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407 Northwood Way

407 Northwood Way, Palisades Park, NJ 07650
Property in Bergen
Sold Apr 21, 2020
$460,000
$322,000 by Finance Of America Mortgage Ll
Mortgage Due Apr 01, 2050
Local assessors in Palisades Park, NJ have categorized 407 Northwood Way as a residential type of property. The home was built in 1957 and is 67 years old. The property's lot size has been calculated to be 5,367 square feet. The linear feet between the front and back of the lot was measured at 880 ft and the front of the lot was measured at 610 ft. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 407 Northwood Way has a total of 1,488 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. Lots of brick were used in the construction of the exterior walls of the home. 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, 407 Northwood Way sold most recently in Mar 10, 2020 for a total of $460,000. If you work out the math, that's approximately a cost of $309.14 per sqft. 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 $8,224 in taxes each year. 407 Northwood Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $576,500. If we break it down further, the land itself was valued at $412,800. Improvements to the property, however, were assessed at a total of $163,700. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1957
  • Effective Year Built: 1957
  • Bedroom Count: 0
  • Exterior Walls Type: Brick
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,367
  • Lot Size Depth Feet: 880
  • Lot Size Frontage Feet: 610
  • Total Building Area: 1,488
  • Building Area: 1,488
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,488
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.123
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : LI STEPHEN SHU
  • Current Owner 2: LI ROSITA OI
  • Previous Owner : ORECCHIO JOSEPH
  • Previous Owner 2: ORECCHIO TAITU
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Palisades Park Borough School District
  • Census Tract: 041301

Zoning

  • Zoning: AA

Geography

  • Account Number: 111030
  • District: 45
  • Parcel: 45 00716-0000-00011
  • Block: 716
  • Lot: 11
  • Municipality: PALISADES PARK BORO
  • Latitude: 40.8386
  • Longitude: -73.9908

    Address

  • Full Address: 407 Northwood Way
  • Address - House Number: 407
  • Address - Street Name: Northwood
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Palisades Park
  • Carrier Code: C017
  • 4-Digit Zip Code: 1921
  • Zip Code: 07650

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,224

    Appraisal Valuation

  • Standard Deviation: 0.2058
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 72
  • Final Value: 729,386
  • High Value: 879,537
  • Low Value: 579,235

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $322,000
  • First Open Lien Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • First Open Lien Mortgage Recording Date: Apr 21, 2020
  • First Open Lien Mortgage Loan Amount: $322,000
  • 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: Apr 01, 2050

    Market Valuation

  • Market Total Value: $576,500
  • Market Land Value: $412,800
  • Market Improvement Value: $163,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $576,500
  • Assessed Land Value: $412,800
  • Assessed Improvements Value: $163,700

    Sales

  • Current Sale Contract Date: Mar 10, 2020
  • Current Sale Recording Date: Apr 21, 2020
  • Current Sale Transaction ID: 11802111406
  • Current Sale Price: $460,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 20-041473

    Last Sale Mortgage

  • First Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • First Mortgage Transaction Date: Apr 21, 2020
  • First Mortgage Loan Amount: $322,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2050

About Palisades Park



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Frequently Asked Questions

What neighborhood is 407 Northwood Way located in?
The 407 Northwood Way is a located in the neighborhood of Bergen in Palisades Park, Palisades Park.
What is the average sales price for listings in 407 Northwood Way?
The average sales price for units in 407 Northwood Way is $0 currently.

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