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285 Elm Avenue

285 Elm Avenue, Rahway, NJ 07065
Property in Union
Sold Nov 14, 2013
$85,000
$160,000 by Bank Of America Na
Mortgage Due Nov 01, 2043
Sold May 15, 1995
$144,000
285 Elm Avenue has been categorized by the local assessors in Rahway, NJ as a residential type of property. The building on the property was first built in 1965 and is 59 years old. In addition, 285 Elm Avenue has 1,468 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,210 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 6,050 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. For the features and amenities located on the property. There is a garage for those who require parking. 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. 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, 285 Elm Avenue sold most recently in Oct 31, 2013 for a total of $85,000. If you work out the math, that's approximately a cost of $57.90 per sqft. Before that, the property was also sold for $144,000 in Jun 10, 1994. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $8,606 in taxes each year. 285 Elm Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $120,000. If we break it down further, the land itself was valued at $56,700. Improvements to the property, however, were assessed at a total of $63,300. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1965
  • Effective Year Built: 1965
  • Bedroom Count: 0
  • Construction Type: Frame
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,050
  • Lot Size Depth Feet: 1,210
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,468
  • Building Area: 1,468
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,468
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.139
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : DERIOS MARIA
  • Previous Owner : BROWN RAYMOND L
  • Previous Owner 2: DERIOS MARIA
  • Owner Before Previous Owner: MJALLI ADNAN M
  • Owner Before Previous Owner 2: MJALLI DEBORAH S
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Rahway City School District
  • Census Tract: 035900

Geography

  • Account Number: 03889000
  • District: 13
  • Parcel: 13 00145-0000-00029
  • Block: 145
  • Lot: 29
  • Municipality: RAHWAY CITY
  • Latitude: 40.6081
  • Longitude: -74.2819

    Address

  • Full Address: 285 Elm Ave
  • Address - House Number: 285
  • Address - Street Name: Elm
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Rahway
  • Carrier Code: C002
  • 4-Digit Zip Code: 3242
  • Zip Code: 07065

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,606

    Appraisal Valuation

  • Standard Deviation: 0.2137
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 559,214
  • High Value: 678,729
  • Low Value: 439,699

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $160,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Nov 14, 2013
  • First Open Lien Mortgage Loan Amount: $160,000
  • 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: Nov 01, 2043

    Market Valuation

  • Market Total Value: $120,000
  • Market Land Value: $56,700
  • Market Improvement Value: $63,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $120,000
  • Assessed Land Value: $56,700
  • Assessed Improvements Value: $63,300

    Sales

  • Current Sale Contract Date: Oct 31, 2013
  • Current Sale Recording Date: Nov 14, 2013
  • Current Sale Transaction ID: 1119827647
  • Current Sale Price: $85,000
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 246402
  • Previous Sale Recording Date: May 15, 1995
  • Previous Sale Contract Date: Jun 10, 1994
  • Previous Sale Amount: $144,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Nov 14, 2013
  • First Mortgage Loan Amount: $160,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2043

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Frequently Asked Questions

What neighborhood is 285 Elm Avenue located in?
The 285 Elm Avenue is a located in the neighborhood of Union in Rahway, Rahway.
What is the average sales price for listings in 285 Elm Avenue?
The average sales price for units in 285 Elm Avenue is $0 currently.

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