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50 Rawley Place

50 Rawley Place, Millburn, NJ 07041
Property in Essex
Sold Sep 27, 2021
$1,240,000
$990,000 by Guaranteed Rate Affinity Llc
Mortgage Due Oct 01, 2051
Sold Mar 14, 2005
$545,000
$436,000 by Pinnacle Mortgage Inc
Mortgage Due Apr 01, 2035
Local assessors in Millburn, NJ have categorized 50 Rawley Place as a residential type of property. The home was built in 1925 and is 99 years old. The property's lot size has been calculated to be 7,349 square feet. The linear feet between the front and back of the lot was measured at 1,500 ft and the front of the lot was measured at 490 ft. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 50 Rawley Place has a total of 2,789 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 50 Rawley Place sold most recently in Aug 24, 2021 for a total of $1,240,000. If you work out the math, that's approximately a cost of $444.60 per sqft. Before that, the property was also sold for $545,000 in Mar 8, 2005. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $17,705 in taxes each year. 50 Rawley Place was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $911,200. If we break it down further, the land itself was valued at $518,800. Improvements to the property, however, were assessed at a total of $392,400. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,349
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 490
  • Total Building Area: 2,789
  • Building Area: 2,789
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,789
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.169
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : MEHROTRA RAJAT
  • Current Owner 2: MEHROTRA DIVYA
  • Previous Owner : MURPHY MARTIN
  • Previous Owner 2: ROMERO MARIA
  • Owner Before Previous Owner: BISIG JEFFREY
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Millburn Township School District
  • Census Tract: 020200

Geography

  • Assessors Map Reference: TAX MAP 8
  • District: 12
  • Parcel: 12 00806-0000-00014
  • Block: 806
  • Lot: 14
  • Municipality: MILLBURN TWP
  • Latitude: 40.7227
  • Longitude: -74.3033

    Address

  • Full Address: 50 Rawley Pl
  • Address - House Number: 50
  • Address - Street Name: Rawley
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Millburn
  • Carrier Code: C004
  • 4-Digit Zip Code: 1518
  • Zip Code: 07041

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $17,705

    Appraisal Valuation

  • Standard Deviation: 0.2386
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 66
  • Final Value: 1,381,820
  • High Value: 1,711,542
  • Low Value: 1,052,098

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $990,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE AFFINITY LLC
  • First Open Lien Mortgage Recording Date: Sep 27, 2021
  • First Open Lien Mortgage Loan Amount: $990,000
  • 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: Oct 01, 2051

    Market Valuation

  • Market Total Value: $911,200
  • Market Land Value: $518,800
  • Market Improvement Value: $392,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $911,200
  • Assessed Land Value: $518,800
  • Assessed Improvements Value: $392,400

    Sales

  • Current Sale Contract Date: Aug 24, 2021
  • Current Sale Recording Date: Sep 27, 2021
  • Current Sale Transaction ID: 11859359171
  • Current Sale Price: $1,240,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021118266
  • Previous Sale Recording Date: Mar 14, 2005
  • Previous Sale Contract Date: Mar 08, 2005
  • Previous Sale Amount: $545,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE AFFINITY LLC
  • First Mortgage Transaction Date: Sep 27, 2021
  • First Mortgage Loan Amount: $990,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: PINNACLE MORTGAGE INC
  • Previous Mortgage Transaction Date: Mar 14, 2005
  • Previous Mortgage Loan Amount: $436,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Apr 01, 2035

About Essex



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Frequently Asked Questions

What neighborhood is 50 Rawley Place located in?
The 50 Rawley Place is a located in the neighborhood of Essex in Essex, Millburn.
What is the average sales price for listings in 50 Rawley Place?
The average sales price for units in 50 Rawley Place is $0 currently.

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