Check Availability

5 William Penn Road

5 William Penn Road, Warren, NJ 07059
Property in Somerset
Sold Sep 02, 2014
$1,200,000
$960,000 by American Federal Mortgage Corp
Mortgage Due Sep 01, 2044
Sold Jun 17, 2010
$1,100,000
$417,000 by Wells Fargo Bank Na
Mortgage Due Jul 01, 2040
5 William Penn Road has been categorized by the local assessors in Warren, NJ as a residential type of property. The building on the property was first built in 1995 and is 29 years old. The building has a total of 2 stories. In addition, 5 William Penn Road has 4,199 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 65,340 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 4 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. The property was last sold in Aug 14, 2014 for $1,200,000. That's $285.78 per sqft. Prior to that sales transaction, the property was also sold in Jun 4, 2010 for $1,100,000. 5 William Penn Road was last assessed in 2023. The total value of the property was assessed at $1,147,300. Specifically, the land the property is located on was valued at $450,800. While improvements on the property were assessed at a total of $696,500. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $22,235. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 65,340
  • Total Building Area: 4,199
  • Building Area: 4,199
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,199
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 1.5
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : REDDY PONNOLU MADHUSUDHANA
  • Current Owner 2: JEEREDDY BHAVANI
  • Previous Owner : GARGANO ANTHONY P
  • Previous Owner 2: GARGANO ANTHONY P
  • Owner Before Previous Owner: BRENN KENNETH J
  • Owner Before Previous Owner 2: BRENN DOROTHY E
  • Ownership Rights Codes: Life Tenant
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Watchung Hills Regional School District
  • Census Tract: 052204

Zoning

  • Zoning: R65

Geography

  • Assessors Map Reference: TAX MAP 38
  • Account Number: 51710
  • District: 20
  • Parcel: 20 00036-0000-00008- 16
  • Block: 36
  • Lot: 8.16
  • Municipality: WARREN TWP
  • Latitude: 40.6428
  • Longitude: -74.5334

    Address

  • Full Address: 5 William Penn Rd
  • Address - House Number: 5
  • Address - Street Name: William Penn
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Warren
  • Carrier Code: C099
  • 4-Digit Zip Code: 5046
  • Zip Code: 07059

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $22,235

    Appraisal Valuation

  • Standard Deviation: 0.1516
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 81
  • Final Value: 1,547,770
  • High Value: 1,782,429
  • Low Value: 1,313,110

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,782,375
  • First Open Lien Mortgage Lender: AMERICAN FEDERAL MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Sep 02, 2014
  • First Open Lien Mortgage Loan Amount: $960,000
  • 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: Sep 01, 2044
  • Second Open Lien Mortgage Lender: QUICKEN LOANS LLC
  • Second Open Lien Mortgage Recording Date: Jun 22, 2021
  • Second Open Lien Mortgage Loan Amount: $822,375
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Feb 01, 2051

    Market Valuation

  • Market Total Value: $1,131,683
  • Market Land Value: $444,664
  • Market Improvement Value: $687,019

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,147,300
  • Assessed Land Value: $450,800
  • Assessed Improvements Value: $696,500

    Sales

  • Current Sale Contract Date: Aug 14, 2014
  • Current Sale Recording Date: Sep 02, 2014
  • Current Sale Transaction ID: 1216879613
  • Current Sale Price: $1,200,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2014032606
  • Previous Sale Recording Date: Jun 17, 2010
  • Previous Sale Contract Date: Jun 04, 2010
  • Previous Sale Amount: $1,100,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN FEDERAL MORTGAGE CORP
  • First Mortgage Transaction Date: Sep 02, 2014
  • First Mortgage Loan Amount: $960,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2044

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Jun 17, 2010
  • Previous Mortgage Loan Amount: $417,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2040

About Somerset



Similar Buildings

Property at 5 William Penn Road,

241 Potomac Drive

  • 1 Unit for Sale
241 Potomac Drive, Basking Ridge, NJ 07920 Other in Somerset
Property at 5 William Penn Road,

16 Old Forge Drive

  • 1 Unit for Sale
  • 2 Stories
16 Old Forge Drive, Warren, NJ 07059 House in Somerset

Nearby Rentals

Unit for rent at 68 Potomac Dr, Bernards Twp., NJ, 07920

$1,975 /mo

  • 1 Bed
  • 1 Bath
68 Potomac Dr, Bernards Twp., NJ, 07920 Listing by CHARLES J. HENDERSHOT
Unit for rent at 94 Jamestown Rd, Bernards Twp., NJ, 07920

$1,900 /mo

  • 1 Bed
  • 1 Bath
94 Jamestown Rd, Bernards Twp., NJ, 07920 Listing by GALE SAUCHELLI

Frequently Asked Questions

What neighborhood is 5 William Penn Road located in?
The 5 William Penn Road is a located in the neighborhood of Somerset in Somerset, Warren.
What is the average sales price for listings in 5 William Penn Road?
The average sales price for units in 5 William Penn Road is $0 currently.

Quantcast