118 Arbor Way

118 Arbor Way in Somerville, NJ was first built in 1992 and is 32 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a condo style. 118 Arbor Way has 1,320 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. In total, the area measurement of the land is 810 square feet.

Learn more about the property and building on this page. 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, 118 Arbor Way was last sold in Mar 6, 2024 for $375,000. According to our calculations, that's $284.09 per sqft. Prior to that sales transaction, the property was sold for $208,000 in Aug 24, 2015. Current property owners are expected to pay $5,185 in taxes per year. The property on 118 Arbor Way was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $241,600. To break that down further, the land itself was valued at $81,000. While improvements to the property were assessed at a total of $160,600. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. 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.