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51 Hedges Avenue

51 Hedges Avenue, Chatham, NJ 07928
Property in Morris
Sold Mar 30, 2021
$1,100,000
$674,000 by Guaranteed Rate Inc
Mortgage Due Apr 01, 2051
51 Hedges Avenue has been categorized by the local assessors in Chatham, NJ as a residential type of property. The building on the property was first built in 2018 and is 6 years old. The building has a total of 2 stories. In addition, 51 Hedges Avenue has 2,352 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,560 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 7,802 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, 51 Hedges Avenue sold most recently in Mar 11, 2021 for a total of $1,100,000. If you work out the math, that's approximately a cost of $467.69 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 $22,793 in taxes each year. 51 Hedges Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,466,700. If we break it down further, the land itself was valued at $564,800. Improvements to the property, however, were assessed at a total of $901,900. The property's total assessed value has been marked as more than the total market value which is pretty atypical. 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: 2018
  • Effective Year Built: 2018
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,802
  • Lot Size Depth Feet: 1,560
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,352
  • Building Area: 2,352
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,352
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.179
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : COLEMAN JENNA
  • Current Owner 2: COLEMAN JOSHUA
  • Previous Owner : EFM BUILDERS LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: The Chathams School District
  • Census Tract: 042700

Zoning

  • Zoning: R-3

Geography

  • Account Number: 20451007
  • District: 04
  • Parcel: 04 00054-0000-00054
  • Block: 54
  • Lot: 54
  • Municipality: CHATHAM BORO
  • Latitude: 40.7429
  • Longitude: -74.3762

    Address

  • Full Address: 51 Hedges Ave
  • Address - House Number: 51
  • Address - Street Name: Hedges
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Chatham
  • Carrier Code: C002
  • 4-Digit Zip Code: 2503
  • Zip Code: 07928

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $22,793

    Appraisal Valuation

  • Standard Deviation: 0.1686
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 78
  • Final Value: 1,347,353
  • High Value: 1,574,573
  • Low Value: 1,120,132

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $674,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Mar 30, 2021
  • First Open Lien Mortgage Loan Amount: $674,000
  • 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: Apr 01, 2051

    Market Valuation

  • Market Total Value: $1,365,896
  • Market Land Value: $525,982
  • Market Improvement Value: $839,914

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,466,700
  • Assessed Land Value: $564,800
  • Assessed Improvements Value: $901,900

    Sales

  • Current Sale Contract Date: Mar 11, 2021
  • Current Sale Recording Date: Mar 30, 2021
  • Current Sale Transaction ID: 11828389274
  • Current Sale Price: $1,100,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021032059

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Mar 30, 2021
  • First Mortgage Loan Amount: $674,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2051

About Chatham



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Frequently Asked Questions

What neighborhood is 51 Hedges Avenue located in?
The 51 Hedges Avenue is a located in the neighborhood of Morris in Chatham, Chatham.
What is the average sales price for listings in 51 Hedges Avenue?
The average sales price for units in 51 Hedges Avenue is $0 currently.

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