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48 Stedwick Drive

48 Stedwick Drive, Budd Lake, NJ 07828
Property in Morris
Sold Aug 18, 2021
$240,000
$180,000 by Guaranteed Rate Inc
Mortgage Due Jun 01, 2051
Sold Mar 05, 1999
$94,000
$91,000 by Eastern American Mtg Co
Mortgage Due Feb 01, 2029
Local assessors in Budd Lake, NJ have categorized 48 Stedwick Drive as a residential type of property. The home was built in 1979 and is 45 years old. The property's lot size has been calculated to be 537,400 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. If we look only at the heated or air conditioned part of the building, then 48 Stedwick Drive has a total of 1,400 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. 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, 48 Stedwick Drive sold most recently in May 7, 2021 for a total of $240,000. If you work out the math, that's approximately a cost of $171.43 per sqft. Before that, the property was also sold for $94,000 in Jan 22, 1999. 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 $5,371 in taxes each year. 48 Stedwick Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $163,400. If we break it down further, the land itself was valued at $62,100. Improvements to the property, however, were assessed at a total of $101,300. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1979
  • Effective Year Built: 1979
  • Bedroom Count: 2
  • Building Style: Condo
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 537,400
  • Total Building Area: 1,400
  • Building Area: 1,400
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,400
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: STEDWICK AT EAST VILLAGE I
  • Land Acres: 12.337
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: ADDITIONAL LOTS: B29-2 L4,CJ48

Ownership

  • Current Owner : LAUTERBACH BRIAN
  • Current Owner 2: LAUTERBACH TARA
  • Previous Owner : RASTOGI BHARTI
  • Owner Before Previous Owner: MARRONE MARGARET
  • Owner Before Previous Owner 2: KEVIN LONG E
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Mount Olive Township School District
  • Census Tract: 046104

Zoning

  • Zoning: R-5

Geography

  • Assessors Map Reference: TAX MAP 781
  • Account Number: 1094
  • District: 27
  • Parcel: 27 07801-0000-00004-0000-CJ48
  • Block: 7801
  • Lot: 4
  • Municipality: MOUNT OLIVE TWP
  • Latitude: 40.8534
  • Longitude: -74.7476

    Address

  • Full Address: 48 Stedwick Dr
  • Address - House Number: 48
  • Address - Street Name: Stedwick
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Budd Lake
  • Carrier Code: C008
  • 4-Digit Zip Code: 3731
  • Zip Code: 07828

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,371

    Appraisal Valuation

  • Standard Deviation: 0.1655
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 79
  • Final Value: 287,303
  • High Value: 334,853
  • Low Value: 239,752

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $180,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Aug 18, 2021
  • First Open Lien Mortgage Loan Amount: $180,000
  • 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, 2051

    Market Valuation

  • Market Total Value: $198,422
  • Market Land Value: $75,410
  • Market Improvement Value: $123,012

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $163,400
  • Assessed Land Value: $62,100
  • Assessed Improvements Value: $101,300

    Sales

  • Current Sale Contract Date: May 07, 2021
  • Current Sale Recording Date: Aug 18, 2021
  • Current Sale Transaction ID: 11850783959
  • Current Sale Price: $240,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021069211
  • Previous Sale Recording Date: Mar 05, 1999
  • Previous Sale Contract Date: Jan 22, 1999
  • Previous Sale Amount: $94,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Aug 18, 2021
  • First Mortgage Loan Amount: $180,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: EASTERN AMERICAN MTG CO
  • Previous Mortgage Transaction Date: Mar 05, 1999
  • Previous Mortgage Loan Amount: $91,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Feb 01, 2029

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Frequently Asked Questions

What neighborhood is 48 Stedwick Drive located in?
The 48 Stedwick Drive is a located in the neighborhood of Morris in Morris, Budd Lake.
What is the average sales price for listings in 48 Stedwick Drive?
The average sales price for units in 48 Stedwick Drive is $0 currently.

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