22 Cabot Way

Local assessors in Franklin Park, NJ have categorized 22 Cabot Way as a residential type of property. The home was built in 1992 and is 32 years old. The property's lot size has been calculated to be 1,068 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. If we look only at the heated or air conditioned part of the building, then 22 Cabot Way has a total of 1,776 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. 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, 22 Cabot Way sold most recently in Jan 30, 2023 for a total of $395,000. If you work out the math, that's approximately a cost of $222.41 per sqft. Before that, the property was also sold for $155,000 in Jun 1, 2000. 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 $7,538 in taxes each year. 22 Cabot Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $392,200. If we break it down further, the land itself was valued at $185,000. Improvements to the property, however, were assessed at a total of $207,200. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.