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1222 Rhoads Drive

1222 Rhoads Drive, Belle Mead, NJ 08502
Property in Somerset
Sold Sep 18, 2013
$320,000
$235,000 by Wells Fargo Bank Na
Mortgage Due Oct 01, 2043
Sold Jun 26, 2008
$334,000
$267,200 by Summit Mortgage Bankers Inc
Mortgage Due Jul 01, 2028
1222 Rhoads Drive has been categorized by the local assessors in Belle Mead, NJ as a residential type of property. The building on the property was first built in 1998 and is 26 years old. In addition, 1222 Rhoads Drive has 2,214 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 848 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. The property was last sold in Sep 16, 2013 for $320,000. That's $144.53 per sqft. Prior to that sales transaction, the property was also sold in Jun 20, 2008 for $334,000. 1222 Rhoads Drive was last assessed in 2023. The total value of the property was assessed at $293,300. Specifically, the land the property is located on was valued at $79,000. While improvements on the property were assessed at a total of $214,300. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $10,040. 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! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Bedroom Count: 0
  • Building Style: Condo
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 848
  • Total Building Area: 2,214
  • Building Area: 2,214
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,214
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.019
  • Standard Land Use Code: Condominium unit (residential)

Ownership

  • Current Owner : FUSCO CHRISTOPHER J
  • Current Owner 2: SCALESE PATRICIA E
  • Previous Owner : LAN TONY CHIA MING
  • Previous Owner 2: LAN JILL Z
  • Owner Before Previous Owner: CUTTER ROSELLEN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Montgomery Township School District
  • Census Tract: 053905

Geography

  • Assessors Map Reference: TAX MAP 8
  • Account Number: 00008218
  • District: 13
  • Parcel: 13 05019-0000-00012- 22-CONDO
  • Block: 5019
  • Lot: 12.22
  • Municipality: MONTGOMERY TWP
  • Latitude: 40.4661
  • Longitude: -74.6583

    Address

  • Full Address: 1222 Rhoads Dr
  • Address - House Number: 1222
  • Address - Street Name: Rhoads
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Belle Mead
  • Carrier Code: R016
  • 4-Digit Zip Code: 4115
  • Zip Code: 08502

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,040

    Appraisal Valuation

  • Standard Deviation: 0.1329
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 84
  • Final Value: 518,599
  • High Value: 587,554
  • Low Value: 449,645

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $235,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Sep 18, 2013
  • First Open Lien Mortgage Loan Amount: $235,000
  • 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: Oct 01, 2043

    Market Valuation

  • Market Total Value: $405,222
  • Market Land Value: $109,146
  • Market Improvement Value: $296,076

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $293,300
  • Assessed Land Value: $79,000
  • Assessed Improvements Value: $214,300

    Sales

  • Current Sale Contract Date: Sep 16, 2013
  • Current Sale Recording Date: Sep 18, 2013
  • Current Sale Transaction ID: 1120632510
  • Current Sale Price: $320,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2013052333
  • Previous Sale Recording Date: Jun 26, 2008
  • Previous Sale Contract Date: Jun 20, 2008
  • Previous Sale Amount: $334,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Sep 18, 2013
  • First Mortgage Loan Amount: $235,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2043

    Previous Mortgages

  • Previous Mortgage Lender: SUMMIT MORTGAGE BANKERS INC
  • Previous Mortgage Transaction Date: Jun 26, 2008
  • Previous Mortgage Loan Amount: $267,200
  • Previous Mortgage Term: 240
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jul 01, 2028

About Somerset



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 226 Rhoads Dr, Montgomery Twp., NJ, 08502-4112

$3,500 /mo

  • 2 Beds
  • 2.5 Baths
  • 2,214 ft²
226 Rhoads Dr, Montgomery Twp., NJ, 08502-4112 Listing by NEENA SAMPAT

Frequently Asked Questions

What neighborhood is 1222 Rhoads Drive located in?
The 1222 Rhoads Drive is a located in the neighborhood of Somerset in Somerset, Belle Mead.
What is the average sales price for listings in 1222 Rhoads Drive?
The average sales price for units in 1222 Rhoads Drive is $0 currently.

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