123 Cambridge Drive

Local assessors in Nutley, NJ have categorized 123 Cambridge Drive as a residential type of property. The home was built in 2000 and is 24 years old. The property's lot size has been calculated to be 908 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. If we look only at the heated or air conditioned part of the building, then 123 Cambridge Drive has a total of 1,473 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. 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, 123 Cambridge Drive sold most recently in Feb 3, 2023 for a total of $508,000. If you work out the math, that's approximately a cost of $344.87 per sqft. Before that, the property was also sold for $360,000 in Jul 29, 2019. 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 $11,430 in taxes each year. 123 Cambridge Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $295,800. If we break it down further, the land itself was valued at $98,500. Improvements to the property, however, were assessed at a total of $197,300. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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!