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121 Lawrence Drive

121 Lawrence Drive, Short Hills, NJ 07078
Property in Essex
Sold Feb 11, 2021
$1,960,000
$1,560,000 by Jpmorgan Chase Bank Na
Mortgage Due Feb 01, 2051
Sold Oct 06, 2015
$1,900,000
Local assessors in Short Hills, NJ have categorized 121 Lawrence Drive as a residential type of property. The home was built in 1969 and is 55 years old. The property's lot size has been calculated to be 20,099 square feet. The linear feet between the front and back of the lot was measured at 1,500 ft and the front of the lot was measured at 1,340 ft. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 121 Lawrence Drive has a total of 4,440 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. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. 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, 121 Lawrence Drive sold most recently in Jan 15, 2021 for a total of $1,960,000. If you work out the math, that's approximately a cost of $441.44 per sqft. Before that, the property was also sold for $1,900,000 in Aug 26, 2015. 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 $34,741 in taxes each year. 121 Lawrence Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $1,788,000. If we break it down further, the land itself was valued at $791,800. Improvements to the property, however, were assessed at a total of $996,200. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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: 1969
  • Effective Year Built: 1969
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 20,099
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,340
  • Total Building Area: 4,440
  • Building Area: 4,440
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,440
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.461
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : KAPADIA PRANAV
  • Current Owner 2: DEWANI PINKY M
  • Previous Owner : BHANDARI MANISH
  • Previous Owner 2: BHANDARI RADHIKA M
  • Owner Before Previous Owner: LAUTENBERG MELISSA
  • Owner Before Previous Owner 2: CIFU DOUGLAS
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Millburn Township School District
  • Census Tract: 020100

Geography

  • Assessors Map Reference: TAX MAP 45
  • District: 12
  • Parcel: 12 04502-0000-00031
  • Block: 4502
  • Lot: 31
  • Municipality: MILLBURN TWP
  • Latitude: 40.7571
  • Longitude: -74.3184

    Address

  • Full Address: 121 Lawrence Dr
  • Address - House Number: 121
  • Address - Street Name: Lawrence
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Short Hills
  • Carrier Code: C015
  • 4-Digit Zip Code: 3123
  • Zip Code: 07078

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $34,741

    Appraisal Valuation

  • Standard Deviation: 0.2144
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 70
  • Final Value: 2,128,056
  • High Value: 2,584,462
  • Low Value: 1,671,650

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,560,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Feb 11, 2021
  • First Open Lien Mortgage Loan Amount: $1,560,000
  • 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: Feb 01, 2051

    Market Valuation

  • Market Total Value: $1,788,000
  • Market Land Value: $791,800
  • Market Improvement Value: $996,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,788,000
  • Assessed Land Value: $791,800
  • Assessed Improvements Value: $996,200

    Sales

  • Current Sale Contract Date: Jan 15, 2021
  • Current Sale Recording Date: Feb 11, 2021
  • Current Sale Transaction ID: 11823567879
  • Current Sale Price: $1,960,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021016923
  • Previous Sale Recording Date: Oct 06, 2015
  • Previous Sale Contract Date: Aug 26, 2015
  • Previous Sale Amount: $1,900,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Feb 11, 2021
  • First Mortgage Loan Amount: $1,560,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2051

About Short Hills



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Frequently Asked Questions

What neighborhood is 121 Lawrence Drive located in?
The 121 Lawrence Drive is a located in the neighborhood of Essex in Short Hills, Short Hills.
What is the average sales price for listings in 121 Lawrence Drive?
The average sales price for units in 121 Lawrence Drive is $0 currently.

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