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7 Timberline Drive

7 Timberline Drive, Wayne, NJ 07470
Property in Passaic
Sold Oct 11, 2019
$574,900
$484,000 by Wells Fargo Bank Na
Mortgage Due Nov 01, 2049
Sold Oct 31, 1988
$401,700
7 Timberline Drive in Wayne, NJ was first built in 1988 and is 36 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a colonial style. 7 Timberline Drive has 3,011 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 14,985 square feet.

Learn more about the property and building on this page. 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 Timberline Drive was last sold in Oct 3, 2019 for $574,900. According to our calculations, that's $190.93 per sqft. Prior to that sales transaction, the property was sold for $401,700 in Oct 31, 1988. Current property owners are expected to pay $15,611 in taxes per year. The property on 7 Timberline Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $276,100. To break that down further, the land itself was valued at $152,500. While improvements to the property were assessed at a total of $123,600. 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.

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Bedroom Count: 0
  • Building Style: Colonial
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 14,985
  • Total Building Area: 3,011
  • Building Area: 3,011
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,011
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FINAL PLAT OF OAK HILL SECTION THREE
  • Land Acres: 0.344
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : WERNER MARC
  • Current Owner 2: WERNER SARAH
  • Previous Owner : GULLOTTA JOSEPH
  • Previous Owner 2: GULLOTTA THOMASINA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Wayne Township School District
  • Census Tract: 246202

Zoning

  • Zoning: R-B

Geography

  • District: 14
  • Parcel: 14 01602-0000-00052
  • Block: 1602
  • Lot: 52
  • Municipality: WAYNE TWP
  • Latitude: 40.9453
  • Longitude: -74.2651

    Address

  • Full Address: 7 Timberline Dr
  • Address - House Number: 7
  • Address - Street Name: Timberline
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Wayne
  • Carrier Code: C030
  • 4-Digit Zip Code: 5557
  • Zip Code: 07470

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $15,611

    Appraisal Valuation

  • Standard Deviation: 0.192
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 74
  • Final Value: 764,906
  • High Value: 911,797
  • Low Value: 618,015

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $484,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Oct 11, 2019
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $484,000
  • 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: Nov 01, 2049

    Market Valuation

  • Market Total Value: $276,100
  • Market Land Value: $152,500
  • Market Improvement Value: $123,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $276,100
  • Assessed Land Value: $152,500
  • Assessed Improvements Value: $123,600

    Sales

  • Current Sale Contract Date: Oct 03, 2019
  • Current Sale Recording Date: Oct 11, 2019
  • Current Sale Transaction ID: 11664549721
  • Current Sale Price: $574,900
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2019046678
  • Previous Sale Recording Date: Oct 31, 1988
  • Previous Sale Contract Date: Oct 31, 1988
  • Previous Sale Amount: $401,700
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Oct 11, 2019
  • First Mortgage Loan Amount: $484,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2049

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Frequently Asked Questions

What neighborhood is 7 Timberline Drive located in?
The 7 Timberline Drive is a located in the neighborhood of Passaic in Passaic, Wayne.
What is the average sales price for listings in 7 Timberline Drive?
The average sales price for units in 7 Timberline Drive is $0 currently.

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