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29 Hoyt Street

29 Hoyt Street, Madison, NJ 07940
Property in Morris
Sold Nov 13, 2020
$610,000
$452,000 by Kwik Mortgage Corp
Mortgage Due Nov 01, 2050
Sold Jun 30, 2003
$471,000
$200,000 by Bank Of America
Mortgage
29 Hoyt Street in Madison, NJ was first built in 1941 and is 83 years old. This has been categorized as a residential property type. It is a single story home. 29 Hoyt Street has 1,567 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 8,668 square feet.

Learn more about the property and building on this page. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The property was last sold in Oct 20, 2020 for $610,000. That's $389.28 per sqft. Prior to that sales transaction, the property was also sold in Jun 3, 2003 for $471,000. 29 Hoyt Street was last assessed in 2023. The total value of the property was assessed at $497,200. Specifically, the land the property is located on was valued at $319,900. While improvements on the property were assessed at a total of $177,300. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $10,237. 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. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1941
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,668
  • Total Building Area: 1,567
  • Building Area: 1,567
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,567
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.199
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : SCHRAK TIMOTHY
  • Current Owner 2: SCHRAK MICHELE
  • Previous Owner : GLASER SUSAN
  • Owner Before Previous Owner: BALDERSTON ROBERT
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Madison Borough School District
  • Census Tract: 042900

Zoning

  • Zoning: R-3

Geography

  • District: 17
  • Parcel: 17 00602-0000-00008
  • Block: 602
  • Lot: 8
  • Municipality: MADISON BORO
  • Latitude: 40.7681
  • Longitude: -74.4074

    Address

  • Full Address: 29 Hoyt St
  • Address - House Number: 29
  • Address - Street Name: Hoyt
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Madison
  • Carrier Code: C013
  • 4-Digit Zip Code: 1633
  • Zip Code: 07940

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,237

    Appraisal Valuation

  • Standard Deviation: 0.1545
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 81
  • Final Value: 794,174
  • High Value: 916,922
  • Low Value: 671,426

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $452,000
  • First Open Lien Mortgage Lender: KWIK MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Nov 13, 2020
  • First Open Lien Mortgage Loan Amount: $452,000
  • 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, 2050

    Market Valuation

  • Market Total Value: $609,837
  • Market Land Value: $392,371
  • Market Improvement Value: $217,466

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $497,200
  • Assessed Land Value: $319,900
  • Assessed Improvements Value: $177,300

    Sales

  • Current Sale Contract Date: Oct 20, 2020
  • Current Sale Recording Date: Nov 13, 2020
  • Current Sale Transaction ID: 11808035501
  • Current Sale Price: $610,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2020082958
  • Previous Sale Recording Date: Jun 30, 2003
  • Previous Sale Contract Date: Jun 03, 2003
  • Previous Sale Amount: $471,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: KWIK MORTGAGE CORP
  • First Mortgage Transaction Date: Nov 13, 2020
  • First Mortgage Loan Amount: $452,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA
  • Previous Mortgage Transaction Date: Jun 30, 2003
  • Previous Mortgage Loan Amount: $200,000
  • Previous Mortgage Term: 360

About Madison



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Frequently Asked Questions

What neighborhood is 29 Hoyt Street located in?
The 29 Hoyt Street is a located in the neighborhood of Morris in Madison, Madison.
What is the average sales price for listings in 29 Hoyt Street?
The average sales price for units in 29 Hoyt Street is $0 currently.

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