71 Farrand Drive

71 Farrand Drive has been categorized by the local assessors in Parsippany, NJ as a residential type of property. The building on the property was first built in 1979 and is 45 years old. The building has a total of 2 stories. In addition, 71 Farrand Drive has 2,983 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 1,500 ft and across the front of the lot is 1,010 ft. The area measurement of the land has been determined as 15,159 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. 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 71 Farrand Drive sold most recently in Jul 15, 1994 for a total of $288,000. If you work out the math, that's approximately a cost of $96.55 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $15,999 in taxes each year. 71 Farrand Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $462,400. If we break it down further, the land itself was valued at $189,600. Improvements to the property, however, were assessed at a total of $272,800. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.