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40 Wegman Parkway

40 Wegman Parkway, Jersey City, NJ 07305
Sold Dec 28, 2016
$248,000
$186,000 by Mb Financial Bank Na
Mortgage Due Nov 01, 2046
Sold May 16, 2014
$170,000
$166,920 by Ranaissance Lenders Inc
Mortgage Due Jun 01, 2044
40 Wegman Parkway has been categorized by the local assessors in Jersey City, NJ as a residential type of property. The building on the property was first built in 1911 and is 113 years old. The home has a total of 6 rooms. 6 of these rooms are legally considered as bedrooms. The building has a total of 2 stories. In addition, 40 Wegman Parkway has 1,972 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,070 ft and across the front of the lot is 270 ft. The area measurement of the land has been determined as 2,889 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a colonial 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. Residents will have the luxury of enjoying a open porch. 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. In terms of heating, it is utilizing a heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 40 Wegman Parkway sold most recently in Oct 28, 2016 for a total of $248,000. If you work out the math, that's approximately a cost of $125.76 per sqft. Before that, the property was also sold for $170,000 in Apr 30, 2014. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,292 in taxes each year. 40 Wegman Parkway was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $235,500. If we break it down further, the land itself was valued at $93,000. Improvements to the property, however, were assessed at a total of $142,500. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1911
  • Effective Year Built: 1911
  • Total Rooms: 6
  • Bedroom Count: 6
  • Construction Type: Frame
  • Building Style: Colonial
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Unspecified basement
  • Basement Area: 964
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 2,889
  • Lot Size Depth Feet: 1,070
  • Lot Size Frontage Feet: 270
  • Total Building Area: 1,972
  • Gross Building Area: 1,972
  • Building Area: 1,972
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 1,972
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.066
  • Standard Land Use Code: Duplex (2 units, any combination)

Ownership

  • Current Owner : LEVY MORDECHAI
  • Current Owner 2: LEVY MIRIAM
  • Previous Owner : HAMID SHAZIM
  • Owner Before Previous Owner: HARLKRISHIN KEVIN
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Jersey City School District
  • Census Tract: 005300

Geography

  • Assessors Map Reference: TAX MAP 241
  • Account Number: 00245621
  • District: 06
  • Parcel: 06 24102-0000-00059
  • Block: 24102
  • Lot: 59
  • Municipality: JERSEY CITY CITY
  • Latitude: 40.7026
  • Longitude: -74.0791

    Address

  • Full Address: 40 Wegman Pkwy
  • Address - House Number: 40
  • Address - Street Name: Wegman
  • Address - Suffix Type: Pkwy
  • State: NJ
  • City Name: Jersey City
  • Carrier Code: C026
  • 4-Digit Zip Code: 4250
  • Zip Code: 07305

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,292

    Appraisal Valuation

  • Standard Deviation: 0.2559
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 63
  • Final Value: 557,750
  • High Value: 700,502
  • Low Value: 414,998

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $186,000
  • First Open Lien Mortgage Lender: MB FINANCIAL BANK NA
  • First Open Lien Mortgage Recording Date: Dec 28, 2016
  • First Open Lien Mortgage Loan Amount: $186,000
  • 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, 2046

    Market Valuation

  • Market Total Value: $235,500
  • Market Land Value: $93,000
  • Market Improvement Value: $142,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $235,500
  • Assessed Land Value: $93,000
  • Assessed Improvements Value: $142,500

    Sales

  • Current Sale Contract Date: Oct 28, 2016
  • Current Sale Recording Date: Dec 28, 2016
  • Current Sale Transaction ID: 1806480427
  • Current Sale Price: $248,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 20161228010138850
  • Previous Sale Recording Date: May 16, 2014
  • Previous Sale Contract Date: Apr 30, 2014
  • Previous Sale Amount: $170,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: MB FINANCIAL BANK NA
  • First Mortgage Transaction Date: Dec 28, 2016
  • First Mortgage Loan Amount: $186,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: RANAISSANCE LENDERS INC
  • Previous Mortgage Transaction Date: May 16, 2014
  • Previous Mortgage Loan Amount: $166,920
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jun 01, 2044

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Frequently Asked Questions

What neighborhood is 40 Wegman Parkway located in?
The 40 Wegman Parkway is a located in the neighborhood of Bergen - Lafayette in Bergen - Lafayette, Jersey City.
What is the average sales price for listings in 40 Wegman Parkway?
The average sales price for units in 40 Wegman Parkway is $0 currently.

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