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408 New Market Avenue

408 New Market Avenue, South Plainfield, NJ 07080
Multifamily in Middlesex
Sold Apr 21, 2021
$375,000
$368,207 by American Financial Network Inc
Mortgage Due May 01, 2051
408 New Market Avenue in South Plainfield, NJ was first built in 1745 and is 279 years old. This has been categorized as a residential property type. 408 New Market Avenue has 2,040 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 1,000 ft and the linear feet between the front and back of the lot is 1,070. In total, the area measurement of the land is 10,700 square feet.

Learn more about the property and building on this page. The property was last sold in Mar 19, 2021 for $375,000. That's $183.82 per sqft. 408 New Market Avenue was last assessed in 2023. The total value of the property was assessed at $113,500. Specifically, the land the property is located on was valued at $34,800. While improvements on the property were assessed at a total of $78,700. 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 $7,485. 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! 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: 1745
  • Effective Year Built: 1745
  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,700
  • Lot Size Depth Feet: 1,070
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,040
  • Building Area: 2,040
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,040
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PLAINFIELD TERRACE
  • Land Acres: 0.246
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : BURNS DORIS
  • Previous Owner : ELMASRY HAMADA M
  • Previous Owner 2: MAILMOUD MAHA
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: South Plainfield Borough School District
  • Census Tract: 001003

Zoning

  • Zoning: M3

Geography

  • Assessors Map Reference: TAX MAP 28
  • District: 22
  • Parcel: 22 00332-0000-00001
  • Block: 332
  • Lot: 1
  • Municipality: SOUTH PLAINFIELD BORO
  • Latitude: 40.5774
  • Longitude: -74.4176

    Address

  • Full Address: 408 New Market Ave
  • Address - House Number: 408
  • Address - Street Name: New Market
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: South Plainfield
  • Carrier Code: C022
  • 4-Digit Zip Code: 3330
  • Zip Code: 07080

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,485

    Appraisal Valuation

  • Standard Deviation: 0.1991
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 536,304
  • High Value: 643,102
  • Low Value: 429,506

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $368,207
  • First Open Lien Mortgage Lender: AMERICAN FINANCIAL NETWORK INC
  • First Open Lien Mortgage Recording Date: Apr 21, 2021
  • First Open Lien Mortgage Loan Amount: $368,207
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: May 01, 2051

    Market Valuation

  • Market Total Value: $113,500
  • Market Land Value: $34,800
  • Market Improvement Value: $78,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $113,500
  • Assessed Land Value: $34,800
  • Assessed Improvements Value: $78,700

    Sales

  • Current Sale Contract Date: Mar 19, 2021
  • Current Sale Recording Date: Apr 21, 2021
  • Current Sale Transaction ID: 11833079326
  • Current Sale Price: $375,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2021054708

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN FINANCIAL NETWORK INC
  • First Mortgage Transaction Date: Apr 21, 2021
  • First Mortgage Loan Amount: $368,207
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: May 01, 2051

About South Plainfield



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Nearby Rentals

Unit for rent at

$2,152 /mo

  • 1 Bed
  • 1 Bath
  • 764 ft²
Listing by Equity Residential

Frequently Asked Questions

What neighborhood is 408 New Market Avenue located in?
The 408 New Market Avenue is a multifamily located in the neighborhood of Middlesex in South Plainfield, South Plainfield.
What is the average sales price for listings in 408 New Market Avenue?
The average sales price for units in 408 New Market Avenue is $369,000 currently.

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