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537 Elm Street

537 Elm Street, Westfield, NJ 07090
Property in Union
Sold Nov 18, 2020
$1,590,000
$1,260,000 by Nexera Holding Llc
Mortgage Due Sep 01, 2050
Sold Jul 19, 2004
$930,000
$675,000 by Wells Fargo Bk
Mortgage
Local assessors in Westfield, NJ have categorized 537 Elm Street as a residential type of property. The home was built in 1899 and is 125 years old. The property's lot size has been calculated to be 15,002 square feet. The linear feet between the front and back of the lot was measured at 2,000 ft and the front of the lot was measured at 750 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a colonial style. This is a 3 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 537 Elm Street has a total of 3,933 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. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. 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. 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, 537 Elm Street sold most recently in Aug 27, 2020 for a total of $1,590,000. If you work out the math, that's approximately a cost of $404.27 per sqft. Before that, the property was also sold for $930,000 in Jul 14, 2004. 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 $27,471 in taxes each year. 537 Elm Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,245,300. If we break it down further, the land itself was valued at $709,400. Improvements to the property, however, were assessed at a total of $535,900. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1899
  • Effective Year Built: 1899
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Colonial
  • Floor Count: 3
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 15,002
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 3,933
  • Building Area: 3,933
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,933
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.344
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : PRANKE RICHARD
  • Current Owner 2: PRANKE PATRICIA
  • Previous Owner : LEMBERG MARC J
  • Previous Owner 2: BARTON LEMBURG JAMIE
  • Owner Before Previous Owner: CATALDO ANDREW J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Westfield Town School District
  • Census Tract: 036500

Geography

  • District: 20
  • Parcel: 20 01002-0000-00015
  • Block: 1002
  • Lot: 15
  • Municipality: WESTFIELD TOWN
  • Latitude: 40.6558
  • Longitude: -74.3563

    Address

  • Full Address: 537 Elm St
  • Address - House Number: 537
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Westfield
  • Carrier Code: C051
  • 4-Digit Zip Code: 3107
  • Zip Code: 07090

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $27,471

    Appraisal Valuation

  • Standard Deviation: 0.2249
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 68
  • Final Value: 1,838,666
  • High Value: 2,252,278
  • Low Value: 1,425,053

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,496,250
  • First Open Lien Mortgage Lender: NEXERA HOLDING LLC
  • First Open Lien Mortgage Recording Date: Nov 18, 2020
  • First Open Lien Mortgage Loan Amount: $1,260,000
  • 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: Sep 01, 2050
  • Second Open Lien Mortgage Lender: QUORUM FEDERAL CU
  • Second Open Lien Mortgage Recording Date: Feb 11, 2021
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $236,250
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Feb 01, 2051

    Market Valuation

  • Market Total Value: $1,245,300
  • Market Land Value: $709,400
  • Market Improvement Value: $535,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,245,300
  • Assessed Land Value: $709,400
  • Assessed Improvements Value: $535,900

    Sales

  • Current Sale Contract Date: Aug 27, 2020
  • Current Sale Recording Date: Nov 18, 2020
  • Current Sale Transaction ID: 11814964256
  • Current Sale Price: $1,590,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 330353
  • Previous Sale Recording Date: Jul 19, 2004
  • Previous Sale Contract Date: Jul 14, 2004
  • Previous Sale Amount: $930,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: NEXERA HOLDING LLC
  • First Mortgage Transaction Date: Nov 18, 2020
  • First Mortgage Loan Amount: $1,260,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BK
  • Previous Mortgage Transaction Date: Jul 19, 2004
  • Previous Mortgage Loan Amount: $675,000
  • Previous Mortgage Term: 360

About Westfield



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Nearby Rentals

Unit for rent at

$1,900 /mo

  • 1 Bed
  • 1 Bath

Frequently Asked Questions

What neighborhood is 537 Elm Street located in?
The 537 Elm Street is a located in the neighborhood of Union in Westfield, Westfield.
What is the average sales price for listings in 537 Elm Street?
The average sales price for units in 537 Elm Street is $0 currently.

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