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308 Oak Lane

308 Oak Lane, Princeton Junction, NJ 08550
House in Mercer
Sold Sep 29, 2020
$530,000
$424,000 by Cardinal Financial Company Lp
Mortgage Due Oct 01, 2050
Sold May 22, 1997
$213,000
$170,000 by Magyar Svgs Bk
Mortgage
308 Oak Lane in Princeton Junction, NJ was first built in 1967 and is 57 years old. This has been categorized as a residential property type. It is a single story home. 308 Oak Lane has 1,296 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. The linear feet across the front of the lot is 1,000 ft and the linear feet between the front and back of the lot is 2,190. In total, the area measurement of the land is 21,900 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. There are a total of 2 available parking spaces. 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. 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, 308 Oak Lane sold most recently in Sep 2, 2020 for a total of $530,000. If you work out the math, that's approximately a cost of $408.95 per sqft. Before that, the property was also sold for $213,000 in May 19, 1997. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $9,706 in taxes each year. 308 Oak Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $337,000. If we break it down further, the land itself was valued at $260,000. Improvements to the property, however, were assessed at a total of $77,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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!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: 1967
  • Effective Year Built: 1967
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 21,900
  • Lot Size Depth Feet: 2,190
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,296
  • Building Area: 1,296
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,296
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.503
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : KUNG MELISSA M
  • Current Owner 2: CIVITANO JASON
  • Previous Owner : LYON DAVID J
  • Previous Owner 2: LYON DONNA M
  • Owner Before Previous Owner: BRAUNSTEIN ROBERT
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: West Windsor-Plainsboro Regional School District
  • Census Tract: 004316

Zoning

  • Zoning: R20

Geography

  • Assessors Map Reference: TAX MAP 3901
  • District: 13
  • Parcel: 13 00055-0000-00016
  • Block: 55
  • Lot: 16
  • Municipality: WEST WINDSOR TWP
  • Latitude: 40.266
  • Longitude: -74.5828

    Address

  • Full Address: 308 Oak Ln
  • Address - House Number: 308
  • Address - Street Name: Oak
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Princeton Junction
  • Carrier Code: C009
  • 4-Digit Zip Code: 3610
  • Zip Code: 08550

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,706

    Appraisal Valuation

  • Standard Deviation: 0.1704
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 78
  • Final Value: 622,370
  • High Value: 728,478
  • Low Value: 516,261

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $424,000
  • First Open Lien Mortgage Lender: CARDINAL FINANCIAL COMPANY LP
  • First Open Lien Mortgage Recording Date: Sep 29, 2020
  • First Open Lien Mortgage Loan Amount: $424,000
  • 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: Oct 01, 2050

    Market Valuation

  • Market Total Value: $337,000
  • Market Land Value: $260,000
  • Market Improvement Value: $77,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $337,000
  • Assessed Land Value: $260,000
  • Assessed Improvements Value: $77,000

    Sales

  • Current Sale Contract Date: Sep 02, 2020
  • Current Sale Recording Date: Sep 29, 2020
  • Current Sale Transaction ID: 11789947613
  • Current Sale Price: $530,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2020043110
  • Previous Sale Recording Date: May 22, 1997
  • Previous Sale Contract Date: May 19, 1997
  • Previous Sale Amount: $213,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CARDINAL FINANCIAL COMPANY LP
  • First Mortgage Transaction Date: Sep 29, 2020
  • First Mortgage Loan Amount: $424,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: MAGYAR SVGS BK
  • Previous Mortgage Transaction Date: May 22, 1997
  • Previous Mortgage Loan Amount: $170,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About Mercer



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Frequently Asked Questions

What neighborhood is 308 Oak Lane located in?
The 308 Oak Lane is a house located in the neighborhood of Mercer in Mercer, Princeton Junction.
What is the average sales price for listings in 308 Oak Lane?
The average sales price for units in 308 Oak Lane is $495,000 , or $342/sqft. currently.

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