85 Lexington Lane

85 Lexington Lane has been categorized by the local assessors in Wayne, NJ as a residential type of property. The building on the property was first built in 1982 and is 42 years old. In addition, 85 Lexington Lane has 1,927 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 2,614 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a townhouse 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. The property was last sold in Oct 13, 2022 for $485,000. That's $251.69 per sqft. Prior to that sales transaction, the property was also sold in Mar 17, 2022 for $525,000. 85 Lexington Lane was last assessed in 2022. The total value of the property was assessed at $181,700. Specifically, the land the property is located on was valued at $50,000. While improvements on the property were assessed at a total of $131,700. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $10,262. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!