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4 Island Trail

4 Island Trail, Wharton, NJ 07885
Property in Morris
Sold Oct 16, 2018
$480,000
$220,000 by American Financial Mortgage Co
Mortgage Due Nov 01, 2048
4 Island Trail in Wharton, NJ was first built in 1970 and is 54 years old. This has been categorized as a residential property type. It is a single story home. 4 Island Trail has 2,288 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. The linear feet across the front of the lot is 1,280 ft and the linear feet between the front and back of the lot is 1,100. In total, the area measurement of the land is 14,070 square feet.

Learn more about the property and building on this page. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 4 Island Trail was last sold in Oct 12, 2018 for $480,000. According to our calculations, that's $209.79 per sqft. Current property owners are expected to pay $12,119 in taxes per year. The property on 4 Island Trail was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $414,200. To break that down further, the land itself was valued at $151,200. While improvements to the property were assessed at a total of $263,000. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 14,070
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 1,280
  • Total Building Area: 2,288
  • Building Area: 2,288
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,288
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.323
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : POLICASTRO JOHN
  • Current Owner 2: POLICASTRO DEBRA
  • Previous Owner : PETER GLENN J
  • Previous Owner 2: PETER LISA A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Jefferson Township School District
  • Census Tract: 044702

Zoning

  • Zoning: R-30

Geography

  • Assessors Map Reference: TAX MAP 42
  • Account Number: 03204520
  • District: 14
  • Parcel: 14 00282-0000-00004
  • Block: 282
  • Lot: 4
  • Municipality: JEFFERSON TWP
  • Latitude: 40.9711
  • Longitude: -74.5956

    Address

  • Full Address: 4 Island Trl
  • Address - House Number: 4
  • Address - Street Name: Island
  • Address - Suffix Type: Trl
  • State: NJ
  • City Name: Wharton
  • Carrier Code: R023
  • 4-Digit Zip Code: 2908
  • Zip Code: 07885

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $12,119

    Appraisal Valuation

  • Standard Deviation: 0.1562
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 80
  • Final Value: 615,082
  • High Value: 711,164
  • Low Value: 519,001

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $320,000
  • First Open Lien Mortgage Lender: AMERICAN FINANCIAL MORTGAGE CO
  • First Open Lien Mortgage Recording Date: Oct 16, 2018
  • First Open Lien Mortgage Loan Amount: $220,000
  • 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, 2048
  • Second Open Lien Mortgage Lender: BANK OF AMERICA NA
  • Second Open Lien Mortgage Recording Date: Jun 21, 2021
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $100,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: May 24, 2051

    Market Valuation

  • Market Total Value: $450,364
  • Market Land Value: $164,401
  • Market Improvement Value: $285,963

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $414,200
  • Assessed Land Value: $151,200
  • Assessed Improvements Value: $263,000

    Exemptions

  • Veteran Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 12, 2018
  • Current Sale Recording Date: Oct 16, 2018
  • Current Sale Transaction ID: 11523138274
  • Current Sale Price: $480,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2018058173

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN FINANCIAL MORTGAGE CO
  • First Mortgage Transaction Date: Oct 16, 2018
  • First Mortgage Loan Amount: $220,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2048

About Morris



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Frequently Asked Questions

What neighborhood is 4 Island Trail located in?
The 4 Island Trail is a located in the neighborhood of Morris in Morris, Wharton.
What is the average sales price for listings in 4 Island Trail?
The average sales price for units in 4 Island Trail is $0 currently.

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