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318 West Main Street

318 West Main Street, Bound Brook, NJ 08805
Property in Somerset
Sold Aug 06, 2007
$299,000
$196,000 by Loandepot.com Llc
Mortgage Due Jun 01, 2050
Sold Mar 19, 1998
$95,900
$95,000 by First Town Mortgage Corp
Mortgage
Local assessors in Bound Brook, NJ have categorized 318 West Main Street as a residential type of property. The home was built in 1900 and is 124 years old. The property's lot size has been calculated to be 5,800 square feet. The linear feet between the front and back of the lot was measured at 1,160 ft and the front of the lot was measured at 500 ft. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 318 West Main Street has a total of 1,634 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 other control joints. Lots of stucco were used in the construction of the exterior walls of the home. 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, 318 West Main Street sold most recently in Jul 23, 2007 for a total of $299,000. If you work out the math, that's approximately a cost of $182.99 per sqft. Before that, the property was also sold for $95,900 in Mar 16, 1998. 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 $8,038 in taxes each year. 318 West Main Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $340,900. If we break it down further, the land itself was valued at $123,300. Improvements to the property, however, were assessed at a total of $217,600. The property's total assessed value has been marked as more than the total market value which is pretty atypical. 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: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 0
  • Construction Type: Other
  • Exterior Walls Type: Stucco
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,800
  • Lot Size Depth Feet: 1,160
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,634
  • Building Area: 1,634
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,634
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.133
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : ASKLOF ROBERT
  • Current Owner 2: ASKLOF ASHLEY
  • Previous Owner : KIPP MICHAEL W
  • Previous Owner 2: KIPP KAREN A
  • Owner Before Previous Owner: KORDELSKI ROBERT
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Bound Brook Borough School District
  • Census Tract: 051200

Zoning

  • Zoning: R4

Geography

  • District: 04
  • Parcel: 04 00001-0000-00004
  • Block: 1
  • Lot: 4
  • Municipality: BOUND BROOK BORO
  • Latitude: 40.5596
  • Longitude: -74.5449

    Address

  • Full Address: 318 W Main St
  • Address - House Number: 318
  • Street Direction: W
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Bound Brook
  • Carrier Code: C001
  • 4-Digit Zip Code: 1840
  • Zip Code: 08805

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,038

    Appraisal Valuation

  • Standard Deviation: 0.1653
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 79
  • Final Value: 428,321
  • High Value: 499,139
  • Low Value: 357,503

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $196,000
  • First Open Lien Mortgage Lender: LOANDEPOT.COM LLC
  • First Open Lien Mortgage Recording Date: May 13, 2020
  • First Open Lien Mortgage Loan Amount: $196,000
  • 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: Jun 01, 2050

    Market Valuation

  • Market Total Value: $327,222
  • Market Land Value: $118,353
  • Market Improvement Value: $208,869

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $340,900
  • Assessed Land Value: $123,300
  • Assessed Improvements Value: $217,600

    Sales

  • Current Sale Contract Date: Jul 23, 2007
  • Current Sale Recording Date: Aug 06, 2007
  • Current Sale Transaction ID: 1120642467
  • Current Sale Price: $299,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2007046238
  • Previous Sale Recording Date: Mar 19, 1998
  • Previous Sale Contract Date: Mar 16, 1998
  • Previous Sale Amount: $95,900
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Aug 06, 2007
  • First Mortgage Loan Amount: $298,500
  • First Mortgage Terms: 479
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Aug 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: FIRST TOWN MORTGAGE CORP
  • Previous Mortgage Transaction Date: Mar 19, 1998
  • Previous Mortgage Loan Amount: $95,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA

About Bound Brook



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Unit for rent at 14 Swing Bridge Ln., South Bound Brook Boro, NJ, 08880

$2,800 /mo

  • 2 Beds
  • 3 Baths
14 Swing Bridge Ln., South Bound Brook Boro, NJ, 08880 Listing by HEATHER RODRIGUEZ

Frequently Asked Questions

What neighborhood is 318 West Main Street located in?
The 318 West Main Street is a located in the neighborhood of Somerset in Bound Brook, Bound Brook.
What is the average sales price for listings in 318 West Main Street?
The average sales price for units in 318 West Main Street is $0 currently.

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