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81 Swing Bridge Lane

81 Swing Bridge Lane, South Bound Brook, NJ 08880
Property in Somerset
Sold Feb 01, 2007
$423,735
$240,000 by Wells Fargo Bank Na
Mortgage Due Aug 01, 2034
81 Swing Bridge Lane has been categorized by the local assessors in South Bound Brook, NJ as a residential type of property. The building on the property was first built in 2006 and is 18 years old. In addition, 81 Swing Bridge Lane has 2,096 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 897 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo 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. 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, 81 Swing Bridge Lane sold most recently in Dec 21, 2006 for a total of $423,735. If you work out the math, that's approximately a cost of $202.16 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 $0 in taxes each year. 81 Swing Bridge Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $320,000. If we break it down further, the land itself was valued at $60,000. Improvements to the property, however, were assessed at a total of $260,000. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 2006
  • Effective Year Built: 2006
  • Bedroom Count: 0
  • Building Style: Condo
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 897
  • Total Building Area: 2,096
  • Building Area: 2,096
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,096
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CANAL CROSSING CONDOMINIUM
  • Land Acres: 0.02
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: FACILITY NAME: URBAN RENEWAL

Ownership

  • Current Owner : LEE JASON J
  • Current Owner 2: LEE JENNY
  • Previous Owner : MATZEL & MUMFORD AT SOUTH BOUN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: South Bound Brook Borough School District
  • Census Tract: 053000

Geography

  • District: 19
  • Parcel: 19 00057- 01-00011- 09-CONDO
  • Block: 57.01
  • Lot: 11.09
  • Municipality: SO BOUND BROOK BORO
  • Latitude: 40.5576
  • Longitude: -74.5258

    Address

  • Full Address: 81 Swing Bridge Ln
  • Address - House Number: 81
  • Address - Street Name: Swing Bridge
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: South Bound Brook
  • Carrier Code: C003
  • 4-Digit Zip Code: 1492
  • Zip Code: 08880

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $0

    Appraisal Valuation

  • Standard Deviation: 0.1373
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 84
  • Final Value: 489,237
  • High Value: 556,432
  • Low Value: 422,041

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $460,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Jul 15, 2014
  • First Open Lien Mortgage Loan Amount: $240,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2034
  • Second Open Lien Mortgage Lender: BANK OF AMERICA NA
  • Second Open Lien Mortgage Recording Date: Mar 03, 2010
  • Second Open Lien Mortgage Loan Amount: $220,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Mar 01, 2040

    Market Valuation

  • Market Total Value: $418,300
  • Market Land Value: $78,431
  • Market Improvement Value: $339,869

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $320,000
  • Assessed Land Value: $60,000
  • Assessed Improvements Value: $260,000

    Sales

  • Current Sale Contract Date: Dec 21, 2006
  • Current Sale Recording Date: Feb 01, 2007
  • Current Sale Transaction ID: 11476011587
  • Current Sale Price: $423,735
  • Current Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: K HOVNANIAN AMERICAN MTG LLC
  • First Mortgage Transaction Date: Feb 01, 2007
  • First Mortgage Loan Amount: $200,000

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Frequently Asked Questions

What neighborhood is 81 Swing Bridge Lane located in?
The 81 Swing Bridge Lane is a located in the neighborhood of Somerset in South Bound Brook, South Bound Brook.
What is the average sales price for listings in 81 Swing Bridge Lane?
The average sales price for units in 81 Swing Bridge Lane is $0 currently.

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