140 Demott Lane

140 Demott Lane in Somerset, NJ was first built in 1955 and is 69 years old. This has been categorized as a residential property type. It is a single story home. 140 Demott Lane has 1,508 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 1,150 ft and the linear feet between the front and back of the lot is 3,900. In total, the area measurement of the land is 44,850 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. There is one available parking space. 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, 140 Demott Lane sold most recently in Jun 6, 2021 for a total of $410,000. If you work out the math, that's approximately a cost of $271.88 per sqft. 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 $8,504 in taxes each year. 140 Demott Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $440,400. If we break it down further, the land itself was valued at $274,700. Improvements to the property, however, were assessed at a total of $165,700. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.