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706 Cedarcrest Drive

706 Cedarcrest Drive, Bound Brook, NJ 08805
Property in Somerset
Sold May 26, 2015
$260,000
$208,000 by Wells Fargo Bank Na
Mortgage Due Jun 01, 2045
Sold Mar 22, 1996
$139,750
$133,000 by 1st Town Mtg
Mortgage
706 Cedarcrest Drive has been categorized by the local assessors in Bound Brook, NJ as a residential type of property. The building on the property was first built in 1957 and is 67 years old. The building has a total of 2 stories. In addition, 706 Cedarcrest Drive has 1,596 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 1,000 ft and across the front of the lot is 650 ft. The area measurement of the land has been determined as 6,500 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. 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, 706 Cedarcrest Drive was last sold in May 13, 2015 for $260,000. According to our calculations, that's $162.91 per sqft. Prior to that sales transaction, the property was sold for $139,750 in Aug 16, 1995. Current property owners are expected to pay $10,088 in taxes per year. The property on 706 Cedarcrest Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $427,800. To break that down further, the land itself was valued at $234,000. While improvements to the property were assessed at a total of $193,800. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. 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. 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: 1957
  • Effective Year Built: 1957
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,596
  • Building Area: 1,596
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,596
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.149
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : RAMOS LUIS
  • Current Owner 2: RAMOS ANDREA S
  • Previous Owner : PELLEGRINO MARK R
  • Previous Owner 2: PELLEGRINO MICHELLE C
  • Owner Before Previous Owner: JACOBSEN MARCIA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Bound Brook Borough School District
  • Census Tract: 051200

Zoning

  • Zoning: R3

Geography

  • District: 04
  • Parcel: 04 00110-0000-00016
  • Block: 110
  • Lot: 16
  • Municipality: BOUND BROOK BORO
  • Latitude: 40.5723
  • Longitude: -74.5499

    Address

  • Full Address: 706 Cedar Crest Dr
  • Address - House Number: 706
  • Address - Street Name: Cedar Crest
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Bound Brook
  • Carrier Code: C011
  • 4-Digit Zip Code: 1104
  • Zip Code: 08805

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,088

    Appraisal Valuation

  • Standard Deviation: 0.1653
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 79
  • Final Value: 488,872
  • High Value: 569,702
  • Low Value: 408,042

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $208,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: May 26, 2015
  • First Open Lien Mortgage Loan Amount: $208,000
  • 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: Jun 01, 2045

    Market Valuation

  • Market Total Value: $410,635
  • Market Land Value: $224,611
  • Market Improvement Value: $186,024

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $427,800
  • Assessed Land Value: $234,000
  • Assessed Improvements Value: $193,800

    Sales

  • Current Sale Contract Date: May 13, 2015
  • Current Sale Recording Date: May 26, 2015
  • Current Sale Transaction ID: 1346849528
  • Current Sale Price: $260,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2015020489
  • Previous Sale Recording Date: Mar 22, 1996
  • Previous Sale Contract Date: Aug 16, 1995
  • Previous Sale Amount: $139,750
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: May 26, 2015
  • First Mortgage Loan Amount: $208,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2045

    Previous Mortgages

  • Previous Mortgage Lender: 1ST TOWN MTG
  • Previous Mortgage Transaction Date: Mar 22, 1996
  • Previous Mortgage Loan Amount: $133,000
  • Previous Mortgage Term: 360

About Bound Brook



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Frequently Asked Questions

What neighborhood is 706 Cedarcrest Drive located in?
The 706 Cedarcrest Drive is a located in the neighborhood of Somerset in Bound Brook, Bound Brook.
What is the average sales price for listings in 706 Cedarcrest Drive?
The average sales price for units in 706 Cedarcrest Drive is $0 currently.

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