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502 Palmer Street

502 Palmer Street, Stewartsville, NJ 08886
Property in Warren
Sold May 24, 2013
$175,000
$140,000 by Residential Home Mortgage Corp
Mortgage Due Jun 01, 2043
Sold Sep 28, 2010
$165,500
$132,400 by Coldwell Banker Home Loans
Mortgage Due Oct 01, 2040
502 Palmer Street has been categorized by the local assessors in Stewartsville, NJ as a residential type of property. The building on the property was first built in 1952 and is 72 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 502 Palmer Street has 1,740 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 24,829 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. 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. 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, 502 Palmer Street sold most recently in May 21, 2013 for a total of $175,000. If you work out the math, that's approximately a cost of $100.57 per sqft. Before that, the property was also sold for $165,500 in Sep 16, 2010. 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 $5,426 in taxes each year. 502 Palmer Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $156,200. If we break it down further, the land itself was valued at $39,600. Improvements to the property, however, were assessed at a total of $116,600. 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: 1952
  • Effective Year Built: 1952
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 24,829
  • Total Building Area: 1,740
  • Building Area: 1,740
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,740
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.57
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : SHERMAN BENJAMIN E
  • Current Owner 2: SHERMAN DANIELLE M
  • Previous Owner : DROPP CHARLES M
  • Previous Owner 2: DROPP RENEANNE M
  • Owner Before Previous Owner: NALUWE LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Greenwich Township School District
  • Census Tract: 032102

Geography

  • Assessors Map Reference: TAX MAP 3.01
  • District: 07
  • Parcel: 07 00011-0000-00006
  • Block: 11
  • Lot: 6
  • Municipality: GREENWICH TWP
  • Latitude: 40.7033
  • Longitude: -75.1213

    Address

  • Full Address: 502 Palmer St
  • Address - House Number: 502
  • Address - Street Name: Palmer
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Stewartsville
  • Carrier Code: R001
  • 4-Digit Zip Code: 2125
  • Zip Code: 08886

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,426

    Appraisal Valuation

  • Standard Deviation: 0.2072
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 369,365
  • High Value: 445,926
  • Low Value: 292,805

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $140,000
  • First Open Lien Mortgage Lender: RESIDENTIAL HOME MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: May 24, 2013
  • First Open Lien Mortgage Loan Amount: $140,000
  • 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: Jun 01, 2043

    Market Valuation

  • Market Total Value: $156,200
  • Market Land Value: $39,600
  • Market Improvement Value: $116,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $156,200
  • Assessed Land Value: $39,600
  • Assessed Improvements Value: $116,600

    Sales

  • Current Sale Contract Date: May 21, 2013
  • Current Sale Recording Date: May 24, 2013
  • Current Sale Transaction ID: 1192920261
  • Current Sale Price: $175,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2013-408203
  • Previous Sale Recording Date: Sep 28, 2010
  • Previous Sale Contract Date: Sep 16, 2010
  • Previous Sale Amount: $165,500
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: RESIDENTIAL HOME MORTGAGE CORP
  • First Mortgage Transaction Date: May 24, 2013
  • First Mortgage Loan Amount: $140,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2043

    Previous Mortgages

  • Previous Mortgage Lender: COLDWELL BANKER HOME LOANS
  • Previous Mortgage Transaction Date: Sep 28, 2010
  • Previous Mortgage Loan Amount: $132,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2040

About Upper Stewartsville



Similar Buildings

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Nearby Rentals

Unit for rent at 759 Rt57 759-761, Greenwich Twp., NJ, 08886

$1,500 /mo

  • 1 Bed
  • 1 Bath
759 Rt57 759-761 #A, Greenwich Twp., NJ, 08886 Listing by ALEXANDER GOLDMAN SPANJA

Frequently Asked Questions

What neighborhood is 502 Palmer Street located in?
The 502 Palmer Street is a located in the neighborhood of Warren in Upper Stewartsville, Stewartsville.
What is the average sales price for listings in 502 Palmer Street?
The average sales price for units in 502 Palmer Street is $0 currently.

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