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7 Homestead Lane

7 Homestead Lane, Lincoln Park, NJ 07035
Property in Morris
Sold Oct 18, 2022
$335,000
$318,250 by Envoy Mortgage Ltd
Mortgage Due Oct 01, 2052
Sold May 22, 2020
$272,000
$160,000 by Loandepot.com Llc
Mortgage Due May 01, 2050
7 Homestead Lane has been categorized by the local assessors in Lincoln Park, NJ as a residential type of property. The building on the property was first built in 1985 and is 39 years old. In addition, 7 Homestead Lane has 1,271 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 5,497 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. 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 Homestead Lane was last sold in Sep 24, 2022 for $335,000. According to our calculations, that's $263.57 per sqft. Prior to that sales transaction, the property was sold for $272,000 in Apr 23, 2020. Current property owners are expected to pay $8,033 in taxes per year. The property on 7 Homestead Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $263,800. To break that down further, the land itself was valued at $140,000. While improvements to the property were assessed at a total of $123,800. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. 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. 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: 1985
  • Effective Year Built: 1985
  • Bedroom Count: 0
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,497
  • Total Building Area: 1,271
  • Building Area: 1,271
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,271
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HILLTOP FARM CONDOMINIUM
  • Land Acres: 0.126
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : JOSEPH JOFFY
  • Current Owner 2: VARUGHESE EILEEN
  • Previous Owner : GLYNN KIERAN
  • Owner Before Previous Owner: CYRAN JANE A
  • Owner Before Previous Owner 2: MOONEY FAMILY SPECIAL NEEDS TR
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lincoln Park Borough School District
  • Census Tract: 040102

Zoning

  • Zoning: PRD2

Geography

  • Assessors Map Reference: TAX MAP 29
  • District: 16
  • Parcel: 16 00046- 8-00003
  • Block: 46.8
  • Lot: 3
  • Municipality: LINCOLN PARK BORO
  • Latitude: 40.9187
  • Longitude: -74.2986

    Address

  • Full Address: 7 Homestead Ln
  • Address - House Number: 7
  • Address - Street Name: Homestead
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Lincoln Park
  • Carrier Code: C009
  • 4-Digit Zip Code: 2042
  • Zip Code: 07035

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,033

    Appraisal Valuation

  • Standard Deviation: 0.1866
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 75
  • Final Value: 407,041
  • High Value: 483,028
  • Low Value: 331,053

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $318,250
  • First Open Lien Mortgage Lender: ENVOY MORTGAGE LTD
  • First Open Lien Mortgage Recording Date: Oct 18, 2022
  • First Open Lien Mortgage Loan Amount: $318,250
  • 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: Oct 01, 2052

    Market Valuation

  • Market Total Value: $319,718
  • Market Land Value: $169,676
  • Market Improvement Value: $150,042

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $263,800
  • Assessed Land Value: $140,000
  • Assessed Improvements Value: $123,800

    Sales

  • Current Sale Contract Date: Sep 24, 2022
  • Current Sale Recording Date: Oct 18, 2022
  • Current Sale Transaction ID: 11897934294
  • Current Sale Price: $335,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 68363
  • Previous Sale Recording Date: May 22, 2020
  • Previous Sale Contract Date: Apr 23, 2020
  • Previous Sale Amount: $272,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: ENVOY MORTGAGE LTD
  • First Mortgage Transaction Date: Oct 18, 2022
  • First Mortgage Loan Amount: $318,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: LOANDEPOT.COM LLC
  • Previous Mortgage Transaction Date: May 22, 2020
  • Previous Mortgage Loan Amount: $160,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2050

About Lincoln Park



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 7 Homestead Lane located in?
The 7 Homestead Lane is a located in the neighborhood of Morris in Lincoln Park, Lincoln Park.
What is the average sales price for listings in 7 Homestead Lane?
The average sales price for units in 7 Homestead Lane is $0 currently.

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