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87 Greenwood Avenue

87 Greenwood Avenue, Madison, NJ 07940
Property in Morris
Sold Jul 27, 2020
$875,000
$765,500 by Guaranteed Rate Inc
Mortgage Due Aug 01, 2050
Sold Aug 01, 1995
$313,000
87 Greenwood Avenue has been categorized by the local assessors in Madison, NJ as a residential type of property. The building on the property was first built in 1983 and is 41 years old. The building has a total of 2 stories. In addition, 87 Greenwood Avenue has 2,846 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 9,365 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note 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, 87 Greenwood Avenue sold most recently in Jul 12, 2020 for a total of $875,000. If you work out the math, that's approximately a cost of $307.45 per sqft. Before that, the property was also sold for $313,000 in Jul 31, 1995. 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 $13,995 in taxes each year. 87 Greenwood Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $679,700. If we break it down further, the land itself was valued at $315,300. Improvements to the property, however, were assessed at a total of $364,400. 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. 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. 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: 1983
  • Effective Year Built: 1983
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 9,365
  • Total Building Area: 2,846
  • Building Area: 2,846
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,846
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.215
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : CRAWLEY MARY LEA
  • Current Owner 2: PRATT ROBERT
  • Previous Owner : COSTELLO LAURA L
  • Owner Before Previous Owner: ZIMMERMAN DAVID J
  • Owner Before Previous Owner 2: ZIMMERMAN GRACE CAMILLE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Madison Borough School District
  • Census Tract: 043000

Zoning

  • Zoning: R-3

Geography

  • District: 17
  • Parcel: 17 00907-0000-00001- 01
  • Block: 907
  • Lot: 1.01
  • Municipality: MADISON BORO
  • Latitude: 40.7619
  • Longitude: -74.4066

    Address

  • Full Address: 87 Greenwood Ave
  • Address - House Number: 87
  • Address - Street Name: Greenwood
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Madison
  • Carrier Code: C010
  • 4-Digit Zip Code: 1729
  • Zip Code: 07940

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $13,995

    Appraisal Valuation

  • Standard Deviation: 0.1682
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 78
  • Final Value: 1,132,336
  • High Value: 1,322,838
  • Low Value: 941,835

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $821,500
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Jul 27, 2020
  • First Open Lien Mortgage Loan Amount: $765,500
  • 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: Aug 01, 2050
  • Second Open Lien Mortgage Lender: AFFINITY FCU
  • Second Open Lien Mortgage Recording Date: May 18, 2021
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $56,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Apr 21, 2051

    Market Valuation

  • Market Total Value: $833,681
  • Market Land Value: $386,729
  • Market Improvement Value: $446,952

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $679,700
  • Assessed Land Value: $315,300
  • Assessed Improvements Value: $364,400

    Sales

  • Current Sale Contract Date: Jul 12, 2020
  • Current Sale Recording Date: Jul 27, 2020
  • Current Sale Transaction ID: 11778393095
  • Current Sale Price: $875,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2020048175
  • Previous Sale Recording Date: Aug 01, 1995
  • Previous Sale Contract Date: Jul 31, 1995
  • Previous Sale Amount: $313,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Jul 27, 2020
  • First Mortgage Loan Amount: $765,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2050

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Frequently Asked Questions

What neighborhood is 87 Greenwood Avenue located in?
The 87 Greenwood Avenue is a located in the neighborhood of Morris in Madison, Madison.
What is the average sales price for listings in 87 Greenwood Avenue?
The average sales price for units in 87 Greenwood Avenue is $0 currently.

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