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140 Parlin Lane

140 Parlin Lane, Watchung, NJ 07069
Property in Somerset
Sold Apr 30, 2002
$650,000
Sold Jan 30, 1996
$190,000
140 Parlin Lane has been categorized by the local assessors in Watchung, NJ as a residential type of property. The building on the property was first built in 2002 and is 22 years old. The building has a total of 2 stories. In addition, 140 Parlin Lane has 3,859 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 65,340 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note 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, 140 Parlin Lane sold most recently in Apr 25, 2002 for a total of $650,000. If you work out the math, that's approximately a cost of $168.44 per sqft. Before that, the property was also sold for $190,000 in Jan 4, 1996. 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 $17,385 in taxes each year. 140 Parlin Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $851,800. If we break it down further, the land itself was valued at $277,200. Improvements to the property, however, were assessed at a total of $574,600. The property's total assessed value has been marked as more than the total market value which is pretty atypical. 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!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: 2002
  • Effective Year Built: 2002
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 65,340
  • Total Building Area: 3,859
  • Building Area: 3,859
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,859
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 1.5
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : CHAN TUNG
  • Current Owner 2: CHAN SHARON
  • Previous Owner : GURWITZ BETH
  • Owner Before Previous Owner: JURIST DAVE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Watchung Borough School District
  • Census Tract: 052300

Zoning

  • Zoning: R-R

Geography

  • Assessors Map Reference: TAX MAP 13
  • Account Number: S001
  • District: 21
  • Parcel: 21 04312-0000-00016
  • Block: 4312
  • Lot: 16
  • Municipality: WATCHUNG BORO
  • Latitude: 40.6544
  • Longitude: -74.4424

    Address

  • Full Address: 140 Parlin Ln
  • Address - House Number: 140
  • Address - Street Name: Parlin
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Watchung
  • Carrier Code: C071
  • 4-Digit Zip Code: 5400
  • Zip Code: 07069

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $17,385

    Appraisal Valuation

  • Standard Deviation: 0.1373
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 84
  • Final Value: 1,140,271
  • High Value: 1,296,885
  • Low Value: 983,657

    Market Valuation

  • Market Total Value: $850,864
  • Market Land Value: $276,895
  • Market Improvement Value: $573,969

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $851,800
  • Assessed Land Value: $277,200
  • Assessed Improvements Value: $574,600

    Sales

  • Current Sale Contract Date: Apr 25, 2002
  • Current Sale Recording Date: Apr 30, 2002
  • Current Sale Transaction ID: 1192751343
  • Current Sale Price: $650,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Jan 30, 1996
  • Previous Sale Contract Date: Jan 04, 1996
  • Previous Sale Amount: $190,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: NATIONAL CITY MTG
  • First Mortgage Transaction Date: Apr 30, 2002
  • First Mortgage Loan Amount: $520,000
  • First Mortgage Terms: 360

About Watchung



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Frequently Asked Questions

What neighborhood is 140 Parlin Lane located in?
The 140 Parlin Lane is a located in the neighborhood of Somerset in Watchung, Watchung.
What is the average sales price for listings in 140 Parlin Lane?
The average sales price for units in 140 Parlin Lane is $0 currently.

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