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385 Jensen Avenue

385 Jensen Avenue, Rahway, NJ 07065
Property in Union
Sold Oct 21, 2020
$405,000
$324,000 by Santander Bank Na
Mortgage Due Nov 01, 2050
Sold May 30, 1989
$218,500
385 Jensen Avenue has been categorized by the local assessors in Rahway, NJ as a residential type of property. The building on the property was first built in 1961 and is 63 years old. In addition, 385 Jensen Avenue has 1,440 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,000 ft and across the front of the lot is 660 ft. The area measurement of the land has been determined as 6,599 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 garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. 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, 385 Jensen Avenue sold most recently in Oct 14, 2020 for a total of $405,000. If you work out the math, that's approximately a cost of $281.25 per sqft. Before that, the property was also sold for $218,500 in May 30, 1989. 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 $12,192 in taxes each year. 385 Jensen Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $170,000. If we break it down further, the land itself was valued at $66,200. Improvements to the property, however, were assessed at a total of $103,800. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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: 1961
  • Effective Year Built: 1961
  • Bedroom Count: 0
  • Construction Type: Frame
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,599
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,440
  • Building Area: 1,440
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,440
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.152
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : MACHADO JOSE
  • Current Owner 2: MACHADO YOLANDA
  • Previous Owner : NICHOLAS SHERRI A
  • Previous Owner 2: NICHOLAS JEFFREY W
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Rahway City School District
  • Census Tract: 035600

Geography

  • Account Number: 05163000
  • District: 13
  • Parcel: 13 00055-0000-00016
  • Block: 55
  • Lot: 16
  • Municipality: RAHWAY CITY
  • Latitude: 40.6024
  • Longitude: -74.298

    Address

  • Full Address: 385 Jensen Ave
  • Address - House Number: 385
  • Address - Street Name: Jensen
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Rahway
  • Carrier Code: C022
  • 4-Digit Zip Code: 2325
  • Zip Code: 07065

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $12,192

    Appraisal Valuation

  • Standard Deviation: 0.2273
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 537,626
  • High Value: 659,850
  • Low Value: 415,402

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $324,000
  • First Open Lien Mortgage Lender: SANTANDER BANK NA
  • First Open Lien Mortgage Recording Date: Oct 21, 2020
  • First Open Lien Mortgage Loan Amount: $324,000
  • 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: Nov 01, 2050

    Market Valuation

  • Market Total Value: $170,000
  • Market Land Value: $66,200
  • Market Improvement Value: $103,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $170,000
  • Assessed Land Value: $66,200
  • Assessed Improvements Value: $103,800

    Sales

  • Current Sale Contract Date: Oct 14, 2020
  • Current Sale Recording Date: Oct 21, 2020
  • Current Sale Transaction ID: 11796481226
  • Current Sale Price: $405,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 329346
  • Previous Sale Recording Date: May 30, 1989
  • Previous Sale Contract Date: May 30, 1989
  • Previous Sale Amount: $218,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: SANTANDER BANK NA
  • First Mortgage Transaction Date: Oct 21, 2020
  • First Mortgage Loan Amount: $324,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

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Frequently Asked Questions

What neighborhood is 385 Jensen Avenue located in?
The 385 Jensen Avenue is a located in the neighborhood of Union in Rahway, Rahway.
What is the average sales price for listings in 385 Jensen Avenue?
The average sales price for units in 385 Jensen Avenue is $0 currently.

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