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5 Mountain Way

5 Mountain Way, West Orange, NJ 07052
Property in Essex
Sold Jul 01, 2005
$27,500
Owner
$293,000 by First Financial Equities Inc
Mortgage Due Jan 01, 2036
Sold Feb 08, 1999
$154,500
$147,890 by Wmc
Mortgage
5 Mountain Way has been categorized by the local assessors in West Orange, NJ as a residential type of property. The building on the property was first built in 1951 and is 73 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 5 Mountain Way has 1,286 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,310 ft and across the front of the lot is 555 ft. The area measurement of the land has been determined as 7,275 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 is one available parking space. 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 Mountain Way was last sold in Jul 1, 2005 for $27,500. According to our calculations, that's $21.38 per sqft. Prior to that sales transaction, the property was sold for $154,500 in Nov 18, 1998. Current property owners are expected to pay $12,876 in taxes per year. The property on 5 Mountain Way was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $290,200. To break that down further, the land itself was valued at $149,500. While improvements to the property were assessed at a total of $140,700. 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. 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.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,275
  • Lot Size Depth Feet: 1,310
  • Lot Size Frontage Feet: 555
  • Total Building Area: 1,286
  • Building Area: 1,286
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,286
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.167
  • Standard Land Use Code: Single family residential

Ownership

  • Owner Before Previous Owner: LEE SUNG YOUN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: West Orange Town School District
  • Census Tract: 018000

Zoning

  • Zoning: R-5

Geography

  • Assessors Map Reference: TAX MAP 3
  • District: 22
  • Parcel: 22 00045- 05-00005
  • Block: 45.05
  • Lot: 5
  • Municipality: WEST ORANGE TWP
  • Latitude: 40.7651
  • Longitude: -74.2638

    Address

  • Full Address: 5 Mountain Way
  • Address - House Number: 5
  • Address - Street Name: Mountain
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: West Orange
  • Carrier Code: C032
  • 4-Digit Zip Code: 3742
  • Zip Code: 07052

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $12,876

    Appraisal Valuation

  • Standard Deviation: 0.2144
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 70
  • Final Value: 510,822
  • High Value: 620,379
  • Low Value: 401,265

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $384,300
  • First Open Lien Mortgage Lender: FIRST FINANCIAL EQUITIES INC
  • First Open Lien Mortgage Recording Date: Dec 20, 2005
  • First Open Lien Mortgage Loan Amount: $293,000
  • 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: Jan 01, 2036
  • Second Open Lien Mortgage Lender: WACHOVIA BANK NA
  • Second Open Lien Mortgage Recording Date: Nov 16, 2006
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $91,300
  • Second Open Lien Mortgage Term: 478
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Oct 16, 2046

    Market Valuation

  • Market Total Value: $290,200
  • Market Land Value: $149,500
  • Market Improvement Value: $140,700

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $290,200
  • Assessed Land Value: $149,500
  • Assessed Improvements Value: $140,700

    Sales

  • Current Sale Contract Date: Jul 01, 2005
  • Current Sale Recording Date: Jul 01, 2005
  • Current Sale Transaction ID: 11551876844
  • Current Sale Price: $27,500
  • Current Sale Document Type: Quit Claim Deed
  • Previous Sale Recording Date: Feb 08, 1999
  • Previous Sale Contract Date: Nov 18, 1998
  • Previous Sale Amount: $154,500
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: WMC
  • Previous Mortgage Transaction Date: Feb 08, 1999
  • Previous Mortgage Loan Amount: $147,890
  • Previous Mortgage Term: 360

About Essex



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Frequently Asked Questions

What neighborhood is 5 Mountain Way located in?
The 5 Mountain Way is a located in the neighborhood of Essex in Essex, West Orange.
What is the average sales price for listings in 5 Mountain Way?
The average sales price for units in 5 Mountain Way is $0 currently.

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