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6 Magnolia Lane

6 Magnolia Lane, Caldwell, NJ 07006
Property in Essex
Sold Aug 23, 2021
$363,500
$285,000 by Pinnacle Mortgage Inc
Mortgage Due Sep 01, 2051
Sold Feb 16, 1995
$163,000
$80,000 by Collective Bank
Mortgage
6 Magnolia Lane in Caldwell, NJ was first built in 1986 and is 38 years old. This has been categorized as a residential property type. 6 Magnolia Lane has 1,804 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. In total, the area measurement of the land is 3,049 square feet.

Learn more about the property and building on this page. 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, 6 Magnolia Lane sold most recently in Jul 27, 2021 for a total of $363,500. If you work out the math, that's approximately a cost of $201.50 per sqft. Before that, the property was also sold for $163,000 in Feb 6, 1995. 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 $9,792 in taxes each year. The initial year of tax delinquency occurred in 2018. 6 Magnolia Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $323,900. If we break it down further, the land itself was valued at $109,300. Improvements to the property, however, were assessed at a total of $214,600. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1986
  • Effective Year Built: 1986
  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,049
  • Total Building Area: 1,804
  • Building Area: 1,804
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,804
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MAGNOLIA CONDOMINIUM
  • Land Acres: 0.07
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : OLIVER CHELSEA
  • Previous Owner : SMITH COLLEEN M
  • Previous Owner 2: ESTATE OF JAMES R MURPHY
  • Owner Before Previous Owner: MORRELL NOREEN
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Caldwell-West Caldwell School District
  • Census Tract: 021702

Zoning

  • Zoning: RD

Geography

  • Assessors Map Reference: TAX MAP 5
  • Account Number: 00001087
  • District: 03
  • Parcel: 03 00041- 02-00006
  • Block: 41.02
  • Lot: 6
  • Municipality: CALDWELL BORO TWP
  • Latitude: 40.8452
  • Longitude: -74.2861

    Address

  • Full Address: 6 Magnolia Ln
  • Address - House Number: 6
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Caldwell
  • Carrier Code: C022
  • 4-Digit Zip Code: 5554
  • Zip Code: 07006

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,792
  • Intital Tax Deliquent Year: 2018

    Appraisal Valuation

  • Standard Deviation: 0.2304
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 68
  • Final Value: 489,013
  • High Value: 601,689
  • Low Value: 376,338

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $285,000
  • First Open Lien Mortgage Lender: PINNACLE MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Aug 23, 2021
  • First Open Lien Mortgage Loan Amount: $285,000
  • 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: Sep 01, 2051

    Market Valuation

  • Market Total Value: $323,900
  • Market Land Value: $109,300
  • Market Improvement Value: $214,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $323,900
  • Assessed Land Value: $109,300
  • Assessed Improvements Value: $214,600

    Sales

  • Current Sale Contract Date: Jul 27, 2021
  • Current Sale Recording Date: Aug 23, 2021
  • Current Sale Transaction ID: 11860567950
  • Current Sale Price: $363,500
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021103528
  • Previous Sale Recording Date: Feb 16, 1995
  • Previous Sale Contract Date: Feb 06, 1995
  • Previous Sale Amount: $163,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: PINNACLE MORTGAGE INC
  • First Mortgage Transaction Date: Aug 23, 2021
  • First Mortgage Loan Amount: $285,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: COLLECTIVE BANK
  • Previous Mortgage Transaction Date: Feb 16, 1995
  • Previous Mortgage Loan Amount: $80,000
  • Previous Mortgage Term: 360

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Frequently Asked Questions

What neighborhood is 6 Magnolia Lane located in?
The 6 Magnolia Lane is a located in the neighborhood of Essex in Caldwell, Caldwell.
What is the average sales price for listings in 6 Magnolia Lane?
The average sales price for units in 6 Magnolia Lane is $0 currently.

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