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60 Farley Road

60 Farley Road, Short Hills, NJ 07078
Property in Essex
Sold Aug 03, 2022
$2,050,000
$1,000,000 by Kearny Bank
Mortgage Due Aug 01, 2052
Sold Sep 22, 2011
$1,575,000
$1,181,250 by Wells Fargo Bank Na
Mortgage Due Oct 01, 2041
Local assessors in Short Hills, NJ have categorized 60 Farley Road as a residential type of property. The home was built in 1935 and is 89 years old. The property's lot size has been calculated to be 18,587 square feet. The linear feet between the front and back of the lot was measured at 1,770 ft and the front of the lot was measured at 1,050 ft. 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 60 Farley Road has a total of 3,436 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 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 other control joints. Lots of stucco were used in the construction of the exterior walls of the home. 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, 60 Farley Road was last sold in Jul 11, 2022 for $2,050,000. According to our calculations, that's $596.62 per sqft. Prior to that sales transaction, the property was sold for $1,575,000 in Sep 16, 2011. Current property owners are expected to pay $31,500 in taxes per year. The property on 60 Farley Road was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $1,621,200. To break that down further, the land itself was valued at $771,200. While improvements to the property were assessed at a total of $850,000. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. 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.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Bedroom Count: 0
  • Construction Type: Other
  • Exterior Walls Type: Stucco
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 18,587
  • Lot Size Depth Feet: 1,770
  • Lot Size Frontage Feet: 1,050
  • Total Building Area: 3,436
  • Building Area: 3,436
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,436
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.427
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : KIM TAEJIN
  • Current Owner 2: KO YOUNGAH
  • Previous Owner : REDLICH
  • Previous Owner 2: YARON
  • Owner Before Previous Owner: GROSS DAVID E
  • Owner Before Previous Owner 2: GROSS STACHEY H
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Millburn Township School District
  • Census Tract: 020100

Geography

  • Assessors Map Reference: TAX MAP 14
  • District: 12
  • Parcel: 12 01403-0000-00002
  • Block: 1403
  • Lot: 2
  • Municipality: MILLBURN TWP
  • Latitude: 40.7362
  • Longitude: -74.31

    Address

  • Full Address: 60 Farley Rd
  • Address - House Number: 60
  • Address - Street Name: Farley
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Short Hills
  • Carrier Code: C003
  • 4-Digit Zip Code: 2134
  • Zip Code: 07078

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $31,500

    Appraisal Valuation

  • Standard Deviation: 0.2386
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 66
  • Final Value: 2,053,318
  • High Value: 2,543,269
  • Low Value: 1,563,367

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,000,000
  • First Open Lien Mortgage Lender: KEARNY BANK
  • First Open Lien Mortgage Recording Date: Aug 03, 2022
  • First Open Lien Mortgage Loan Amount: $1,000,000
  • 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: Aug 01, 2052

    Market Valuation

  • Market Total Value: $1,621,200
  • Market Land Value: $771,200
  • Market Improvement Value: $850,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,621,200
  • Assessed Land Value: $771,200
  • Assessed Improvements Value: $850,000

    Sales

  • Current Sale Contract Date: Jul 11, 2022
  • Current Sale Recording Date: Aug 03, 2022
  • Current Sale Transaction ID: 11894886522
  • Current Sale Price: $2,050,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 72824
  • Previous Sale Recording Date: Sep 22, 2011
  • Previous Sale Contract Date: Sep 16, 2011
  • Previous Sale Amount: $1,575,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: KEARNY BANK
  • First Mortgage Transaction Date: Aug 03, 2022
  • First Mortgage Loan Amount: $1,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Sep 22, 2011
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $1,181,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2041

About Short Hills



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Frequently Asked Questions

What neighborhood is 60 Farley Road located in?
The 60 Farley Road is a located in the neighborhood of Essex in Short Hills, Short Hills.
What is the average sales price for listings in 60 Farley Road?
The average sales price for units in 60 Farley Road is $0 currently.

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