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95 Rachel Court

95 Rachel Court, Franklin Park, NJ 08823
Property in Somerset
Sold Oct 13, 2016
$167,900
$134,320 by Bank America Fsb
Mortgage Due Nov 01, 2046
Sold Nov 07, 2008
$185,000
$175,010 by Security Atlantic Mortgage Com
Mortgage Due Nov 01, 2038
Local assessors in Franklin Park, NJ have categorized 95 Rachel Court as a residential type of property. The home was built in 1988 and is 36 years old. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. 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 95 Rachel Court has a total of 1,138 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. 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, 95 Rachel Court was last sold in Aug 2, 2016 for $167,900. According to our calculations, that's $147.54 per sqft. Prior to that sales transaction, the property was sold for $185,000 in Oct 31, 2008. Current property owners are expected to pay $4,999 in taxes per year. The property on 95 Rachel Court was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $260,100. To break that down further, the land itself was valued at $110,000. While improvements to the property were assessed at a total of $150,100. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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: 1988
  • Effective Year Built: 1988
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Condo
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 0
  • Total Building Area: 1,138
  • Building Area: 1,138
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,138
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Standard Land Use Code: Condominium unit (residential)

Ownership

  • Current Owner : CHARLES MICHELLE
  • Previous Owner : U S BANK NA
  • Owner Before Previous Owner: WILLIAMS LAKEVA
  • Is Owner Occupied: Owner-occupied property
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Oct 10, 2022

Neighborhood

  • School District Name: Franklin Township School District
  • Census Tract: 053403

Zoning

  • Zoning: CR

Geography

  • Assessors Map Reference: TAX MAP 2412
  • District: 08
  • Parcel: 08 00034- 08-00054- 01-C4516
  • Block: 34.08
  • Lot: 54.01
  • Municipality: FRANKLIN TWP
  • Latitude: 40.4361
  • Longitude: -74.5507

    Address

  • Full Address: 95 Rachel Ct
  • Address - House Number: 95
  • Address - Street Name: Rachel
  • Address - Suffix Type: Ct
  • State: NJ
  • City Name: Franklin Park
  • Carrier Code: C003
  • 4-Digit Zip Code: 1544
  • Zip Code: 08823

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,999

    Appraisal Valuation

  • Standard Deviation: 0.1373
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 84
  • Final Value: 320,091
  • High Value: 364,055
  • Low Value: 276,127

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $134,320
  • First Open Lien Mortgage Lender: BANK AMERICA FSB
  • First Open Lien Mortgage Recording Date: Oct 13, 2016
  • First Open Lien Mortgage Loan Amount: $134,320
  • 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, 2046

    Market Valuation

  • Market Total Value: $257,244
  • Market Land Value: $108,792
  • Market Improvement Value: $148,452

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $260,100
  • Assessed Land Value: $110,000
  • Assessed Improvements Value: $150,100

    Sales

  • Current Sale Contract Date: Aug 02, 2016
  • Current Sale Recording Date: Oct 13, 2016
  • Current Sale Transaction ID: 1861497598
  • Current Sale Price: $167,900
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2016044301
  • Previous Sale Recording Date: Nov 07, 2008
  • Previous Sale Contract Date: Oct 31, 2008
  • Previous Sale Amount: $185,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK AMERICA FSB
  • First Mortgage Transaction Date: Oct 13, 2016
  • First Mortgage Loan Amount: $134,320
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: SECURITY ATLANTIC MORTGAGE COM
  • Previous Mortgage Transaction Date: Nov 07, 2008
  • Previous Mortgage Loan Amount: $175,010
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Nov 01, 2038

About Franklin Park



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Frequently Asked Questions

What neighborhood is 95 Rachel Court located in?
The 95 Rachel Court is a located in the neighborhood of Somerset in Franklin Park, Franklin Park.
What is the average sales price for listings in 95 Rachel Court?
The average sales price for units in 95 Rachel Court is $0 currently.

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