505 Washington Street

505 Washington Street in Gibbstown, NJ was first built in 1918 and is 106 years old. This has been categorized as a residential property type. There are a total of 2 floors. 505 Washington Street has 1,629 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. The linear feet across the front of the lot is 750 ft and the linear feet between the front and back of the lot is 1,020. In total, the area measurement of the land is 7,649 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know 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, 505 Washington Street sold most recently in May 5, 2003 for a total of $126,000. If you work out the math, that's approximately a cost of $77.35 per sqft. Before that, the property was also sold for $62,589 in Aug 30, 2002. 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 $4,534 in taxes each year. 505 Washington Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $139,000. If we break it down further, the land itself was valued at $28,800. Improvements to the property, however, were assessed at a total of $110,200. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.