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68 Prospect Avenue

68 Prospect Avenue, Edison, NJ 08817
House in Middlesex
Sold Sep 07, 2022
$760,000
$608,000 by United Wholesale Mortgage Llc
Mortgage Due Sep 01, 2052
Sold Jul 26, 2022
$325,000
68 Prospect Avenue has been categorized by the local assessors in Edison, NJ as a residential type of property. The building on the property was first built in 1952 and is 72 years old. The building has a total of 2 stories. In addition, 68 Prospect Avenue has 2,404 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 1,000 ft and across the front of the lot is 580 ft. The area measurement of the land has been determined as 5,800 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a colonial style.

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 attached garage for those who require parking. According to our sources, there is one available parking space. 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, 68 Prospect Avenue sold most recently in Aug 11, 2022 for a total of $760,000. If you work out the math, that's approximately a cost of $316.14 per sqft. Before that, the property was also sold for $325,000 in Jan 10, 2022. 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 $13,350 in taxes each year. 68 Prospect Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $225,400. If we break it down further, the land itself was valued at $79,000. Improvements to the property, however, were assessed at a total of $146,400. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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

Exterior

Vinyl Siding

Driveway

Driveway

Parking

On-Street Parking
Garage Parking
Attached Garage
Garage Door Opener

Location

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

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Colonial
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,800
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 580
  • Total Building Area: 2,404
  • Building Area: 2,404
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,404
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.133
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : POLAKAM ARUNA
  • Current Owner 2: NAIDU VAMSI KRISHNA
  • Previous Owner : ART HOME GROUP LLC
  • Owner Before Previous Owner: PATEL MILANKUMAR P
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Edison Township School District
  • Census Tract: 001702

Zoning

  • Zoning: RB

Geography

  • Assessors Map Reference: TAX MAP 28
  • District: 05
  • Parcel: 05 00161- 05-00017
  • Block: 161.05
  • Lot: 17
  • Municipality: EDISON TWP
  • Latitude: 40.5128
  • Longitude: -74.4008

    Address

  • Full Address: 68 Prospect Ave
  • Address - House Number: 68
  • Address - Street Name: Prospect
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Edison
  • Carrier Code: C114
  • 4-Digit Zip Code: 3744
  • Zip Code: 08817

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $13,350

    Appraisal Valuation

  • Standard Deviation: 0.168
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 435,735
  • High Value: 508,947
  • Low Value: 362,523

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $608,000
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Sep 07, 2022
  • First Open Lien Mortgage Loan Amount: $608,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Balloon
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2052

    Market Valuation

  • Market Total Value: $225,400
  • Market Land Value: $79,000
  • Market Improvement Value: $146,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $225,400
  • Assessed Land Value: $79,000
  • Assessed Improvements Value: $146,400

    Sales

  • Current Sale Contract Date: Aug 11, 2022
  • Current Sale Recording Date: Sep 07, 2022
  • Current Sale Transaction ID: 11895744309
  • Current Sale Price: $760,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 78770
  • Previous Sale Recording Date: Jul 26, 2022
  • Previous Sale Contract Date: Jan 10, 2022
  • Previous Sale Amount: $325,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE LLC
  • First Mortgage Transaction Date: Sep 07, 2022
  • First Mortgage Loan Amount: $608,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Balloon
  • First Mortgage Loan Due Date: Sep 01, 2052

About Middlesex



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Nearby Rentals

Unit for rent at

$1,925 /mo

  • 2 Beds
  • 1 Bath
Listing by ELIZABETH LAURANO
Unit for rent at

$1,900 /mo

  • 2 Beds
  • 1 Bath
  • 896 ft²
Listing by DEEPAK BANSAL

Frequently Asked Questions

What neighborhood is 68 Prospect Avenue located in?
The 68 Prospect Avenue is a house located in the neighborhood of Middlesex in Middlesex, Edison.
What is the average sales price for listings in 68 Prospect Avenue?
The average sales price for units in 68 Prospect Avenue is $0 currently.

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