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8 Colonial Way

8 Colonial Way, Lincroft, NJ 07738
Property in Monmouth
Sold Nov 07, 2012
$390,000
$312,000 by Wells Fargo Bank Na
Mortgage Due Nov 01, 2042
8 Colonial Way has been categorized by the local assessors in Lincroft, NJ as a residential type of property. The building on the property was first built in 1961 and is 63 years old. The home has a total of 7 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 8 Colonial Way has 1,794 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 1,930 ft and across the front of the lot is 2,130 ft. The area measurement of the land has been determined as 41,109 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a split 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. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 252 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying both a open porch and a patio. Love to swim? You'll be excited to find out that there is a vinyl in-ground pool on the property. Moving on to the building itself. The condition of the building has been evaluated as fair. 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. The building has a gable style roof made of shingle (not wood). The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. 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, 8 Colonial Way sold most recently in Oct 24, 2012 for a total of $390,000. If you work out the math, that's approximately a cost of $217.39 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 $8,932 in taxes each year. 8 Colonial Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $513,900. If we break it down further, the land itself was valued at $322,900. Improvements to the property, however, were assessed at a total of $191,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Fair
  • Construction Type: Frame
  • Building Style: Split level
  • Roof Shape Type: Gable
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 552
  • Garage Type: Attached
  • Garage Square Area: 252
  • Parking Space Count: 1
  • Patio Type: Patio
  • Porch Type: Open porch
  • Pool Type: Vinyl in-ground pool

    Dimensions

  • Lot Size Square Feet: 41,109
  • Lot Size Depth Feet: 1,930
  • Lot Size Frontage Feet: 2,130
  • Total Building Area: 1,794
  • Building Area: 1,794
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,794
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: CHERRY HILL
  • Land Acres: 0.943
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : MEEHAN SEAN
  • Current Owner 2: MEEHAN CHRISTA
  • Previous Owner : PROSPERO KAREN M
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 801500

Zoning

  • Zoning: R22

Geography

  • Assessors Map Reference: TAX MAP 291
  • Account Number: 1056
  • District: 32
  • Parcel: 32 01115-0000-00004
  • Block: 1115
  • Lot: 4
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.324
  • Longitude: -74.1132

    Address

  • Full Address: 8 Colonial Way
  • Address - House Number: 8
  • Address - Street Name: Colonial
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Lincroft
  • Carrier Code: C005
  • 4-Digit Zip Code: 1702
  • Zip Code: 07738

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,932

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 694,866
  • High Value: 818,231
  • Low Value: 571,500

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $312,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Nov 07, 2012
  • First Open Lien Mortgage Loan Amount: $312,000
  • 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, 2042

    Market Valuation

  • Market Total Value: $513,900
  • Market Land Value: $322,900
  • Market Improvement Value: $191,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $513,900
  • Assessed Land Value: $322,900
  • Assessed Improvements Value: $191,000

    Sales

  • Current Sale Contract Date: Oct 24, 2012
  • Current Sale Recording Date: Nov 07, 2012
  • Current Sale Transaction ID: 1121481873
  • Current Sale Price: $390,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2012117649

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Nov 07, 2012
  • First Mortgage Loan Amount: $312,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2042

About Lincroft



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Frequently Asked Questions

What neighborhood is 8 Colonial Way located in?
The 8 Colonial Way is a located in the neighborhood of Monmouth in Lincroft, Lincroft.
What is the average sales price for listings in 8 Colonial Way?
The average sales price for units in 8 Colonial Way is $0 currently.

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