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51 Liberty Way

51 Liberty Way, South Bound Brook, NJ 08880
Property in Somerset
Sold Aug 20, 2019
$327,500
$321,567 by Greenway Mortgage Funding Corp
Mortgage Due Sep 01, 2049
Sold Sep 01, 2006
$404,764
$323,800 by K Hovnanian American Mtg Llc
Mortgage
51 Liberty Way in South Bound Brook, NJ was first built in 2006 and is 18 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a condo style. 51 Liberty Way has 2,096 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 909 square feet.

Learn more about the property and building on this page. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 51 Liberty Way was last sold in Aug 8, 2019 for $327,500. According to our calculations, that's $156.25 per sqft. Prior to that sales transaction, the property was sold for $404,764 in Aug 25, 2006. Current property owners are expected to pay $0 in taxes per year. The property on 51 Liberty Way was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $320,000. To break that down further, the land itself was valued at $60,000. While improvements to the property were assessed at a total of $260,000. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. 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.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Bedroom Count: 0
  • Building Style: Condo
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 909
  • Total Building Area: 2,096
  • Building Area: 2,096
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,096
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.02
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: FACILITY NAME: URBAN RENEWAL

Ownership

  • Current Owner : CARDOSO KARINA
  • Previous Owner : MARZOCCA DEAN G
  • Owner Before Previous Owner: MATZEL & MUMFORD AT SOUTH BOUN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: South Bound Brook Borough School District
  • Census Tract: 053000

Geography

  • District: 19
  • Parcel: 19 00057- 01-00006- 05-CONDO
  • Block: 57.01
  • Lot: 6.05
  • Municipality: SO BOUND BROOK BORO
  • Latitude: 40.5582
  • Longitude: -74.5273

    Address

  • Full Address: 51 Liberty Way
  • Address - House Number: 51
  • Address - Street Name: Liberty
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: South Bound Brook
  • Carrier Code: C003
  • 4-Digit Zip Code: 1494
  • Zip Code: 08880

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $0

    Appraisal Valuation

  • Standard Deviation: 0.1438
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 481,166
  • High Value: 550,385
  • Low Value: 411,947

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $321,567
  • First Open Lien Mortgage Lender: GREENWAY MORTGAGE FUNDING CORP
  • First Open Lien Mortgage Recording Date: Aug 20, 2019
  • First Open Lien Mortgage Loan Amount: $321,567
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2049

    Market Valuation

  • Market Total Value: $418,300
  • Market Land Value: $78,431
  • Market Improvement Value: $339,869

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $320,000
  • Assessed Land Value: $60,000
  • Assessed Improvements Value: $260,000

    Sales

  • Current Sale Contract Date: Aug 08, 2019
  • Current Sale Recording Date: Aug 20, 2019
  • Current Sale Transaction ID: 11644995876
  • Current Sale Price: $327,500
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2019030526
  • Previous Sale Recording Date: Sep 01, 2006
  • Previous Sale Contract Date: Aug 25, 2006
  • Previous Sale Amount: $404,764
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: GREENWAY MORTGAGE FUNDING CORP
  • First Mortgage Transaction Date: Aug 20, 2019
  • First Mortgage Loan Amount: $321,567
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Sep 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: K HOVNANIAN AMERICAN MTG LLC
  • Previous Mortgage Transaction Date: Sep 01, 2006
  • Previous Mortgage Loan Amount: $323,800

About South Bound Brook



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Frequently Asked Questions

What neighborhood is 51 Liberty Way located in?
The 51 Liberty Way is a located in the neighborhood of Somerset in South Bound Brook, South Bound Brook.
What is the average sales price for listings in 51 Liberty Way?
The average sales price for units in 51 Liberty Way is $0 currently.

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