36 Cornelius Way

Local assessors in Somerset, NJ have categorized 36 Cornelius Way as a residential type of property. The home was built in 1999 and is 25 years old. The property's lot size has been calculated to be 25,003 square feet. If we look only at the heated or air conditioned part of the building, then 36 Cornelius Way has a total of 2,564 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. 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, 36 Cornelius Way sold most recently in Jul 12, 2002 for a total of $417,500. If you work out the math, that's approximately a cost of $162.83 per sqft. Before that, the property was also sold for $279,078 in Mar 18, 1999. 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 $14,191 in taxes each year. 36 Cornelius Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $734,900. If we break it down further, the land itself was valued at $382,300. Improvements to the property, however, were assessed at a total of $352,600. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.