Sold Oct 27, 1998
$350,000
Buyer
Seller
$315,000
by Wells Fargo Bank Na
Mortgage Due Jan 01, 2043
11 Cherry Lane in Mendham, NJ was first built in 1963 and is 61 years old.
This has been categorized as a residential property type.
It is a single story home.
11 Cherry Lane has 2,161 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 44,867 square feet.
Learn more about the property and building on this page. 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. 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, 11 Cherry Lane sold most recently in Jul 5, 1998 for a total of $350,000. If you work out the math, that's approximately a cost of $161.96 per sqft. 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 $11,556 in taxes each year. 11 Cherry Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $553,200. If we break it down further, the land itself was valued at $307,700. Improvements to the property, however, were assessed at a total of $245,500. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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.
Learn more about the property and building on this page. 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. 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, 11 Cherry Lane sold most recently in Jul 5, 1998 for a total of $350,000. If you work out the math, that's approximately a cost of $161.96 per sqft. 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 $11,556 in taxes each year. 11 Cherry Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $553,200. If we break it down further, the land itself was valued at $307,700. Improvements to the property, however, were assessed at a total of $245,500. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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.
11 Cherry Lane, Mendham, NJ 07945
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