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85 Oak Lane

85 Oak Lane, Edison, NJ 08817
Property in Middlesex
Sold Nov 13, 2015
$295,000
$221,250 by American Federal Mortgage Corp
Mortgage Due Nov 01, 2045
Sold Dec 07, 1998
$163,500
$90,000 by Summit Bk
Mortgage
85 Oak Lane in Edison, NJ was first built in 1962 and is 62 years old. This has been categorized as a residential property type. There are a total of 2 floors. 85 Oak Lane has 1,944 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. The linear feet across the front of the lot is 530 ft and the linear feet between the front and back of the lot is 990. In total, the area measurement of the land is 5,247 square feet.

Learn more about the property and building on this page. 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. 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, 85 Oak Lane sold most recently in Oct 22, 2015 for a total of $295,000. If you work out the math, that's approximately a cost of $151.75 per sqft. Before that, the property was also sold for $163,500 in Nov 12, 1998. 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 $8,920 in taxes each year. 85 Oak Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $150,600. If we break it down further, the land itself was valued at $76,000. Improvements to the property, however, were assessed at a total of $74,600. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.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: 1962
  • Effective Year Built: 1962
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,247
  • Lot Size Depth Feet: 990
  • Lot Size Frontage Feet: 530
  • Total Building Area: 1,944
  • Building Area: 1,944
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,944
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GREEN PARK SEC 1-B
  • Land Acres: 0.12
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : ZHANG WENFENG
  • Current Owner 2: WANG JINGYI
  • Previous Owner : LALLEY RAYMOND
  • Owner Before Previous Owner: WUSS S ROBERT
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Edison Township School District
  • Census Tract: 001600

Zoning

  • Zoning: RB

Geography

  • Assessors Map Reference: TAX MAP 26
  • District: 05
  • Parcel: 05 00130- 01-00003
  • Block: 130.01
  • Lot: 3
  • Municipality: EDISON TWP
  • Latitude: 40.5069
  • Longitude: -74.4085

    Address

  • Full Address: 85 Oak Ln
  • Address - House Number: 85
  • Address - Street Name: Oak
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Edison
  • Carrier Code: C101
  • 4-Digit Zip Code: 3570
  • Zip Code: 08817

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,920

    Appraisal Valuation

  • Standard Deviation: 0.18
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 551,284
  • High Value: 650,549
  • Low Value: 452,019

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $221,250
  • First Open Lien Mortgage Lender: AMERICAN FEDERAL MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Nov 13, 2015
  • First Open Lien Mortgage Loan Amount: $221,250
  • 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, 2045

    Market Valuation

  • Market Total Value: $150,600
  • Market Land Value: $76,000
  • Market Improvement Value: $74,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $150,600
  • Assessed Land Value: $76,000
  • Assessed Improvements Value: $74,600

    Sales

  • Current Sale Contract Date: Oct 22, 2015
  • Current Sale Recording Date: Nov 13, 2015
  • Current Sale Transaction ID: 1477939889
  • Current Sale Price: $295,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 201511130240
  • Previous Sale Recording Date: Dec 07, 1998
  • Previous Sale Contract Date: Nov 12, 1998
  • Previous Sale Amount: $163,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN FEDERAL MORTGAGE CORP
  • First Mortgage Transaction Date: Nov 13, 2015
  • First Mortgage Loan Amount: $221,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2045

    Previous Mortgages

  • Previous Mortgage Lender: SUMMIT BK
  • Previous Mortgage Transaction Date: Dec 07, 1998
  • Previous Mortgage Loan Amount: $90,000
  • Previous Mortgage Term: 360

About Middlesex



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Frequently Asked Questions

What neighborhood is 85 Oak Lane located in?
The 85 Oak Lane is a located in the neighborhood of Middlesex in Middlesex, Edison.
What is the average sales price for listings in 85 Oak Lane?
The average sales price for units in 85 Oak Lane is $0 currently.

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