Sold Mar 31, 1998
$232,000
Buyer
Seller
Sold Nov 08, 1993
$176,000
Buyer
Seller
$141,000
by Phh Us Mtg
Mortgage
16 Lexington Court in Chatham, NJ was first built in 1984 and is 40 years old.
This has been categorized as a residential property type.
16 Lexington Court has 1,505 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.
In total, the area measurement of the land is 38,681 square feet.
Learn more about the property and building on this page. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 16 Lexington Court was last sold in Mar 23, 1998 for $232,000. According to our calculations, that's $154.15 per sqft. Prior to that sales transaction, the property was sold for $176,000 in Oct 10, 1993. Current property owners are expected to pay $7,724 in taxes per year. The property on 16 Lexington Court was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $394,900. To break that down further, the land itself was valued at $150,000. While improvements to the property were assessed at a total of $244,900. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. 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.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.
Learn more about the property and building on this page. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 16 Lexington Court was last sold in Mar 23, 1998 for $232,000. According to our calculations, that's $154.15 per sqft. Prior to that sales transaction, the property was sold for $176,000 in Oct 10, 1993. Current property owners are expected to pay $7,724 in taxes per year. The property on 16 Lexington Court was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $394,900. To break that down further, the land itself was valued at $150,000. While improvements to the property were assessed at a total of $244,900. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. 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.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.
This property description is generated based on publicly available data.
16 Lexington Court, Chatham, NJ 07928
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