$270,000
SOLD OCT 21, 2022

107 Rachel Ct Franklin Park, NJ 08823

2 Beds
2 Baths
1,064 Sq Ft
392 Sq Ft Lot

Recently Sold

$254 Per Sq Ft

59 Days on Market

Highlights

  • Fitness Center
  • Deck
  • Tennis Courts
  • Clubhouse
  • Property is near public transit
  • Forced Air Heating System

About This Home

As of October 2022

Welcome to this beautiful 2 bedrooms, 2 bath condo. The unit is flooded with sunlight, from the patio door to the newer skylights. Additional features include a large living room with wood burning fire place, vaulted ceiling in the living room, formal dining, laundry room and extra storage on the outside of the unit. This unit is ready for you.

Last Agent to Sell the Property

Carol Rowe-Mair

RE/MAX FIRST REALTY, INC. Listed on: 08/22/2022

RE/MAX FIRST REALTY, INC.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,498

Year Built

  • Built in 1988

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,064 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Combination Dining and Living Room

Kitchen

  • Gas Oven or Range
  • <<microwave>>
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Open Parking
  • Assigned Parking

Outdoor Features

  • Deck

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • Forced Air Heating System
  • Underground Utilities
  • Water Heater

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include snow removal, trash
  • Society Hill/Somerset 03 Subdivision

Recreation

  • Tennis Courts
  • Fitness Center

Pet Policy

  • Pets Allowed

Additional Features

  • Clubhouse
  • Maintenance Expense $246

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,498

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Sub Type: Condo/TH
  • Prop. Type: Residential
  • Lot Size: 0.00 x 0.00
  • Co List Office Mls Id: RMFR01
  • Ownership: Condominium
  • Subdivision Name: Society Hill/Somerset 03
  • Architectural Style: Remarks
  • Carport Y N: No
  • Garage Yn: No
  • Property Attached Yn: No
  • Building Stories: 1
  • Year Built: 1988
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Dining Room Features: Living Dining Combo
  • Master Bedroom Features: Full Bath
  • Room Kitchen Features: Not Eat-in Kitchen
  • Appliances: Dishwasher, Dryer, Gas Range/Oven, Microwave, Washer, Water Heater
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: See Remarks
  • Interior Amenities: 1 Bedroom, 2 Bedrooms, Kitchen, Living Room, Bath Main, Dining Room
  • Living Area: 1064
  • Stories: 1

Exterior Features

  • Lot Features: Near Shopping, Near Public Transit
  • Patio And Porch Features: Deck
  • Roof: Asphalt

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Open, Assigned

Utilities

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

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Tennis Court(s)
  • Senior Community: No
  • Association #2 Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Snow Removal, Trash

Lot Info

  • Zoning: CR

Multi Family

  • Maintenance Expense: 246

Tax Info

  • Tax Annual Amount: 4498
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2025
Sold by
Siraj Wasim and Wasim Zunaira
Bought by
Roman Katherinne
Current Estimated Value
$360,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$353,412
Outstanding Balance
$352,531
Interest Rate
6.96%
Mortgage Type
VA
Estimated Equity
$7,609

Purchase Details

Listed on
Oct 22, 2022
Closed on
Oct 19, 2022
Sold by
Pillai Vilasini
Bought by
Sirai Wasim and Wasim Zunaira
Seller's Agent
Nabeela Kausar
Realty One Group Central
Buyer's Agent
Nabeela Kausar
Keller Williams Realty West Monmouth
Sold Price
$27,600
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.09%
Original Mortgage
$216,000
Interest Rate
6.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 7, 2015
Closed on
Dec 5, 2015
Sold by
Zurkovsky Henry and Zurkovsky Adelina
Bought by
Pillai Vilasini
Seller's Agent
MARY M. MATTEI
WINDING RIVER REALTY LLC
Buyer's Agent
Carol Rowe-Mair
RE/MAX FIRST REALTY
Sold Price
$162,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.71%

Purchase Details

Closed on
Apr 27, 2004
Sold by
Mclean Philip
Bought by
Zurkovsky Henry and Zurkovsky Adelina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,500
Interest Rate
5.39%

Purchase Details

Closed on
Jul 29, 1999
Sold by
Scutti John
Bought by
Mclean Philip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,500
Interest Rate
7.61%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 10, 1989
Sold by
K Hovnanian At Somerset Iii Inc
Bought by
Marshall Susan L and Marshall R

Purchase Details

Closed on
Mar 7, 1989
Sold by
K Hovnanian At Somerset Iii Inc
Bought by
Scutti John and Scutti Gail
Source: Public Records

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Range of Values:

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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 $359,000 None Listed On Document
Deed $359,000 None Listed On Document
Deed $270,000 First American Title
Deed $162,000 Attorney
Deed $194,400 --
Deed $82,000 --
Deed $108,400 --
Deed $113,300 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $353,412 VA
Closed $353,412 VA
Previous Owner $216,000 New Conventional
Previous Owner $155,500 No Value Available
Previous Owner $79,500 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2022 11/04/22 Rented $27,600 +1154.5% --
10/22/2022 10/22/22 For Rent $2,200 0.0% --
10/21/2022 10/21/22 Sold $270,000 0.0% $254 / Sq Ft
08/22/2022 08/22/22 For Sale $269,900 +66.6% $254 / Sq Ft
12/07/2015 12/07/15 Sold $162,000 -- --
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 $5,207 $288,800 $140,000 $148,800
2023 $4,974 $258,800 $110,000 $148,800
2022 $4,640 $228,800 $80,000 $148,800
2021 $4,498 $203,800 $55,000 $148,800
2020 $4,378 $193,800 $45,000 $148,800
2019 $4,318 $188,800 $40,000 $148,800
2018 $4,036 $174,700 $30,000 $144,700
2017 $3,935 $169,700 $25,000 $144,700
2016 $3,969 $169,700 $25,000 $144,700
2015 $3,942 $169,700 $25,000 $144,700
2014 $3,883 $169,700 $25,000 $144,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2302552R

All Jersey MLS

APN: 08-00034-08-00054-01-C4512