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40 Grant Avenue

40 Grant Avenue, Somerville, NJ 08876
Property in Somerset
Sold Apr 28, 2016
$352,000
$281,600 by Peapack Gladstone Bank
Mortgage Due May 01, 2046
Sold Aug 04, 1997
$182,000
$145,000 by Phh Mtg
Mortgage
Local assessors in Somerville, NJ have categorized 40 Grant Avenue as a residential type of property. The home was built in 1875 and is 149 years old. The property's lot size has been calculated to be 13,125 square feet. The linear feet between the front and back of the lot was measured at 1,750 ft and the front of the lot was measured at 750 ft. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 40 Grant Avenue has a total of 2,048 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The property was last sold in Apr 14, 2016 for $352,000. That's $171.88 per sqft. Prior to that sales transaction, the property was also sold in Aug 1, 1997 for $182,000. 40 Grant Avenue was last assessed in 2023. The total value of the property was assessed at $324,400. Specifically, the land the property is located on was valued at $145,100. While improvements on the property were assessed at a total of $179,300. 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 $12,528. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1875
  • Effective Year Built: 1875
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 13,125
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,048
  • Building Area: 2,048
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,048
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.301
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : NICHOLL BARRY J
  • Current Owner 2: NICHOLL SARAH
  • Previous Owner : HERZOG MICAHEL
  • Previous Owner 2: HERZOG PATRICIA I
  • Owner Before Previous Owner: DRAKE ROBERT
  • 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 00039-0000-00016
  • Block: 39
  • Lot: 16
  • Municipality: SOMERVILLE BORO
  • Latitude: 40.5664
  • Longitude: -74.5981

    Address

  • Full Address: 40 Grant Ave
  • Address - House Number: 40
  • Address - Street Name: Grant
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Somerville
  • Carrier Code: C014
  • 4-Digit Zip Code: 2511
  • Zip Code: 08876

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $12,528

    Appraisal Valuation

  • Standard Deviation: 0.1928
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 74
  • Final Value: 571,569
  • High Value: 681,785
  • Low Value: 461,353

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $281,600
  • First Open Lien Mortgage Lender: PEAPACK GLADSTONE BANK
  • First Open Lien Mortgage Recording Date: Apr 28, 2016
  • First Open Lien Mortgage Loan Amount: $281,600
  • 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: May 01, 2046

    Market Valuation

  • Market Total Value: $430,924
  • Market Land Value: $192,747
  • Market Improvement Value: $238,177

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $324,400
  • Assessed Land Value: $145,100
  • Assessed Improvements Value: $179,300

    Sales

  • Current Sale Contract Date: Apr 14, 2016
  • Current Sale Recording Date: Apr 28, 2016
  • Current Sale Transaction ID: 1953532052
  • Current Sale Price: $352,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2016015971
  • Previous Sale Recording Date: Aug 04, 1997
  • Previous Sale Contract Date: Aug 01, 1997
  • Previous Sale Amount: $182,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: PEAPACK GLADSTONE BANK
  • First Mortgage Transaction Date: Apr 28, 2016
  • First Mortgage Loan Amount: $281,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: PHH MTG
  • Previous Mortgage Transaction Date: Aug 04, 1997
  • Previous Mortgage Loan Amount: $145,000
  • Previous Mortgage Term: 360

About Somerville



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Frequently Asked Questions

What neighborhood is 40 Grant Avenue located in?
The 40 Grant Avenue is a located in the neighborhood of Somerset in Somerville, Somerville.
What is the average sales price for listings in 40 Grant Avenue?
The average sales price for units in 40 Grant Avenue is $0 currently.

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