507 Orchard Avenue

Local assessors in Palisades Park, NJ have categorized 507 Orchard Avenue as a residential type of property. The home was built in 1960 and is 64 years old. The property's lot size has been calculated to be 5,001 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 500 ft. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 507 Orchard Avenue has a total of 1,862 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 are 2 available parking spaces so it's a great situation for those with more than one car. Lots of brick were used in the construction of the exterior walls of the home. 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, 507 Orchard Avenue sold most recently in Sep 30, 2010 for a total of $450,000. If you work out the math, that's approximately a cost of $241.68 per sqft. Before that, the property was also sold for $730,000 in Aug 1, 2006. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $10,564 in taxes each year. 507 Orchard Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $720,700. If we break it down further, the land itself was valued at $447,500. Improvements to the property, however, were assessed at a total of $273,200. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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.