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516 Bernard Avenue

516 Bernard Avenue, Linden, NJ 07036
Property in Union
Sold Feb 11, 2016
$242,900
$238,499 by Jersey Mortgage Co
Mortgage Due Feb 01, 2046
Sold Sep 17, 2002
$120,000
$114,000 by Metuchen Svgs Bk
Mortgage
516 Bernard Avenue has been categorized by the local assessors in Linden, NJ as a residential type of property. The building on the property was first built in 1928 and is 96 years old. The building has a total of 2 stories. In addition, 516 Bernard Avenue has 1,459 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 1,000 ft and across the front of the lot is 350 ft. The area measurement of the land has been determined as 3,498 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. For the features and amenities located on the property. There is a garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. 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, 516 Bernard Avenue sold most recently in Jan 25, 2016 for a total of $242,900. If you work out the math, that's approximately a cost of $166.48 per sqft. Before that, the property was also sold for $120,000 in Sep 10, 2002. 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 $8,116 in taxes each year. 516 Bernard Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $118,000. If we break it down further, the land itself was valued at $44,000. Improvements to the property, however, were assessed at a total of $74,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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: 1928
  • Effective Year Built: 1928
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,498
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 350
  • Total Building Area: 1,459
  • Building Area: 1,459
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,459
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.08
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: 240,21B/23A

Ownership

  • Current Owner : FARMER JAMES
  • Current Owner 2: INGRID RAMIREZ
  • Previous Owner : IRIZARRY ELISEO
  • Previous Owner 2: IRIZARRY MARIA
  • Owner Before Previous Owner: HARVEN MARY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Linden City School District
  • Census Tract: 034500

Geography

  • Assessors Map Reference: TAX MAP 90
  • District: 09
  • Parcel: 09 00028-0000-00018
  • Block: 28
  • Lot: 18
  • Municipality: LINDEN CITY
  • Latitude: 40.6495
  • Longitude: -74.2386

    Address

  • Full Address: 516 Bernard Ave
  • Address - House Number: 516
  • Address - Street Name: Bernard
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Linden
  • Carrier Code: C006
  • 4-Digit Zip Code: 1702
  • Zip Code: 07036

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,116

    Appraisal Valuation

  • Standard Deviation: 0.2271
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 499,691
  • High Value: 613,207
  • Low Value: 386,174

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $238,499
  • First Open Lien Mortgage Lender: JERSEY MORTGAGE CO
  • First Open Lien Mortgage Recording Date: Feb 11, 2016
  • First Open Lien Mortgage Loan Amount: $238,499
  • 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: Feb 01, 2046

    Market Valuation

  • Market Total Value: $118,000
  • Market Land Value: $44,000
  • Market Improvement Value: $74,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $118,000
  • Assessed Land Value: $44,000
  • Assessed Improvements Value: $74,000

    Sales

  • Current Sale Contract Date: Jan 25, 2016
  • Current Sale Recording Date: Feb 11, 2016
  • Current Sale Transaction ID: 11552015322
  • Current Sale Price: $242,900
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Sep 17, 2002
  • Previous Sale Contract Date: Sep 10, 2002
  • Previous Sale Amount: $120,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: JERSEY MORTGAGE CO
  • First Mortgage Transaction Date: Feb 11, 2016
  • First Mortgage Loan Amount: $238,499
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Feb 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: METUCHEN SVGS BK
  • Previous Mortgage Transaction Date: Sep 17, 2002
  • Previous Mortgage Loan Amount: $114,000
  • Previous Mortgage Term: 360

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Frequently Asked Questions

What neighborhood is 516 Bernard Avenue located in?
The 516 Bernard Avenue is a located in the neighborhood of Union in Linden, Linden.
What is the average sales price for listings in 516 Bernard Avenue?
The average sales price for units in 516 Bernard Avenue is $0 currently.

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