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116 Timothy Place

116 Timothy Place, Bridgewater, NJ 08807
Property in Somerset
Sold Jan 04, 2017
$400,000
$320,000 by Weichert Financial Services
Mortgage Due Jan 01, 2047
Local assessors in Bridgewater, NJ have categorized 116 Timothy Place as a residential type of property. The home was built in 1966 and is 58 years old. The property's lot size has been calculated to be 20,038 square feet. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 116 Timothy Place has a total of 1,666 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. 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, 116 Timothy Place sold most recently in Dec 8, 2016 for a total of $400,000. If you work out the math, that's approximately a cost of $240.10 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 $9,930 in taxes each year. 116 Timothy Place was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $488,900. If we break it down further, the land itself was valued at $253,400. Improvements to the property, however, were assessed at a total of $235,500. 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. 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.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: 1966
  • Effective Year Built: 1966
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 20,038
  • Total Building Area: 1,666
  • Building Area: 1,666
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,666
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.46
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : CAPOTOSTO JOHN
  • Previous Owner : ANDREWS WILLIAM J
  • Previous Owner 2: ANDREWS BARBARA A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Bridgewater-Raritan Regional School District
  • Census Tract: 050704

Zoning

  • Zoning: R20

Geography

  • Assessors Map Reference: TAX MAP 13
  • Account Number: S001
  • District: 06
  • Parcel: 06 00112-0000-00025
  • Block: 112
  • Lot: 25
  • Municipality: BRIDGEWATER TWP
  • Latitude: 40.5686
  • Longitude: -74.6649

    Address

  • Full Address: 116 Timothy Pl
  • Address - House Number: 116
  • Address - Street Name: Timothy
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Bridgewater
  • Carrier Code: C013
  • 4-Digit Zip Code: 2543
  • Zip Code: 08807

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,930

    Appraisal Valuation

  • Standard Deviation: 0.1415
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 83
  • Final Value: 621,011
  • High Value: 708,896
  • Low Value: 533,126

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $320,000
  • First Open Lien Mortgage Lender: WEICHERT FINANCIAL SERVICES
  • First Open Lien Mortgage Recording Date: Jan 04, 2017
  • First Open Lien Mortgage Loan Amount: $320,000
  • 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: Jan 01, 2047

    Market Valuation

  • Market Total Value: $504,385
  • Market Land Value: $261,426
  • Market Improvement Value: $242,959

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $488,900
  • Assessed Land Value: $253,400
  • Assessed Improvements Value: $235,500

    Sales

  • Current Sale Contract Date: Dec 08, 2016
  • Current Sale Recording Date: Jan 04, 2017
  • Current Sale Transaction ID: 1806206119
  • Current Sale Price: $400,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2017000411

    Last Sale Mortgage

  • First Mortgage Lender: WEICHERT FINANCIAL SERVICES
  • First Mortgage Transaction Date: Jan 04, 2017
  • First Mortgage Loan Amount: $320,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2047

About Bradley Gardens



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Frequently Asked Questions

What neighborhood is 116 Timothy Place located in?
The 116 Timothy Place is a located in the neighborhood of Somerset in Bradley Gardens, Bridgewater.
What is the average sales price for listings in 116 Timothy Place?
The average sales price for units in 116 Timothy Place is $0 currently.

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