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15 Orchard Street

15 Orchard Street, Madison, NJ 07940
Property in Morris
Sold Sep 29, 2020
$415,000
$394,250 by Quicken Loans Llc
Mortgage Due Jul 01, 2050
Sold Jul 29, 2011
$387,500
$377,676 by Wells Fargo Bank Na
Mortgage Due Aug 01, 2041
15 Orchard Street in Madison, NJ was first built in 1993 and is 31 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a prefab, modular style. 15 Orchard Street has 1,208 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. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 500. In total, the area measurement of the land is 2,500 square feet.

Learn more about the property and building on this page. 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, 15 Orchard Street sold most recently in Jun 18, 2020 for a total of $415,000. If you work out the math, that's approximately a cost of $343.54 per sqft. Before that, the property was also sold for $387,500 in Jul 26, 2011. 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 $7,791 in taxes each year. 15 Orchard Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $378,400. If we break it down further, the land itself was valued at $255,200. Improvements to the property, however, were assessed at a total of $123,200. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1993
  • Effective Year Built: 1993
  • Bedroom Count: 0
  • Building Style: Prefab, Modular
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,500
  • Lot Size Depth Feet: 500
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,208
  • Building Area: 1,208
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,208
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 10 ORCHARD STREET CONDOMINIUMS
  • Land Acres: 0.057
  • Standard Land Use Code: Modular/pre-fabricated homes

Ownership

  • Current Owner : BAILEY RYAN
  • Previous Owner : KLEIN DANIEL G
  • Previous Owner 2: KLEIN KRISTA M
  • Owner Before Previous Owner: KOLOSSVARY ISTVAN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: R-3

Geography

  • District: 17
  • Parcel: 17 04309-0000-00009- 05-COO-E
  • Block: 4309
  • Lot: 9.05
  • Municipality: MADISON BORO
  • Latitude: 40.7532
  • Longitude: -74.4316

    Address

  • Full Address: 15 Orchard St
  • Address - House Number: 15
  • Address - Street Name: Orchard
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Madison
  • Zip Code: 07940

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,791

    Appraisal Valuation

  • Standard Deviation: 0.1602
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 80
  • Final Value: 607,823
  • High Value: 705,227
  • Low Value: 510,418

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $394,250
  • First Open Lien Mortgage Lender: QUICKEN LOANS LLC
  • First Open Lien Mortgage Recording Date: Sep 29, 2020
  • First Open Lien Mortgage Loan Amount: $394,250
  • 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, 2050

    Market Valuation

  • Market Total Value: $464,124
  • Market Land Value: $313,014
  • Market Improvement Value: $151,110

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $378,400
  • Assessed Land Value: $255,200
  • Assessed Improvements Value: $123,200

    Sales

  • Current Sale Contract Date: Jun 18, 2020
  • Current Sale Recording Date: Sep 29, 2020
  • Current Sale Transaction ID: 11794895431
  • Current Sale Price: $415,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2020067137
  • Previous Sale Recording Date: Jul 29, 2011
  • Previous Sale Contract Date: Jul 26, 2011
  • Previous Sale Amount: $387,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS LLC
  • First Mortgage Transaction Date: Sep 29, 2020
  • First Mortgage Loan Amount: $394,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Jul 29, 2011
  • Previous Mortgage Loan Amount: $377,676
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Aug 01, 2041

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Frequently Asked Questions

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

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