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51 Sagamore Road

51 Sagamore Road, Millburn, NJ 07041
Property in Essex
Sold Nov 04, 2020
$1,325,000
$1,060,000 by Jpmorgan Chase Bank Na
Mortgage Due Nov 01, 2050
Sold Dec 10, 1998
$295,000
51 Sagamore Road in Millburn, NJ was first built in 1951 and is 73 years old. This has been categorized as a residential property type. There are a total of 2 floors. 51 Sagamore Road has 2,398 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 870 ft and the linear feet between the front and back of the lot is 2,630. In total, the area measurement of the land is 22,882 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. 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 Sagamore Road was last sold in Oct 29, 2020 for $1,325,000. According to our calculations, that's $552.54 per sqft. Prior to that sales transaction, the property was sold for $295,000 in Sep 21, 1998. Current property owners are expected to pay $17,376 in taxes per year. The property on 51 Sagamore Road was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $894,300. To break that down further, the land itself was valued at $536,100. While improvements to the property were assessed at a total of $358,200. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay 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: 1951
  • Effective Year Built: 1951
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 22,882
  • Lot Size Depth Feet: 2,630
  • Lot Size Frontage Feet: 870
  • Total Building Area: 2,398
  • Building Area: 2,398
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,398
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.525
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : RAJU RAKESH
  • Current Owner 2: RAJU MONA MEHTA
  • Previous Owner : BUZSAKI GYORGY
  • Previous Owner 2: SOLT VERONIKA
  • Owner Before Previous Owner: VICTOR JAMES
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Millburn Township School District
  • Census Tract: 020200

Geography

  • Assessors Map Reference: TAX MAP 1
  • District: 12
  • Parcel: 12 00101-0000-00002
  • Block: 101
  • Lot: 2
  • Municipality: MILLBURN TWP
  • Latitude: 40.7354
  • Longitude: -74.2889

    Address

  • Full Address: 51 Sagamore Rd
  • Address - House Number: 51
  • Address - Street Name: Sagamore
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Millburn
  • Carrier Code: C008
  • 4-Digit Zip Code: 2101
  • Zip Code: 07041

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $17,376

    Appraisal Valuation

  • Standard Deviation: 0.2144
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 70
  • Final Value: 1,168,448
  • High Value: 1,419,046
  • Low Value: 917,850

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,060,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Nov 04, 2020
  • First Open Lien Mortgage Loan Amount: $1,060,000
  • 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: Nov 01, 2050

    Market Valuation

  • Market Total Value: $894,300
  • Market Land Value: $536,100
  • Market Improvement Value: $358,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $894,300
  • Assessed Land Value: $536,100
  • Assessed Improvements Value: $358,200

    Sales

  • Current Sale Contract Date: Oct 29, 2020
  • Current Sale Recording Date: Nov 04, 2020
  • Current Sale Transaction ID: 11805307866
  • Current Sale Price: $1,325,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2020109203
  • Previous Sale Recording Date: Dec 10, 1998
  • Previous Sale Contract Date: Sep 21, 1998
  • Previous Sale Amount: $295,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Nov 04, 2020
  • First Mortgage Loan Amount: $1,060,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

About Essex



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Frequently Asked Questions

What neighborhood is 51 Sagamore Road located in?
The 51 Sagamore Road is a located in the neighborhood of Essex in Essex, Millburn.
What is the average sales price for listings in 51 Sagamore Road?
The average sales price for units in 51 Sagamore Road is $0 currently.

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