205 Lake Street

205 Lake Street has been categorized by the local assessors in Newark, NJ as a residential type of property. The building on the property was first built in 1907 and is 117 years old. The building has a total of 2 stories. In addition, 205 Lake Street has 1,617 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,150 ft and across the front of the lot is 250 ft. The area measurement of the land has been determined as 2,875 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. For the features and amenities located on the property. There is a detached garage for those who require parking. According to our sources, there are a total of 3 available parking spaces. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The property was last sold in Nov 10, 2021 for $295,000. That's $182.44 per sqft. Prior to that sales transaction, the property was also sold in Nov 19, 2000 for $90,000. 205 Lake Street was last assessed in 2022. The total value of the property was assessed at $133,600. Specifically, the land the property is located on was valued at $22,300. While improvements on the property were assessed at a total of $111,300. 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 $4,991. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.