5 Homespun Court

5 Homespun Court has been categorized by the local assessors in Mahwah, NJ as a residential type of property. The building on the property was first built in 1992 and is 32 years old. In addition, 5 Homespun Court has 3,510 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 22,651 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page 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, 5 Homespun Court sold most recently in Aug 25, 2016 for a total of $930,000. If you work out the math, that's approximately a cost of $264.96 per sqft. Before that, the property was also sold for $285,000 in Apr 24, 2013. 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 $16,823 in taxes each year. 5 Homespun Court was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $853,100. If we break it down further, the land itself was valued at $401,300. Improvements to the property, however, were assessed at a total of $451,800. 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.