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32 Worlds Fair Drive

32 Worlds Fair Drive, Somerset, NJ 08873
Commercial in Somerset
This has been categorized as a commercial property type. The linear feet across the front of the lot is 1,760 ft and the linear feet between the front and back of the lot is 5,400. In total, the area measurement of the land is 95,396 square feet.

Learn more about the property and building on this page. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 32 Worlds Fair Drive was last sold in Dec 29, 2003 for $438,400. Current property owners are expected to pay $73,378 in taxes per year. The property on 32 Worlds Fair Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $3,800,000. To break that down further, the land itself was valued at $657,000. While improvements to the property were assessed at a total of $3,143,000. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Parking

Parking Lot
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200722
07/22/2020
Loft
-
19178 ft²
$445,000
bedrooms
Loft
bathrooms
-
square feet
19178 ft²
-
-
-
MICHELE KLUG
Keller Williams Towne Square Realty

Building Info

Overview

    General

  • Bedroom Count: 0
  • Living Units: 1
  • Business/Commerical Units Count: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 95,396
  • Lot Size Depth Feet: 5,400
  • Lot Size Frontage Feet: 1,760
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Land Acres: 2.19
  • Standard Land Use Code: Commercial (general)

Ownership

  • Current Owner : FRANKLIN PROFESSIONAL PARK LLC
  • Previous Owner : WORLDS FAIR PARTNERS LIMITED P
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Franklin Township School District
  • Census Tract: 054301

Zoning

  • Zoning: M2

Geography

  • Assessors Map Reference: TAX MAP 87
  • District: 08
  • Parcel: 08 00468- 11-00018- 05
  • Block: 468.11
  • Lot: 18.05
  • Municipality: FRANKLIN TWP
  • Latitude: 40.5302
  • Longitude: -74.5205

    Address

  • Full Address: 32 Worlds Fair Dr
  • Address - House Number: 32
  • Address - Street Name: Worlds Fair
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Somerset
  • Carrier Code: C041
  • 4-Digit Zip Code: 1388
  • Zip Code: 08873

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $73,378

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,800,000
  • First Open Lien Mortgage Lender: THE PROVIDENT BANK
  • First Open Lien Mortgage Recording Date: Oct 13, 2016
  • First Open Lien Mortgage Loan Amount: $2,800,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Unknown (DEFAULT)
  • First Open Lien Mortgage Loan Due Date: Oct 13, 2046

    Market Valuation

  • Market Total Value: $3,758,283
  • Market Land Value: $649,787
  • Market Improvement Value: $3,108,496

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,800,000
  • Assessed Land Value: $657,000
  • Assessed Improvements Value: $3,143,000

    Sales

  • Current Sale Contract Date: Dec 29, 2003
  • Current Sale Recording Date: Jan 23, 2004
  • Current Sale Transaction ID: 11475968703
  • Current Sale Price: $438,400
  • Current Sale Document Type: Deed

About Franklin Center



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Nearby Rentals

Unit for rent at 205 Bathgate Ave, South Bound Brook Boro, NJ, 08880-1202

$1,615 /mo

  • Studio
205 Bathgate Ave, South Bound Brook Boro, NJ, 08880-1202 Listing by KIRA IBARRA-BRUMBAUGH

Frequently Asked Questions

What neighborhood is 32 Worlds Fair Drive located in?
The 32 Worlds Fair Drive is a commercial located in the neighborhood of Somerset in Franklin Center, Somerset.
What is the average sales price for listings in 32 Worlds Fair Drive?
The average sales price for units in 32 Worlds Fair Drive is $0 currently.

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