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524 Laurel Road

524 Laurel Road, Ridgewood, NJ 07450
Property in Bergen
Sold Jan 06, 2022
$1,350,000
$975,000 by Fairway Independent Mortgage C
Mortgage Due Jan 01, 2052
Sold Nov 23, 2021
$615,000
$798,750 by Unity Bank
Mortgage Due Feb 01, 2023
524 Laurel Road has been categorized by the local assessors in Ridgewood, NJ as a residential type of property. The building on the property was first built in 1920 and is 104 years old. The building has a total of 3 stories. In addition, 524 Laurel Road has 2,955 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 1,500 ft and across the front of the lot is 600 ft. The area measurement of the land has been determined as 9,017 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a Cape Cod style.

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. The exterior walls of the building are made of alum/vinyl siding. 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, 524 Laurel Road was last sold in Dec 10, 2021 for $1,350,000. According to our calculations, that's $456.85 per sqft. Prior to that sales transaction, the property was sold for $615,000 in Jan 13, 2021. Current property owners are expected to pay $22,282 in taxes per year. The property on 524 Laurel Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $815,300. To break that down further, the land itself was valued at $311,000. While improvements to the property were assessed at a total of $504,300. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1920
  • Effective Year Built: 1920
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Cape Cod
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 3
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 9,017
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,955
  • Building Area: 2,955
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,955
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.207
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : KEARNS EUGENE CHRISTOPHER
  • Current Owner 2: KEARNS CATHERINE ELLEN
  • Previous Owner : JGLD REAL ESTATE LLC
  • Owner Before Previous Owner: REILLY KEVIN
  • Owner Before Previous Owner 2: FALLON MARY A
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Ridgewood Village School District
  • Census Tract: 047500

Zoning

  • Zoning: R2

Geography

  • District: 51
  • Parcel: 51 04308-0000-00004
  • Block: 4308
  • Lot: 4
  • Municipality: RIDGEWOOD VILLAGE
  • Latitude: 40.9691
  • Longitude: -74.1052

    Address

  • Full Address: 524 Laurel Rd
  • Address - House Number: 524
  • Address - Street Name: Laurel
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Ridgewood
  • Carrier Code: C010
  • 4-Digit Zip Code: 5212
  • Zip Code: 07450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $22,282

    Appraisal Valuation

  • Standard Deviation: 0.1945
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 1,231,551
  • High Value: 1,471,129
  • Low Value: 991,972

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $975,000
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Jan 06, 2022
  • First Open Lien Mortgage Loan Amount: $975,000
  • 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: Jan 01, 2052

    Market Valuation

  • Market Total Value: $815,300
  • Market Land Value: $311,000
  • Market Improvement Value: $504,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $815,300
  • Assessed Land Value: $311,000
  • Assessed Improvements Value: $504,300

    Sales

  • Current Sale Contract Date: Dec 10, 2021
  • Current Sale Recording Date: Jan 06, 2022
  • Current Sale Transaction ID: 11880294573
  • Current Sale Price: $1,350,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2303
  • Previous Sale Recording Date: Nov 23, 2021
  • Previous Sale Contract Date: Jan 13, 2021
  • Previous Sale Amount: $615,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Jan 06, 2022
  • First Mortgage Loan Amount: $975,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: UNITY BANK
  • Previous Mortgage Transaction Date: Nov 23, 2021
  • Previous Mortgage Loan Amount: $798,750
  • Previous Mortgage Term: 14
  • Previous Mortgage Loan Type: Building or Construction Loan
  • Previous Mortgage Loan Due Date: Feb 01, 2023

About Ridgewood



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Frequently Asked Questions

What neighborhood is 524 Laurel Road located in?
The 524 Laurel Road is a located in the neighborhood of Bergen in Ridgewood, Ridgewood.
What is the average sales price for listings in 524 Laurel Road?
The average sales price for units in 524 Laurel Road is $0 currently.

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