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16 Valley Road

16 Valley Road, Madison, NJ 07940
Property in Morris
Sold Aug 10, 2006
$740,000
$525,905 by Jpmorgan Chase Bank Na
Mortgage Due Sep 01, 2044
Sold Aug 27, 1997
$319,000
$239,250 by Nj Lenders Corp
Mortgage Due Sep 01, 2027
16 Valley Road in Madison, NJ was first built in 1933 and is 91 years old. This has been categorized as a residential property type. There are a total of 2 floors. 16 Valley Road has 1,816 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 6,251 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. 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 Valley Road was last sold in Aug 2, 2006 for $740,000. According to our calculations, that's $407.49 per sqft. Prior to that sales transaction, the property was sold for $319,000 in Aug 21, 1997. Current property owners are expected to pay $11,574 in taxes per year. The property on 16 Valley Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $562,100. To break that down further, the land itself was valued at $321,600. While improvements to the property were assessed at a total of $240,500. 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. 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.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: 1933
  • Effective Year Built: 1933
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,251
  • Total Building Area: 1,816
  • Building Area: 1,816
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,816
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.144
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : LINDEMAN JENNIFER
  • Previous Owner : FERRANTI SCOTT
  • Owner Before Previous Owner: BUTEUX ANDREW FRANCIS
  • Owner Before Previous Owner 2: BUTEUX ANDREW F
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Madison Borough School District
  • Census Tract: 043000

Zoning

  • Zoning: R-3

Geography

  • District: 17
  • Parcel: 17 00907-0000-00012
  • Block: 907
  • Lot: 12
  • Municipality: MADISON BORO
  • Latitude: 40.7612
  • Longitude: -74.4056

    Address

  • Full Address: 16 Valley Rd
  • Address - House Number: 16
  • Address - Street Name: Valley
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Madison
  • Carrier Code: C001
  • 4-Digit Zip Code: 1720
  • Zip Code: 07940

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $11,574

    Appraisal Valuation

  • Standard Deviation: 0.1537
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 81
  • Final Value: 896,806
  • High Value: 1,034,685
  • Low Value: 758,928

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $525,905
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Oct 07, 2014
  • First Open Lien Mortgage Loan Amount: $525,905
  • 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, 2044

    Market Valuation

  • Market Total Value: $689,439
  • Market Land Value: $394,456
  • Market Improvement Value: $294,983

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $562,100
  • Assessed Land Value: $321,600
  • Assessed Improvements Value: $240,500

    Sales

  • Current Sale Contract Date: Aug 02, 2006
  • Current Sale Recording Date: Aug 10, 2006
  • Current Sale Transaction ID: 1192417409
  • Current Sale Price: $740,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Aug 27, 1997
  • Previous Sale Contract Date: Aug 21, 1997
  • Previous Sale Amount: $319,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Aug 10, 2006
  • First Mortgage Loan Amount: $560,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2036

    Previous Mortgages

  • Previous Mortgage Lender: NJ LENDERS CORP
  • Previous Mortgage Transaction Date: Aug 27, 1997
  • Previous Mortgage Loan Amount: $239,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Sep 01, 2027

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Frequently Asked Questions

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

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