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16 Cayuga Way

16 Cayuga Way, Short Hills, NJ 07078
Property in Essex
Sold Apr 18, 2022
$2,150,000
$1,290,000 by Wells Fargo Bank Na
Mortgage Due May 01, 2052
Sold May 27, 1999
$815,000
$600,000 by Standard Federal Bank
Mortgage
Local assessors in Short Hills, NJ have categorized 16 Cayuga Way as a residential type of property. The home was built in 1966 and is 58 years old. The property's lot size has been calculated to be 20,299 square feet. The linear feet between the front and back of the lot was measured at 2,030 ft and the front of the lot was measured at 1,000 ft. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 16 Cayuga Way has a total of 4,962 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with brick control joints. Lots of brick were used in the construction of the exterior walls of the home. 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, 16 Cayuga Way sold most recently in Apr 6, 2022 for a total of $2,150,000. If you work out the math, that's approximately a cost of $433.29 per sqft. Before that, the property was also sold for $815,000 in May 7, 1999. 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 $32,685 in taxes each year. 16 Cayuga Way was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $1,682,200. If we break it down further, the land itself was valued at $744,000. Improvements to the property, however, were assessed at a total of $938,200. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1966
  • Effective Year Built: 1966
  • Bedroom Count: 0
  • Construction Type: Brick
  • Exterior Walls Type: Brick
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 20,299
  • Lot Size Depth Feet: 2,030
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 4,962
  • Building Area: 4,962
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,962
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.466
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : CHUN EUNSANG
  • Current Owner 2: LEE EUNJUNG
  • Previous Owner : ROTH ALAN D
  • Previous Owner 2: ROTH JUDITH S
  • Owner Before Previous Owner: PERKOFF MARTON
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Millburn Township School District
  • Census Tract: 020100

Geography

  • Assessors Map Reference: TAX MAP 39
  • District: 12
  • Parcel: 12 03901-0000-00009
  • Block: 3901
  • Lot: 9
  • Municipality: MILLBURN TWP
  • Latitude: 40.7446
  • Longitude: -74.3279

    Address

  • Full Address: 16 Cayuga Way
  • Address - House Number: 16
  • Address - Street Name: Cayuga
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Short Hills
  • Carrier Code: C002
  • 4-Digit Zip Code: 1203
  • Zip Code: 07078

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $32,685

    Appraisal Valuation

  • Standard Deviation: 0.2021
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 72
  • Final Value: 2,090,210
  • High Value: 2,512,660
  • Low Value: 1,667,761

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,290,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Apr 18, 2022
  • First Open Lien Mortgage Loan Amount: $1,290,000
  • 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: May 01, 2052

    Market Valuation

  • Market Total Value: $1,682,200
  • Market Land Value: $744,000
  • Market Improvement Value: $938,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,682,200
  • Assessed Land Value: $744,000
  • Assessed Improvements Value: $938,200

    Sales

  • Current Sale Contract Date: Apr 06, 2022
  • Current Sale Recording Date: Apr 18, 2022
  • Current Sale Transaction ID: 11886562391
  • Current Sale Price: $2,150,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 38759
  • Previous Sale Recording Date: May 27, 1999
  • Previous Sale Contract Date: May 07, 1999
  • Previous Sale Amount: $815,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Apr 18, 2022
  • First Mortgage Loan Amount: $1,290,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: STANDARD FEDERAL BANK
  • Previous Mortgage Transaction Date: May 27, 1999
  • Previous Mortgage Loan Amount: $600,000
  • Previous Mortgage Term: 360

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Frequently Asked Questions

What neighborhood is 16 Cayuga Way located in?
The 16 Cayuga Way is a located in the neighborhood of Essex in Short Hills, Short Hills.
What is the average sales price for listings in 16 Cayuga Way?
The average sales price for units in 16 Cayuga Way is $0 currently.

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