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109 Center Avenue

109 Center Avenue, Chatham, NJ 07928
Property in Morris
Sold Mar 15, 2021
$764,000
$611,200 by Loandepot.com Llc
Mortgage Due Jan 01, 2051
Sold Nov 24, 2014
$586,000
$468,800 by Wells Fargo Bank Na
Mortgage Due Dec 01, 2044
Local assessors in Chatham, NJ have categorized 109 Center Avenue as a residential type of property. The home was built in 1932 and is 92 years old. The property's lot size has been calculated to be 6,913 square feet. The linear feet between the front and back of the lot was measured at 1,280 ft and the front of the lot was measured at 540 ft. 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 109 Center Avenue has a total of 1,560 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 Dec 14, 2020 for $764,000. That's $489.74 per sqft. Prior to that sales transaction, the property was also sold in Nov 13, 2014 for $586,000. 109 Center Avenue was last assessed in 2023. The total value of the property was assessed at $820,300. Specifically, the land the property is located on was valued at $503,700. While improvements on the property were assessed at a total of $316,600. 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 $12,747. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1932
  • Effective Year Built: 1932
  • 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: 6,913
  • Lot Size Depth Feet: 1,280
  • Lot Size Frontage Feet: 540
  • Total Building Area: 1,560
  • Building Area: 1,560
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,560
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.159
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : PALMA MICHAEL
  • Current Owner 2: PALMA MARISA NOELLE
  • Previous Owner : LOFTIN DUSTIN P
  • Previous Owner 2: LOFTIN CAMILLE C
  • Owner Before Previous Owner: SHIMPI JOAN
  • Owner Before Previous Owner 2: ANDERSON JOANN
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: The Chathams School District
  • Census Tract: 042700

Zoning

  • Zoning: R-3

Geography

  • Account Number: 20666004
  • District: 04
  • Parcel: 04 00060-0000-00019
  • Block: 60
  • Lot: 19
  • Municipality: CHATHAM BORO
  • Latitude: 40.7457
  • Longitude: -74.3796

    Address

  • Full Address: 109 Center Ave
  • Address - House Number: 109
  • Address - Street Name: Center
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Chatham
  • Carrier Code: C004
  • 4-Digit Zip Code: 2601
  • Zip Code: 07928

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $12,747

    Appraisal Valuation

  • Standard Deviation: 0.1686
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 78
  • Final Value: 905,663
  • High Value: 1,058,396
  • Low Value: 752,930

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $611,200
  • First Open Lien Mortgage Lender: LOANDEPOT.COM LLC
  • First Open Lien Mortgage Recording Date: Mar 15, 2021
  • First Open Lien Mortgage Loan Amount: $611,200
  • 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: Jan 01, 2051

    Market Valuation

  • Market Total Value: $763,923
  • Market Land Value: $469,082
  • Market Improvement Value: $294,841

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $820,300
  • Assessed Land Value: $503,700
  • Assessed Improvements Value: $316,600

    Sales

  • Current Sale Contract Date: Dec 14, 2020
  • Current Sale Recording Date: Mar 15, 2021
  • Current Sale Transaction ID: 11827727408
  • Current Sale Price: $764,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2021024777
  • Previous Sale Recording Date: Nov 24, 2014
  • Previous Sale Contract Date: Nov 13, 2014
  • Previous Sale Amount: $586,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: LOANDEPOT.COM LLC
  • First Mortgage Transaction Date: Mar 15, 2021
  • First Mortgage Loan Amount: $611,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Nov 24, 2014
  • Previous Mortgage Loan Amount: $468,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Dec 01, 2044

About Chatham



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Frequently Asked Questions

What neighborhood is 109 Center Avenue located in?
The 109 Center Avenue is a located in the neighborhood of Morris in Chatham, Chatham.
What is the average sales price for listings in 109 Center Avenue?
The average sales price for units in 109 Center Avenue is $0 currently.

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