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40 Portland Road

40 Portland Road, Summit, NJ 07901
Property in Union
Sold Aug 18, 2014
$2,400,000
$1,500,000 by Td Bank Na
Mortgage Due Sep 01, 2044
Local assessors in Summit, NJ have categorized 40 Portland Road as a residential type of property. The home was built in 1958 and is 66 years old. The property's lot size has been calculated to be 29,229 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a Cape Cod style. 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 Portland Road has a total of 4,997 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. 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. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. The property was last sold in Aug 4, 2014 for $2,400,000. That's $480.29 per sqft. 40 Portland Road was last assessed in 2023. The total value of the property was assessed at $1,000,000. Specifically, the land the property is located on was valued at $361,200. While improvements on the property were assessed at a total of $638,800. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $43,270. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. 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: 1958
  • Effective Year Built: 1958
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Cape Cod
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 29,229
  • Total Building Area: 4,997
  • Building Area: 4,997
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,997
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.671
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : VISCOVICH STEPHEN J
  • Current Owner 2: VISCOVICH TARA
  • Previous Owner : KELLER JOHN M
  • Previous Owner 2: KELLER JANET C
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Summit City School District
  • Census Tract: 037900

Zoning

  • Zoning: R15

Geography

  • Assessors Map Reference: TAX MAP 30
  • District: 18
  • Parcel: 18 03005-0000-00027
  • Block: 3005
  • Lot: 27
  • Municipality: SUMMIT CITY
  • Latitude: 40.7051
  • Longitude: -74.379

    Address

  • Full Address: 40 Portland Rd
  • Address - House Number: 40
  • Address - Street Name: Portland
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Summit
  • Carrier Code: C014
  • 4-Digit Zip Code: 3044
  • Zip Code: 07901

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $43,270

    Appraisal Valuation

  • Standard Deviation: 0.1997
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 2,120,638
  • High Value: 2,544,140
  • Low Value: 1,697,137

    Open Liens

  • Total Open Liens: 4
  • Total Open Liens Amount: $4,194,760
  • First Open Lien Mortgage Lender: TD BANK NA
  • First Open Lien Mortgage Recording Date: Aug 18, 2014
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,500,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2044
  • Second Open Lien Mortgage Lender: TD BANK NA
  • Second Open Lien Mortgage Recording Date: Aug 18, 2014
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $659,760
  • 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: Sep 01, 2044
  • Third Open Lien Mortgage Lender: KEYBANK NATIONAL ASSOCIATION
  • Third Open Lien Mortgage Recording Date: Feb 23, 2022
  • Third Open Lien Mortgage Financing Type: Adjustable Rate
  • Third Open Lien Mortgage Loan Amount: $1,235,000
  • Third Open Lien Mortgage Term: 360
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: New Conventional
  • Third Open Lien Mortgage Loan Due Date: Jan 01, 2052
  • Fourth Open Lien Mortgage Lender: KEYBANK NATIONAL ASSOCIATION
  • Fourth Open Lien Mortgage Recording Date: Apr 20, 2022
  • Fourth Open Lien Mortgage Loan Amount: $800,000
  • Fourth Open Lien Mortgage Term: 360
  • Fourth Open Lien Mortgage Position: 4
  • Fourth Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Fourth Open Lien Mortgage Loan Due Date: Apr 11, 2052

    Market Valuation

  • Market Total Value: $1,000,000
  • Market Land Value: $361,200
  • Market Improvement Value: $638,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,000,000
  • Assessed Land Value: $361,200
  • Assessed Improvements Value: $638,800

    Sales

  • Current Sale Contract Date: Aug 04, 2014
  • Current Sale Recording Date: Aug 18, 2014
  • Current Sale Transaction ID: 1166224200
  • Current Sale Price: $2,400,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 253510

    Last Sale Mortgage

  • First Mortgage Lender: TD BANK NA
  • First Mortgage Transaction Date: Aug 18, 2014
  • First Mortgage Loan Amount: $1,500,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Sep 01, 2044
  • Second Mortgage Lender: TD BANK NA
  • Second Mortgage Transaction Date: Aug 18, 2014
  • Second Current Mortgage Financing Type: Variable
  • Second Mortgage Loan Amount: $659,760
  • Second Mortgage Terms: 360
  • Second Mortgage Loan Type: Credit Line (Revolving)
  • Second Mortgage Loan Due Date: Aug 07, 2044

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Frequently Asked Questions

What neighborhood is 40 Portland Road located in?
The 40 Portland Road is a located in the neighborhood of Union in Summit, Summit.
What is the average sales price for listings in 40 Portland Road?
The average sales price for units in 40 Portland Road is $0 currently.

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