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467 Orchard Street

467 Orchard Street, Rahway, NJ 07065
Property in Union
Sold May 29, 2020
$365,000
$292,000 by Crosscountry Mortgage Llc
Mortgage Due Jun 01, 2050
Sold Apr 09, 2001
$126,000
$94,500 by Sib Mtg Corp
Mortgage Due May 01, 2031
467 Orchard Street in Rahway, NJ was first built in 1941 and is 83 years old. This has been categorized as a residential property type. 467 Orchard Street has 1,245 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 540 ft and the linear feet between the front and back of the lot is 900. In total, the area measurement of the land is 4,861 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the 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, 467 Orchard Street sold most recently in May 27, 2020 for a total of $365,000. If you work out the math, that's approximately a cost of $293.17 per sqft. Before that, the property was also sold for $126,000 in Apr 4, 2001. 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 $12,185 in taxes each year. 467 Orchard Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $169,900. If we break it down further, the land itself was valued at $62,600. Improvements to the property, however, were assessed at a total of $107,300. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1941
  • Effective Year Built: 1941
  • Bedroom Count: 0
  • Construction Type: Frame
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,861
  • Lot Size Depth Feet: 900
  • Lot Size Frontage Feet: 540
  • Total Building Area: 1,245
  • Building Area: 1,245
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,245
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.112
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : HEFFERNAN PATRICK W
  • Previous Owner : PEROSI VICTOR A
  • Previous Owner 2: PEROSI MICHELLE F
  • Owner Before Previous Owner: MANGANIELLO THOMAS
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Rahway City School District
  • Census Tract: 035700

Geography

  • Account Number: 05952000
  • District: 13
  • Parcel: 13 00027-0000-00011
  • Block: 27
  • Lot: 11
  • Municipality: RAHWAY CITY
  • Latitude: 40.5999
  • Longitude: -74.2953

    Address

  • Full Address: 467 Orchard St
  • Address - House Number: 467
  • Address - Street Name: Orchard
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Rahway
  • Carrier Code: C024
  • 4-Digit Zip Code: 2420
  • Zip Code: 07065

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $12,185

    Appraisal Valuation

  • Standard Deviation: 0.2204
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 543,621
  • High Value: 663,450
  • Low Value: 423,793

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $292,000
  • First Open Lien Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: May 29, 2020
  • First Open Lien Mortgage Loan Amount: $292,000
  • 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: Jun 01, 2050

    Market Valuation

  • Market Total Value: $169,900
  • Market Land Value: $62,600
  • Market Improvement Value: $107,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $169,900
  • Assessed Land Value: $62,600
  • Assessed Improvements Value: $107,300

    Sales

  • Current Sale Contract Date: May 27, 2020
  • Current Sale Recording Date: May 29, 2020
  • Current Sale Transaction ID: 11763435513
  • Current Sale Price: $365,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 324773
  • Previous Sale Recording Date: Apr 09, 2001
  • Previous Sale Contract Date: Apr 04, 2001
  • Previous Sale Amount: $126,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • First Mortgage Transaction Date: May 29, 2020
  • First Mortgage Loan Amount: $292,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: SIB MTG CORP
  • Previous Mortgage Transaction Date: Apr 09, 2001
  • Previous Mortgage Loan Amount: $94,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: May 01, 2031

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Frequently Asked Questions

What neighborhood is 467 Orchard Street located in?
The 467 Orchard Street is a located in the neighborhood of Union in Rahway, Rahway.
What is the average sales price for listings in 467 Orchard Street?
The average sales price for units in 467 Orchard Street is $0 currently.

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