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63 Gate House Lane

63 Gate House Lane, Edison, NJ 08820
Property in Middlesex
Sold Jun 21, 2005
$372,000
Buyer
Seller
$210,000 by Freedom Mortgage Corp
Mortgage Due Jan 01, 2051
Local assessors in Edison, NJ have categorized 63 Gate House Lane as a residential type of property. The home was built in 1983 and is 41 years old. The property's lot size has been calculated to be 39 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. If we look only at the heated or air conditioned part of the building, then 63 Gate House Lane has a total of 1,399 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. 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, 63 Gate House Lane sold most recently in Jun 10, 2005 for a total of $372,000. If you work out the math, that's approximately a cost of $265.90 per sqft. 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 $9,699 in taxes each year. 63 Gate House Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $170,000. If we break it down further, the land itself was valued at $90,000. Improvements to the property, however, were assessed at a total of $80,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Bedroom Count: 0
  • Building Style: Condo
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 39
  • Total Building Area: 1,399
  • Building Area: 1,399
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,399
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PARK GATE CONDO
  • Standard Land Use Code: Condominium unit (residential)

Ownership

  • Current Owner : MEICHIN LAI
  • Previous Owner : KNAPP JANET
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Edison Township School District
  • Census Tract: 001414

Zoning

  • Zoning: RBBT

Geography

  • Assessors Map Reference: TAX MAP 1322
  • Account Number: 00017583
  • District: 05
  • Parcel: 05 00593-0000-00050-0000-C0063
  • Block: 593
  • Lot: 50
  • Municipality: EDISON TWP
  • Latitude: 40.5645
  • Longitude: -74.385

    Address

  • Full Address: 63 Gate House Ln
  • Address - House Number: 63
  • Address - Street Name: Gate House
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Edison
  • Carrier Code: C021
  • 4-Digit Zip Code: 4008
  • Zip Code: 08820

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,699

    Appraisal Valuation

  • Standard Deviation: 0.2188
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 499,354
  • High Value: 608,626
  • Low Value: 390,082

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $210,000
  • First Open Lien Mortgage Lender: FREEDOM MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Dec 17, 2020
  • First Open Lien Mortgage Loan Amount: $210,000
  • 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: Jan 01, 2051

    Market Valuation

  • Market Total Value: $170,000
  • Market Land Value: $90,000
  • Market Improvement Value: $80,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $170,000
  • Assessed Land Value: $90,000
  • Assessed Improvements Value: $80,000

    Sales

  • Current Sale Contract Date: Jun 10, 2005
  • Current Sale Recording Date: Jun 21, 2005
  • Current Sale Transaction ID: 1165308703
  • Current Sale Price: $372,000
  • Current Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: SUMMIT MORTGAGE BANKERS INC
  • First Mortgage Transaction Date: Jun 21, 2005
  • First Mortgage Loan Amount: $150,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Jul 01, 2035

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Middlesex



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Frequently Asked Questions

What neighborhood is 63 Gate House Lane located in?
The 63 Gate House Lane is a located in the neighborhood of Middlesex in Middlesex, Edison.
What is the average sales price for listings in 63 Gate House Lane?
The average sales price for units in 63 Gate House Lane is $0 currently.

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