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161 Academy Street

161 Academy Street, South Orange, NJ 07079
Property in Essex
Sold Jul 28, 2020
$477,000
$300,000 by Quicken Loans Llc
Mortgage Due Aug 01, 2050
Sold May 01, 2019
$213,000
161 Academy Street in South Orange, NJ was first built in 1903 and is 121 years old. This has been categorized as a residential property type. There are a total of 2 floors. 161 Academy Street has 1,788 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 280 ft and the linear feet between the front and back of the lot is 930. In total, the area measurement of the land is 2,701 square feet.

Learn more about the property and building on this page. 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. 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, 161 Academy Street was last sold in Jul 20, 2020 for $477,000. According to our calculations, that's $266.78 per sqft. Prior to that sales transaction, the property was sold for $213,000 in Apr 17, 2019. Current property owners are expected to pay $15,547 in taxes per year. The property on 161 Academy Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $443,300. To break that down further, the land itself was valued at $181,700. While improvements to the property were assessed at a total of $261,600. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1903
  • Effective Year Built: 1903
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,701
  • Lot Size Depth Feet: 930
  • Lot Size Frontage Feet: 280
  • Total Building Area: 1,788
  • Building Area: 1,788
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,788
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.062
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : WILD AMANDA
  • Previous Owner : GS 161 ACADEMY LLC
  • Owner Before Previous Owner: US BANK NA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: South Orange-Maplewood School District
  • Census Tract: 019300

Zoning

  • Zoning: R-B

Geography

  • Assessors Map Reference: TAX MAP 16
  • District: 19
  • Parcel: 19 02003-0000-00017
  • Block: 2003
  • Lot: 17
  • Municipality: SOUTH ORANGE VILLAGE TW
  • Latitude: 40.7426
  • Longitude: -74.2598

    Address

  • Full Address: 161 Academy St
  • Address - House Number: 161
  • Address - Street Name: Academy
  • Address - Suffix Type: St
  • State: NJ
  • City Name: South Orange
  • Carrier Code: C011
  • 4-Digit Zip Code: 1843
  • Zip Code: 07079

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $15,547

    Appraisal Valuation

  • Standard Deviation: 0.2144
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 70
  • Final Value: 724,694
  • High Value: 880,120
  • Low Value: 569,268

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $300,000
  • First Open Lien Mortgage Lender: QUICKEN LOANS LLC
  • First Open Lien Mortgage Recording Date: Jul 28, 2020
  • First Open Lien Mortgage Loan Amount: $300,000
  • 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

    Market Valuation

  • Market Total Value: $443,300
  • Market Land Value: $181,700
  • Market Improvement Value: $261,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $443,300
  • Assessed Land Value: $181,700
  • Assessed Improvements Value: $261,600

    Sales

  • Current Sale Contract Date: Jul 20, 2020
  • Current Sale Recording Date: Jul 28, 2020
  • Current Sale Transaction ID: 11787063603
  • Current Sale Price: $477,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2020069273
  • Previous Sale Recording Date: May 01, 2019
  • Previous Sale Contract Date: Apr 17, 2019
  • Previous Sale Amount: $213,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS LLC
  • First Mortgage Transaction Date: Jul 28, 2020
  • First Mortgage Loan Amount: $300,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2050

About Essex



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Frequently Asked Questions

What neighborhood is 161 Academy Street located in?
The 161 Academy Street is a located in the neighborhood of Essex in Essex, South Orange.
What is the average sales price for listings in 161 Academy Street?
The average sales price for units in 161 Academy Street is $0 currently.

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