187 College Drive

187 College Drive has been categorized by the local assessors in Edison, NJ as a residential type of property. The building on the property was first built in 1977 and is 47 years old. In addition, 187 College Drive has 884 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 96 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. 187 College Drive was last assessed in 2023. The total value of the property was assessed at $62,400. Specifically, the land the property is located on was valued at $40,000. While improvements on the property were assessed at a total of $22,400. 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 $3,708. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.