Sold Dec 23, 2020
$575,000
Seller
$522,500
by Loandepot.com Llc
Mortgage Due Oct 01, 2050
Sold Jan 19, 1996
$165,000
Seller
$150,000
by N J Lenders
Mortgage
7 Lucas Lane has been categorized by the local assessors in Wayne, NJ as a residential type of property.
The building on the property was first built in 1966 and is 58 years old.
In addition, 7 Lucas Lane has 1,890 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 20,952 square feet.
Fans of architecture and design would be interested in knowing that the building on the property was built in a bi-level 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. 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 Lucas Lane was last sold in Sep 15, 2020 for $575,000. According to our calculations, that's $304.23 per sqft. Prior to that sales transaction, the property was sold for $165,000 in Dec 14, 1995. Current property owners are expected to pay $10,590 in taxes per year. The property on 7 Lucas Lane was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $187,300. To break that down further, the land itself was valued at $99,700. While improvements to the property were assessed at a total of $87,600. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI 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.
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 Lucas Lane was last sold in Sep 15, 2020 for $575,000. According to our calculations, that's $304.23 per sqft. Prior to that sales transaction, the property was sold for $165,000 in Dec 14, 1995. Current property owners are expected to pay $10,590 in taxes per year. The property on 7 Lucas Lane was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $187,300. To break that down further, the land itself was valued at $99,700. While improvements to the property were assessed at a total of $87,600. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI 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.
7 Lucas Lane, Wayne, NJ 07470
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