332 Araneo Drive

Local assessors in West Orange, NJ have categorized 332 Araneo Drive as a residential type of property. The home was built in 1987 and is 37 years old. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 2 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. If we look only at the heated or air conditioned part of the building, then 332 Araneo Drive has a total of 1,724 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a built-in garage for those who need a place to park their vehicle. 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, 332 Araneo Drive was last sold in Jan 18, 2024 for $530,000. According to our calculations, that's $307.42 per sqft. Prior to that sales transaction, the property was sold for $270,000 in Aug 20, 2012. Current property owners are expected to pay $11,756 in taxes per year. The property on 332 Araneo Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $270,000. To break that down further, the land itself was valued at $125,000. While improvements to the property were assessed at a total of $145,000. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.