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550 University Street

550 University Street, Malaga, NJ 08328
Property in Gloucester
Sold Jul 18, 2011
$176,500
$182,901 by Oak Mortgage Company Llc
Mortgage Due Aug 01, 2041
Sold Jul 09, 2004
$138,500
$117,725 by First National Bank Of Elmer
Mortgage Due Aug 01, 2034
Local assessors in Malaga, NJ have categorized 550 University Street as a residential type of property. The home was built in 1978 and is 46 years old. The property's lot size has been calculated to be 31,363 square feet. The linear feet between the front and back of the lot was measured at 2,500 ft and the front of the lot was measured at 1,250 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a raised ranch style. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 550 University Street has a total of 1,458 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. 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. The property was last sold in Jul 13, 2011 for $176,500. That's $121.06 per sqft. Prior to that sales transaction, the property was also sold in Jul 1, 2004 for $138,500. 550 University Street was last assessed in 2023. The total value of the property was assessed at $147,800. Specifically, the land the property is located on was valued at $35,500. While improvements on the property were assessed at a total of $112,300. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $5,535. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Raised Ranch
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 31,363
  • Lot Size Depth Feet: 2,500
  • Lot Size Frontage Feet: 1,250
  • Total Building Area: 1,458
  • Building Area: 1,458
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,458
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.72
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : LEOPOUSKI ERIC D
  • Current Owner 2: ERRIG SIRENA D
  • Previous Owner : MERLINO GARY
  • Previous Owner 2: CARRELLI ROBERT
  • Owner Before Previous Owner: ALLEN DANIEL
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Franklin Township School District
  • Census Tract: 501703

Zoning

  • Zoning: MV

Geography

  • Assessors Map Reference: TAX MAP 50
  • District: 05
  • Parcel: 05 05067-0000-00011
  • Block: 5067
  • Lot: 11
  • Municipality: FRANKLIN TWP
  • Latitude: 39.5699
  • Longitude: -75.0435

    Address

  • Full Address: 550 University St
  • Address - House Number: 550
  • Address - Street Name: University
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Malaga
  • Carrier Code: R402
  • 4-Digit Zip Code: 4221
  • Zip Code: 08328

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,535

    Appraisal Valuation

  • Standard Deviation: 0.1967
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 306,413
  • High Value: 366,711
  • Low Value: 246,115

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $182,901
  • First Open Lien Mortgage Lender: OAK MORTGAGE COMPANY LLC
  • First Open Lien Mortgage Recording Date: Jul 18, 2011
  • First Open Lien Mortgage Loan Amount: $182,901
  • 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: Aug 01, 2041

    Market Valuation

  • Market Total Value: $196,438
  • Market Land Value: $47,182
  • Market Improvement Value: $149,256

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $147,800
  • Assessed Land Value: $35,500
  • Assessed Improvements Value: $112,300

    Sales

  • Current Sale Contract Date: Jul 13, 2011
  • Current Sale Recording Date: Jul 18, 2011
  • Current Sale Transaction ID: 11475394478
  • Current Sale Price: $176,500
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 24763
  • Previous Sale Recording Date: Jul 09, 2004
  • Previous Sale Contract Date: Jul 01, 2004
  • Previous Sale Amount: $138,500
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: OAK MORTGAGE COMPANY LLC
  • First Mortgage Transaction Date: Jul 18, 2011
  • First Mortgage Loan Amount: $182,901
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2041

    Previous Mortgages

  • Previous Mortgage Lender: FIRST NATIONAL BANK OF ELMER
  • Previous Mortgage Transaction Date: Jul 09, 2004
  • Previous Mortgage Loan Amount: $117,725
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Aug 01, 2034

About Gloucester



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Frequently Asked Questions

What neighborhood is 550 University Street located in?
The 550 University Street is a located in the neighborhood of Gloucester in Gloucester, Malaga.
What is the average sales price for listings in 550 University Street?
The average sales price for units in 550 University Street is $0 currently.

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