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8 Spring Lake Drive

8 Spring Lake Drive, Far Hills, NJ 07931
House in Morris
Sold Dec 16, 2019
$910,000
$726,525 by Weichert Financial Services
Mortgage Due Dec 01, 2049
Sold Dec 17, 2009
$1,200,000
$417,000 by Fairway Independent Mortgage C
Mortgage Due Jan 01, 2025
8 Spring Lake Drive in Far Hills, NJ was first built in 1996 and is 28 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. There are a total of 2 floors. 8 Spring Lake Drive has 5,643 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 224,639 square feet.

Learn more about the property and building on this page. For those who need parking, there is a attached garage. There are a total of 3 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know 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, 8 Spring Lake Drive was last sold in Nov 20, 2019 for $910,000. According to our calculations, that's $161.26 per sqft. Prior to that sales transaction, the property was sold for $1,200,000 in Dec 14, 2009. Current property owners are expected to pay $27,885 in taxes per year. The property on 8 Spring Lake Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,100,000. To break that down further, the land itself was valued at $294,000. While improvements to the property were assessed at a total of $806,000. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1996
  • Effective Year Built: 1996
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Colonial
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 224,639
  • Total Building Area: 5,643
  • Building Area: 5,643
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 5,643
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 5.157
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : MCGRADY SHANNON
  • Current Owner 2: MARSH ROBERT
  • Previous Owner : HYLKA VINCENT W
  • Previous Owner 2: TONETTA SHARON A
  • Owner Before Previous Owner: STALFORD PEGGY E
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: West Morris Regional School District
  • Census Tract: 045903

Zoning

  • Zoning: R5

Geography

  • Assessors Map Reference: TAX MAP 5
  • District: 07
  • Parcel: 07 00003-0000-00008- 06
  • Block: 3
  • Lot: 8.06
  • Municipality: CHESTER TWP
  • Latitude: 40.7337
  • Longitude: -74.6951

    Address

  • Full Address: 8 Spring Lake Dr
  • Address - House Number: 8
  • Address - Street Name: Spring Lake
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Far Hills
  • Carrier Code: R011
  • 4-Digit Zip Code: 2717
  • Zip Code: 07931

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $27,885

    Appraisal Valuation

  • Standard Deviation: 0.153
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 81
  • Final Value: 1,387,224
  • High Value: 1,599,521
  • Low Value: 1,174,927

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $726,525
  • First Open Lien Mortgage Lender: WEICHERT FINANCIAL SERVICES
  • First Open Lien Mortgage Recording Date: Dec 16, 2019
  • First Open Lien Mortgage Loan Amount: $726,525
  • 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: Dec 01, 2049

    Market Valuation

  • Market Total Value: $1,220,595
  • Market Land Value: $326,232
  • Market Improvement Value: $894,363

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,100,000
  • Assessed Land Value: $294,000
  • Assessed Improvements Value: $806,000

    Sales

  • Current Sale Contract Date: Nov 20, 2019
  • Current Sale Recording Date: Dec 16, 2019
  • Current Sale Transaction ID: 11712542064
  • Current Sale Price: $910,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2019072079
  • Previous Sale Recording Date: Dec 17, 2009
  • Previous Sale Contract Date: Dec 14, 2009
  • Previous Sale Amount: $1,200,000
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: WEICHERT FINANCIAL SERVICES
  • First Mortgage Transaction Date: Dec 16, 2019
  • First Mortgage Loan Amount: $726,525
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • Previous Mortgage Transaction Date: Dec 17, 2009
  • Previous Mortgage Loan Amount: $417,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2025

About Morris



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Frequently Asked Questions

What neighborhood is 8 Spring Lake Drive located in?
The 8 Spring Lake Drive is a house located in the neighborhood of Morris in Morris, Far Hills.
What is the average sales price for listings in 8 Spring Lake Drive?
The average sales price for units in 8 Spring Lake Drive is $0 currently.

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