5 Lafayette Drive

5 Lafayette Drive has been categorized by the local assessors in Cedar Grove, NJ as a residential type of property. The building on the property was first built in 2001 and is 23 years old. The building has a total of 2 stories. In addition, 5 Lafayette Drive has 3,021 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 15,329 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. For the features and amenities located on the property. There is a garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 5 Lafayette Drive was last sold in Aug 2, 2016 for $780,000. According to our calculations, that's $258.19 per sqft. Prior to that sales transaction, the property was sold for $550,000 in Jan 8, 2001. Current property owners are expected to pay $19,948 in taxes per year. The property on 5 Lafayette Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $778,000. To break that down further, the land itself was valued at $365,200. While improvements to the property were assessed at a total of $412,800. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.