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3 Penobscott Place

3 Penobscott Place, Franklin Lakes, NJ 07417
Property in Bergen
Sold Nov 21, 2016
$1,150,000
$650,000 by Bank Of America Na
Mortgage Due Nov 01, 2046
Sold Jul 06, 2011
$1,190,000
$952,000 by Phh Home Loans Llc
Mortgage Due Jul 01, 2041
3 Penobscott Place in Franklin Lakes, NJ was first built in 1998 and is 26 years old. This has been categorized as a residential property type. 3 Penobscott Place has 4,504 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 90,997 square feet.

Learn more about the property and building on this page. The property was last sold in Oct 18, 2016 for $1,150,000. That's $255.33 per sqft. Prior to that sales transaction, the property was also sold in May 16, 2011 for $1,190,000. 3 Penobscott Place was last assessed in 2023. The total value of the property was assessed at $1,182,600. Specifically, the land the property is located on was valued at $713,400. While improvements on the property were assessed at a total of $469,200. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $19,939. The initial tax year of delinquency was in 2020. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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: 1998
  • Effective Year Built: 1998
  • Bedroom Count: 0
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 90,997
  • Total Building Area: 4,504
  • Building Area: 4,504
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,504
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FINAL PLAT URBAN FARMS SECTION 2E
  • Land Acres: 2.089
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : BUTLER WILLIAM
  • Current Owner 2: BUTLER TONI ANN
  • Previous Owner : WIZEMAN DANA M
  • Owner Before Previous Owner: FRANKLIN MORTGAGE ASSET TRUST 2009A
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Franklin Lakes Borough School District
  • Census Tract: 020200

Zoning

  • Zoning: A130

Geography

  • Account Number: 565
  • District: 20
  • Parcel: 20 01106- 06-00010
  • Block: 1106.06
  • Lot: 10
  • Municipality: FRANKLIN LAKES BORO
  • Latitude: 40.9887
  • Longitude: -74.2376

    Address

  • Full Address: 3 Penobscott Pl
  • Address - House Number: 3
  • Address - Street Name: Penobscott
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Franklin Lakes
  • Carrier Code: C004
  • 4-Digit Zip Code: 1042
  • Zip Code: 07417

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $19,939
  • Intital Tax Deliquent Year: 2020

    Appraisal Valuation

  • Standard Deviation: 0.1982
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 1,652,356
  • High Value: 1,979,906
  • Low Value: 1,324,805

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $650,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Nov 21, 2016
  • First Open Lien Mortgage Loan Amount: $650,000
  • 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, 2046

    Market Valuation

  • Market Total Value: $1,182,600
  • Market Land Value: $713,400
  • Market Improvement Value: $469,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,182,600
  • Assessed Land Value: $713,400
  • Assessed Improvements Value: $469,200

    Sales

  • Current Sale Contract Date: Oct 18, 2016
  • Current Sale Recording Date: Nov 21, 2016
  • Current Sale Transaction ID: 1876119028
  • Current Sale Price: $1,150,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 16-089203
  • Previous Sale Recording Date: Jul 06, 2011
  • Previous Sale Contract Date: May 16, 2011
  • Previous Sale Amount: $1,190,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Nov 21, 2016
  • First Mortgage Loan Amount: $650,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: PHH HOME LOANS LLC
  • Previous Mortgage Transaction Date: Jul 06, 2011
  • Previous Mortgage Loan Amount: $952,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jul 01, 2041

About Franklin Lakes



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Frequently Asked Questions

What neighborhood is 3 Penobscott Place located in?
The 3 Penobscott Place is a located in the neighborhood of Bergen in Franklin Lakes, Franklin Lakes.
What is the average sales price for listings in 3 Penobscott Place?
The average sales price for units in 3 Penobscott Place is $0 currently.

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