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6 Fountain Drive

6 Fountain Drive, Somerset, NJ 08873
Property in Somerset
Sold Dec 19, 2016
$495,000
$396,000 by American Financial Resources I
Mortgage Due Dec 01, 2046
Sold Jan 15, 2016
$340,250
6 Fountain Drive has been categorized by the local assessors in Somerset, NJ as a residential type of property. The building on the property was first built in 1995 and is 29 years old. The building has a total of 2 stories. In addition, 6 Fountain Drive has 2,326 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 1,540 ft and across the front of the lot is 1,000 ft. The area measurement of the land has been determined as 15,400 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 are a total of 2 available parking spaces. 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, 6 Fountain Drive sold most recently in Nov 8, 2016 for a total of $495,000. If you work out the math, that's approximately a cost of $212.81 per sqft. Before that, the property was also sold for $340,250 in Jan 8, 2016. 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 $12,312 in taxes each year. 6 Fountain Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $637,600. If we break it down further, the land itself was valued at $307,700. Improvements to the property, however, were assessed at a total of $329,900. The property's total assessed value has been marked as more than the total market value 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!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

Parking

Garage Parking
Attached Garage
Garage Door Opener

Swimming Pool

Inground Pool

Condition

Wooded Lot

Location

Near Public Transit
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 15,400
  • Lot Size Depth Feet: 1,540
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,326
  • Building Area: 2,326
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,326
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.354
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : AHMAD OMAR SYED
  • Current Owner 2: RAHMAN GHAZAL
  • Previous Owner : FOUNTAIN DRIVE LLC
  • Owner Before Previous Owner: NATIONSTAR MORTGAGE LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Franklin Township School District
  • Census Tract: 054301

Zoning

  • Zoning: R15

Geography

  • Assessors Map Reference: TAX MAP 8701
  • District: 08
  • Parcel: 08 00468- 04-00006
  • Block: 468.04
  • Lot: 6
  • Municipality: FRANKLIN TWP
  • Latitude: 40.5271
  • Longitude: -74.5236

    Address

  • Full Address: 6 Fountain Dr
  • Address - House Number: 6
  • Address - Street Name: Fountain
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Somerset
  • Carrier Code: R003
  • 4-Digit Zip Code: 4138
  • Zip Code: 08873

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $12,312

    Appraisal Valuation

  • Standard Deviation: 0.143
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 83
  • Final Value: 758,211
  • High Value: 866,673
  • Low Value: 649,748

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $396,000
  • First Open Lien Mortgage Lender: AMERICAN FINANCIAL RESOURCES I
  • First Open Lien Mortgage Recording Date: Dec 19, 2016
  • First Open Lien Mortgage Loan Amount: $396,000
  • 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: Dec 01, 2046

    Market Valuation

  • Market Total Value: $630,600
  • Market Land Value: $304,322
  • Market Improvement Value: $326,278

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $637,600
  • Assessed Land Value: $307,700
  • Assessed Improvements Value: $329,900

    Sales

  • Current Sale Contract Date: Nov 08, 2016
  • Current Sale Recording Date: Dec 19, 2016
  • Current Sale Transaction ID: 1806393016
  • Current Sale Price: $495,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2016055528
  • Previous Sale Recording Date: Jan 15, 2016
  • Previous Sale Contract Date: Jan 08, 2016
  • Previous Sale Amount: $340,250
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN FINANCIAL RESOURCES I
  • First Mortgage Transaction Date: Dec 19, 2016
  • First Mortgage Loan Amount: $396,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2046

About Franklin Center



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Frequently Asked Questions

What neighborhood is 6 Fountain Drive located in?
The 6 Fountain Drive is a located in the neighborhood of Somerset in Franklin Center, Somerset.
What is the average sales price for listings in 6 Fountain Drive?
The average sales price for units in 6 Fountain Drive is $0 currently.

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