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58 Sequoia Drive

58 Sequoia Drive, Watchung, NJ 07069
Property in Somerset
Sold Jun 03, 2021
$925,000
$725,000 by Mutual Of Omaha Mortgage Inc
Mortgage Due Jul 01, 2051
Sold Jan 17, 2006
$1,085,000
$868,000 by Wells Fargo Bk Na
Mortgage
Local assessors in Watchung, NJ have categorized 58 Sequoia Drive as a residential type of property. The home was built in 1970 and is 54 years old. The property's lot size has been calculated to be 58,370 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 Sequoia Drive has a total of 3,824 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. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 58 Sequoia Drive was last sold in May 26, 2021 for $925,000. According to our calculations, that's $241.89 per sqft. Prior to that sales transaction, the property was sold for $1,085,000 in Nov 18, 2005. Current property owners are expected to pay $18,242 in taxes per year. The property on 58 Sequoia Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $893,800. To break that down further, the land itself was valued at $364,600. While improvements to the property were assessed at a total of $529,200. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. 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!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

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

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 58,370
  • Total Building Area: 3,824
  • Building Area: 3,824
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,824
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 1.34
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: OID 69 15.E

Ownership

  • Current Owner : MARTIN STUART M
  • Current Owner 2: LEDER MADELEINE S
  • Previous Owner : HSUEH THEODORE
  • Previous Owner 2: HSUEH LUCY E
  • Owner Before Previous Owner: MURPHY JOHN R
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Watchung Borough School District
  • Census Tract: 052300

Zoning

  • Zoning: R-R

Geography

  • Assessors Map Reference: TAX MAP 20
  • Account Number: S001
  • District: 21
  • Parcel: 21 06908-0000-00009
  • Block: 6908
  • Lot: 9
  • Municipality: WATCHUNG BORO
  • Latitude: 40.6511
  • Longitude: -74.4194

    Address

  • Full Address: 58 Sequoia Dr
  • Address - House Number: 58
  • Address - Street Name: Sequoia
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Watchung
  • Carrier Code: C078
  • 4-Digit Zip Code: 6113
  • Zip Code: 07069

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $18,242

    Appraisal Valuation

  • Standard Deviation: 0.1523
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 81
  • Final Value: 1,164,953
  • High Value: 1,342,447
  • Low Value: 987,459

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $725,000
  • First Open Lien Mortgage Lender: MUTUAL OF OMAHA MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Jun 03, 2021
  • First Open Lien Mortgage Loan Amount: $725,000
  • 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, 2051

    Market Valuation

  • Market Total Value: $892,818
  • Market Land Value: $364,199
  • Market Improvement Value: $528,619

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $893,800
  • Assessed Land Value: $364,600
  • Assessed Improvements Value: $529,200

    Sales

  • Current Sale Contract Date: May 26, 2021
  • Current Sale Recording Date: Jun 03, 2021
  • Current Sale Transaction ID: 11837696192
  • Current Sale Price: $925,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021034703
  • Previous Sale Recording Date: Jan 17, 2006
  • Previous Sale Contract Date: Nov 18, 2005
  • Previous Sale Amount: $1,085,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: MUTUAL OF OMAHA MORTGAGE INC
  • First Mortgage Transaction Date: Jun 03, 2021
  • First Mortgage Loan Amount: $725,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BK NA
  • Previous Mortgage Transaction Date: Jan 17, 2006
  • Previous Mortgage Loan Amount: $868,000
  • Previous Mortgage Term: 360

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Frequently Asked Questions

What neighborhood is 58 Sequoia Drive located in?
The 58 Sequoia Drive is a located in the neighborhood of Somerset in Watchung, Watchung.
What is the average sales price for listings in 58 Sequoia Drive?
The average sales price for units in 58 Sequoia Drive is $0 currently.

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