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11 Schley Road

11 Schley Road, Far Hills, NJ 07931
Property in Somerset
Sold Jun 08, 2012
$445,000
$488,000 by Pnc Bank National Association
Mortgage Due Mar 15, 2062
Sold Sep 20, 2000
$325,000
$292,500 by Citibank
Mortgage
Local assessors in Far Hills, NJ have categorized 11 Schley Road as a residential type of property. The home was built in 1989 and is 35 years old. The property's lot size has been calculated to be 9,583 square feet. The linear feet between the front and back of the lot was measured at 1,570 ft and the front of the lot was measured at 620 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a colonial style. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 11 Schley Road has a total of 1,800 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 attached garage for those who need a place to park their vehicle. 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. 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 Schley Road sold most recently in May 29, 2012 for a total of $445,000. If you work out the math, that's approximately a cost of $247.22 per sqft. Before that, the property was also sold for $325,000 in Sep 14, 2000. 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 $6,653 in taxes each year. 11 Schley Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $504,400. If we break it down further, the land itself was valued at $218,000. Improvements to the property, however, were assessed at a total of $286,400. The property's total assessed value has been marked as more than the total market value which is pretty atypical. 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. 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.

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Colonial
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Lot Size Depth Feet: 1,570
  • Lot Size Frontage Feet: 620
  • Total Building Area: 1,800
  • Building Area: 1,800
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,800
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.22
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : COLLINS MICHAEL
  • Current Owner 2: COLLINS JESSICA
  • Previous Owner : REED CHRISTOPHER D
  • Previous Owner 2: REED MARY ANN
  • Owner Before Previous Owner: SKRAINAR KATHLEEN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Somerset Hills Regional School District
  • Census Tract: 052901

Zoning

  • Zoning: R9

Geography

  • Assessors Map Reference: TAX MAP 5
  • Account Number: SWR#336
  • District: 07
  • Parcel: 07 00016-0000-00015
  • Block: 16
  • Lot: 15
  • Municipality: FAR HILLS BORO
  • Latitude: 40.6873
  • Longitude: -74.6438

    Address

  • Full Address: 11 Schley Rd
  • Address - House Number: 11
  • Address - Street Name: Schley
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Far Hills
  • Carrier Code: R011
  • 4-Digit Zip Code: 2428
  • Zip Code: 07931

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,653

    Appraisal Valuation

  • Standard Deviation: 0.1447
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 82
  • Final Value: 701,759
  • High Value: 803,328
  • Low Value: 600,190

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $868,000
  • First Open Lien Mortgage Lender: PNC BANK NATIONAL ASSOCIATION
  • First Open Lien Mortgage Recording Date: Jun 07, 2022
  • First Open Lien Mortgage Loan Amount: $488,000
  • First Open Lien Mortgage Term: 476
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Mar 15, 2062
  • Second Open Lien Mortgage Lender: MB FINANCIAL BANK NA
  • Second Open Lien Mortgage Recording Date: Apr 06, 2015
  • Second Open Lien Mortgage Loan Amount: $380,000
  • Second Open Lien Mortgage Term: 240
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Apr 01, 2035

    Market Valuation

  • Market Total Value: $499,901
  • Market Land Value: $216,056
  • Market Improvement Value: $283,845

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $504,400
  • Assessed Land Value: $218,000
  • Assessed Improvements Value: $286,400

    Sales

  • Current Sale Contract Date: May 29, 2012
  • Current Sale Recording Date: Jun 08, 2012
  • Current Sale Transaction ID: 1109415108
  • Current Sale Price: $445,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2012030912
  • Previous Sale Recording Date: Sep 20, 2000
  • Previous Sale Contract Date: Sep 14, 2000
  • Previous Sale Amount: $325,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: COLE TAYLOR BANK
  • First Mortgage Transaction Date: Jun 08, 2012
  • First Mortgage Loan Amount: $400,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2042

    Previous Mortgages

  • Previous Mortgage Lender: CITIBANK
  • Previous Mortgage Transaction Date: Sep 20, 2000
  • Previous Mortgage Loan Amount: $292,500
  • Previous Mortgage Term: 360

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Frequently Asked Questions

What neighborhood is 11 Schley Road located in?
The 11 Schley Road is a located in the neighborhood of Somerset in Far Hills, Far Hills.
What is the average sales price for listings in 11 Schley Road?
The average sales price for units in 11 Schley Road is $0 currently.

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