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38 Valsumo Lane

38 Valsumo Lane, Newark, NJ 07105
Property in North Ironbound
Sold Feb 02, 2023
$420,000
$399,000 by Peapack-gladstone Bank
Mortgage Due Feb 01, 2053
Sold Aug 27, 2009
$122,500
$184,000 by Pnc Mortgage Llc
Mortgage Due Aug 01, 2039
38 Valsumo Lane has been categorized by the local assessors in Newark, NJ as a residential type of property. The building on the property was first built in 2004 and is 20 years old. In addition, 38 Valsumo Lane has 1,754 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 662 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. 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, 38 Valsumo Lane sold most recently in Jan 26, 2023 for a total of $420,000. If you work out the math, that's approximately a cost of $239.45 per sqft. Before that, the property was also sold for $122,500 in Jul 15, 2009. 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 $7,072 in taxes each year. 38 Valsumo Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $189,300. If we break it down further, the land itself was valued at $55,000. Improvements to the property, however, were assessed at a total of $134,300. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

Building Features

Parking

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

Building Info

Overview

    General

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

    Dimensions

  • Lot Size Square Feet: 662
  • Total Building Area: 1,754
  • Building Area: 1,754
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,754
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.015
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : SANCHEZ VICTOR R
  • Previous Owner : MORAN JOHN
  • Previous Owner 2: MORAN MARINALVA F
  • Owner Before Previous Owner: CARLOS ANTONIO AMBROSIO
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Newark City School District
  • Census Tract: 007300

Geography

  • Assessors Map Reference: TAX MAP 54
  • District: 14
  • Parcel: 14 02013- 04-00001
  • Block: 2013.04
  • Lot: 1
  • Municipality: NEWARK CITY
  • Latitude: 40.7295
  • Longitude: -74.1487

    Address

  • Full Address: 38 Val Sumo Ln
  • Address - House Number: 38
  • Address - Street Name: Val Sumo
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Newark
  • Carrier Code: C014
  • 4-Digit Zip Code: 3547
  • Zip Code: 07105

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,072

    Appraisal Valuation

  • Standard Deviation: 0.1068
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 89
  • Final Value: 449,161
  • High Value: 497,134
  • Low Value: 401,188

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $399,000
  • First Open Lien Mortgage Lender: PEAPACK-GLADSTONE BANK
  • First Open Lien Mortgage Recording Date: Feb 02, 2023
  • First Open Lien Mortgage Loan Amount: $399,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2053

    Market Valuation

  • Market Total Value: $189,300
  • Market Land Value: $55,000
  • Market Improvement Value: $134,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $189,300
  • Assessed Land Value: $55,000
  • Assessed Improvements Value: $134,300

    Sales

  • Current Sale Contract Date: Jan 26, 2023
  • Current Sale Recording Date: Feb 02, 2023
  • Current Sale Transaction ID: 11902397237
  • Current Sale Price: $420,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 6790
  • Previous Sale Recording Date: Aug 27, 2009
  • Previous Sale Contract Date: Jul 15, 2009
  • Previous Sale Amount: $122,500
  • Previous Sale Document Type: Sheriff's Deed

    Last Sale Mortgage

  • First Mortgage Lender: PEAPACK-GLADSTONE BANK
  • First Mortgage Transaction Date: Feb 02, 2023
  • First Mortgage Loan Amount: $399,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: PNC MORTGAGE LLC
  • Previous Mortgage Transaction Date: Aug 27, 2009
  • Previous Mortgage Loan Amount: $184,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2039

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Frequently Asked Questions

What neighborhood is 38 Valsumo Lane located in?
The 38 Valsumo Lane is a located in the neighborhood of North Ironbound in North Ironbound, Newark.
What is the average sales price for listings in 38 Valsumo Lane?
The average sales price for units in 38 Valsumo Lane is $0 currently.

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