Municipality: BEDMINSTER TWP
  • Latitude: 40.6625
  • Longitude: -74.6939

    Address

  • Full Address: 1040 Lamington Rd
  • Address - House Number: 1040
  • Address - Street Name: Lamington
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Bedminster
  • Carrier Code: R001
  • 4-Digit Zip Code: 2770
  • Zip Code: 07921

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $29,388

    Market Valuation

  • Market Total Value: $2,202,129
  • Market Land Value: $437,092
  • Market Improvement Value: $1,765,037

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,193,100
  • Assessed Land Value: $435,300
  • Assessed Improvements Value: $1,757,800

    Sales

  • Current Sale Contract Date: Sep 14, 2022
  • Current Sale Recording Date: Sep 22, 2022
  • Current Sale Transaction ID: 11896793904
  • Current Sale Price: $2,500,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 39960
  • Previous Sale Recording Date: Jul 01, 1998
  • Previous Sale Contract Date: Jun 24, 1998
  • Previous Sale Amount: $1,700,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: AMERICA'S WHOLESALE LENDER
  • Previous Mortgage Transaction Date: Jul 01, 1998
  • Previous Mortgage Loan Amount: $850,000
  • Previous Mortgage Term: 360

About Somerset



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Frequently Asked Questions

What neighborhood is 1040 Lamington Road located in?
The 1040 Lamington Road is a located in the neighborhood of Somerset in Somerset, Bedminster.
What is the average sales price for listings in 1040 Lamington Road?
The average sales price for units in 1040 Lamington Road is $0 currently.

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