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508 Reading Circle

508 Reading Circle, Bridgewater, NJ 08807
Property in Somerset
Sold Dec 22, 2020
$420,000
$260,000 by Jpmorgan Chase Bank Na
Mortgage Due Jan 01, 2036
508 Reading Circle in Bridgewater, NJ was first built in 1989 and is 35 years old. This has been categorized as a residential property type. 508 Reading Circle has 1,704 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. In total, the area measurement of the land is 1,218 square feet.

Learn more about the property and building on this page. 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, 508 Reading Circle sold most recently in Dec 3, 2020 for a total of $420,000. If you work out the math, that's approximately a cost of $246.48 per sqft. 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 $8,444 in taxes each year. 508 Reading Circle was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $425,400. If we break it down further, the land itself was valued at $175,000. Improvements to the property, however, were assessed at a total of $250,400. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1989
  • Effective Year Built: 1989
  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,218
  • Total Building Area: 1,704
  • Building Area: 1,704
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,704
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.028
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : ZHOU JIAN
  • Current Owner 2: GE SHUFAN
  • Previous Owner : KOZLOWSKI THEODORE
  • Previous Owner 2: KOZLOWSKI MARLA
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Bridgewater-Raritan Regional School District
  • Census Tract: 050704

Zoning

  • Zoning: MDU8

Geography

  • Assessors Map Reference: TAX MAP 3.03
  • Account Number: S001
  • District: 06
  • Parcel: 06 00164- 05-00508
  • Block: 164.05
  • Lot: 508
  • Municipality: BRIDGEWATER TWP
  • Latitude: 40.5803
  • Longitude: -74.6664

    Address

  • Full Address: 508 Reading Cir
  • Address - House Number: 508
  • Address - Street Name: Reading
  • Address - Suffix Type: Cir
  • State: NJ
  • City Name: Bridgewater
  • Carrier Code: C047
  • 4-Digit Zip Code: 7022
  • Zip Code: 08807

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,444

    Appraisal Valuation

  • Standard Deviation: 0.1415
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 83
  • Final Value: 546,978
  • High Value: 624,386
  • Low Value: 469,570

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $260,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Dec 22, 2020
  • First Open Lien Mortgage Loan Amount: $260,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2036

    Market Valuation

  • Market Total Value: $438,874
  • Market Land Value: $180,543
  • Market Improvement Value: $258,331

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $425,400
  • Assessed Land Value: $175,000
  • Assessed Improvements Value: $250,400

    Sales

  • Current Sale Contract Date: Dec 03, 2020
  • Current Sale Recording Date: Dec 22, 2020
  • Current Sale Transaction ID: 11809660380
  • Current Sale Price: $420,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2020066813

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Dec 22, 2020
  • First Mortgage Loan Amount: $260,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2036

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Frequently Asked Questions

What neighborhood is 508 Reading Circle located in?
The 508 Reading Circle is a located in the neighborhood of Somerset in Bradley Gardens, Bridgewater.
What is the average sales price for listings in 508 Reading Circle?
The average sales price for units in 508 Reading Circle is $0 currently.

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