198 Buckingham Way

198 Buckingham Way in Somerset, NJ was first built in 1985 and is 39 years old. This has been categorized as a residential property type. There are a total of 2 floors. 198 Buckingham Way has 1,336 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. The linear feet across the front of the lot is 430 ft and the linear feet between the front and back of the lot is 720. In total, the area measurement of the land is 3,096 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. There is one available parking space. 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. The property was last sold in Jun 7, 2023 for $328,000. That's $245.51 per sqft. Prior to that sales transaction, the property was also sold in Oct 24, 1990 for $129,000. 198 Buckingham Way was last assessed in 2023. The total value of the property was assessed at $332,800. Specifically, the land the property is located on was valued at $160,000. While improvements on the property were assessed at a total of $172,800. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $6,426. 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.