55 Sherwood Road

55 Sherwood Road has been categorized by the local assessors in Dumont, NJ as a residential type of property. The building on the property was first built in 1940 and is 84 years old. In addition, 55 Sherwood Road has 1,160 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 1,000 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 5,001 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. 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 Sherwood Road sold most recently in Jun 4, 2021 for a total of $450,000. If you work out the math, that's approximately a cost of $387.93 per sqft. Before that, the property was also sold for $300,000 in Nov 30, 2015. 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 $10,212 in taxes each year. 55 Sherwood Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $263,000. If we break it down further, the land itself was valued at $160,000. Improvements to the property, however, were assessed at a total of $103,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.