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1507 Riveredge Lane

1507 Riveredge Lane, Whippany, NJ 07981
Property in Morris
Sold Dec 03, 2021
$522,000
$417,600 by Mld Mortgage
Mortgage Due Oct 01, 2061
Sold Feb 08, 2010
$425,000
1507 Riveredge Lane has been categorized by the local assessors in Whippany, NJ as a residential type of property. The building on the property was first built in 1996 and is 28 years old. In addition, 1507 Riveredge Lane has 1,908 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 20,735 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. The property was last sold in Sep 28, 2021 for $522,000. That's $273.58 per sqft. Prior to that sales transaction, the property was also sold in Jan 14, 2010 for $425,000. 1507 Riveredge Lane was last assessed in 2023. The total value of the property was assessed at $353,700. Specifically, the land the property is located on was valued at $135,000. While improvements on the property were assessed at a total of $218,700. 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 $7,424. 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! 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.

Building Features

Exterior

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

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Bedroom Count: 0
  • Building Style: Condo
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 20,735
  • Total Building Area: 1,908
  • Building Area: 1,908
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,908
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OAKRIDGE AT HANOVER CONDOMINIUM
  • Land Acres: 0.476
  • Standard Land Use Code: Condominium unit (residential)

Ownership

  • Current Owner : PENG ALEX
  • Current Owner 2: WU MARY
  • Previous Owner : SAFAREVICH SERGEY
  • Previous Owner 2: KOLCHINA TATYANA
  • Owner Before Previous Owner: SWEENEY WILLIAM
  • Owner Before Previous Owner 2: SWEENEY BARBARA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Hanover Township School District
  • Census Tract: 042100

Zoning

  • Zoning: RM

Geography

  • District: 12
  • Parcel: 12 04301-0000-00002-0000-C1507
  • Block: 4301
  • Lot: 2
  • Municipality: HANOVER TWP
  • Latitude: 40.8207
  • Longitude: -74.4207

    Address

  • Full Address: 1507 Riveredge Ln
  • Address - House Number: 1507
  • Address - Street Name: Riveredge
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Whippany
  • Carrier Code: C010
  • 4-Digit Zip Code: 1426
  • Zip Code: 07981

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,424

    Appraisal Valuation

  • Standard Deviation: 0.1663
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 78
  • Final Value: 596,009
  • High Value: 695,144
  • Low Value: 496,873

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $417,600
  • First Open Lien Mortgage Lender: MLD MORTGAGE
  • First Open Lien Mortgage Recording Date: Dec 03, 2021
  • First Open Lien Mortgage Loan Amount: $417,600
  • First Open Lien Mortgage Term: 477
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2061

    Market Valuation

  • Market Total Value: $465,517
  • Market Land Value: $177,678
  • Market Improvement Value: $287,839

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $353,700
  • Assessed Land Value: $135,000
  • Assessed Improvements Value: $218,700

    Sales

  • Current Sale Contract Date: Sep 28, 2021
  • Current Sale Recording Date: Dec 03, 2021
  • Current Sale Transaction ID: 11873118807
  • Current Sale Price: $522,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2021096914
  • Previous Sale Recording Date: Feb 08, 2010
  • Previous Sale Contract Date: Jan 14, 2010
  • Previous Sale Amount: $425,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: MLD MORTGAGE
  • First Mortgage Transaction Date: Dec 03, 2021
  • First Mortgage Loan Amount: $417,600
  • First Mortgage Terms: 477
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2061

About Morris



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Frequently Asked Questions

What neighborhood is 1507 Riveredge Lane located in?
The 1507 Riveredge Lane is a located in the neighborhood of Morris in Morris, Whippany.
What is the average sales price for listings in 1507 Riveredge Lane?
The average sales price for units in 1507 Riveredge Lane is $0 currently.

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