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16 Reid Avenue

16 Reid Avenue, Belle Mead, NJ 08502
Property in Somerset
Sold Sep 22, 2021
$710,000
$497,000 by Home Point Financial Corporati
Mortgage Due Sep 01, 2051
Sold Dec 04, 2001
$354,900
$266,150 by Murray Financial
Mortgage
Local assessors in Belle Mead, NJ have categorized 16 Reid Avenue as a residential type of property. The home was built in 2001 and is 23 years old. The property's lot size has been calculated to be 5,445 square feet. If we look only at the heated or air conditioned part of the building, then 16 Reid Avenue has a total of 2,409 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 Reid Avenue was last sold in Aug 30, 2021 for $710,000. According to our calculations, that's $294.73 per sqft. Prior to that sales transaction, the property was sold for $354,900 in Oct 11, 2001. Current property owners are expected to pay $14,192 in taxes per year. The property on 16 Reid Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $414,600. To break that down further, the land itself was valued at $157,500. While improvements to the property were assessed at a total of $257,100. 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. 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.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.

Building Features

Building Style

Colonial
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Bedroom Count: 0
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,445
  • Total Building Area: 2,409
  • Building Area: 2,409
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,409
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.125
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : SARKAR RAJIB
  • Current Owner 2: MUKHERJEE ANTARA
  • Previous Owner : LAI CHIEN SHAN R
  • Previous Owner 2: FU WENDY J
  • Owner Before Previous Owner: PIKE RUN LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Montgomery Township School District
  • Census Tract: 053905

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: TAX MAP 15
  • District: 13
  • Parcel: 13 05011-0000-00005
  • Block: 5011
  • Lot: 5
  • Municipality: MONTGOMERY TWP
  • Latitude: 40.4608
  • Longitude: -74.6527

    Address

  • Full Address: 16 Reid Ave
  • Address - House Number: 16
  • Address - Street Name: Reid
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Belle Mead
  • Carrier Code: R016
  • 4-Digit Zip Code: 4332
  • Zip Code: 08502

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $14,192

    Appraisal Valuation

  • Standard Deviation: 0.1504
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 81
  • Final Value: 806,837
  • High Value: 928,221
  • Low Value: 685,453

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $497,000
  • First Open Lien Mortgage Lender: HOME POINT FINANCIAL CORPORATI
  • First Open Lien Mortgage Recording Date: Sep 22, 2021
  • First Open Lien Mortgage Loan Amount: $497,000
  • 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: Sep 01, 2051

    Market Valuation

  • Market Total Value: $572,811
  • Market Land Value: $217,602
  • Market Improvement Value: $355,209

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $414,600
  • Assessed Land Value: $157,500
  • Assessed Improvements Value: $257,100

    Sales

  • Current Sale Contract Date: Aug 30, 2021
  • Current Sale Recording Date: Sep 22, 2021
  • Current Sale Transaction ID: 11857237825
  • Current Sale Price: $710,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2021056865
  • Previous Sale Recording Date: Dec 04, 2001
  • Previous Sale Contract Date: Oct 11, 2001
  • Previous Sale Amount: $354,900
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOME POINT FINANCIAL CORPORATI
  • First Mortgage Transaction Date: Sep 22, 2021
  • First Mortgage Loan Amount: $497,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: MURRAY FINANCIAL
  • Previous Mortgage Transaction Date: Dec 04, 2001
  • Previous Mortgage Loan Amount: $266,150
  • Previous Mortgage Term: 360

About Somerset



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Frequently Asked Questions

What neighborhood is 16 Reid Avenue located in?
The 16 Reid Avenue is a located in the neighborhood of Somerset in Somerset, Belle Mead.
What is the average sales price for listings in 16 Reid Avenue?
The average sales price for units in 16 Reid Avenue is $0 currently.

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