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54 Hoffman Avenue

54 Hoffman Avenue, Lake Hiawatha, NJ 07034
Property in Morris
Sold Aug 14, 2014
$297,500
$239,000 by Residential Home Funding Corp
Mortgage Due Nov 01, 2031
54 Hoffman Avenue has been categorized by the local assessors in Lake Hiawatha, NJ as a residential type of property. The building on the property was first built in 1940 and is 84 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 54 Hoffman Avenue has 1,222 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 1,200 ft and across the front of the lot is 800 ft. The area measurement of the land has been determined as 10,019 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 is one available parking space. 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, 54 Hoffman Avenue sold most recently in Aug 1, 2014 for a total of $297,500. If you work out the math, that's approximately a cost of $243.45 per sqft. 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 $7,254 in taxes each year. 54 Hoffman Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $214,500. If we break it down further, the land itself was valued at $129,000. Improvements to the property, however, were assessed at a total of $85,500. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1940
  • Effective Year Built: 1940
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,222
  • Building Area: 1,222
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,222
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.23
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: 766 1

Ownership

  • Current Owner : PRINGLE SCOTT
  • Current Owner 2: BENNETT ALLISON E
  • Previous Owner : MORTENSEN JOHN
  • Previous Owner 2: MORTENSEN PATRICIA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Parsippany-Troy Hills Township School District
  • Census Tract: 041702

Zoning

  • Zoning: R-4

Geography

  • Assessors Map Reference: TAX MAP 205
  • Account Number: 00201420
  • District: 29
  • Parcel: 29 00506-0000-00001
  • Block: 506
  • Lot: 1
  • Municipality: PARSIPPANY TR HLS TWP
  • Latitude: 40.8873
  • Longitude: -74.3783

    Address

  • Full Address: 54 Hoffman Ave
  • Address - House Number: 54
  • Address - Street Name: Hoffman
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Lake Hiawatha
  • Carrier Code: C003
  • 4-Digit Zip Code: 1915
  • Zip Code: 07034

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,254

    Appraisal Valuation

  • Standard Deviation: 0.1792
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 76
  • Final Value: 459,595
  • High Value: 541,973
  • Low Value: 377,216

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $239,000
  • First Open Lien Mortgage Lender: RESIDENTIAL HOME FUNDING CORP
  • First Open Lien Mortgage Recording Date: Oct 20, 2016
  • First Open Lien Mortgage Loan Amount: $239,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2031

    Market Valuation

  • Market Total Value: $279,588
  • Market Land Value: $168,144
  • Market Improvement Value: $111,444

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $214,500
  • Assessed Land Value: $129,000
  • Assessed Improvements Value: $85,500

    Sales

  • Current Sale Contract Date: Aug 01, 2014
  • Current Sale Recording Date: Aug 14, 2014
  • Current Sale Transaction ID: 1108787883
  • Current Sale Price: $297,500
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2014042355

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Aug 14, 2014
  • First Mortgage Loan Amount: $238,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2044

About Morris



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Frequently Asked Questions

What neighborhood is 54 Hoffman Avenue located in?
The 54 Hoffman Avenue is a located in the neighborhood of Morris in Morris, Lake Hiawatha.
What is the average sales price for listings in 54 Hoffman Avenue?
The average sales price for units in 54 Hoffman Avenue is $0 currently.

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