NOT LISTED FOR SALE

107 Madison Ave Unit 2 Dunellen, NJ 08812

Estimated Value: $487,000 - $582,000

1 Bed
1 Bath
680 Sq Ft
$789/Sq Ft Est. Value

Highlights

  • Wood Flooring
  • Eat-In Kitchen
  • Washer and Dryer
  • 2 Car Detached Garage
  • Attic Fan
  • Hot Water Baseboard Heater

About This Home

As of June 2024

Welcome home to a cozy rear facing apartment in the vibrant downtown area of Dunellen, NJ! This charming 1-bedroom apartment features stunning hardwood floors, an eat-in kitchen, an in-unit washer and dryer, and access to a shared backyard. The unit also includes a 2-car garage and a 2-car driveway, offering ample storage and parking. Available immediately! The value is in the huge 2 Car Garage exclusively for this apartment: use for Storage, Extra Vehicles, workshop etc.... GREAT VALUE

Last Agent to Rent the Property

Stewart Daniels

RE/MAX PINNACLE Listed on: 06/03/2024

RE/MAX PINNACLE

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $11,361

Year Built

  • Built in 1923

Lot Details

  • 5,001 Sq Ft Lot
  • Lot Dimensions are 100.00 x 60.00

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Interior Spaces

  • 680 Sq Ft Home
  • 2-Story Property
  • Attic Fan
  • Washer and Dryer

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Stove

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Bathtub and Shower Combination in Primary Bathroom

Utilities

  • Heat Pump System
  • Vented Exhaust Fan
  • Hot Water Baseboard Heater
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, hot water
  • 12 Month Lease Term

Community Details

Overview

  • Association fees include maintenance fee, water
  • Dunellen Subdivision

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Apartment

Est. Annual Taxes

$11,361

Year Built

Built in 1923

Lot Details

0

Parking

2

Rental Info

  • Lease Term: 12 Months
  • Tenant Pays: Electricity, Hot Water

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Lease
  • Lot Size Acres: 0.1148
  • Lot Size: 100.00 x 60.00
  • Subdivision Name: Dunellen
  • Architectural Style: Remarks
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built: 1923
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Stories: 2

Interior Features

  • Bedroom/Bathroom Features: Tub Shower
  • Room Kitchen Features: Eat-in Kitchen
  • Appliances: Dryer, Electric Range/Oven, Exhaust Fan, Oven, Stove/Oven, Refrigerator, Washer/Dryer, Gas Water Heater
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace: No
  • Flooring: Wood, Vinyl-Linoleum
  • Living Area: 680
  • Stories: 2

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Garage, Garage Door Opener, Detached

Utilities

  • Gas Company: Natural Gas
  • Cooling: Heat Pump, Attic Fan
  • Heating: Baseboard Hotwater
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • HOA Rent Includes: Maintenance Fee, See Remarks, Water
  • Association #2 Fee Frequency: Monthly
  • Pets Allowed: No

Lot Info

  • Lot Size Sq Ft: 5001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 4, 2024
Sold by
Weiss Alfred J
Bought by
Gonedes Richard
Current Estimated Value
$536,755

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Outstanding Balance
$528,702
Interest Rate
5.99%
Mortgage Type
New Conventional
Estimated Equity
$8,053

Purchase Details

Closed on
Jul 13, 1990
Bought by
Weiss Alfred J
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
Gonedes Richard $600,000 Chicago Title
Weiss Alfred J $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonedes Richard $540,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2024 06/24/24 Rented $1,750 0.0% --
06/18/2024 06/18/24 Price Changed $1,750 -5.4% $3 / Sq Ft
06/08/2024 06/08/24 Price Changed $1,850 -5.1% $3 / Sq Ft
06/07/2024 06/07/24 Price Changed $1,950 -4.8% $3 / Sq Ft
06/03/2024 06/03/24 For Rent $2,049 -- --
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
2025 $11,361 $453,000 $100,000 $353,000
2024 $10,336 $453,000 $100,000 $353,000
2023 $10,336 $381,700 $100,000 $281,700
2022 $10,539 $381,700 $100,000 $281,700
2021 $10,476 $366,600 $100,000 $266,600
2020 $10,965 $337,600 $105,000 $232,600
2019 $10,476 $337,600 $105,000 $232,600
2018 $10,021 $74,200 $21,400 $52,800
2017 $9,616 $74,200 $21,400 $52,800
2016 $9,265 $74,200 $21,400 $52,800
2015 $9,035 $74,200 $21,400 $52,800
2014 $8,843 $74,200 $21,400 $52,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2412832R

All Jersey MLS

APN: 03-00034-0000-00038-01