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5 Watchung Crest Drive

5 Watchung Crest Drive, Watchung, NJ 07069
Property in Somerset
Sold Sep 02, 2021
$632,000
$1,000,000 by Fulton Bank Na
Mortgage Due Mar 17, 2052
Sold Nov 16, 2020
$632,000
$637,200 by Fulton Bank Na
Mortgage Due Nov 01, 2050
5 Watchung Crest Drive has been categorized by the local assessors in Watchung, NJ as a residential type of property. The building on the property was first built in 2007 and is 17 years old. The building has a total of 2 stories. In addition, 5 Watchung Crest Drive has 6,392 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 27,443 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 Watchung Crest Drive was last sold in Oct 27, 2020 for $632,000. According to our calculations, that's $98.87 per sqft. Prior to that sales transaction, the property was sold for $632,000 in Oct 27, 2020. Current property owners are expected to pay $23,512 in taxes per year. The property on 5 Watchung Crest Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,152,000. To break that down further, the land itself was valued at $284,600. While improvements to the property were assessed at a total of $867,400. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 27,443
  • Lot Size Frontage Feet: 3,090
  • Total Building Area: 6,392
  • Building Area: 6,392
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 6,392
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.63
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : SABHARWAL ANIL
  • Current Owner 2: SABHARWAL SURBHI
  • Previous Owner : SABBARWAL ANIL
  • Previous Owner 2: SABBARWAL SURBHI
  • Owner Before Previous Owner: SABHARWAL ANIL
  • Owner Before Previous Owner 2: SABHARWAL SURBHI
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Watchung Borough School District
  • Census Tract: 052201

Zoning

  • Zoning: RML3

Geography

  • Assessors Map Reference: TAX MAP 13
  • Account Number: S001
  • District: 21
  • Parcel: 21 04304-0000-00017- 14
  • Block: 4304
  • Lot: 17.14
  • Municipality: WATCHUNG BORO
  • Latitude: 40.6523
  • Longitude: -74.4496

    Address

  • Full Address: 5 Watchung Crest Dr
  • Address - House Number: 5
  • Address - Street Name: Watchung Crest
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Watchung
  • Carrier Code: C071
  • 4-Digit Zip Code: 5439
  • Zip Code: 07069

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $23,512

    Appraisal Valuation

  • Standard Deviation: 0.1412
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 83
  • Final Value: 1,215,202
  • High Value: 1,386,830
  • Low Value: 1,043,575

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,000,000
  • First Open Lien Mortgage Lender: FULTON BANK NA
  • First Open Lien Mortgage Recording Date: Mar 17, 2022
  • First Open Lien Mortgage Loan Amount: $1,000,000
  • 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: Mar 17, 2052

    Market Valuation

  • Market Total Value: $1,150,734
  • Market Land Value: $284,287
  • Market Improvement Value: $866,447

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,152,000
  • Assessed Land Value: $284,600
  • Assessed Improvements Value: $867,400

    Sales

  • Current Sale Contract Date: Oct 27, 2020
  • Current Sale Recording Date: Sep 02, 2021
  • Current Sale Transaction ID: 11854108658
  • Current Sale Price: $632,000
  • Current Sale Document Type: Re-recorded Document
  • Current Sale Input Document Number: 2021053345
  • Previous Sale Recording Date: Nov 16, 2020
  • Previous Sale Contract Date: Oct 27, 2020
  • Previous Sale Amount: $632,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: FULTON BANK NA
  • Previous Mortgage Transaction Date: Nov 16, 2020
  • Previous Mortgage Loan Amount: $637,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2050

About Watchung



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Frequently Asked Questions

What neighborhood is 5 Watchung Crest Drive located in?
The 5 Watchung Crest Drive is a located in the neighborhood of Somerset in Watchung, Watchung.
What is the average sales price for listings in 5 Watchung Crest Drive?
The average sales price for units in 5 Watchung Crest Drive is $0 currently.

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