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58 Reed Drive South

58 Reed Drive South, Princeton Junction, NJ 08550
Property in Mercer
Sold Feb 01, 2018
$885,000
$453,100 by Premia Mortgage Llc
Mortgage Due Feb 01, 2048
Sold Dec 11, 1992
$350,900
Local assessors in Princeton Junction, NJ have categorized 58 Reed Drive South as a residential type of property. The home was built in 1992 and is 32 years old. The property's lot size has been calculated to be 39,644 square feet. This is a 2 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 58 Reed Drive South has a total of 3,155 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 attached garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. 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, 58 Reed Drive South sold most recently in Jan 28, 2018 for a total of $885,000. If you work out the math, that's approximately a cost of $280.51 per sqft. Before that, the property was also sold for $350,900 in Dec 11, 1992. 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 $24,227 in taxes each year. 58 Reed Drive South was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $841,200. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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

Condition

Level Lot

Building Style

Colonial
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 39,644
  • Total Building Area: 3,155
  • Building Area: 3,155
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,155
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.91
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: CORNELL FED

Ownership

  • Current Owner : OTTO MARTIN
  • Current Owner 2: OTTO ELKE
  • Previous Owner : CHARLES PHILIP F
  • Previous Owner 2: CHARLES CATHERINE J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: West Windsor-Plainsboro Regional School District
  • Census Tract: 004306

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: TAX MAP 2604
  • District: 13
  • Parcel: 13 00024- 10-00033
  • Block: 24.10
  • Lot: 33
  • Municipality: WEST WINDSOR TWP
  • Latitude: 40.2819
  • Longitude: -74.6229

    Address

  • Full Address: 58 Reed Dr S
  • Address - House Number: 58
  • Street Segment Direction: S
  • Address - Street Name: Reed
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Princeton Junction
  • Carrier Code: C004
  • 4-Digit Zip Code: 2013
  • Zip Code: 08550

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $24,227

    Appraisal Valuation

  • Standard Deviation: 0.1936
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 74
  • Final Value: 1,186,555
  • High Value: 1,416,354
  • Low Value: 956,756

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $859,389
  • First Open Lien Mortgage Lender: PREMIA MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Feb 01, 2018
  • First Open Lien Mortgage Loan Amount: $453,100
  • 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: Feb 01, 2048
  • Second Open Lien Mortgage Lender: BETTER MORTGAGE CORPORATION
  • Second Open Lien Mortgage Recording Date: Mar 12, 2021
  • Second Open Lien Mortgage Loan Amount: $406,289
  • Second Open Lien Mortgage Term: 240
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Apr 01, 2041

    Market Valuation

  • Market Total Value: $882,400
  • Market Land Value: $324,600
  • Market Improvement Value: $557,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $841,200

    Sales

  • Current Sale Contract Date: Jan 28, 2018
  • Current Sale Recording Date: Feb 01, 2018
  • Current Sale Transaction ID: 11393389746
  • Current Sale Price: $885,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2018004537
  • Previous Sale Recording Date: Dec 11, 1992
  • Previous Sale Contract Date: Dec 11, 1992
  • Previous Sale Amount: $350,900
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: PREMIA MORTGAGE LLC
  • First Mortgage Transaction Date: Feb 01, 2018
  • First Mortgage Loan Amount: $453,100
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2048

About Mercer



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Unit for rent at 20 Windsor Pond Road, PRINCETON JUNCTION, NJ, 08550

$3,500 /mo

  • 2 Beds
  • 2.5 Baths
  • 1,549 ft²
20 Windsor Pond Road, PRINCETON JUNCTION, NJ, 08550 Listing by Karma Estaphanous

Frequently Asked Questions

What neighborhood is 58 Reed Drive South located in?
The 58 Reed Drive South is a located in the neighborhood of Mercer in Mercer, Princeton Junction.
What is the average sales price for listings in 58 Reed Drive South?
The average sales price for units in 58 Reed Drive South is $0 currently.

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