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7 Louisburg Square

7 Louisburg Square, Verona, NJ 07044
Property in Essex
Sold Jul 13, 2021
$450,000
$315,000 by New Millennium Bank
Mortgage Due Aug 01, 2051
Sold May 24, 2016
$367,500
Local assessors in Verona, NJ have categorized 7 Louisburg Square as a residential type of property. The home was built in 1987 and is 37 years old. 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 7 Louisburg Square has a total of 1,808 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. 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 Louisburg Square was last sold in Jun 16, 2021 for $450,000. According to our calculations, that's $248.89 per sqft. Prior to that sales transaction, the property was sold for $367,500 in May 18, 2016. Current property owners are expected to pay $10,203 in taxes per year. The property on 7 Louisburg Square was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $340,900. To break that down further, the land itself was valued at $160,000. While improvements to the property were assessed at a total of $180,900. 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. 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: 1987
  • Effective Year Built: 1987
  • Bedroom Count: 0
  • Building Style: Condo
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 0
  • Total Building Area: 1,808
  • Building Area: 1,808
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,808
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BEACON HILL
  • Standard Land Use Code: Condominium unit (residential)

Ownership

  • Current Owner : KIM ANDY
  • Current Owner 2: KIM DANIEL B
  • Previous Owner : MALANGA THOMAS
  • Previous Owner 2: MALANGA ALYSSA
  • Owner Before Previous Owner: SANCIVIERI BENEMINA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Verona Borough School District
  • Census Tract: 021100

Geography

  • District: 20
  • Parcel: 20 00207-0000-00001-0000-C0038
  • Block: 207
  • Lot: 1
  • Municipality: VERONA TWP
  • Latitude: 40.8266
  • Longitude: -74.229

    Address

  • Full Address: 7 Louisburg Sq
  • Address - House Number: 7
  • Address - Street Name: Louisburg
  • Address - Suffix Type: Sq
  • State: NJ
  • City Name: Verona
  • Carrier Code: C045
  • 4-Digit Zip Code: 2927
  • Zip Code: 07044

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,203

    Appraisal Valuation

  • Standard Deviation: 0.2225
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 69
  • Final Value: 506,675
  • High Value: 619,413
  • Low Value: 393,936

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $430,000
  • First Open Lien Mortgage Lender: NEW MILLENNIUM BANK
  • First Open Lien Mortgage Recording Date: Jul 13, 2021
  • First Open Lien Mortgage Loan Amount: $315,000
  • 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: Aug 01, 2051
  • Second Open Lien Mortgage Lender: PNC BANK NATIONAL ASSOCIATION
  • Second Open Lien Mortgage Recording Date: Nov 30, 2022
  • Second Open Lien Mortgage Loan Amount: $115,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $340,900
  • Market Land Value: $160,000
  • Market Improvement Value: $180,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $340,900
  • Assessed Land Value: $160,000
  • Assessed Improvements Value: $180,900

    Sales

  • Current Sale Contract Date: Jun 16, 2021
  • Current Sale Recording Date: Jul 13, 2021
  • Current Sale Transaction ID: 11844807773
  • Current Sale Price: $450,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021084580
  • Previous Sale Recording Date: May 24, 2016
  • Previous Sale Contract Date: May 18, 2016
  • Previous Sale Amount: $367,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: NEW MILLENNIUM BANK
  • First Mortgage Transaction Date: Jul 13, 2021
  • First Mortgage Loan Amount: $315,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

About Essex



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Frequently Asked Questions

What neighborhood is 7 Louisburg Square located in?
The 7 Louisburg Square is a located in the neighborhood of Essex in Essex, Verona.
What is the average sales price for listings in 7 Louisburg Square?
The average sales price for units in 7 Louisburg Square is $0 currently.

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