5 Vela Way

5 Vela Way in Edgewater, NJ was first built in 2007 and is 17 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a townhouse style. 5 Vela Way has 3,617 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. In total, the area measurement of the land is 1,510 square feet.

Learn more about the property and building on this page. The property was last sold in Jul 31, 2023 for $1,275,000. That's $352.50 per sqft. Prior to that sales transaction, the property was also sold in Sep 26, 2008 for $1,350,000. 5 Vela Way was last assessed in 2023. The total value of the property was assessed at $1,189,400. Specifically, the land the property is located on was valued at $540,000. While improvements on the property were assessed at a total of $649,400. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $18,944. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.