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1103 Rhoads Drive

1103 Rhoads Drive, Belle Mead, NJ 08502
Property in Somerset
Sold Aug 09, 2021
$350,000
$315,000 by Pennymac Loan Services Llc
Mortgage Due Aug 01, 2051
Sold May 31, 2017
$300,000
$240,000 by Pnc Mortgage Llc
Mortgage Due Jun 01, 2047
1103 Rhoads Drive has been categorized by the local assessors in Belle Mead, NJ as a residential type of property. The building on the property was first built in 2000 and is 24 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1103 Rhoads Drive has 1,340 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 570 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note 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, 1103 Rhoads Drive sold most recently in Jul 22, 2021 for a total of $350,000. If you work out the math, that's approximately a cost of $261.19 per sqft. Before that, the property was also sold for $300,000 in May 29, 2017. 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 $8,082 in taxes each year. 1103 Rhoads Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $236,100. If we break it down further, the land itself was valued at $79,000. Improvements to the property, however, were assessed at a total of $157,100. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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.

Building Features

Exterior

Vinyl Siding

Building Style

Colonial
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Condo
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 570
  • Total Building Area: 1,340
  • Building Area: 1,340
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,340
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PIKE RUN WOODS CONDOMINIUM
  • Land Acres: 0.013
  • Standard Land Use Code: Condominium unit (residential)

Ownership

  • Current Owner : GADDAM SUJITH
  • Previous Owner : CHANG ZHENGMIAN
  • Previous Owner 2: GUO XI
  • Owner Before Previous Owner: NEPOMNISHY ARKANDIY
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Montgomery Township School District
  • Census Tract: 053905

Geography

  • Assessors Map Reference: TAX MAP 8
  • Account Number: 00008225
  • District: 13
  • Parcel: 13 05020-0000-00011- 03-CONDO
  • Block: 5020
  • Lot: 11.03
  • Municipality: MONTGOMERY TWP
  • Latitude: 40.4658
  • Longitude: -74.658

    Address

  • Full Address: 1103 Rhoads Dr
  • Address - House Number: 1103
  • Address - Street Name: Rhoads
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Belle Mead
  • Carrier Code: R016
  • 4-Digit Zip Code: 4114
  • Zip Code: 08502

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,082

    Appraisal Valuation

  • Standard Deviation: 0.1744
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 77
  • Final Value: 443,687
  • High Value: 521,074
  • Low Value: 366,301

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $315,000
  • First Open Lien Mortgage Lender: PENNYMAC LOAN SERVICES LLC
  • First Open Lien Mortgage Recording Date: Aug 09, 2021
  • First Open Lien Mortgage Loan Amount: $315,000
  • 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: Aug 01, 2051

    Market Valuation

  • Market Total Value: $326,195
  • Market Land Value: $109,146
  • Market Improvement Value: $217,049

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $236,100
  • Assessed Land Value: $79,000
  • Assessed Improvements Value: $157,100

    Sales

  • Current Sale Contract Date: Jul 22, 2021
  • Current Sale Recording Date: Aug 09, 2021
  • Current Sale Transaction ID: 11846862832
  • Current Sale Price: $350,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021048184
  • Previous Sale Recording Date: May 31, 2017
  • Previous Sale Contract Date: May 29, 2017
  • Previous Sale Amount: $300,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: PENNYMAC LOAN SERVICES LLC
  • First Mortgage Transaction Date: Aug 09, 2021
  • First Mortgage Loan Amount: $315,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: PNC MORTGAGE LLC
  • Previous Mortgage Transaction Date: May 31, 2017
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $240,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Jun 01, 2047

About Somerset



Similar Buildings

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Nearby Rentals

Unit for rent at 226 Rhoads Dr, Montgomery Twp., NJ, 08502

$3,500 /mo

  • 2 Beds
  • 2 Baths
226 Rhoads Dr, Montgomery Twp., NJ, 08502 Listing by NEENA SAMPAT

Frequently Asked Questions

What neighborhood is 1103 Rhoads Drive located in?
The 1103 Rhoads Drive is a located in the neighborhood of Somerset in Somerset, Belle Mead.
What is the average sales price for listings in 1103 Rhoads Drive?
The average sales price for units in 1103 Rhoads Drive is $0 currently.

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