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40 Possum Way

40 Possum Way, New Providence, NJ 07974
Property in Union
Sold Aug 24, 2009
$700,000
$370,000 by Phh Home Loans Llc
Mortgage Due Jan 01, 2031
40 Possum Way has been categorized by the local assessors in New Providence, NJ as a residential type of property. The building on the property was first built in 1961 and is 63 years old. The building has a total of 2 stories. In addition, 40 Possum Way has 2,300 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 16,509 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. 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. The property was last sold in Aug 19, 2009 for $700,000. That's $304.35 per sqft. 40 Possum Way was last assessed in 2023. The total value of the property was assessed at $362,300. Specifically, the land the property is located on was valued at $162,900. While improvements on the property were assessed at a total of $199,400. 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 $18,140. 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. 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: 1961
  • Effective Year Built: 1961
  • 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: 16,509
  • Total Building Area: 2,300
  • Building Area: 2,300
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,300
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.379
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : SEU RUI
  • Current Owner 2: LEW SARA
  • Previous Owner : BERMAN MICHAEL R
  • Previous Owner 2: BERMAN VINCENZA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: New Providence Borough School District
  • Census Tract: 038101

Zoning

  • Zoning: R1

Geography

  • Account Number: 00380300
  • District: 11
  • Parcel: 11 00380-0000-00014
  • Block: 380
  • Lot: 14
  • Municipality: NEW PROVIDENCE BORO
  • Latitude: 40.6832
  • Longitude: -74.4091

    Address

  • Full Address: 40 Possum Way
  • Address - House Number: 40
  • Address - Street Name: Possum
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: New Providence
  • Carrier Code: C014
  • 4-Digit Zip Code: 1214
  • Zip Code: 07974

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $18,140

    Appraisal Valuation

  • Standard Deviation: 0.2129
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 985,197
  • High Value: 1,195,010
  • Low Value: 775,384

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $370,000
  • First Open Lien Mortgage Lender: PHH HOME LOANS LLC
  • First Open Lien Mortgage Recording Date: Jan 12, 2016
  • First Open Lien Mortgage Loan Amount: $370,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2031

    Market Valuation

  • Market Total Value: $362,300
  • Market Land Value: $162,900
  • Market Improvement Value: $199,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $362,300
  • Assessed Land Value: $162,900
  • Assessed Improvements Value: $199,400

    Sales

  • Current Sale Contract Date: Aug 19, 2009
  • Current Sale Recording Date: Aug 24, 2009
  • Current Sale Transaction ID: 1103643149
  • Current Sale Price: $700,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 207659

    Last Sale Mortgage

  • First Mortgage Lender: ERA MORTGAGE
  • First Mortgage Transaction Date: Aug 24, 2009
  • First Mortgage Loan Amount: $400,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2039

About New Providence



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$1,900 /mo

  • 1 Bed
  • 1 Bath
Unit for rent at

$850 /mo

  • 3 Beds
  • 1 Bath
  • 800 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 40 Possum Way located in?
The 40 Possum Way is a located in the neighborhood of Union in New Providence, New Providence.
What is the average sales price for listings in 40 Possum Way?
The average sales price for units in 40 Possum Way is $0 currently.

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