Check Availability

516 Main Street

516 Main Street, Landing, NJ 07850
Property in Morris
Sold Jun 09, 2016
$1,126,000
$284,900 by Absolute Home Mortgage Corpora
Mortgage Due Jul 01, 2052
Sold Feb 25, 2015
$190,000
$183,658 by Absolute Home Mortgage Corp
Mortgage Due Mar 01, 2045
Local assessors in Landing, NJ have categorized 516 Main Street as a residential type of property. The home was built in 1950 and is 74 years old. The property's lot size has been calculated to be 11,199 square feet. The linear feet between the front and back of the lot was measured at 1,400 ft and the front of the lot was measured at 800 ft. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 516 Main Street has a total of 1,518 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this 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, 516 Main Street was last sold in May 16, 2016 for $1,126,000. According to our calculations, that's $741.77 per sqft. Prior to that sales transaction, the property was sold for $190,000 in Feb 12, 2015. Current property owners are expected to pay $7,098 in taxes per year. The property on 516 Main Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $262,300. To break that down further, the land itself was valued at $86,400. While improvements to the property were assessed at a total of $175,900. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 1950
  • Effective Year Built: 1950
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 11,199
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,518
  • Building Area: 1,518
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,518
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.257
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : 516 520 MAIN STREET LLC
  • Previous Owner : FORTUNATO PATRICIA
  • Owner Before Previous Owner: LIN WEN JUN
  • Owner Before Previous Owner 2: WANG LUXIA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Roxbury Township School District
  • Census Tract: 045402

Zoning

  • Zoning: R-4

Geography

  • Assessors Map Reference: TAX MAP D1SE
  • Account Number: 31735005
  • District: 36
  • Parcel: 36 10302-0000-00021
  • Block: 10302
  • Lot: 21
  • Municipality: ROXBURY TWP
  • Latitude: 40.9041
  • Longitude: -74.6864

    Address

  • Full Address: 516 Main St
  • Address - House Number: 516
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Landing
  • Carrier Code: C004
  • 4-Digit Zip Code: 1018
  • Zip Code: 07850

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,098

    Appraisal Valuation

  • Standard Deviation: 0.1907
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 74
  • Final Value: 417,582
  • High Value: 497,248
  • Low Value: 337,916

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $284,900
  • First Open Lien Mortgage Lender: ABSOLUTE HOME MORTGAGE CORPORA
  • First Open Lien Mortgage Recording Date: Aug 18, 2022
  • First Open Lien Mortgage Loan Amount: $284,900
  • 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: Jul 01, 2052

    Market Valuation

  • Market Total Value: $319,177
  • Market Land Value: $105,135
  • Market Improvement Value: $214,042

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $262,300
  • Assessed Land Value: $86,400
  • Assessed Improvements Value: $175,900

    Sales

  • Current Sale Contract Date: May 16, 2016
  • Current Sale Recording Date: Jun 09, 2016
  • Current Sale Transaction ID: 1870669165
  • Current Sale Price: $1,126,000
  • Current Sale Document Type: Executor's Deed
  • Current Sale Input Document Number: 2016033271
  • Previous Sale Recording Date: Feb 25, 2015
  • Previous Sale Contract Date: Feb 12, 2015
  • Previous Sale Amount: $190,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: ABSOLUTE HOME MORTGAGE CORP
  • Previous Mortgage Transaction Date: Feb 25, 2015
  • Previous Mortgage Loan Amount: $183,658
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Mar 01, 2045

About Morris



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 566 Main St, Roxbury Twp., NJ, 07850

$2,500 /mo

  • 2 Beds
  • 1 Bath
566 Main St #568, Roxbury Twp., NJ, 07850 Listing by CARLOS CORONA
Unit for rent at 21 Jenny Lind St, Netcong Boro, NJ, 07857

$2,330 /mo

  • 2 Beds
  • 1 Bath
21 Jenny Lind St, Netcong Boro, NJ, 07857 Listing by MARIAN RYAN BLOETE
Unit for rent at 12 Union St, Netcong Boro, NJ, 07857

$2,450 /mo

  • 2 Beds
  • 1 Bath
12 Union St, Netcong Boro, NJ, 07857 Listing by RADINA VILASCO
Unit for rent at 462 Audubon Ct, Stanhope Boro, NJ, 07874

$2,400 /mo

  • 1 Bed
  • 1 Bath
462 Audubon Ct #62, Stanhope Boro, NJ, 07874 Listing by ELA DOMANSKI
Unit for rent at 48 Vail Rd, Roxbury Twp., NJ, 07850

$2,000 /mo

  • 2 Beds
  • 1 Bath
48 Vail Rd, Roxbury Twp., NJ, 07850 Listing by ADAM KAMENMAN
Unit for rent at 535 Vail Rd, Roxbury Twp., NJ, 07850

$3,800 /mo

  • 4 Beds
  • 2 Baths
535 Vail Rd, Roxbury Twp., NJ, 07850 Listing by LORI JAIYESIMI
Unit for rent at 2 Flanders Rd, Netcong Boro, NJ, 07857

$2,050 /mo

  • 1 Bed
  • 1 Bath
2 Flanders Rd #210, Netcong Boro, NJ, 07857 Listing by MARY ANN E. ACCARDO

Frequently Asked Questions

What neighborhood is 516 Main Street located in?
The 516 Main Street is a located in the neighborhood of Morris in Morris, Landing.
What is the average sales price for listings in 516 Main Street?
The average sales price for units in 516 Main Street is $0 currently.

Quantcast