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119 Sapphire Lane

119 Sapphire Lane, Franklin Park, NJ 08823
Property in Somerset
Sold Apr 29, 1999
$78,000
$110,000 by Rocket Mortgage Llc
Mortgage Due Mar 01, 2052
Sold Mar 06, 1990
$113,800
119 Sapphire Lane in Franklin Park, NJ was first built in 1990 and is 34 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. It is a single story home. 119 Sapphire Lane has 1,098 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.

Learn more about the property and building on this page. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know 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, 119 Sapphire Lane sold most recently in Apr 23, 1999 for a total of $78,000. If you work out the math, that's approximately a cost of $71.04 per sqft. Before that, the property was also sold for $113,800 in Feb 28, 1990. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $4,951 in taxes each year. 119 Sapphire Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $257,600. If we break it down further, the land itself was valued at $110,000. Improvements to the property, however, were assessed at a total of $147,600. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 1990
  • Effective Year Built: 1990
  • 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: 0
  • Total Building Area: 1,098
  • Building Area: 1,098
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,098
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Standard Land Use Code: Condominium unit (residential)

Ownership

  • Current Owner : GIBBS DIONS
  • Previous Owner : CHARLES PHILIP
  • Owner Before Previous Owner: K HOVNANIAN AT SOMERSET V INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Franklin Township School District
  • Census Tract: 053403

Zoning

  • Zoning: CR

Geography

  • Assessors Map Reference: TAX MAP 2414
  • Account Number: 188755
  • District: 08
  • Parcel: 08 00034- 09-00059- 02-C0504
  • Block: 34.09
  • Lot: 59.02
  • Municipality: FRANKLIN TWP
  • Latitude: 40.436
  • Longitude: -74.5525

    Address

  • Full Address: 119 Sapphire Ln
  • Address - House Number: 119
  • Address - Street Name: Sapphire
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Franklin Park
  • Carrier Code: C004
  • 4-Digit Zip Code: 1645
  • Zip Code: 08823

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,951

    Appraisal Valuation

  • Standard Deviation: 0.1373
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 84
  • Final Value: 315,922
  • High Value: 359,313
  • Low Value: 272,531

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $110,000
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Mar 02, 2022
  • First Open Lien Mortgage Loan Amount: $110,000
  • 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: Mar 01, 2052

    Market Valuation

  • Market Total Value: $254,772
  • Market Land Value: $108,792
  • Market Improvement Value: $145,980

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $257,600
  • Assessed Land Value: $110,000
  • Assessed Improvements Value: $147,600

    Sales

  • Current Sale Contract Date: Apr 23, 1999
  • Current Sale Recording Date: Apr 29, 1999
  • Current Sale Transaction ID: 11476160480
  • Current Sale Price: $78,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Mar 06, 1990
  • Previous Sale Contract Date: Feb 28, 1990
  • Previous Sale Amount: $113,800
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST UNITED MTG
  • First Mortgage Transaction Date: Apr 29, 1999
  • First Mortgage Loan Amount: $76,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA

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Frequently Asked Questions

What neighborhood is 119 Sapphire Lane located in?
The 119 Sapphire Lane is a located in the neighborhood of Somerset in Franklin Park, Franklin Park.
What is the average sales price for listings in 119 Sapphire Lane?
The average sales price for units in 119 Sapphire Lane is $0 currently.

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