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4 Veros Lane

4 Veros Lane, Franklin Park, NJ 08823
Property in Somerset
Sold Jul 14, 2021
$246,000
$221,400 by Quicken Loans Llc
Mortgage Due Aug 01, 2051
Sold Oct 18, 2013
$187,500
$150,000 by Wells Fargo Bank Na
Mortgage Due Nov 01, 2043
4 Veros Lane has been categorized by the local assessors in Franklin Park, NJ as a residential type of property. The building on the property was first built in 1986 and is 38 years old. The building has a total of 2 stories. In addition, 4 Veros Lane has 1,260 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 567 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. 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. 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 Veros Lane was last sold in Jul 8, 2021 for $246,000. According to our calculations, that's $195.24 per sqft. Prior to that sales transaction, the property was sold for $187,500 in Sep 26, 2013. Current property owners are expected to pay $5,756 in taxes per year. The property on 4 Veros Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $299,500. To break that down further, the land itself was valued at $130,000. While improvements to the property were assessed at a total of $169,500. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. 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!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.

Building Features

Parking

Open Parking

Location

Near Public Transit
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Condo
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 567
  • Total Building Area: 1,260
  • Building Area: 1,260
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,260
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SOCIETY HILL AT SOMERSET II
  • Land Acres: 0.013
  • Standard Land Use Code: Condominium unit (residential)

Ownership

  • Current Owner : PATEL SUNNY
  • Current Owner 2: JARIWALA NIDHI
  • Previous Owner : PALONE JOSEPH
  • Previous Owner 2: WALTON TARYN
  • Owner Before Previous Owner: FOSGATE FELICIA L
  • Owner Before Previous Owner 2: RUBEL FELICIA L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Franklin Township School District
  • Census Tract: 053403

Zoning

  • Zoning: CR

Geography

  • Assessors Map Reference: TAX MAP 2407
  • District: 08
  • Parcel: 08 00034- 02-00016- 03-C0235
  • Block: 34.02
  • Lot: 16.03
  • Municipality: FRANKLIN TWP
  • Latitude: 40.4383
  • Longitude: -74.5442

    Address

  • Full Address: 4 Veros Ln
  • Address - House Number: 4
  • Address - Street Name: Veros
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Franklin Park
  • Carrier Code: C003
  • 4-Digit Zip Code: 1330
  • Zip Code: 08823

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,756

    Appraisal Valuation

  • Standard Deviation: 0.153
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 81
  • Final Value: 350,206
  • High Value: 403,799
  • Low Value: 296,612

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $221,400
  • First Open Lien Mortgage Lender: QUICKEN LOANS LLC
  • First Open Lien Mortgage Recording Date: Jul 14, 2021
  • First Open Lien Mortgage Loan Amount: $221,400
  • 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: Aug 01, 2051

    Market Valuation

  • Market Total Value: $296,212
  • Market Land Value: $128,573
  • Market Improvement Value: $167,639

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $299,500
  • Assessed Land Value: $130,000
  • Assessed Improvements Value: $169,500

    Sales

  • Current Sale Contract Date: Jul 08, 2021
  • Current Sale Recording Date: Jul 14, 2021
  • Current Sale Transaction ID: 11842980266
  • Current Sale Price: $246,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021042950
  • Previous Sale Recording Date: Oct 18, 2013
  • Previous Sale Contract Date: Sep 26, 2013
  • Previous Sale Amount: $187,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS LLC
  • First Mortgage Transaction Date: Jul 14, 2021
  • First Mortgage Loan Amount: $221,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Oct 18, 2013
  • Previous Mortgage Loan Amount: $150,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2043

About Franklin Park



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Frequently Asked Questions

What neighborhood is 4 Veros Lane located in?
The 4 Veros Lane is a located in the neighborhood of Somerset in Franklin Park, Franklin Park.
What is the average sales price for listings in 4 Veros Lane?
The average sales price for units in 4 Veros Lane is $0 currently.

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