26 SHENIPSIT LAKE ROAD
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Location
26 SHENIPSIT LAKE ROAD
Mblu
20/ H/ 1/01 /
Acct#
5109
Owner
WAT REALTY LLC
Total Market Value
$5,459,200
Appraisal
$7,798,800
PID
3059
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2025$7,328,500$470,300$7,798,800
Assessment
Valuation YearImprovementsLandTotal
2025$5,130,000$329,200$5,459,200

Owner of Record
OwnerWAT REALTY LLC
Co-Owner
Address169 HIGHLAND AVE

EDISON, NJ 08817
Sale Price$8,750,000
Certificate
Book & Page 1565/131
Sale Date08/02/2021
Instrument00

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
WAT REALTY LLC$8,750,000 1565/1310008/02/2021
MRT OF TOLLAND CT SNF LLC$10,000,000 1433/03060007/05/2017
PROSPECT ECHN ELDERCARE SERVICES INC$0 1423/0178 03/02/2017
PROSPECT ELDERCARE SERVICES INC$7,750,000 1412/00921610/04/2016
ECHN ELDERCARE SERVICES INC$720,000 0413/01820012/18/1991

Building Information
Building 1 : Section 1
Year Built: 1992
Living Area: 65,721
Replacement Cost: $10,824,000
Building Percent Good: 63
Replacement Cost
Less Depreciation:
$6,819,100
Building Attributes
FieldDescription
Style:Nursing Home
ModelCommercial
GradeAverage +10
Stories:2
Occupancy130.00
Ext Wall 1Stucco/Masonry
Exterior Wall 2Brick/Masonry
Roof StructureGable/Hip
Roof CoverMetal/Tin
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2Vinyl/Asphalt
Heating FuelOil
Heating TypeHot Water
AC TypeCentral
Bldg UseCommercial
Total Rooms 
Total Bedrms 
Total Baths 
Solar 
1st Floor Use: 
Heat/ACHeat/AC Split
Frame TypeSteel
Baths/PlumbingAverage
Ceiling/WallSus Ceil Wall
Rooms/PrtnsAverage
Wall Height12.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASMain Floor 34,541 34,541
FUSFinished Upper Story 18,300 18,300
FLLFin. Lower Level 12,880 12,880
CANCanopy 54 0
FCPCarport, Paved 1,288 0
PTOPatio 915 0
   67,978 65,721

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
FPL1FIREPLACE 1 ST1.00 UNITS$4,7001
ELVELEVATOR2.00 UNITS$195,3001
SPR1SPRINKLERS-WET54636.00 S.F.$172,1001

Land
Land Use
Use Code200
DescriptionCommercial  
ZoneRDD
Neighborhood350C
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)6.39
Frontage509
Depth
Total Market Land$329,200
Appraised Value$470,300

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
SHDSHED1F1 Stry Frame120.00 S.F.$4,2001
PAVPAVINGAAsphalt50000.00 S.F.$107,5001
FPPORCH1O1 Stry Open400.00 S.F.$10,0001
PLSLightingL1Lighting 1 Fixt12.00 UNITS$15,6001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2025$7,328,500$470,300$7,798,800
2024$7,328,500$470,300$7,798,800
2023$6,729,700$470,300$7,200,000

Assessment
Valuation YearImprovementsLandTotal
2025$5,130,000$329,200$5,459,200
2024$5,130,000$329,200$5,459,200
2023$4,710,800$329,200$5,040,000

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