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347 Biltmore Lane

347 Biltmore Lane, Somerset, NJ 08873
Property in Somerset
Sold Oct 31, 2016
$475,000
$100,000 by Phh Home Loans Llc
Mortgage Due Nov 01, 2031
Sold Feb 05, 2004
$346,325
$100,000 by American Residential Mortgage
Mortgage
347 Biltmore Lane in Somerset, NJ was first built in 2004 and is 20 years old. This has been categorized as a residential property type. 347 Biltmore Lane has 2,217 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. In total, the area measurement of the land is 7,057 square feet.

Learn more about the property and building on this page. The property was last sold in Oct 18, 2016 for $475,000. That's $214.25 per sqft. Prior to that sales transaction, the property was also sold in Jan 23, 2004 for $346,325. 347 Biltmore Lane was last assessed in 2023. The total value of the property was assessed at $512,600. Specifically, the land the property is located on was valued at $270,400. While improvements on the property were assessed at a total of $242,200. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $9,898. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Bedroom Count: 0
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,057
  • Total Building Area: 2,217
  • Building Area: 2,217
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,217
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SOMERSET RUN
  • Land Acres: 0.162
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : CLARK PATRICK G
  • Current Owner 2: CLARK LINDA A
  • Previous Owner : COHEN MICHAEL A
  • Previous Owner 2: COHEN ARLENE M
  • Owner Before Previous Owner: PULTE COMMUNITIES NJ LIMITED P
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: SCV

Geography

  • Assessors Map Reference: TAX MAP 75
  • District: 08
  • Parcel: 08 00507- 21-00012
  • Block: 507.21
  • Lot: 12
  • Municipality: FRANKLIN TWP
  • Latitude: 40.5245
  • Longitude: -74.533

    Address

  • Full Address: 347 Biltmore Ln
  • Address - House Number: 347
  • Address - Street Name: Biltmore
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Somerset
  • Carrier Code: R008
  • 4-Digit Zip Code: 6004
  • Zip Code: 08873

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,898

    Appraisal Valuation

  • Standard Deviation: 0.1373
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 84
  • Final Value: 612,966
  • High Value: 697,156
  • Low Value: 528,777

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $100,000
  • First Open Lien Mortgage Lender: PHH HOME LOANS LLC
  • First Open Lien Mortgage Recording Date: Oct 31, 2016
  • First Open Lien Mortgage Loan Amount: $100,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2031

    Market Valuation

  • Market Total Value: $506,973
  • Market Land Value: $267,432
  • Market Improvement Value: $239,541

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $512,600
  • Assessed Land Value: $270,400
  • Assessed Improvements Value: $242,200

    Sales

  • Current Sale Contract Date: Oct 18, 2016
  • Current Sale Recording Date: Oct 31, 2016
  • Current Sale Transaction ID: 1947683568
  • Current Sale Price: $475,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2016047107
  • Previous Sale Recording Date: Feb 05, 2004
  • Previous Sale Contract Date: Jan 23, 2004
  • Previous Sale Amount: $346,325
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: PHH HOME LOANS LLC
  • First Mortgage Transaction Date: Oct 31, 2016
  • First Mortgage Loan Amount: $100,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2031

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAN RESIDENTIAL MORTGAGE
  • Previous Mortgage Transaction Date: Feb 05, 2004
  • Previous Mortgage Loan Amount: $100,000

About Franklin Center



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Frequently Asked Questions

What neighborhood is 347 Biltmore Lane located in?
The 347 Biltmore Lane is a located in the neighborhood of Somerset in Franklin Center, Somerset.
What is the average sales price for listings in 347 Biltmore Lane?
The average sales price for units in 347 Biltmore Lane is $0 currently.

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