11 Lake Avenue

11 Lake Avenue in Somerset, NJ was first built in 1967 and is 57 years old. This has been categorized as a residential property type. It is a single story home. 11 Lake Avenue has 2,150 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. The linear feet across the front of the lot is 1,190 ft and the linear feet between the front and back of the lot is 1,600. In total, the area measurement of the land is 19,040 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 2 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, 11 Lake Avenue was last sold in Dec 28, 2020 for $485,000. According to our calculations, that's $225.58 per sqft. Prior to that sales transaction, the property was sold for $399,900 in Sep 27, 2007. Current property owners are expected to pay $9,597 in taxes per year. The property on 11 Lake Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $514,700. To break that down further, the land itself was valued at $259,700. While improvements to the property were assessed at a total of $255,000. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. 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!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.