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16 Madison Street

16 Madison Street, Glen Ridge, NJ 07028
Property in Essex
Sold Jul 26, 1995
$136,500
$60,000 by Mortgage Research Center Llc
Mortgage Due May 01, 2051
Local assessors in Glen Ridge, NJ have categorized 16 Madison Street as a residential type of property. The home was built in 1928 and is 96 years old. The property's lot size has been calculated to be 3,999 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 400 ft. If we look only at the heated or air conditioned part of the building, then 16 Madison Street has a total of 1,451 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. 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 Madison Street was last sold in Jul 14, 1995 for $136,500. According to our calculations, that's $94.07 per sqft. Current property owners are expected to pay $15,424 in taxes per year. The property on 16 Madison Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $468,400. To break that down further, the land itself was valued at $320,000. While improvements to the property were assessed at a total of $148,400. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,999
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,451
  • Building Area: 1,451
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,451
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.092
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : BARTH DAVID
  • Previous Owner : SCHWARTZ KATHERINE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Glen Ridge Borough School District
  • Census Tract: 016000

Zoning

  • Zoning: R3

Geography

  • Assessors Map Reference: TAX MAP 5
  • District: 08
  • Parcel: 08 00018-0000-00011
  • Block: 18
  • Lot: 11
  • Municipality: GLEN RIDGE TWP
  • Latitude: 40.7888
  • Longitude: -74.2105

    Address

  • Full Address: 16 Madison St
  • Address - House Number: 16
  • Address - Street Name: Madison
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Glen Ridge
  • Carrier Code: C002
  • 4-Digit Zip Code: 2030
  • Zip Code: 07028

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $15,424

    Appraisal Valuation

  • Standard Deviation: 0.2144
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 70
  • Final Value: 615,895
  • High Value: 747,987
  • Low Value: 483,804

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $210,000
  • First Open Lien Mortgage Lender: MORTGAGE RESEARCH CENTER LLC
  • First Open Lien Mortgage Recording Date: May 19, 2021
  • First Open Lien Mortgage Loan Amount: $60,000
  • 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, 2051
  • Second Open Lien Mortgage Lender: SANTANDER BANK NA
  • Second Open Lien Mortgage Recording Date: Aug 31, 2021
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $150,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Aug 23, 2051

    Market Valuation

  • Market Total Value: $468,400
  • Market Land Value: $320,000
  • Market Improvement Value: $148,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $468,400
  • Assessed Land Value: $320,000
  • Assessed Improvements Value: $148,400

    Sales

  • Current Sale Contract Date: Jul 14, 1995
  • Current Sale Recording Date: Jul 26, 1995
  • Current Sale Transaction ID: 1191849377
  • Current Sale Price: $136,500
  • Current Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: COLUMBIA NATIONAL
  • First Mortgage Transaction Date: Jul 26, 1995
  • First Mortgage Loan Amount: $120,000
  • First Mortgage Terms: 360

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Frequently Asked Questions

What neighborhood is 16 Madison Street located in?
The 16 Madison Street is a located in the neighborhood of Essex in Glen Ridge, Glen Ridge.
What is the average sales price for listings in 16 Madison Street?
The average sales price for units in 16 Madison Street is $0 currently.

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