$726,000
SOLD SEP 2, 2024

1 Magnolia Rd Somerset, NJ 08873

4 Beds
2.5 Baths
1,982 Sq Ft
0.52 Acres

Recently Sold

$366 Per Sq Ft

5% Above List Price

13 Days on Market

Highlights

  • 0.52 Acre Lot
  • Property is near public transit
  • Attic
  • Colonial Architecture
  • Wood Flooring
  • Sun or Florida Room

About This Home

As of September 2024

This meticulously maintained colonial features 4 bedrooms and 2.5 bathrooms. The inviting interior boasts a spacious formal living room, family room with brick wood-burning fireplace and a 2-car garage with ample options for storage. An extra bonus room is well situated in a secondary bedroom with a sun-kissed skylight. Enjoy a Florida room with a private stone walkway leading to the plush serene backyard, all situated on a beautifully landscaped half-acre lot. Close to local parks, municipal center, major transportation (I-287, Rte 1, NJ Turnpike) This home is a must-see!

Last Agent to Sell the Property

Nayna Bawa

NEW JERSEY REALTY, LLC. Listed on: 05/21/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,636

Year Built

  • Built in 1979

Lot Details

  • 0.52 Acre Lot
  • Lot Dimensions are 197.00 x 0.00
  • Private Yard
  • Property is zoned R20

Parking

  • 2 Car Attached Garage
  • Side by Side Parking
  • Open Parking

Home Design

  • Colonial Architecture
  • Asphalt Roof

Interior Spaces

  • 1,982 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Entrance Foyer
  • Living Room
  • Formal Dining Room
  • Sun or Florida Room
  • Attic

Kitchen

  • Eat-In Kitchen
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bathroom is a Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • Forced Air Heating System
  • Underground Utilities
  • Gas Water Heater

Community Details

  • Magnolia Rd Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,636

Year Built

Built in 1979

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.5156
  • Lot Size: 197.00 x 0.00
  • Ownership: Fee Simple
  • Subdivision Name: Magnolia Rd
  • Architectural Style: Colonial
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built: 1979
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 2

Interior Features

  • Dining Room Features: Formal Dining Room
  • Master Bedroom Features: Full Bath
  • Room Kitchen Features: Eat-in Kitchen
  • Appliances: Dishwasher, Dryer, Refrigerator, Washer, Gas Water Heater
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Wood
  • Interior Amenities: Entrance Foyer, Kitchen, Laundry Room, Bath Half, Living Room, Dining Room, Florida Room, 4 Bedrooms, Bath Full, Bath Main, Attic
  • Living Area: 1982
  • Stories: 2

Exterior Features

  • Lot Features: Near Shopping, Near Train
  • Exterior Features: Yard
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: 2 Car Width, Asphalt, Garage, Attached

Utilities

  • Gas Company: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association #2 Fee Frequency: Monthly

Lot Info

  • Lot Size Sq Ft: 22460
  • Zoning: R20

Tax Info

  • Tax Annual Amount: 9636
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2024
Closed on
Aug 30, 2024
Sold by
Mastyka Daniel and Lecka Mariola
Bought by
Stephan Caroline and Elmorshedy Youssef
Seller's Agent
Nayna Bawa
NEW JERSEY REALTY, LLC.
List Price
$689,000
Sold Price
$726,000
Premium/Discount to List
$37,000
5.37%
Views
207
Current Estimated Value
$745,184

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,184
Avg. Annual Appreciation
0.96%
Original Mortgage
$582,250
Outstanding Balance
$578,702
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$153,716

Purchase Details

Listed on
Apr 30, 2013
Closed on
Apr 18, 2013
Sold by
Pape Deborah A
Bought by
Mastyka Daniel
Seller's Agent
Mark S. Heflin
RE/MAX PREFERRED PROFESSIONALS
Buyer's Agent
Douglas Swearengin
RE/MAX INSTYLE
Sold Price
$355,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.51%
Original Mortgage
$255,000
Interest Rate
3.57%
Mortgage Type
New Conventional
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $726,000 Westcor Land Title
Deed $355,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $582,250 New Conventional
Previous Owner $255,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2024 09/02/24 Sold $726,000 +5.4% $366 / Sq Ft
05/21/2024 05/21/24 For Sale $689,000 +94.1% $348 / Sq Ft
04/30/2013 04/30/13 Sold $355,000 -- --
Source: All Jersey MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $9,986 $549,300 $328,600 $220,700
2023 $9,950 $515,300 $294,600 $220,700
2022 $9,636 $472,800 $252,100 $220,700
2021 $9,531 $430,300 $209,600 $220,700
2020 $9,550 $421,800 $201,100 $220,700
2019 $9,319 $404,800 $184,100 $220,700
2018 $8,823 $379,300 $158,600 $220,700
2017 $8,853 $379,300 $158,600 $220,700
2016 $8,718 $370,800 $150,100 $220,700
2015 $8,658 $370,800 $150,100 $220,700
2014 $8,731 $379,300 $158,600 $220,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2411802R

All Jersey MLS

APN: 08-00386-08-00021