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1150 Oakcroft Lane

1150 Oakcroft Lane, Somerset, NJ 08873
Property in Somerset
Sold Jun 22, 2018
$290,000
$232,000 by American Neighborhood Mtg Acce
Mortgage Due Jul 01, 2033
Sold Oct 29, 2008
$288,400
$283,196 by New Jersey Lenders Corp
Mortgage Due Nov 01, 2038
Local assessors in Somerset, NJ have categorized 1150 Oakcroft Lane as a residential type of property. The home was built in 1992 and is 32 years old. The property's lot size has been calculated to be 1,751 square feet. The linear feet between the front and back of the lot was measured at 1,030 ft and the front of the lot was measured at 170 ft. If we look only at the heated or air conditioned part of the building, then 1150 Oakcroft Lane has a total of 1,949 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. 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, 1150 Oakcroft Lane was last sold in Jun 15, 2018 for $290,000. According to our calculations, that's $148.79 per sqft. Prior to that sales transaction, the property was sold for $288,400 in Oct 3, 2008. Current property owners are expected to pay $7,010 in taxes per year. The property on 1150 Oakcroft Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $363,000. To break that down further, the land itself was valued at $140,000. While improvements to the property were assessed at a total of $223,000. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

Building Features

Parking

Attached Garage

Driveway

Driveway

Location

Cul-De-Sac Lot
Near Public Transit

Condition

Wooded Lot
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Bedroom Count: 0
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,751
  • Lot Size Depth Feet: 1,030
  • Lot Size Frontage Feet: 170
  • Total Building Area: 1,949
  • Building Area: 1,949
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,949
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OAKCROFT TOWNHOUSES
  • Land Acres: 0.04
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : TAMASHUNAS WILLIAM M
  • Previous Owner : RAMAKRISHNAN NAVIN P
  • Previous Owner 2: RAMAKRISHNAN RAMYA
  • Owner Before Previous Owner: KIM YOUNG KI
  • Owner Before Previous Owner 2: KIM NAJUNG
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Franklin Township School District
  • Census Tract: 053105

Zoning

  • Zoning: R20

Geography

  • Assessors Map Reference: TAX MAP 8405
  • District: 08
  • Parcel: 08 00386- 17-00129- 42
  • Block: 386.17
  • Lot: 129.42
  • Municipality: FRANKLIN TWP
  • Latitude: 40.5163
  • Longitude: -74.4938

    Address

  • Full Address: 1150 Oakcroft Ln
  • Address - House Number: 1150
  • Address - Street Name: Oakcroft
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Somerset
  • Carrier Code: C038
  • 4-Digit Zip Code: 1678
  • Zip Code: 08873

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,010

    Appraisal Valuation

  • Standard Deviation: 0.1618
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 79
  • Final Value: 473,744
  • High Value: 550,416
  • Low Value: 397,072

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $232,000
  • First Open Lien Mortgage Lender: AMERICAN NEIGHBORHOOD MTG ACCE
  • First Open Lien Mortgage Recording Date: Jun 22, 2018
  • First Open Lien Mortgage Loan Amount: $232,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2033

    Market Valuation

  • Market Total Value: $359,015
  • Market Land Value: $138,463
  • Market Improvement Value: $220,552

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $363,000
  • Assessed Land Value: $140,000
  • Assessed Improvements Value: $223,000

    Sales

  • Current Sale Contract Date: Jun 15, 2018
  • Current Sale Recording Date: Jun 22, 2018
  • Current Sale Transaction ID: 11493047945
  • Current Sale Price: $290,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2018022837
  • Previous Sale Recording Date: Oct 29, 2008
  • Previous Sale Contract Date: Oct 03, 2008
  • Previous Sale Amount: $288,400
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN NEIGHBORHOOD MTG ACCE
  • First Mortgage Transaction Date: Jun 22, 2018
  • First Mortgage Loan Amount: $232,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2033

    Previous Mortgages

  • Previous Mortgage Lender: NEW JERSEY LENDERS CORP
  • Previous Mortgage Transaction Date: Oct 29, 2008
  • Previous Mortgage Loan Amount: $283,196
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Nov 01, 2038

About Somerset



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Frequently Asked Questions

What neighborhood is 1150 Oakcroft Lane located in?
The 1150 Oakcroft Lane is a located in the neighborhood of Somerset in Somerset, Somerset.
What is the average sales price for listings in 1150 Oakcroft Lane?
The average sales price for units in 1150 Oakcroft Lane is $0 currently.

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