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7 Lenape Trail

7 Lenape Trail, Budd Lake, NJ 07828
Property in Morris
Sold Aug 07, 2017
$225,000
$220,924 by Jersey Mortgage Co
Mortgage Due Jul 01, 2047
7 Lenape Trail has been categorized by the local assessors in Budd Lake, NJ as a residential type of property. The building on the property was first built in 1948 and is 76 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 7 Lenape Trail has 1,586 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 1,110 ft and across the front of the lot is 1,400 ft. The area measurement of the land has been determined as 15,538 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. For the features and amenities located on the property. There is a 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. The property was last sold in Jun 22, 2017 for $225,000. That's $141.87 per sqft. 7 Lenape Trail was last assessed in 2023. The total value of the property was assessed at $230,000. Specifically, the land the property is located on was valued at $114,800. While improvements on the property were assessed at a total of $115,200. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $7,560. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 15,538
  • Lot Size Depth Feet: 1,110
  • Lot Size Frontage Feet: 1,400
  • Total Building Area: 1,586
  • Building Area: 1,586
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,586
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COUNTRY CLUB ESTATES
  • Land Acres: 0.357
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: B326 L2

Ownership

  • Current Owner : VARGAS LUIS
  • Previous Owner : HANH EDUARD O
  • Previous Owner 2: HANH JEANNE H
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Mount Olive Township School District
  • Census Tract: 046110

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: TAX MAP 18
  • Account Number: 3051
  • District: 27
  • Parcel: 27 01801-0000-00004
  • Block: 1801
  • Lot: 4
  • Municipality: MOUNT OLIVE TWP
  • Latitude: 40.8749
  • Longitude: -74.7616

    Address

  • Full Address: 7 Lenape Trl
  • Address - House Number: 7
  • Address - Street Name: Lenape
  • Address - Suffix Type: Trl
  • State: NJ
  • City Name: Budd Lake
  • Carrier Code: C001
  • 4-Digit Zip Code: 2005
  • Zip Code: 07828

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,560

    Appraisal Valuation

  • Standard Deviation: 0.185
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 75
  • Final Value: 426,345
  • High Value: 505,246
  • Low Value: 347,445

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $220,924
  • First Open Lien Mortgage Lender: JERSEY MORTGAGE CO
  • First Open Lien Mortgage Recording Date: Aug 07, 2017
  • First Open Lien Mortgage Loan Amount: $220,924
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2047

    Market Valuation

  • Market Total Value: $279,296
  • Market Land Value: $139,405
  • Market Improvement Value: $139,891

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $230,000
  • Assessed Land Value: $114,800
  • Assessed Improvements Value: $115,200

    Sales

  • Current Sale Contract Date: Jun 22, 2017
  • Current Sale Recording Date: Aug 07, 2017
  • Current Sale Transaction ID: 1732371354
  • Current Sale Price: $225,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2017046408

    Last Sale Mortgage

  • First Mortgage Lender: JERSEY MORTGAGE CO
  • First Mortgage Transaction Date: Aug 07, 2017
  • First Mortgage Loan Amount: $220,924
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jul 01, 2047

About Budd Lake



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Frequently Asked Questions

What neighborhood is 7 Lenape Trail located in?
The 7 Lenape Trail is a located in the neighborhood of Morris in Budd Lake, Budd Lake.
What is the average sales price for listings in 7 Lenape Trail?
The average sales price for units in 7 Lenape Trail is $0 currently.

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