220 College Drive

220 College Drive has been categorized by the local assessors in Edison, NJ as a residential type of property. The building on the property was first built in 1977 and is 47 years old. In addition, 220 College Drive has 884 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 96 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page 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, 220 College Drive sold most recently in Jan 31, 2019 for a total of $84,221. If you work out the math, that's approximately a cost of $95.27 per sqft. 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 $3,138 in taxes each year. 220 College Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $55,000. If we break it down further, the land itself was valued at $40,000. Improvements to the property, however, were assessed at a total of $15,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.