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216 Learnington Way

216 Learnington Way, Somerset, NJ 08873
Property in Somerset
Sold May 02, 2022
$432,000
$345,600 by Amerisave Mortgage Corporation
Mortgage Due May 01, 2037
Sold May 19, 2016
$305,000
Local assessors in Somerset, NJ have categorized 216 Learnington Way as a residential type of property. The home was built in 1988 and is 36 years old. The property's lot size has been calculated to be 2,016 square feet. The linear feet between the front and back of the lot was measured at 720 ft and the front of the lot was measured at 280 ft. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 216 Learnington Way has a total of 1,664 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. 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. 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, 216 Learnington Way sold most recently in Apr 21, 2022 for a total of $432,000. If you work out the math, that's approximately a cost of $259.62 per sqft. Before that, the property was also sold for $305,000 in Apr 28, 2016. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $7,751 in taxes each year. 216 Learnington Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $401,400. If we break it down further, the land itself was valued at $190,000. Improvements to the property, however, were assessed at a total of $211,400. The property's total assessed value has been marked as more than the total market value which is pretty atypical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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.

Building Features

Exterior

Brick Exterior
Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,016
  • Lot Size Depth Feet: 720
  • Lot Size Frontage Feet: 280
  • Total Building Area: 1,664
  • Building Area: 1,664
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,664
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.046
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : PATEL DEEPAK
  • Current Owner 2: PATEL PREETI
  • Previous Owner : LING WANG
  • Owner Before Previous Owner: REGAN WILLIAM J O
  • Owner Before Previous Owner 2: REGAN CARLYN M O
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Franklin Township School District
  • Census Tract: 053105

Zoning

  • Zoning: CR

Geography

  • Assessors Map Reference: TAX MAP 7612
  • District: 08
  • Parcel: 08 00424- 08-00216
  • Block: 424.08
  • Lot: 216
  • Municipality: FRANKLIN TWP
  • Latitude: 40.5162
  • Longitude: -74.5102

    Address

  • Full Address: 216 Learnington Way
  • Address - House Number: 216
  • Address - Street Name: Learnington
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Somerset
  • Carrier Code: C037
  • 4-Digit Zip Code: 6448
  • Zip Code: 08873

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,751

    Appraisal Valuation

  • Standard Deviation: 0.1496
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 81
  • Final Value: 483,787
  • High Value: 556,178
  • Low Value: 411,397

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $345,600
  • First Open Lien Mortgage Lender: AMERISAVE MORTGAGE CORPORATION
  • First Open Lien Mortgage Recording Date: May 02, 2022
  • First Open Lien Mortgage Loan Amount: $345,600
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Balloon
  • First Open Lien Mortgage Loan Due Date: May 01, 2037

    Market Valuation

  • Market Total Value: $396,993
  • Market Land Value: $187,914
  • Market Improvement Value: $209,079

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $401,400
  • Assessed Land Value: $190,000
  • Assessed Improvements Value: $211,400

    Sales

  • Current Sale Contract Date: Apr 21, 2022
  • Current Sale Recording Date: May 02, 2022
  • Current Sale Transaction ID: 11887223981
  • Current Sale Price: $432,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 17458
  • Previous Sale Recording Date: May 19, 2016
  • Previous Sale Contract Date: Apr 28, 2016
  • Previous Sale Amount: $305,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERISAVE MORTGAGE CORPORATION
  • First Mortgage Transaction Date: May 02, 2022
  • First Mortgage Loan Amount: $345,600
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: Balloon
  • First Mortgage Loan Due Date: May 01, 2037

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Frequently Asked Questions

What neighborhood is 216 Learnington Way located in?
The 216 Learnington Way is a located in the neighborhood of Somerset in Somerset, Somerset.
What is the average sales price for listings in 216 Learnington Way?
The average sales price for units in 216 Learnington Way is $0 currently.

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