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324 Ralph Street

324 Ralph Street, Somerset, NJ 08873
Property in Somerset
Sold Jan 29, 2021
Transfer
$319,495 by Federal Svgs Bk
Mortgage Due Jul 01, 2053
324 Ralph Street has been categorized by the local assessors in Somerset, NJ as a residential type of property. The building on the property was first built in 1956 and is 68 years old. The building has a total of 2 stories. In addition, 324 Ralph Street has 1,392 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 800 ft and across the front of the lot is 1,100 ft. The area measurement of the land has been determined as 8,800 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 is one available parking space. 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. 324 Ralph Street was last assessed in 2023. The total value of the property was assessed at $316,700. Specifically, the land the property is located on was valued at $197,400. While improvements on the property were assessed at a total of $119,300. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $6,144. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 8,800
  • Lot Size Depth Feet: 800
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 1,392
  • Building Area: 1,392
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,392
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.202
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : WILLIAMS BRANTLEY M
  • Previous Owner : WILLIAMS BRANTLY
  • Previous Owner 2: WILLIAMS BRANTLEY M
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Franklin Township School District
  • Census Tract: 053200

Zoning

  • Zoning: R7

Geography

  • Assessors Map Reference: TAX MAP 8101
  • District: 08
  • Parcel: 08 00221-0000-00001
  • Block: 221
  • Lot: 1
  • Municipality: FRANKLIN TWP
  • Latitude: 40.4933
  • Longitude: -74.4752

    Address

  • Full Address: 324 Ralph St
  • Address - House Number: 324
  • Address - Street Name: Ralph
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Somerset
  • Carrier Code: C015
  • 4-Digit Zip Code: 2050
  • Zip Code: 08873

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,144

    Appraisal Valuation

  • Standard Deviation: 0.2323
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 67
  • Final Value: 428,692
  • High Value: 528,306
  • Low Value: 329,078

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $573,845
  • First Open Lien Mortgage Lender: FEDERAL SVGS BK
  • First Open Lien Mortgage Recording Date: Jul 03, 2023
  • First Open Lien Mortgage Loan Amount: $319,495
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2053
  • Second Open Lien Mortgage Lender: FREEDOM MORTGAGE CORPORATION
  • Second Open Lien Mortgage Recording Date: May 12, 2022
  • Second Open Lien Mortgage Loan Amount: $254,350
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Jun 01, 2052

    Market Valuation

  • Market Total Value: $313,223
  • Market Land Value: $195,233
  • Market Improvement Value: $117,990

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $316,700
  • Assessed Land Value: $197,400
  • Assessed Improvements Value: $119,300

    Sales

  • Current Sale Contract Date: Nov 24, 2020
  • Current Sale Recording Date: Jan 29, 2021
  • Current Sale Transaction ID: 11823922851
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 2021006642

    Last Sale Mortgage

  • First Mortgage Lender: FREEDOM MORTGAGE CORP
  • First Mortgage Transaction Date: Jan 29, 2021
  • First Mortgage Loan Amount: $212,995
  • First Mortgage Terms: 331
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Sep 01, 2048

About East Franklin



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Frequently Asked Questions

What neighborhood is 324 Ralph Street located in?
The 324 Ralph Street is a located in the neighborhood of Somerset in East Franklin, Somerset.
What is the average sales price for listings in 324 Ralph Street?
The average sales price for units in 324 Ralph Street is $0 currently.

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