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89 Cherry Street

89 Cherry Street, West Orange, NJ 07052
Property in Essex
Sold Oct 05, 2020
$350,000
$343,660 by Finance Of America Mortgage Ll
Mortgage Due Oct 01, 2050
Sold Dec 05, 2007
$285,000
$330,742 by Brookview Rehab Funding Llc
Mortgage
89 Cherry Street has been categorized by the local assessors in West Orange, NJ as a residential type of property. The building on the property was first built in 1911 and is 113 years old. The building has a total of 2 stories. In addition, 89 Cherry Street has 1,968 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,000 ft and across the front of the lot is 250 ft. The area measurement of the land has been determined as 2,500 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. 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, 89 Cherry Street sold most recently in Sep 1, 2020 for a total of $350,000. If you work out the math, that's approximately a cost of $177.85 per sqft. Before that, the property was also sold for $285,000 in Nov 14, 2007. 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 $10,099 in taxes each year. 89 Cherry Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $227,600. If we break it down further, the land itself was valued at $72,500. Improvements to the property, however, were assessed at a total of $155,100. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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!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: 1911
  • Effective Year Built: 1911
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,968
  • Building Area: 1,968
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,968
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.057
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : ONUBOGU CHIZOBA
  • Previous Owner : LEVINE JASON
  • Owner Before Previous Owner: MORTGAGE MANAGEMENT CONSULTING INC

Neighborhood

  • School District Name: West Orange Town School District
  • Census Tract: 017600

Zoning

  • Zoning: R-T

Geography

  • Assessors Map Reference: TAX MAP 56
  • District: 22
  • Parcel: 22 00136-0000-00018
  • Block: 136
  • Lot: 18
  • Municipality: WEST ORANGE TWP
  • Latitude: 40.7927
  • Longitude: -74.2307

    Address

  • Full Address: 89 Cherry St
  • Address - House Number: 89
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: NJ
  • City Name: West Orange
  • Carrier Code: C053
  • 4-Digit Zip Code: 5903
  • Zip Code: 07052

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,099

    Appraisal Valuation

  • Standard Deviation: 0.2415
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 66
  • Final Value: 489,256
  • High Value: 607,443
  • Low Value: 371,069

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $343,660
  • First Open Lien Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • First Open Lien Mortgage Recording Date: Oct 05, 2020
  • First Open Lien Mortgage Loan Amount: $343,660
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2050

    Market Valuation

  • Market Total Value: $227,600
  • Market Land Value: $72,500
  • Market Improvement Value: $155,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $227,600
  • Assessed Land Value: $72,500
  • Assessed Improvements Value: $155,100

    Sales

  • Current Sale Contract Date: Sep 01, 2020
  • Current Sale Recording Date: Oct 05, 2020
  • Current Sale Transaction ID: 11793054106
  • Current Sale Price: $350,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2020097709
  • Previous Sale Recording Date: Dec 05, 2007
  • Previous Sale Contract Date: Nov 14, 2007
  • Previous Sale Amount: $285,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • First Mortgage Transaction Date: Oct 05, 2020
  • First Mortgage Loan Amount: $343,660
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Oct 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: BROOKVIEW REHAB FUNDING LLC
  • Previous Mortgage Transaction Date: Dec 05, 2007
  • Previous Mortgage Loan Amount: $330,742
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About Essex



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Frequently Asked Questions

What neighborhood is 89 Cherry Street located in?
The 89 Cherry Street is a located in the neighborhood of Essex in Essex, West Orange.
What is the average sales price for listings in 89 Cherry Street?
The average sales price for units in 89 Cherry Street is $0 currently.

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