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32 Rachael Avenue

32 Rachael Avenue, Madison, NJ 07940
Property in Morris
Sold Jul 22, 2002
$835,000
Seller
Sold May 22, 2000
$729,900
$547,425 by Cendant Mtg Corp
Mortgage Due Jun 01, 2030
32 Rachael Avenue has been categorized by the local assessors in Madison, NJ as a residential type of property. The building on the property was first built in 2000 and is 24 years old. The building has a total of 2 stories. In addition, 32 Rachael Avenue has 3,238 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 11,979 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. For the features and amenities located on the property. There is a garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. 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, 32 Rachael Avenue sold most recently in Jun 25, 2002 for a total of $835,000. If you work out the math, that's approximately a cost of $257.88 per sqft. Before that, the property was also sold for $729,900 in May 8, 2000. 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 $19,194 in taxes each year. 32 Rachael Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $932,200. If we break it down further, the land itself was valued at $312,200. Improvements to the property, however, were assessed at a total of $620,000. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 2000
  • Effective Year Built: 2000
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 11,979
  • Total Building Area: 3,238
  • Building Area: 3,238
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,238
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.275
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : PANAH MICHAEL
  • Previous Owner : REGAN JOE
  • Owner Before Previous Owner: DEMARZO JOSEPH S
  • Owner Before Previous Owner 2: DEMARZO FLORENCE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Madison Borough School District
  • Census Tract: 043200

Zoning

  • Zoning: R-3

Geography

  • District: 17
  • Parcel: 17 04315-0000-00014- 03
  • Block: 4315
  • Lot: 14.03
  • Municipality: MADISON BORO
  • Latitude: 40.7507
  • Longitude: -74.433

    Address

  • Full Address: 32 Rachael Ave
  • Address - House Number: 32
  • Address - Street Name: Rachael
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Madison
  • Carrier Code: C009
  • 4-Digit Zip Code: 2416
  • Zip Code: 07940

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $19,194

    Appraisal Valuation

  • Standard Deviation: 0.1562
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 80
  • Final Value: 1,414,548
  • High Value: 1,635,513
  • Low Value: 1,193,583

    Market Valuation

  • Market Total Value: $1,143,383
  • Market Land Value: $382,927
  • Market Improvement Value: $760,456

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $932,200
  • Assessed Land Value: $312,200
  • Assessed Improvements Value: $620,000

    Sales

  • Current Sale Contract Date: Jun 25, 2002
  • Current Sale Recording Date: Jul 22, 2002
  • Current Sale Transaction ID: 1062157099
  • Current Sale Price: $835,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: May 22, 2000
  • Previous Sale Contract Date: May 08, 2000
  • Previous Sale Amount: $729,900
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: HUDSON CITY SAV
  • First Mortgage Transaction Date: Jul 22, 2002
  • First Mortgage Loan Amount: $669,000
  • First Mortgage Terms: 360

    Previous Mortgages

  • Previous Mortgage Lender: CENDANT MTG CORP
  • Previous Mortgage Transaction Date: May 22, 2000
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $547,425
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Jun 01, 2030

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Frequently Asked Questions

What neighborhood is 32 Rachael Avenue located in?
The 32 Rachael Avenue is a located in the neighborhood of Morris in Madison, Madison.
What is the average sales price for listings in 32 Rachael Avenue?
The average sales price for units in 32 Rachael Avenue is $0 currently.

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