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3316 Franklin Lane

3316 Franklin Lane, Rockaway, NJ 07866
Property in Morris
Sold Jan 02, 2020
$400,001
$120,000 by Vast Bank Na
Mortgage Due Jan 01, 2035
Sold Dec 24, 2002
$465,000
Local assessors in Rockaway, NJ have categorized 3316 Franklin Lane as a residential type of property. The home was built in 2002 and is 22 years old. The property's lot size has been calculated to be 671 square feet. If we look only at the heated or air conditioned part of the building, then 3316 Franklin Lane has a total of 2,308 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. The property was last sold in Dec 13, 2019 for $400,001. That's $173.31 per sqft. Prior to that sales transaction, the property was also sold in Nov 27, 2002 for $465,000. 3316 Franklin Lane was last assessed in 2023. The total value of the property was assessed at $408,700. Specifically, the land the property is located on was valued at $100,000. While improvements on the property were assessed at a total of $308,700. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $10,724. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. 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: 2002
  • Effective Year Built: 2002
  • Bedroom Count: 0
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 671
  • Total Building Area: 2,308
  • Building Area: 2,308
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,308
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: JEFFERSON BUILDING
  • Land Acres: 0.015
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BLOCK: 11302.03

Ownership

  • Current Owner : DICKERSON HARRY CHARLES
  • Current Owner 2: DICKERSON PATRICIA E
  • Previous Owner : CESTARO MICHELE R
  • Previous Owner 2: LETTERA FRANK
  • Owner Before Previous Owner: FOX DEVELOPMENT
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Rockaway Township School District
  • Census Tract: 044503

Zoning

  • Zoning: OREH

Geography

  • Assessors Map Reference: TAX MAP 113
  • District: 35
  • Parcel: 35 11302- 03-00003- 16
  • Block: 11302
  • Lot: 3.16
  • Municipality: ROCKAWAY TWP
  • Latitude: 40.9127
  • Longitude: -74.5458

    Address

  • Full Address: 3316 Franklin Ln
  • Address - House Number: 3316
  • Address - Street Name: Franklin
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Rockaway
  • Carrier Code: C008
  • 4-Digit Zip Code: 5820
  • Zip Code: 07866

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,724

    Appraisal Valuation

  • Standard Deviation: 0.1725
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 77
  • Final Value: 583,778
  • High Value: 684,510
  • Low Value: 483,045

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $120,000
  • First Open Lien Mortgage Lender: VAST BANK NA
  • First Open Lien Mortgage Recording Date: Jan 02, 2020
  • First Open Lien Mortgage Loan Amount: $120,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2035

    Market Valuation

  • Market Total Value: $435,297
  • Market Land Value: $106,508
  • Market Improvement Value: $328,789

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $408,700
  • Assessed Land Value: $100,000
  • Assessed Improvements Value: $308,700

    Sales

  • Current Sale Contract Date: Dec 13, 2019
  • Current Sale Recording Date: Jan 02, 2020
  • Current Sale Transaction ID: 11716685342
  • Current Sale Price: $400,001
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2020000196
  • Previous Sale Recording Date: Dec 24, 2002
  • Previous Sale Contract Date: Nov 27, 2002
  • Previous Sale Amount: $465,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: VAST BANK NA
  • First Mortgage Transaction Date: Jan 02, 2020
  • First Mortgage Loan Amount: $120,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2035

About Morris



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Nearby Rentals

Unit for rent at 21 Reservoir Rd, Rockaway Twp., NJ, 07866

$1,700 /mo

  • 1 Bed
  • 1 Bath
21 Reservoir Rd #3, Rockaway Twp., NJ, 07866 Listing by ADAM KAMENMAN

Frequently Asked Questions

What neighborhood is 3316 Franklin Lane located in?
The 3316 Franklin Lane is a located in the neighborhood of Morris in Morris, Rockaway.
What is the average sales price for listings in 3316 Franklin Lane?
The average sales price for units in 3316 Franklin Lane is $0 currently.

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