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55 Elizabeth Avenue

55 Elizabeth Avenue, Cranford, NJ 07016
Property in Union
Sold Jun 26, 2023
$650,000
$533,000 by Cardinal Fin'l Co Lp
Mortgage Due Jul 01, 2053
Sold May 03, 2021
$455,000
$433,473 by Ks Statebank
Mortgage Due May 01, 2051
55 Elizabeth Avenue has been categorized by the local assessors in Cranford, NJ as a residential type of property. The building on the property was first built in 1939 and is 85 years old. The building has a total of 2 stories. In addition, 55 Elizabeth Avenue has 1,767 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 7,320 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, 55 Elizabeth Avenue sold most recently in Jun 14, 2023 for a total of $650,000. If you work out the math, that's approximately a cost of $367.86 per sqft. Before that, the property was also sold for $455,000 in Apr 15, 2021. 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 $9,314 in taxes each year. 55 Elizabeth Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $139,700. If we break it down further, the land itself was valued at $63,700. Improvements to the property, however, were assessed at a total of $76,000. 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.

Building Features

Building Style

Cape Cod

Parking

Open Parking
Detached Garage

Exterior

Brick Exterior
Cedar Siding
Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1939
  • Effective Year Built: 1939
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,320
  • Total Building Area: 1,767
  • Building Area: 1,767
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,767
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.168
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : MORRIS KYLE STEPHEN
  • Current Owner 2: MORRIS STEPHANIE AV
  • Previous Owner : WHITE BRANDAN OWEN
  • Owner Before Previous Owner: DEWEEVER DANIEL C
  • Owner Before Previous Owner 2: DEWEEVER SUSAN A
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Apr 10, 2024

Neighborhood

  • School District Name: Cranford Township School District
  • Census Tract: 037200

Geography

  • Assessors Map Reference: TAX MAP 75
  • Account Number: 361100-9
  • District: 03
  • Parcel: 03 00318-0000-00003
  • Block: 318
  • Lot: 3
  • Municipality: CRANFORD TWP
  • Latitude: 40.6596
  • Longitude: -74.2932

    Address

  • Full Address: 55 Elizabeth Ave
  • Address - House Number: 55
  • Address - Street Name: Elizabeth
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Cranford
  • Carrier Code: C012
  • 4-Digit Zip Code: 2432
  • Zip Code: 07016

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,314

    Appraisal Valuation

  • Standard Deviation: 0.2137
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 604,995
  • High Value: 734,294
  • Low Value: 475,696

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $533,000
  • First Open Lien Mortgage Lender: CARDINAL FIN'L CO LP
  • First Open Lien Mortgage Recording Date: Jun 26, 2023
  • First Open Lien Mortgage Loan Amount: $533,000
  • 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: Jul 01, 2053

    Market Valuation

  • Market Total Value: $139,700
  • Market Land Value: $63,700
  • Market Improvement Value: $76,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $139,700
  • Assessed Land Value: $63,700
  • Assessed Improvements Value: $76,000

    Sales

  • Current Sale Contract Date: Jun 14, 2023
  • Current Sale Recording Date: Jun 26, 2023
  • Current Sale Transaction ID: 11908795534
  • Current Sale Price: $650,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 29984
  • Previous Sale Recording Date: May 03, 2021
  • Previous Sale Contract Date: Apr 15, 2021
  • Previous Sale Amount: $455,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CARDINAL FIN'L CO LP
  • First Mortgage Transaction Date: Jun 26, 2023
  • First Mortgage Loan Amount: $533,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: KS STATEBANK
  • Previous Mortgage Transaction Date: May 03, 2021
  • Previous Mortgage Loan Amount: $433,473
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: May 01, 2051

About Union



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Frequently Asked Questions

What neighborhood is 55 Elizabeth Avenue located in?
The 55 Elizabeth Avenue is a located in the neighborhood of Union in Union, Cranford.
What is the average sales price for listings in 55 Elizabeth Avenue?
The average sales price for units in 55 Elizabeth Avenue is $0 currently.

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