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15 Knollwood Avenue

15 Knollwood Avenue, Madison, NJ 07940
Property in Morris
Sold Oct 27, 2021
$999,999
$770,000 by Investors Bank
Mortgage Due Jul 01, 2051
15 Knollwood Avenue in Madison, NJ was first built in 1939 and is 85 years old. This has been categorized as a residential property type. There are a total of 2 floors. 15 Knollwood Avenue has 2,764 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 9,374 square feet.

Learn more about the property and building on this page. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The property was last sold in Jun 1, 2021 for $999,999. That's $361.79 per sqft. 15 Knollwood Avenue was last assessed in 2023. The total value of the property was assessed at $788,300. Specifically, the land the property is located on was valued at $331,900. While improvements on the property were assessed at a total of $456,400. 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 $16,231. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1939
  • Effective Year Built: 1939
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,374
  • Total Building Area: 2,764
  • Building Area: 2,764
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,764
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.215
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : SALAMONE BRENT W
  • Current Owner 2: SALAMONE KIRSTEN
  • Previous Owner : BALASCIO ROBERT M
  • Previous Owner 2: BALASCIO KATHLEEN M
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Madison Borough School District
  • Census Tract: 043000

Zoning

  • Zoning: R-3

Geography

  • District: 17
  • Parcel: 17 00907-0000-00004
  • Block: 907
  • Lot: 4
  • Municipality: MADISON BORO
  • Latitude: 40.7615
  • Longitude: -74.4053

    Address

  • Full Address: 15 Knollwood Ave
  • Address - House Number: 15
  • Address - Street Name: Knollwood
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Madison
  • Carrier Code: C001
  • 4-Digit Zip Code: 1707
  • Zip Code: 07940

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $16,231

    Appraisal Valuation

  • Standard Deviation: 0.1682
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 78
  • Final Value: 1,200,333
  • High Value: 1,402,273
  • Low Value: 998,392

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $770,000
  • First Open Lien Mortgage Lender: INVESTORS BANK
  • First Open Lien Mortgage Recording Date: Oct 27, 2021
  • First Open Lien Mortgage Loan Amount: $770,000
  • 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: Jul 01, 2051

    Market Valuation

  • Market Total Value: $966,883
  • Market Land Value: $407,089
  • Market Improvement Value: $559,794

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $788,300
  • Assessed Land Value: $331,900
  • Assessed Improvements Value: $456,400

    Sales

  • Current Sale Contract Date: Jun 01, 2021
  • Current Sale Recording Date: Oct 27, 2021
  • Current Sale Transaction ID: 11863512765
  • Current Sale Price: $999,999
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021088646

    Last Sale Mortgage

  • First Mortgage Lender: INVESTORS BANK
  • First Mortgage Transaction Date: Oct 27, 2021
  • First Mortgage Loan Amount: $770,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

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Frequently Asked Questions

What neighborhood is 15 Knollwood Avenue located in?
The 15 Knollwood Avenue is a located in the neighborhood of Morris in Madison, Madison.
What is the average sales price for listings in 15 Knollwood Avenue?
The average sales price for units in 15 Knollwood Avenue is $0 currently.

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