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16 Cook Avenue

16 Cook Avenue, Madison, NJ 07940
Property in Morris
Sold Feb 07, 2019
$1,350,000
$1,012,500 by Lakeland Bank
Mortgage Due Jan 09, 2044
16 Cook Avenue has been categorized by the local assessors in Madison, NJ as a residential type of property. The building on the property was first built in 1900 and is 124 years old. The building has a total of 2 stories. In addition, 16 Cook Avenue has 3,699 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,830 ft and across the front of the lot is 510 ft. The area measurement of the land has been determined as 9,335 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with brick control joints. The exterior walls of the building are made of brick. The property was last sold in Dec 19, 2018 for $1,350,000. That's $364.96 per sqft. 16 Cook Avenue was last assessed in 2023. The total value of the property was assessed at $858,800. Specifically, the land the property is located on was valued at $275,000. While improvements on the property were assessed at a total of $583,800. 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 $17,683. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. 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: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 0
  • Construction Type: Brick
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Living Units: 4
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,335
  • Lot Size Depth Feet: 1,830
  • Lot Size Frontage Feet: 510
  • Total Building Area: 3,699
  • Gross Building Area: 3,699
  • Building Area: 3,699
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,699
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.214
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: ADDITIONAL LOTS: 7 UNITS

Ownership

  • Current Owner : 16 COOK LLC
  • Previous Owner : F D R PROPERTIES INC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Madison Borough School District
  • Census Tract: 042900

Zoning

  • Zoning: CBD2

Geography

  • District: 17
  • Parcel: 17 01601-0000-00024
  • Block: 1601
  • Lot: 24
  • Municipality: MADISON BORO
  • Latitude: 40.7614
  • Longitude: -74.4158

    Address

  • Full Address: 16 Cook Ave
  • Address - House Number: 16
  • Address - Street Name: Cook
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Madison
  • Carrier Code: C017
  • 4-Digit Zip Code: 1839
  • Zip Code: 07940

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $17,683

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,012,500
  • First Open Lien Mortgage Lender: LAKELAND BANK
  • First Open Lien Mortgage Recording Date: Feb 07, 2019
  • First Open Lien Mortgage Loan Amount: $1,012,500
  • First Open Lien Mortgage Term: 298
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Jan 09, 2044

    Market Valuation

  • Market Total Value: $1,053,354
  • Market Land Value: $337,299
  • Market Improvement Value: $716,055

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $858,800
  • Assessed Land Value: $275,000
  • Assessed Improvements Value: $583,800

    Sales

  • Current Sale Contract Date: Dec 19, 2018
  • Current Sale Recording Date: Feb 07, 2019
  • Current Sale Transaction ID: 11575677111
  • Current Sale Price: $1,350,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2019006544

    Last Sale Mortgage

  • First Mortgage Lender: LAKELAND BANK
  • First Mortgage Transaction Date: Feb 07, 2019
  • First Mortgage Loan Amount: $1,012,500
  • First Mortgage Terms: 298
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Jan 09, 2044

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Frequently Asked Questions

What neighborhood is 16 Cook Avenue located in?
The 16 Cook Avenue is a located in the neighborhood of Morris in Madison, Madison.
What is the average sales price for listings in 16 Cook Avenue?
The average sales price for units in 16 Cook Avenue is $0 currently.

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