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2 Swing Bridge Lane

2 Swing Bridge Lane, South Bound Brook, NJ 08880
Property in Somerset
Sold Sep 27, 2012
$292,500
$287,202 by Wells Fargo Bank Na
Mortgage Due Oct 01, 2042
Sold Jan 16, 2007
$427,470
$341,400 by K Hovnanian American Mtg Llc
Mortgage
2 Swing Bridge Lane in South Bound Brook, NJ was first built in 2006 and is 18 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a condo style. 2 Swing Bridge Lane has 2,096 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 899 square feet.

Learn more about the property and building on this page. 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, 2 Swing Bridge Lane sold most recently in Sep 24, 2012 for a total of $292,500. If you work out the math, that's approximately a cost of $139.55 per sqft. Before that, the property was also sold for $427,470 in Jan 12, 2007. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $0 in taxes each year. 2 Swing Bridge Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $320,000. If we break it down further, the land itself was valued at $60,000. Improvements to the property, however, were assessed at a total of $260,000. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 2006
  • Effective Year Built: 2006
  • Bedroom Count: 0
  • Building Style: Condo
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 899
  • Total Building Area: 2,096
  • Building Area: 2,096
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,096
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.02
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: FACILITY NAME: URBAN RENEWAL

Ownership

  • Current Owner : PATEL NILAY
  • Current Owner 2: PATEL SEEMA
  • Previous Owner : FUTTER MARCIA A
  • Owner Before Previous Owner: MATZEL & MUMFORD AT SOUTH BOUN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: South Bound Brook Borough School District
  • Census Tract: 053000

Geography

  • District: 19
  • Parcel: 19 00057- 03-00009- 01-CONDO
  • Block: 57.03
  • Lot: 9.01
  • Municipality: SO BOUND BROOK BORO
  • Latitude: 40.5575
  • Longitude: -74.5266

    Address

  • Full Address: 2 Swing Bridge Ln
  • Address - House Number: 2
  • Address - Street Name: Swing Bridge
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: South Bound Brook
  • Carrier Code: C003
  • 4-Digit Zip Code: 1499
  • Zip Code: 08880

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $0

    Appraisal Valuation

  • Standard Deviation: 0.1464
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 492,643
  • High Value: 564,769
  • Low Value: 420,516

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $287,202
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Sep 27, 2012
  • First Open Lien Mortgage Loan Amount: $287,202
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2042

    Market Valuation

  • Market Total Value: $418,300
  • Market Land Value: $78,431
  • Market Improvement Value: $339,869

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $320,000
  • Assessed Land Value: $60,000
  • Assessed Improvements Value: $260,000

    Sales

  • Current Sale Contract Date: Sep 24, 2012
  • Current Sale Recording Date: Sep 27, 2012
  • Current Sale Transaction ID: 11476011677
  • Current Sale Price: $292,500
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2012053506
  • Previous Sale Recording Date: Jan 16, 2007
  • Previous Sale Contract Date: Jan 12, 2007
  • Previous Sale Amount: $427,470
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Sep 27, 2012
  • First Mortgage Loan Amount: $287,202
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Oct 01, 2042

    Previous Mortgages

  • Previous Mortgage Lender: K HOVNANIAN AMERICAN MTG LLC
  • Previous Mortgage Transaction Date: Jan 16, 2007
  • Previous Mortgage Loan Amount: $341,400

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Frequently Asked Questions

What neighborhood is 2 Swing Bridge Lane located in?
The 2 Swing Bridge Lane is a located in the neighborhood of Somerset in South Bound Brook, South Bound Brook.
What is the average sales price for listings in 2 Swing Bridge Lane?
The average sales price for units in 2 Swing Bridge Lane is $0 currently.

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