Welcome to 250 Drake Lane, a building located in Morris in Ledgewood, NJ.
As a quick overview, these are the most up-to-date information we've collected about the property.
The building itself was built in 1989.
There are a total of 2 floors.
Finally, 250 Drake Lane was most recently sold on Jan 8, 2021 for $215,000.
The market value for the land that the building sits on has been listed at $109,516.
In addition, improvements upon the building have an added value of $139,937.
In total, the total market value of the property as a whole is $249,453.
According to local assessors, the total value of the building is currently valued at $205,000.
Specifically, the value of the land that the property sits on has been assessed at $90,000.
The building was last assessed in 2023.
Here's what we know about the features and amenities in this building.
While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead.
We are not sure what system the building uses for cooling.
Sadly, informaton related to the heating system was not disclosed.
There is no porch or patio on the premise of the property.
For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool.
The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
More About The Building
In total, the building area is listed as 1,213 square feet.
Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition.
The building class code for 250 Drake Lane is unknown but given the importance of this information, we will work to update this data as soon as possible.
Interested in learning more about the neighborhood that the property is located in?
Buildings in the 07852 area have a median price of $2,625.
Those in the 25th percentile, have a price around $2,513.
While those in the 75th percentile, have a price around $2,813.
As a breakdown, we've included the following stats:
- There are currently no studio listings being advertised in the area.
- There are currently no one bedroom listings being advertised in the area.
- There are currently a total of 2 two bedroom listings.
The median price for these types of listings is $2,513.
- There is currently a single advertised three bedroom listing.
- There are currently no four bedroom listings being advertised in the area.
About The Area
250 Drake Lane is located in 07852.
There are 4,227 people living here.
There are 1,520 households.
Most of these households have an average family size of 3.49 people.
According to the census, 24% are currently renting while 76% own their homes.
The median age of this population is around 44.1 years old.
On average, most folks in the zipcode are married.
About 22% of folks speak a language other than English in this area.
The area's employment rate is currently around 65.3%.
Speaking of employment, the median income is $96,422.
Most folks will commute by car for around 35.3 minutes.
Finally, we know that 22% of residents in the area have graduated with their high school degree.
Additionally, 36% and 10% have their Bachelor's and Master's degree, respectfully.
Moving on to the county level.
Morris County, New Jersey has a population of 498,215 people.
Based on census records, there are 179,734 registered households.
Families in this area are on average made up of 3.25 people per household.
Most folks are married.
They are also typically around 42.2 years old.
Does diversity matter to you? Right now, 24% of folks speak a language other than English here.
About 25% rent while 75% purchased their homes.
Right now, the community is made up of 22% of residents who have graduated with at least a high school degree.
On top of that, 31% have a Bachelor's degree and 21% have a Master's degree.
The employment rate is currently around 64.9%.
Those employed, have a median income of $102,798.
Finally, let's take a look at the stats related to New York - Newark, NY - NJ - CT Urban Area.
The urban area is home to 18,812,161 people.
A total of 6,707,347 households are registered here.
With average family sizes being listed at 3.42 people.
About 25% of residents have graduated with a high school degree.
Of the rest, 22% have their Bachelor's and 16% have their Master's degree.
Folks speaking a language other than English, make up about 40% of the population.
Speaking of your commute, 59.7% of people in this area are employed.
The recorded median income is currently at $68,319 per year.
The median population age has been listed at 37.8 years old.
Interestingly enough, unmarried people make up the majority of the population.
Last but not least, renters make up about 50% of the population while homeowners are at about 50% of the population.
