223 Merriewold Lane

223 Merriewold Lane has been categorized by the local assessors in Somerset, NJ as a residential type of property. The building on the property was first built in 2005 and is 19 years old. In addition, 223 Merriewold Lane has 1,690 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 6,490 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. The property was last sold in Apr 16, 2013 for $370,000. That's $218.93 per sqft. Prior to that sales transaction, the property was also sold in Sep 27, 2004 for $392,145. 223 Merriewold Lane was last assessed in 2023. The total value of the property was assessed at $545,900. Specifically, the land the property is located on was valued at $337,100. While improvements on the property were assessed at a total of $208,800. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $10,541. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. 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.