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857 Richard Street

857 Richard Street, Raritan, NJ 08869
Property in Somerset
Sold Jun 23, 2021
$446,000
$401,400 by Jpmorgan Chase Bank Na
Mortgage Due Jul 01, 2051
Sold Nov 01, 2013
$360,000
$353,479 by Gateway Funding Diversified Mt
Mortgage Due Nov 01, 2043
Local assessors in Raritan, NJ have categorized 857 Richard Street as a residential type of property. The home was built in 1950 and is 74 years old. The property's lot size has been calculated to be 11,000 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 1,100 ft. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 857 Richard Street has a total of 1,430 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this 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, 857 Richard Street was last sold in Jun 11, 2021 for $446,000. According to our calculations, that's $311.89 per sqft. Prior to that sales transaction, the property was sold for $360,000 in Oct 17, 2013. Current property owners are expected to pay $8,535 in taxes per year. The property on 857 Richard Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $299,800. To break that down further, the land itself was valued at $166,800. While improvements to the property were assessed at a total of $133,000. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1950
  • Effective Year Built: 1950
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 11,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 1,430
  • Building Area: 1,430
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,430
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SOMERVILLE PARK
  • Land Acres: 0.253
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : GORMAN TIMOTHY M
  • Current Owner 2: CARPENTER PAULINE L
  • Previous Owner : LUCIANO DAVID P
  • Previous Owner 2: SCHILLIZZI NICOLE P
  • Owner Before Previous Owner: MILLS CHRISTINA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Bridgewater-Raritan Regional School District
  • Census Tract: 050600

Zoning

  • Zoning: R3

Geography

  • Assessors Map Reference: TAX MAP 4
  • District: 16
  • Parcel: 16 00014-0000-00007
  • Block: 14
  • Lot: 7
  • Municipality: RARITAN BORO
  • Latitude: 40.5781
  • Longitude: -74.6414

    Address

  • Full Address: 857 Richard St
  • Address - House Number: 857
  • Address - Street Name: Richard
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Raritan
  • Carrier Code: C006
  • 4-Digit Zip Code: 1212
  • Zip Code: 08869

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,535

    Appraisal Valuation

  • Standard Deviation: 0.1553
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 80
  • Final Value: 496,241
  • High Value: 573,324
  • Low Value: 419,158

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $401,400
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Jun 23, 2021
  • First Open Lien Mortgage Loan Amount: $401,400
  • 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: Jul 01, 2051

    Market Valuation

  • Market Total Value: $397,454
  • Market Land Value: $221,132
  • Market Improvement Value: $176,322

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $299,800
  • Assessed Land Value: $166,800
  • Assessed Improvements Value: $133,000

    Sales

  • Current Sale Contract Date: Jun 11, 2021
  • Current Sale Recording Date: Jun 23, 2021
  • Current Sale Transaction ID: 11840800448
  • Current Sale Price: $446,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2021038925
  • Previous Sale Recording Date: Nov 01, 2013
  • Previous Sale Contract Date: Oct 17, 2013
  • Previous Sale Amount: $360,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Jun 23, 2021
  • First Mortgage Loan Amount: $401,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: GATEWAY FUNDING DIVERSIFIED MT
  • Previous Mortgage Transaction Date: Nov 01, 2013
  • Previous Mortgage Loan Amount: $353,479
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Nov 01, 2043

About Raritan



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Frequently Asked Questions

What neighborhood is 857 Richard Street located in?
The 857 Richard Street is a located in the neighborhood of Somerset in Raritan, Raritan.
What is the average sales price for listings in 857 Richard Street?
The average sales price for units in 857 Richard Street is $0 currently.

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