NOT LISTED FOR SALE

1050 Prospect Ln Somerdale, NJ 08083

Estimated Value: $304,000 - $318,000

3 Beds
1 Bath
1,092 Sq Ft
$284/Sq Ft Est. Value

Last Sold May 13, 2022

Last sale price $253,000 $232 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,253/month

5 Days on Market

Highlights

  • Rambler Architecture
  • No HOA
  • Property is in very good condition
  • Wood Flooring
  • Forced Air Heating and Cooling System
  • Back Yard

About This Home

As of May 2022

Beautiful home in an established neighborhood. This three bedroom one bath ranch style home is reminiscent of midcentury style inside and a great entertaining area in the yard. The driveway and back patio are done is stylish pavers and the lot is neatly landscaped. The interior of the home has three spacious bedrooms, nice sized living room and an eat-in kitchen. There is currently carpeted flooring but hardwood floors are under the carpet in the living room and bedrooms. There is also a full basement with plenty of room to spread out or use for storage. Basement has many possibilities for use! Basement was waterproofed on April 4, 2019 by Select Basement Waterproofing Solutions, INC and comes with a lifetime transferable warranty. (Information provided by sellers. Copy of paperwork at property.)
All showings start Friday, April 1, 2022 and an open house on Sunday, April 3, 2022 from 11am-2pm. Offers will be presented to seller on Tuesday, April 5, 2022. Home is priced to sell.
See new photos added 3/31/22.

Last Agent to Sell the Property

Lisa Gordon

BHHS Fox & Roach-Moorestown License #1112069 Listed on: 04/01/2022

BHHS Fox & Roach-Moorestown

Last Buyer's Agent

Darlene Fiore

BHHS Fox & Roach-Washington-Gloucester License #0343258

BHHS Fox & Roach-Washington-Gloucester

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,312

Year Built

  • Built in 1960

Lot Details

  • 8,250 Sq Ft Lot
  • Lot Dimensions are 110.00 x 75.00
  • Back Yard
  • Property is in very good condition

Home Design

  • Rambler Architecture
  • Block Foundation
  • Frame Construction

Interior Spaces

  • 1,092 Sq Ft Home
  • Property has 1 Level
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 3 Parking Spaces
  • 3 Driveway Spaces
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Timberbirch Subdivision

Listing and Financial Details

  • Tax Lot 00022
  • Assessor Parcel Number 15-09106-00022

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,312

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • Exclusions: Washer, dryer, refrigerator
  • Inclusions: Stove
  • New Construction: No
  • Story List: Lower 1, Main
  • Expected On Market: 2022-04-01
  • Year Built: 1960
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Flooring Type: Hardwood
  • Foundation Details: Block
  • Levels Count: 1
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1092
  • Living Area Sq Ft: 1092
  • Price Per Sq Ft: 183.06
  • Above Grade Finished Sq Ft: 1092
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1050

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Driveway, Off Street, On Street
  • Number of Spaces in Driveway: 3

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: BLACK HORSE PIKE REGIONAL SCHOOLS
  • School District Key: 300200396979
  • School District Source: Listing Agent

Lot Info

  • Lot Features: Rear Yard
  • Lot Size Acres: 0.19
  • Lot Dimensions: 110.00 x 75.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8250.00
  • Property Condition: Very Good
  • Year Assessed: 2021
  • Zoning: RESIDENTIAL

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 6312.00
  • Assessor Parcel Number: 15-09106-00022
  • Tax Lot: 00022
  • Tax Total Finished Sq Ft: 1092
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 05/13/2022

MLS Schools

  • School District Name: BLACK HORSE PIKE REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2022
Sold by
Sherman Burt Sr
Bought by
Burt Sherman
Current Estimated Value
$310,644

Purchase Details

Listed on
Apr 1, 2022
Closed on
May 12, 2022
Sold by
Paul Demier
Bought by
Demier Mark
Seller's Agent
Lisa Gordon
BHHS Fox & Roach-Moorestown
Buyer's Agent
Darlene Fiore
BHHS Fox & Roach-Washington-Gloucester
List Price
$199,900
Sold Price
$253,000
Premium/Discount to List
$53,100
26.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.56%
Original Mortgage
$227,700
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2005
Sold by
Demier Edna
Bought by
Demier Joseph Alan
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Burt Sherman -- --
Demier Mark $253,000 Wollman David A
Demier Joseph Alan $132,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Demier Mark $227,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2022 05/13/22 Sold $253,000 +26.6% $232 / Sq Ft
04/07/2022 04/07/22 Pending -- -- --
04/01/2022 04/01/22 For Sale $199,900 -- $183 / Sq Ft
Source: Bright 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
2025 $6,721 $156,300 $59,400 $96,900
2024 $6,519 $156,300 $59,400 $96,900
2023 $6,519 $156,300 $59,400 $96,900
2022 $6,472 $156,300 $59,400 $96,900
2021 $6,307 $156,300 $59,400 $96,900
2020 $6,313 $156,300 $59,400 $96,900
2019 $6,175 $156,300 $59,400 $96,900
2018 $6,150 $156,300 $59,400 $96,900
2017 $5,958 $156,300 $59,400 $96,900
2016 $5,830 $156,300 $59,400 $96,900
2015 $5,419 $156,300 $59,400 $96,900
2014 $5,397 $156,300 $59,400 $96,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCD2022492

Bright MLS

APN: 15-09106-0000-00022