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35 Franklin Drive

35 Franklin Drive, Belle Mead, NJ 08502
Property in Somerset
Sold Jul 11, 2003
$660,000
$222,000 by National City Mtg
Mortgage Due Jul 11, 2033
Sold Jun 08, 1995
$415,000
$337,000 by World Savings
Mortgage
35 Franklin Drive has been categorized by the local assessors in Belle Mead, NJ as a residential type of property. The building on the property was first built in 1995 and is 29 years old. The building has a total of 2 stories. In addition, 35 Franklin Drive has 5,205 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 45,302 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. For the features and amenities located on the property. There is a attached garage for those who require parking. 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, 35 Franklin Drive sold most recently in Jul 2, 2003 for a total of $660,000. If you work out the math, that's approximately a cost of $126.80 per sqft. Before that, the property was also sold for $415,000 in May 31, 1995. 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 $22,482 in taxes each year. 35 Franklin Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $656,800. If we break it down further, the land itself was valued at $209,200. Improvements to the property, however, were assessed at a total of $447,600. 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. 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.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: 1995
  • Effective Year Built: 1995
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 45,302
  • Total Building Area: 5,205
  • Building Area: 5,205
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 5,205
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 1.04
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : PATEL APURVA
  • Current Owner 2: PATEL SUCHITA
  • Previous Owner : DESARIO MARK
  • Owner Before Previous Owner: SCRIBNER VILLAGE LP
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Montgomery Township School District
  • Census Tract: 053905

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: TAX MAP 23
  • Account Number: 00006822
  • District: 13
  • Parcel: 13 07001-0000-00010
  • Block: 7001
  • Lot: 10
  • Municipality: MONTGOMERY TWP
  • Latitude: 40.45
  • Longitude: -74.625

    Address

  • Full Address: 35 Franklin Dr
  • Address - House Number: 35
  • Address - Street Name: Franklin
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Belle Mead
  • Carrier Code: R018
  • 4-Digit Zip Code: 4923
  • Zip Code: 08502

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $22,482

    Appraisal Valuation

  • Standard Deviation: 0.1373
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 84
  • Final Value: 1,282,490
  • High Value: 1,458,637
  • Low Value: 1,106,342

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $222,000
  • First Open Lien Mortgage Lender: NATIONAL CITY MTG
  • First Open Lien Mortgage Recording Date: Jul 11, 2003
  • First Open Lien Mortgage Loan Amount: $222,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Jul 11, 2033

    Market Valuation

  • Market Total Value: $907,433
  • Market Land Value: $289,030
  • Market Improvement Value: $618,403

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $656,800
  • Assessed Land Value: $209,200
  • Assessed Improvements Value: $447,600

    Sales

  • Current Sale Contract Date: Jul 02, 2003
  • Current Sale Recording Date: Jul 11, 2003
  • Current Sale Transaction ID: 1120632594
  • Current Sale Price: $660,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Jun 08, 1995
  • Previous Sale Contract Date: May 31, 1995
  • Previous Sale Amount: $415,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: NATIONAL CITY MTG
  • First Mortgage Transaction Date: Jul 11, 2003
  • First Mortgage Loan Amount: $222,000
  • First Mortgage Terms: 360

    Previous Mortgages

  • Previous Mortgage Lender: WORLD SAVINGS
  • Previous Mortgage Transaction Date: Jun 08, 1995
  • Previous Mortgage Loan Amount: $337,000
  • Previous Mortgage Term: 360

About Somerset



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Frequently Asked Questions

What neighborhood is 35 Franklin Drive located in?
The 35 Franklin Drive is a located in the neighborhood of Somerset in Somerset, Belle Mead.
What is the average sales price for listings in 35 Franklin Drive?
The average sales price for units in 35 Franklin Drive is $0 currently.

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