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314 New Street

314 New Street, Plainfield, NJ 07060
Multifamily in Union
Sold Nov 17, 2021
$480,000
$408,000 by Contour Mortgage Corp
Mortgage Due Dec 01, 2051
Sold Apr 15, 2021
$250,000
$279,000 by Lendinghome Funding Corp
Mortgage
314 New Street has been categorized by the local assessors in Plainfield, NJ as a residential type of property. The building on the property was first built in 1885 and is 139 years old. The building has a total of 2 stories. In addition, 314 New Street has 1,364 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 1,050 ft and across the front of the lot is 383 ft. The area measurement of the land has been determined as 4,025 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. The property was last sold in Oct 27, 2021 for $480,000. That's $351.91 per sqft. Prior to that sales transaction, the property was also sold in Apr 6, 2021 for $250,000. 314 New Street was last assessed in 2023. The total value of the property was assessed at $88,600. Specifically, the land the property is located on was valued at $23,300. While improvements on the property were assessed at a total of $65,300. 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 $7,660. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

Building Features

Exterior

Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1885
  • Effective Year Built: 1885
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,025
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 383
  • Total Building Area: 1,364
  • Building Area: 1,364
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,364
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.092
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: 1364 SQ FT BLDG

Ownership

  • Current Owner : LODI VICTORIA
  • Previous Owner : LUXURY AFFORDABLES LLC
  • Owner Before Previous Owner: ARIAS BONILLA JOSE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Plainfield City School District
  • Census Tract: 039301

Zoning

  • Zoning: R-4

Geography

  • Assessors Map Reference: TAX MAP 130
  • Account Number: 00803000
  • District: 12
  • Parcel: 12 00106-0000-00004
  • Block: 106
  • Lot: 4
  • Municipality: PLAINFIELD CITY
  • Latitude: 40.6142
  • Longitude: -74.4248

    Address

  • Full Address: 314 New St
  • Address - House Number: 314
  • Address - Street Name: New
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Plainfield
  • Carrier Code: C028
  • 4-Digit Zip Code: 4213
  • Zip Code: 07060

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,660

    Appraisal Valuation

  • Standard Deviation: 0.2561
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 63
  • Final Value: 486,237
  • High Value: 610,786
  • Low Value: 361,687

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $408,000
  • First Open Lien Mortgage Lender: CONTOUR MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Nov 17, 2021
  • First Open Lien Mortgage Loan Amount: $408,000
  • 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: Dec 01, 2051

    Market Valuation

  • Market Total Value: $88,600
  • Market Land Value: $23,300
  • Market Improvement Value: $65,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $88,600
  • Assessed Land Value: $23,300
  • Assessed Improvements Value: $65,300

    Sales

  • Current Sale Contract Date: Oct 27, 2021
  • Current Sale Recording Date: Nov 17, 2021
  • Current Sale Transaction ID: 11870161221
  • Current Sale Price: $480,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 11704
  • Previous Sale Recording Date: Apr 15, 2021
  • Previous Sale Contract Date: Apr 06, 2021
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: CONTOUR MORTGAGE CORP
  • First Mortgage Transaction Date: Nov 17, 2021
  • First Mortgage Loan Amount: $408,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: LENDINGHOME FUNDING CORP
  • Previous Mortgage Transaction Date: Apr 15, 2021
  • Previous Mortgage Loan Amount: $279,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Plainfield



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Frequently Asked Questions

What neighborhood is 314 New Street located in?
The 314 New Street is a multifamily located in the neighborhood of Union in Plainfield, Plainfield.
What is the average sales price for listings in 314 New Street?
The average sales price for units in 314 New Street is $0 currently.

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