Sold Apr 30, 2020
$423,000
Buyer
Seller
$338,400
by Guaranteed Rate Inc
Mortgage Due May 01, 2050
Sold Jul 06, 2011
$341,500
Buyer
$161,500
by Wells Fargo Bank Na
Mortgage Due Jul 01, 2041
16 Jays Corner has been categorized by the local assessors in Somerset, NJ as a residential type of property.
The building on the property was first built in 2005 and is 19 years old.
In addition, 16 Jays Corner has 1,679 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 5,868 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. 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 Jays Corner sold most recently in Apr 30, 2020 for a total of $423,000. If you work out the math, that's approximately a cost of $251.94 per sqft. Before that, the property was also sold for $341,500 in Jun 24, 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 $10,012 in taxes each year. 16 Jays Corner was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $518,500. If we break it down further, the land itself was valued at $275,300. Improvements to the property, however, were assessed at a total of $243,200. The property's total assessed value has been marked as more than the total market value which is pretty atypical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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.
Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. 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 Jays Corner sold most recently in Apr 30, 2020 for a total of $423,000. If you work out the math, that's approximately a cost of $251.94 per sqft. Before that, the property was also sold for $341,500 in Jun 24, 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 $10,012 in taxes each year. 16 Jays Corner was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $518,500. If we break it down further, the land itself was valued at $275,300. Improvements to the property, however, were assessed at a total of $243,200. The property's total assessed value has been marked as more than the total market value which is pretty atypical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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
Stone Exterior
Vinyl Siding
Driveway
Driveway
Parking
Attached Garage
Open Parking
Garage Parking
Garage Door Opener
Swimming Pool
Indoor Pool
Outdoor Pool
Condition
Wooded Lot
This property description is generated based on publicly available data.