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43 Spring Garden Drive

43 Spring Garden Drive, Madison, NJ 07940
Property in Morris
Sold Feb 11, 2021
$621,220
$496,900 by Cardinal Financial Company Lp
Mortgage Due Feb 01, 2051
Local assessors in Madison, NJ have categorized 43 Spring Garden Drive as a residential type of property. The home was built in 1966 and is 58 years old. The property's lot size has been calculated to be 10,080 square feet. The linear feet between the front and back of the lot was measured at 1,120 ft and the front of the lot was measured at 900 ft. 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 43 Spring Garden Drive has a total of 1,780 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 are 2 available parking spaces so it's a great situation for those with more than one car. 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. 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, 43 Spring Garden Drive sold most recently in Jan 11, 2021 for a total of $621,220. If you work out the math, that's approximately a cost of $349.00 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 $10,744 in taxes each year. 43 Spring Garden Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $521,800. If we break it down further, the land itself was valued at $315,700. Improvements to the property, however, were assessed at a total of $206,100. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1966
  • Effective Year Built: 1966
  • 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: 10,080
  • Lot Size Depth Feet: 1,120
  • Lot Size Frontage Feet: 900
  • Total Building Area: 1,780
  • Building Area: 1,780
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,780
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.231
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : FALCONE RICHARD JOSEPH
  • Current Owner 2: FALCONE ANNE STOWELL
  • Previous Owner : DOBBS PATRICIA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Madison Borough School District
  • Census Tract: 043000

Zoning

  • Zoning: R-3

Geography

  • District: 17
  • Parcel: 17 02208-0000-00005
  • Block: 2208
  • Lot: 5
  • Municipality: MADISON BORO
  • Latitude: 40.7558
  • Longitude: -74.4012

    Address

  • Full Address: 43 Spring Garden Dr
  • Address - House Number: 43
  • Address - Street Name: Spring Garden
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Madison
  • Carrier Code: C006
  • 4-Digit Zip Code: 2253
  • Zip Code: 07940

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,744

    Appraisal Valuation

  • Standard Deviation: 0.1688
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 78
  • Final Value: 815,375
  • High Value: 953,083
  • Low Value: 677,668

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $496,900
  • First Open Lien Mortgage Lender: CARDINAL FINANCIAL COMPANY LP
  • First Open Lien Mortgage Recording Date: Feb 11, 2021
  • First Open Lien Mortgage Loan Amount: $496,900
  • 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: Feb 01, 2051

    Market Valuation

  • Market Total Value: $640,009
  • Market Land Value: $387,219
  • Market Improvement Value: $252,790

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $521,800
  • Assessed Land Value: $315,700
  • Assessed Improvements Value: $206,100

    Sales

  • Current Sale Contract Date: Jan 11, 2021
  • Current Sale Recording Date: Feb 11, 2021
  • Current Sale Transaction ID: 11825232088
  • Current Sale Price: $621,220
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021011820

    Last Sale Mortgage

  • First Mortgage Lender: CARDINAL FINANCIAL COMPANY LP
  • First Mortgage Transaction Date: Feb 11, 2021
  • First Mortgage Loan Amount: $496,900
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2051

About Madison



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Frequently Asked Questions

What neighborhood is 43 Spring Garden Drive located in?
The 43 Spring Garden Drive is a located in the neighborhood of Morris in Madison, Madison.
What is the average sales price for listings in 43 Spring Garden Drive?
The average sales price for units in 43 Spring Garden Drive is $656,000 currently.

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