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162 Colchester Road

162 Colchester Road, New Providence, NJ 07974
Property in Union
Sold Oct 17, 2018
$800,000
$600,000 by Somerset Savings Bank Sla
Mortgage Due Nov 01, 2048
Sold Apr 20, 1970
Transfer
Local assessors in New Providence, NJ have categorized 162 Colchester Road as a residential type of property. The home was built in 1969 and is 55 years old. The property's lot size has been calculated to be 34,500 square feet. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 162 Colchester Road has a total of 3,440 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. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The property was last sold in Oct 15, 2018 for $800,000. That's $232.56 per sqft. 162 Colchester Road was last assessed in 2023. The total value of the property was assessed at $554,800. Specifically, the land the property is located on was valued at $270,900. While improvements on the property were assessed at a total of $283,900. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $27,779. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • 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: 34,500
  • Total Building Area: 3,440
  • Building Area: 3,440
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,440
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.792
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : ELLISON PAUL MICHAEL
  • Current Owner 2: ELLISON KRISTEN KATHERINE
  • Previous Owner : DAVIS KITTY LOU
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: New Providence Borough School District
  • Census Tract: 038101

Zoning

  • Zoning: R1

Geography

  • Account Number: 00365900
  • District: 11
  • Parcel: 11 00356-0000-00032
  • Block: 356
  • Lot: 32
  • Municipality: NEW PROVIDENCE BORO
  • Latitude: 40.685
  • Longitude: -74.4104

    Address

  • Full Address: 162 Colchester Rd
  • Address - House Number: 162
  • Address - Street Name: Colchester
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: New Providence
  • Carrier Code: C014
  • 4-Digit Zip Code: 1620
  • Zip Code: 07974

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $27,779

    Appraisal Valuation

  • Standard Deviation: 0.2129
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 1,226,066
  • High Value: 1,487,176
  • Low Value: 964,957

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $600,000
  • First Open Lien Mortgage Lender: SOMERSET SAVINGS BANK SLA
  • First Open Lien Mortgage Recording Date: Oct 17, 2018
  • First Open Lien Mortgage Loan Amount: $600,000
  • 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: Nov 01, 2048

    Market Valuation

  • Market Total Value: $554,800
  • Market Land Value: $270,900
  • Market Improvement Value: $283,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $554,800
  • Assessed Land Value: $270,900
  • Assessed Improvements Value: $283,900

    Sales

  • Current Sale Contract Date: Oct 15, 2018
  • Current Sale Recording Date: Oct 17, 2018
  • Current Sale Transaction ID: 11522514564
  • Current Sale Price: $800,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 305901
  • Previous Sale Recording Date: Apr 20, 1970
  • Previous Sale Contract Date: Apr 20, 1970
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: SOMERSET SAVINGS BANK SLA
  • First Mortgage Transaction Date: Oct 17, 2018
  • First Mortgage Loan Amount: $600,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2048

About New Providence



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Frequently Asked Questions

What neighborhood is 162 Colchester Road located in?
The 162 Colchester Road is a located in the neighborhood of Union in New Providence, New Providence.
What is the average sales price for listings in 162 Colchester Road?
The average sales price for units in 162 Colchester Road is $0 currently.

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