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20 Gormley Lane

20 Gormley Lane, Butler, NJ 07405
Property in Morris
Sold Oct 02, 2021
$415,000
$407,483 by United Wholesale Mortgage
Mortgage Due Sep 01, 2051
Sold Jul 09, 2015
$340,000
$150,000 by Valley National Bank
Mortgage Due Jul 01, 2045
Local assessors in Butler, NJ have categorized 20 Gormley Lane as a residential type of property. The home was built in 1974 and is 50 years old. The property's lot size has been calculated to be 13,020 square feet. The linear feet between the front and back of the lot was measured at 1,400 ft and the front of the lot was measured at 930 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 20 Gormley Lane has a total of 1,233 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 attached garage for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 20 Gormley Lane was last sold in Jul 28, 2021 for $415,000. According to our calculations, that's $336.58 per sqft. Prior to that sales transaction, the property was sold for $340,000 in Jun 12, 2015. Current property owners are expected to pay $10,855 in taxes per year. The property on 20 Gormley Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $409,000. To break that down further, the land itself was valued at $229,200. While improvements to the property were assessed at a total of $179,800. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. 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. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 13,020
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 930
  • Total Building Area: 1,233
  • Building Area: 1,233
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,233
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.299
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : GONZALEZ LUZ
  • Current Owner 2: NESTOR SASHA
  • Previous Owner : STERN JEFFREY
  • Previous Owner 2: STERN PAULA
  • Owner Before Previous Owner: LOMBARDI THERESA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint tenants with right of survivorship

Neighborhood

  • School District Name: Butler Borough School District
  • Census Tract: 040600

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: TAX MAP 18
  • District: 03
  • Parcel: 03 00074-0000-00008
  • Block: 74
  • Lot: 8
  • Municipality: BUTLER BORO
  • Latitude: 40.9865
  • Longitude: -74.3523

    Address

  • Full Address: 20 Gormley Ln
  • Address - House Number: 20
  • Address - Street Name: Gormley
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Butler
  • Carrier Code: C010
  • 4-Digit Zip Code: 2010
  • Zip Code: 07405

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,855

    Appraisal Valuation

  • Standard Deviation: 0.1773
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 77
  • Final Value: 499,969
  • High Value: 588,653
  • Low Value: 411,286

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $407,483
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Open Lien Mortgage Recording Date: Oct 02, 2021
  • First Open Lien Mortgage Loan Amount: $407,483
  • 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: Sep 01, 2051

    Market Valuation

  • Market Total Value: $419,359
  • Market Land Value: $235,005
  • Market Improvement Value: $184,354

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $409,000
  • Assessed Land Value: $229,200
  • Assessed Improvements Value: $179,800

    Sales

  • Current Sale Contract Date: Jul 28, 2021
  • Current Sale Recording Date: Oct 02, 2021
  • Current Sale Transaction ID: 11859670058
  • Current Sale Price: $415,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021080400
  • Previous Sale Recording Date: Jul 09, 2015
  • Previous Sale Contract Date: Jun 12, 2015
  • Previous Sale Amount: $340,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Mortgage Transaction Date: Oct 02, 2021
  • First Mortgage Loan Amount: $407,483
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Sep 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: VALLEY NATIONAL BANK
  • Previous Mortgage Transaction Date: Jul 09, 2015
  • Previous Mortgage Loan Amount: $150,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2045

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Frequently Asked Questions

What neighborhood is 20 Gormley Lane located in?
The 20 Gormley Lane is a located in the neighborhood of Morris in Butler, Butler.
What is the average sales price for listings in 20 Gormley Lane?
The average sales price for units in 20 Gormley Lane is $0 currently.

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