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27 Lenape Trail

27 Lenape Trail, Chatham, NJ 07928
Property in Morris
Sold Feb 24, 2022
$2,699,000
$1,500,000 by Guaranteed Rate Affinity Llc
Mortgage Due Feb 01, 2037
Sold Sep 22, 2020
$950,000
$1,392,000 by Fulton Bank Na
Mortgage
27 Lenape Trail has been categorized by the local assessors in Chatham, NJ as a residential type of property. The building on the property was first built in 2021 and is 3 years old. The building has a total of 2 stories. In addition, 27 Lenape Trail has 4,116 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 19,994 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. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 27 Lenape Trail was last sold in Dec 13, 2021 for $2,699,000. According to our calculations, that's $655.73 per sqft. Prior to that sales transaction, the property was sold for $950,000 in Aug 26, 2020. Current property owners are expected to pay $41,324 in taxes per year. The property on 27 Lenape Trail was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $2,112,700. To break that down further, the land itself was valued at $570,900. While improvements to the property were assessed at a total of $1,541,800. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 19,994
  • Total Building Area: 4,116
  • Building Area: 4,116
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,116
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.459
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : SULKES JOEL M
  • Current Owner 2: SULKES JILL
  • Previous Owner : CALUSA PARTNERS III LLC
  • Owner Before Previous Owner: POLANIN JOHN
  • Owner Before Previous Owner 2: POLANIN BRIDGET N
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: The Chathams School District
  • Census Tract: 043900

Zoning

  • Zoning: R-3

Geography

  • Assessors Map Reference: TAX MAP 61
  • Account Number: 5186
  • District: 05
  • Parcel: 05 00085-0000-00015
  • Block: 85
  • Lot: 15
  • Municipality: CHATHAM TWP
  • Latitude: 40.7362
  • Longitude: -74.3995

    Address

  • Full Address: 27 Lenape Trl
  • Address - House Number: 27
  • Address - Street Name: Lenape
  • Address - Suffix Type: Trl
  • State: NJ
  • City Name: Chatham
  • Carrier Code: C024
  • 4-Digit Zip Code: 1812
  • Zip Code: 07928

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $41,324

    Appraisal Valuation

  • Standard Deviation: 0.1253
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 86
  • Final Value: 1,194,896
  • High Value: 1,344,631
  • Low Value: 1,045,161

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,500,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE AFFINITY LLC
  • First Open Lien Mortgage Recording Date: Feb 24, 2022
  • First Open Lien Mortgage Loan Amount: $1,500,000
  • 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: Feb 01, 2037

    Market Valuation

  • Market Total Value: $2,596,093
  • Market Land Value: $701,524
  • Market Improvement Value: $1,894,569

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,112,700
  • Assessed Land Value: $570,900
  • Assessed Improvements Value: $1,541,800

    Sales

  • Current Sale Contract Date: Dec 13, 2021
  • Current Sale Recording Date: Feb 24, 2022
  • Current Sale Transaction ID: 11881851964
  • Current Sale Price: $2,699,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 15668
  • Previous Sale Recording Date: Sep 22, 2020
  • Previous Sale Contract Date: Aug 26, 2020
  • Previous Sale Amount: $950,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE AFFINITY LLC
  • First Mortgage Transaction Date: Feb 24, 2022
  • First Mortgage Loan Amount: $1,500,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: Balloon
  • First Mortgage Loan Due Date: Feb 01, 2037

    Previous Mortgages

  • Previous Mortgage Lender: FULTON BANK NA
  • Previous Mortgage Transaction Date: Sep 22, 2020
  • Previous Mortgage Loan Amount: $1,392,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Building or Construction Loan

About Morris



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Frequently Asked Questions

What neighborhood is 27 Lenape Trail located in?
The 27 Lenape Trail is a located in the neighborhood of Morris in Morris, Chatham.
What is the average sales price for listings in 27 Lenape Trail?
The average sales price for units in 27 Lenape Trail is $0 currently.

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