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31 Wayne Boulevard

31 Wayne Boulevard, Madison, NJ 07940
Property in Morris
Sold Nov 30, 2012
$425,000
$389,193 by Investors Home Mortgage
Mortgage Due Oct 01, 2042
31 Wayne Boulevard has been categorized by the local assessors in Madison, NJ as a residential type of property. The building on the property was first built in 1954 and is 70 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 31 Wayne Boulevard has 1,228 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 8,015 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. 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, 31 Wayne Boulevard sold most recently in Sep 21, 2012 for a total of $425,000. If you work out the math, that's approximately a cost of $346.09 per sqft. 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 $8,119 in taxes each year. 31 Wayne Boulevard was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $394,300. If we break it down further, the land itself was valued at $252,600. Improvements to the property, however, were assessed at a total of $141,700. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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: 1954
  • Effective Year Built: 1954
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,015
  • Total Building Area: 1,228
  • Building Area: 1,228
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,228
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.184
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : BERGER DAVID R
  • Current Owner 2: BERGER ANNE M
  • Previous Owner : GUARINO MICHAEL A
  • 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 01101-0000-00023
  • Block: 1101
  • Lot: 23
  • Municipality: MADISON BORO
  • Latitude: 40.7636
  • Longitude: -74.4165

    Address

  • Full Address: 31 Wayne Blvd
  • Address - House Number: 31
  • Address - Street Name: Wayne
  • Address - Suffix Type: Blvd
  • State: NJ
  • City Name: Madison
  • Carrier Code: C004
  • 4-Digit Zip Code: 1522
  • Zip Code: 07940

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,119

    Appraisal Valuation

  • Standard Deviation: 0.1602
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 80
  • Final Value: 646,293
  • High Value: 749,863
  • Low Value: 542,724

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $389,193
  • First Open Lien Mortgage Lender: INVESTORS HOME MORTGAGE
  • First Open Lien Mortgage Recording Date: Nov 30, 2012
  • First Open Lien Mortgage Loan Amount: $389,193
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2042

    Market Valuation

  • Market Total Value: $483,626
  • Market Land Value: $309,825
  • Market Improvement Value: $173,801

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $394,300
  • Assessed Land Value: $252,600
  • Assessed Improvements Value: $141,700

    Sales

  • Current Sale Contract Date: Sep 21, 2012
  • Current Sale Recording Date: Nov 30, 2012
  • Current Sale Transaction ID: 1165560213
  • Current Sale Price: $425,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2012092808

    Last Sale Mortgage

  • First Mortgage Lender: INVESTORS HOME MORTGAGE
  • First Mortgage Transaction Date: Nov 30, 2012
  • First Mortgage Loan Amount: $389,193
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Oct 01, 2042

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Frequently Asked Questions

What neighborhood is 31 Wayne Boulevard located in?
The 31 Wayne Boulevard is a located in the neighborhood of Morris in Madison, Madison.
What is the average sales price for listings in 31 Wayne Boulevard?
The average sales price for units in 31 Wayne Boulevard is $0 currently.

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