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8 Charles Place

8 Charles Place, Chatham, NJ 07928
Property in Morris
Sold Aug 26, 2020
$975,150
$780,120 by Ubs Bank Usa
Mortgage Due May 01, 2052
Sold Aug 14, 2012
$850,000
Local assessors in Chatham, NJ have categorized 8 Charles Place as a residential type of property. The home was built in 1859 and is 165 years old. The property's lot size has been calculated to be 15,002 square feet. The linear feet between the front and back of the lot was measured at 1,500 ft and the front of the lot was measured at 1,000 ft. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 8 Charles Place has a total of 2,268 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. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The property was last sold in Aug 20, 2020 for $975,150. That's $429.96 per sqft. Prior to that sales transaction, the property was also sold in Aug 10, 2012 for $850,000. 8 Charles Place was last assessed in 2023. The total value of the property was assessed at $1,052,300. Specifically, the land the property is located on was valued at $646,500. While improvements on the property were assessed at a total of $405,800. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $16,353. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1859
  • Effective Year Built: 1859
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 15,002
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,268
  • Building Area: 2,268
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,268
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.344
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : FRUCHTERMAN ROBYN
  • Previous Owner : IOFFREDO LESLIE
  • Owner Before Previous Owner: DUFF STEPHEN P
  • Owner Before Previous Owner 2: DUFF SUSAN E
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: The Chathams School District
  • Census Tract: 042800

Zoning

  • Zoning: R-2

Geography

  • Account Number: 40114007
  • District: 04
  • Parcel: 04 00108-0000-00005
  • Block: 108
  • Lot: 5
  • Municipality: CHATHAM BORO
  • Latitude: 40.732
  • Longitude: -74.3862

    Address

  • Full Address: 8 Charles Pl
  • Address - House Number: 8
  • Address - Street Name: Charles
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Chatham
  • Carrier Code: C001
  • 4-Digit Zip Code: 1903
  • Zip Code: 07928

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $16,353

    Appraisal Valuation

  • Standard Deviation: 0.2038
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 72
  • Final Value: 1,344,722
  • High Value: 1,618,903
  • Low Value: 1,070,542

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $880,120
  • First Open Lien Mortgage Lender: UBS BANK USA
  • First Open Lien Mortgage Recording Date: May 31, 2022
  • First Open Lien Mortgage Loan Amount: $780,120
  • 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: May 01, 2052
  • Second Open Lien Mortgage Lender: BANK OF AMERICA, N.A.
  • Second Open Lien Mortgage Recording Date: Jul 03, 2023
  • Second Open Lien Mortgage Loan Amount: $100,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Jun 21, 2053

    Market Valuation

  • Market Total Value: $979,977
  • Market Land Value: $602,067
  • Market Improvement Value: $377,910

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,052,300
  • Assessed Land Value: $646,500
  • Assessed Improvements Value: $405,800

    Sales

  • Current Sale Contract Date: Aug 20, 2020
  • Current Sale Recording Date: Aug 26, 2020
  • Current Sale Transaction ID: 11787543835
  • Current Sale Price: $975,150
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2020057478
  • Previous Sale Recording Date: Aug 14, 2012
  • Previous Sale Contract Date: Aug 10, 2012
  • Previous Sale Amount: $850,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Aug 26, 2020
  • First Mortgage Loan Amount: $780,120
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2050

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Chatham



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Frequently Asked Questions

What neighborhood is 8 Charles Place located in?
The 8 Charles Place is a located in the neighborhood of Morris in Chatham, Chatham.
What is the average sales price for listings in 8 Charles Place?
The average sales price for units in 8 Charles Place is $0 currently.

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