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7 Elmer Avenue

7 Elmer Avenue, Burlington, NJ 08016
Property in Burlington
Sold Jun 23, 2014
$165,000
$227,260 by Amerisave Mortgage Corporation
Mortgage Due Dec 01, 2053
Sold Mar 18, 2005
$150,000
$142,500 by Charles Schwab Bank Na
Mortgage Due Apr 01, 2035
7 Elmer Avenue has been categorized by the local assessors in Burlington, NJ as a residential type of property. The building on the property was first built in 1912 and is 112 years old. The building has a total of 2 stories. In addition, 7 Elmer Avenue has 1,710 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 1,080 ft and across the front of the lot is 370 ft. The area measurement of the land has been determined as 3,994 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. 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. 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, 7 Elmer Avenue was last sold in Jun 13, 2014 for $165,000. According to our calculations, that's $96.49 per sqft. Prior to that sales transaction, the property was sold for $150,000 in Mar 15, 2005. Current property owners are expected to pay $4,889 in taxes per year. The property on 7 Elmer Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $164,400. To break that down further, the land itself was valued at $39,400. While improvements to the property were assessed at a total of $125,000. 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: 1912
  • Effective Year Built: 1912
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,994
  • Lot Size Depth Feet: 1,080
  • Lot Size Frontage Feet: 370
  • Total Building Area: 1,710
  • Building Area: 1,710
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,710
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.092
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: 7.01 PLAZA PARK

Ownership

  • Current Owner : WILSON UNIQUE A
  • Previous Owner : CUNNINGHAM MICHAEL C
  • Previous Owner 2: CUNNINGHAM ALLISON
  • Owner Before Previous Owner: GREEN ROBERT A
  • Owner Before Previous Owner 2: GREEN DOLORES M
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Burlington Township School District
  • Census Tract: 701104

Zoning

  • Zoning: R7.5

Geography

  • District: 06
  • Parcel: 06 00022-0000-00006
  • Block: 22
  • Lot: 6
  • Municipality: BURLINGTON TWP
  • Latitude: 40.0676
  • Longitude: -74.8764

    Address

  • Full Address: 7 Elmer Ave
  • Address - House Number: 7
  • Address - Street Name: Elmer
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Burlington
  • Carrier Code: C007
  • 4-Digit Zip Code: 1019
  • Zip Code: 08016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,889

    Appraisal Valuation

  • Standard Deviation: 0.2101
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 71
  • Final Value: 323,093
  • High Value: 390,998
  • Low Value: 255,187

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $227,260
  • First Open Lien Mortgage Lender: AMERISAVE MORTGAGE CORPORATION
  • First Open Lien Mortgage Recording Date: Dec 01, 2023
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $227,260
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2053

    Market Valuation

  • Market Total Value: $164,400
  • Market Land Value: $39,400
  • Market Improvement Value: $125,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $164,400
  • Assessed Land Value: $39,400
  • Assessed Improvements Value: $125,000

    Sales

  • Current Sale Contract Date: Jun 13, 2014
  • Current Sale Recording Date: Jun 23, 2014
  • Current Sale Transaction ID: 1191531346
  • Current Sale Price: $165,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Mar 18, 2005
  • Previous Sale Contract Date: Mar 15, 2005
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: AURORA FINANCIAL GROUP INC
  • First Mortgage Transaction Date: Jun 23, 2014
  • First Mortgage Loan Amount: $168,960
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Jul 01, 2044

    Previous Mortgages

  • Previous Mortgage Lender: CHARLES SCHWAB BANK NA
  • Previous Mortgage Transaction Date: Mar 18, 2005
  • Previous Mortgage Loan Amount: $142,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Apr 01, 2035

About Burlington



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Frequently Asked Questions

What neighborhood is 7 Elmer Avenue located in?
The 7 Elmer Avenue is a located in the neighborhood of Burlington in Burlington, Burlington.
What is the average sales price for listings in 7 Elmer Avenue?
The average sales price for units in 7 Elmer Avenue is $0 currently.

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