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15 Watchung Place

15 Watchung Place, Bloomfield, NJ 07003
Multifamily in Essex
Sold Dec 24, 2020
$530,000
$420,000 by Jpmorgan Chase Bank Na
Mortgage Due Jan 01, 2051
Sold Apr 06, 2015
$350,000
15 Watchung Place in Bloomfield, NJ was first built in 1926 and is 98 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 duplex style. There are a total of 2 floors. 15 Watchung Place has 2,238 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 400 ft and the linear feet between the front and back of the lot is 1,240. In total, the area measurement of the land is 4,961 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 Watchung Place sold most recently in Oct 26, 2020 for a total of $530,000. If you work out the math, that's approximately a cost of $236.82 per sqft. Before that, the property was also sold for $350,000 in Mar 25, 2015. 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 $15,754 in taxes each year. 15 Watchung Place was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $492,000. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

Building Features

Exterior

Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Bedroom Count: 0
  • Building Style: Duplex
  • Floor Count: 2
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,961
  • Lot Size Depth Feet: 1,240
  • Lot Size Frontage Feet: 400
  • Total Building Area: 2,238
  • Gross Building Area: 2,238
  • Building Area: 2,238
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,238
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.114
  • Standard Land Use Code: Duplex (2 units, any combination)

Ownership

  • Current Owner : MILLER EVELYN
  • Previous Owner : RIFKIN JOSHUA L
  • Previous Owner 2: RIFKIN LAURA M
  • Owner Before Previous Owner: SCHILLER FRANK
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Bloomfield Township School District
  • Census Tract: 014900

Zoning

  • Zoning: R-1A

Geography

  • Assessors Map Reference: TAX MAP 37
  • District: 02
  • Parcel: 02 01029-0000-00018
  • Block: 1029
  • Lot: 18
  • Municipality: BLOOMFIELD TWP
  • Latitude: 40.8255
  • Longitude: -74.1726

    Address

  • Full Address: 15 Watchung Pl
  • Address - House Number: 15
  • Address - Street Name: Watchung
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Bloomfield
  • Carrier Code: C044
  • 4-Digit Zip Code: 5323
  • Zip Code: 07003

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $15,754

    Appraisal Valuation

  • Standard Deviation: 0.2198
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 69
  • Final Value: 658,669
  • High Value: 803,448
  • Low Value: 513,889

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $420,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Dec 24, 2020
  • First Open Lien Mortgage Loan Amount: $420,000
  • 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: Jan 01, 2051

    Market Valuation

  • Market Total Value: $497,400
  • Market Land Value: $162,700
  • Market Improvement Value: $334,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $492,000

    Sales

  • Current Sale Contract Date: Oct 26, 2020
  • Current Sale Recording Date: Dec 24, 2020
  • Current Sale Transaction ID: 11828072390
  • Current Sale Price: $530,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2020129179
  • Previous Sale Recording Date: Apr 06, 2015
  • Previous Sale Contract Date: Mar 25, 2015
  • Previous Sale Amount: $350,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Dec 24, 2020
  • First Mortgage Loan Amount: $420,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2051

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Frequently Asked Questions

What neighborhood is 15 Watchung Place located in?
The 15 Watchung Place is a multifamily located in the neighborhood of Essex in Essex, Bloomfield.
What is the average sales price for listings in 15 Watchung Place?
The average sales price for units in 15 Watchung Place is $0 currently.

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