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1221 Commerce Avenue

1221 Commerce Avenue, Union, NJ 07083
Property in Union
Sold Jul 30, 2020
$549,900
$137,547 by United Mortgage Corp
Mortgage Due Aug 01, 2050
Sold Jan 17, 2017
$310,000
Local assessors in Union, NJ have categorized 1221 Commerce Avenue as a residential type of property. The home was built in 1958 and is 66 years old. The property's lot size has been calculated to be 5,998 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 600 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 1221 Commerce Avenue has a total of 2,620 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 underground or in the basement 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. 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 brick control joints. Lots of brick were used in the construction of the exterior walls of the home. 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, 1221 Commerce Avenue was last sold in Jul 28, 2020 for $549,900. According to our calculations, that's $209.89 per sqft. Prior to that sales transaction, the property was sold for $310,000 in Dec 2, 2016. Current property owners are expected to pay $14,952 in taxes per year. The property on 1221 Commerce Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $69,000. To break that down further, the land itself was valued at $20,700. While improvements to the property were assessed at a total of $48,300. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Bedroom Count: 0
  • Construction Type: Brick
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Underground/basement
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,998
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,620
  • Building Area: 2,620
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,620
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.138
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : ORTIZ STEPHANIE
  • Previous Owner : WOOD AVENUE ASSETS LLC
  • Owner Before Previous Owner: LITVINCHUK MILTON
  • Owner Before Previous Owner 2: LITVINCHUK MONICA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Union Township School District
  • Census Tract: 032701

Geography

  • District: 19
  • Parcel: 19 05011-0000-00006
  • Block: 5011
  • Lot: 6
  • Municipality: UNION TWP
  • Latitude: 40.7046
  • Longitude: -74.276

    Address

  • Full Address: 1221 Commerce Ave
  • Address - House Number: 1221
  • Address - Street Name: Commerce
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Union
  • Carrier Code: C019
  • 4-Digit Zip Code: 5039
  • Zip Code: 07083

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $14,952

    Appraisal Valuation

  • Standard Deviation: 0.2358
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 67
  • Final Value: 755,024
  • High Value: 933,128
  • Low Value: 576,921

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $137,547
  • First Open Lien Mortgage Lender: UNITED MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Jul 30, 2020
  • First Open Lien Mortgage Loan Amount: $137,547
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2050

    Market Valuation

  • Market Total Value: $69,000
  • Market Land Value: $20,700
  • Market Improvement Value: $48,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $69,000
  • Assessed Land Value: $20,700
  • Assessed Improvements Value: $48,300

    Sales

  • Current Sale Contract Date: Jul 28, 2020
  • Current Sale Recording Date: Jul 30, 2020
  • Current Sale Transaction ID: 11780523241
  • Current Sale Price: $549,900
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 326443
  • Previous Sale Recording Date: Jan 17, 2017
  • Previous Sale Contract Date: Dec 02, 2016
  • Previous Sale Amount: $310,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED MORTGAGE CORP
  • First Mortgage Transaction Date: Jul 30, 2020
  • First Mortgage Loan Amount: $137,547
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2050

About Union



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Frequently Asked Questions

What neighborhood is 1221 Commerce Avenue located in?
The 1221 Commerce Avenue is a located in the neighborhood of Union in Union, Union.
What is the average sales price for listings in 1221 Commerce Avenue?
The average sales price for units in 1221 Commerce Avenue is $0 currently.

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