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222 Rip Van Dam Court

222 Rip Van Dam Court, Belle Mead, NJ 08502
Property in Somerset
Sold Sep 01, 2020
$350,100
$280,080 by First Guaranty Mortgage Corp
Mortgage Due Aug 01, 2050
Sold May 27, 2008
$325,000
$260,000 by Provident Funding Associates L
Mortgage Due Jun 01, 2038
222 Rip Van Dam Court has been categorized by the local assessors in Belle Mead, NJ as a residential type of property. The building on the property was first built in 2003 and is 21 years old. In addition, 222 Rip Van Dam Court has 2,214 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 777 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, 222 Rip Van Dam Court sold most recently in Jul 24, 2020 for a total of $350,100. If you work out the math, that's approximately a cost of $158.13 per sqft. Before that, the property was also sold for $325,000 in May 22, 2008. 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 $10,755 in taxes each year. 222 Rip Van Dam Court was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $314,200. If we break it down further, the land itself was valued at $79,000. Improvements to the property, however, were assessed at a total of $235,200. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Bedroom Count: 0
  • Building Style: Condo
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 777
  • Total Building Area: 2,214
  • Building Area: 2,214
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,214
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PIKE RUN WOODS
  • Land Acres: 0.017
  • Standard Land Use Code: Condominium unit (residential)

Ownership

  • Current Owner : MORE VIJAY R
  • Current Owner 2: SHIMPI PRAJAKTA C
  • Previous Owner : SUNDAR SWAMINATHAN
  • Previous Owner 2: SUNDAR MEENAKSHI
  • Owner Before Previous Owner: DELAURO LOUIS
  • Owner Before Previous Owner 2: DELAURO KRISTA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Montgomery Township School District
  • Census Tract: 053905

Geography

  • Assessors Map Reference: TAX MAP 8
  • Account Number: 00008194
  • District: 13
  • Parcel: 13 05018-0000-00222- 1-CONDO
  • Block: 5018
  • Lot: 222.1
  • Municipality: MONTGOMERY TWP
  • Latitude: 40.4666
  • Longitude: -74.6594

    Address

  • Full Address: 222 Rip Van Dam Ct
  • Address - House Number: 222
  • Address - Street Name: Rip Van Dam
  • Address - Suffix Type: Ct
  • State: NJ
  • City Name: Belle Mead
  • Carrier Code: R011
  • 4-Digit Zip Code: 4103
  • Zip Code: 08502

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,755

    Appraisal Valuation

  • Standard Deviation: 0.1335
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 84
  • Final Value: 536,327
  • High Value: 607,979
  • Low Value: 464,674

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $280,080
  • First Open Lien Mortgage Lender: FIRST GUARANTY MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Sep 01, 2020
  • First Open Lien Mortgage Loan Amount: $280,080
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2050

    Market Valuation

  • Market Total Value: $434,098
  • Market Land Value: $109,146
  • Market Improvement Value: $324,952

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $314,200
  • Assessed Land Value: $79,000
  • Assessed Improvements Value: $235,200

    Sales

  • Current Sale Contract Date: Jul 24, 2020
  • Current Sale Recording Date: Sep 01, 2020
  • Current Sale Transaction ID: 11788191118
  • Current Sale Price: $350,100
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2020039912
  • Previous Sale Recording Date: May 27, 2008
  • Previous Sale Contract Date: May 22, 2008
  • Previous Sale Amount: $325,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST GUARANTY MORTGAGE CORP
  • First Mortgage Transaction Date: Sep 01, 2020
  • First Mortgage Loan Amount: $280,080
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: PROVIDENT FUNDING ASSOCIATES L
  • Previous Mortgage Transaction Date: May 27, 2008
  • Previous Mortgage Loan Amount: $260,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jun 01, 2038

About Somerset



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 226 Rhoads Dr, Montgomery Twp., NJ, 08502-4112

$3,500 /mo

  • 2 Beds
  • 2.5 Baths
  • 2,214 ft²
226 Rhoads Dr, Montgomery Twp., NJ, 08502-4112 Listing by NEENA SAMPAT

Frequently Asked Questions

What neighborhood is 222 Rip Van Dam Court located in?
The 222 Rip Van Dam Court is a located in the neighborhood of Somerset in Somerset, Belle Mead.
What is the average sales price for listings in 222 Rip Van Dam Court?
The average sales price for units in 222 Rip Van Dam Court is $0 currently.

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