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4 Lori Drive

4 Lori Drive, Somerville, NJ 08876
Property in Somerset
Sold Oct 26, 2020
$380,000
$276,000 by Quicken Loans Llc
Mortgage Due Nov 01, 2050
Sold Feb 14, 2002
$299,000
$200,000 by Greenwich Home Mtg
Mortgage
4 Lori Drive in Somerville, NJ was first built in 1967 and is 57 years old. This has been categorized as a residential property type. There are a total of 2 floors. 4 Lori Drive has 2,366 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 860 ft and the linear feet between the front and back of the lot is 1,050. In total, the area measurement of the land is 9,030 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. There are a total of 2 available parking spaces. 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. The property was last sold in Oct 18, 2020 for $380,000. That's $160.61 per sqft. Prior to that sales transaction, the property was also sold in Feb 7, 2002 for $299,000. 4 Lori Drive was last assessed in 2023. The total value of the property was assessed at $404,900. Specifically, the land the property is located on was valued at $151,200. While improvements on the property were assessed at a total of $253,700. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $15,637. 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! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Building Style

Cape Cod
Colonial

Parking

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

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 9,030
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 860
  • Total Building Area: 2,366
  • Building Area: 2,366
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,366
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.207
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : GOBBO FRANK
  • Previous Owner : MADRAZO ARTURO J
  • Previous Owner 2: MADRAZO PATRICIA A
  • Owner Before Previous Owner: HOLBROOK ANNA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Somerville Borough School District
  • Census Tract: 050300

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: TAX MAP 3
  • District: 18
  • Parcel: 18 00034-0000-00010
  • Block: 34
  • Lot: 10
  • Municipality: SOMERVILLE BORO
  • Latitude: 40.5699
  • Longitude: -74.5977

    Address

  • Full Address: 4 Lori Dr
  • Address - House Number: 4
  • Address - Street Name: Lori
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Somerville
  • Carrier Code: C014
  • 4-Digit Zip Code: 2517
  • Zip Code: 08876

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $15,637

    Appraisal Valuation

  • Standard Deviation: 0.1589
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 80
  • Final Value: 635,897
  • High Value: 736,956
  • Low Value: 534,837

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $276,000
  • First Open Lien Mortgage Lender: QUICKEN LOANS LLC
  • First Open Lien Mortgage Recording Date: Oct 26, 2020
  • First Open Lien Mortgage Loan Amount: $276,000
  • 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: $537,859
  • Market Land Value: $200,850
  • Market Improvement Value: $337,009

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $404,900
  • Assessed Land Value: $151,200
  • Assessed Improvements Value: $253,700

    Sales

  • Current Sale Contract Date: Oct 18, 2020
  • Current Sale Recording Date: Oct 26, 2020
  • Current Sale Transaction ID: 11794862075
  • Current Sale Price: $380,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2020052091
  • Previous Sale Recording Date: Feb 14, 2002
  • Previous Sale Contract Date: Feb 07, 2002
  • Previous Sale Amount: $299,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS LLC
  • First Mortgage Transaction Date: Oct 26, 2020
  • First Mortgage Loan Amount: $276,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: GREENWICH HOME MTG
  • Previous Mortgage Transaction Date: Feb 14, 2002
  • Previous Mortgage Loan Amount: $200,000

About Somerville



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Frequently Asked Questions

What neighborhood is 4 Lori Drive located in?
The 4 Lori Drive is a located in the neighborhood of Somerset in Somerville, Somerville.
What is the average sales price for listings in 4 Lori Drive?
The average sales price for units in 4 Lori Drive is $0 currently.

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