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180 Preston Drive

180 Preston Drive, Gillette, NJ 07933
Property in Morris
Sold Oct 04, 2006
$900,000
$700,000 by Astoria Federal Mortgage Corp
Mortgage Due Oct 01, 2036
Sold Oct 27, 1997
$472,000
$377,600 by Provident Savings Bk
Mortgage Due Nov 01, 2027
180 Preston Drive has been categorized by the local assessors in Gillette, NJ as a residential type of property. The building on the property was first built in 1982 and is 42 years old. In addition, 180 Preston Drive has 3,575 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 45,738 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 180 Preston Drive sold most recently in Sep 28, 2006 for a total of $900,000. If you work out the math, that's approximately a cost of $251.75 per sqft. Before that, the property was also sold for $472,000 in Oct 1, 1997. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $19,767 in taxes each year. 180 Preston Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $880,500. If we break it down further, the land itself was valued at $302,500. Improvements to the property, however, were assessed at a total of $578,000. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1982
  • Bedroom Count: 0
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 45,738
  • Total Building Area: 3,575
  • Building Area: 3,575
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,575
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 1.05
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : SHAH MAHIR
  • Current Owner 2: SHAH PRAGATI
  • Previous Owner : FENG PING
  • Owner Before Previous Owner: REEVE JOHN L
  • Owner Before Previous Owner 2: REEVE LENORE W
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Long Hill Township School District
  • Census Tract: 044102

Zoning

  • Zoning: R2

Geography

  • Account Number: 57901850
  • District: 30
  • Parcel: 30 13803-0000-00009
  • Block: 13803
  • Lot: 9
  • Municipality: LONG HILL TWP
  • Latitude: 40.6888
  • Longitude: -74.4586

    Address

  • Full Address: 180 Preston Dr
  • Address - House Number: 180
  • Address - Street Name: Preston
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Gillette
  • Carrier Code: C002
  • 4-Digit Zip Code: 1438
  • Zip Code: 07933

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $19,767

    Appraisal Valuation

  • Standard Deviation: 0.1682
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 78
  • Final Value: 1,064,921
  • High Value: 1,244,080
  • Low Value: 885,761

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $700,000
  • First Open Lien Mortgage Lender: ASTORIA FEDERAL MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Oct 04, 2006
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $700,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2036

    Market Valuation

  • Market Total Value: $898,745
  • Market Land Value: $308,768
  • Market Improvement Value: $589,977

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $880,500
  • Assessed Land Value: $302,500
  • Assessed Improvements Value: $578,000

    Sales

  • Current Sale Contract Date: Sep 28, 2006
  • Current Sale Recording Date: Oct 04, 2006
  • Current Sale Transaction ID: 1121157923
  • Current Sale Price: $900,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Oct 27, 1997
  • Previous Sale Contract Date: Oct 01, 1997
  • Previous Sale Amount: $472,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: ASTORIA FEDERAL MORTGAGE CORP
  • First Mortgage Transaction Date: Oct 04, 2006
  • First Mortgage Loan Amount: $700,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Oct 01, 2036

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: PROVIDENT SAVINGS BK
  • Previous Mortgage Transaction Date: Oct 27, 1997
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $377,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Nov 01, 2027

About Morris



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Frequently Asked Questions

What neighborhood is 180 Preston Drive located in?
The 180 Preston Drive is a located in the neighborhood of Morris in Morris, Gillette.
What is the average sales price for listings in 180 Preston Drive?
The average sales price for units in 180 Preston Drive is $0 currently.

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