NOT LISTED FOR SALE

Estimated Value: $556,000 - $657,000

3 Beds
2 Baths
1,425 Sq Ft
$423/Sq Ft Est. Value

Last Sold September 30, 2022

Last sale price $550,000 $386 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,292/month

5 Days on Market

Highlights

  • 64 Feet of Waterfront
  • Beach
  • Lake Privileges
  • Shawnee High School Rated A-
  • Fishing Allowed
  • Community Lake

About This Home

As of September 2022

Google "Wings Over Medford Lakes" and sit back and enjoy this drone video to experience lakefront living and the magical lifestyle of Medford Lakes! Have you always dreamed of lakefront living? Dreams really can come true in this spectacular amazing LAKEFRONT (one story living) ranch (boasting 3 bedrooms and 2 full baths.) This home has been completely transformed from when it was purchased with the "big ticket" items all having been done including: conversion from oil to gas heat, new gas boiler relocated to garage, addition of central air, refinished gorgeous pegged hardwood floors, full house insulation, demolished and contracted for new full bath in hallway, renovated laundry room and added 2nd full bath, added electric car charging station, replaced lateral sewer line, replaced driveway, replaced bulkhead, replaced windows, replaced siding, replaced water-pressure tank, brand new roof August 2022 (in progress), re-painted front exterior and the list goes on and on! The location is PRIME with Meeshaway Trail being one of the prettiest trails in Medford Lakes and around the corner to Beach 4! Just across the way is a walking/bike path to Mohawk Trail - such a scenic spot to take in the beauty of this borough! As you approach, take note of the exceptional curb appeal - the front exterior has just been painted a rich brown accented with barn red shutters. A flagstone walkway leads to the front porch. A storm door opens to the gorgeous new front door. Inside, the (newly refinished) pegged wood floors are throughout the living spaces and they are gorgeous! To the right of the foyer is a large closet. The family room is straight ahead - it is exceptionally large and takes full advantage of the gorgeous views of the lake. Built by Grafton, the kitchen space is quite large, new windows overlook the front grounds, cabinets are signature Grafton and there is plenty of space for a kitchen table! Off the kitchen is the laundry area - washer and dryer are included and the cabinet (although not built in) is included! Flooring here is gorgeous light blue tile; (the Seller had planned to have the same installed in the kitchen and will leave the tile if the Buyer would like to have it continued into the kitchen). Adjacent to the laundry area is a brand new full bath with shower - this is so convenient for swimmers coming off the lake as there is a passage door leading to the rear yard and lake! A door leads to the 2 bay garage (currently there is shelving which if removed, two cars can fit in the garage). Note: there is an electric charging station on the left side of the home - such an incredible feature! An opening from the kitchen leads to the dining room where there is a two sided fireplace between the dining room and family room. A lovely screen porch with flagstone floor overlooks the rear grounds and lake and is the perfect spot to relax and enjoy this tranquil setting. A hallway to the right of the foyer leads to the bedroom wing where there are 3 bedrooms - all nice sizes and all boasting gorgeous hardwood floors. The hall bath was totally demolished and rebuilt and features two sinks topped with granite, tile flooring, tub with shower - it is lovely! Be sure to walk the rear grounds and take in the beauty and privacy of this lakefront setting AND note the new bulkhead! Homes of this caliber (particularly lakefront and on "swimming lakes"), which have been updated with fine quality appointments rarely come on the market! Medford Lakes boasts a highly rated school system where the children have the privilege of riding their bicycles to school and is a unique community providing a lifestyle where every day is like a holiday. Owner is a member in good standing and Medford Lakes Colony Bond will transfer to the new owner. Swim, paddleboard, boat, kayak, fish - Skating in the winter - a True Winter Wonderland! Vacation year round right in your own back yard! This is truly lakefront living at its finest! Hurry!

Last Agent to Sell the Property

Carol Latti

BHHS Fox & Roach-Medford License #9697663 Listed on: 08/25/2022

BHHS Fox & Roach-Medford

Last Buyer's Agent

Karen Casey

RE/MAX Preferred - Cherry Hill License #0678608

RE/MAX Preferred - Cherry Hill

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,511

Year Built

  • Built in 1956

Lot Details

  • 8,930 Sq Ft Lot
  • 64 Feet of Waterfront
  • Home fronts navigable water
  • Property is zoned LR

HOA Fees

  • $35 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • 4 Driveway Spaces
  • Oversized Parking
  • Electric Vehicle Home Charger
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Rambler Architecture
  • Architectural Shingle Roof
  • Wood Siding
  • Aluminum Siding

Interior Spaces

  • 1,425 Sq Ft Home
  • Property has 1 Level
  • Paneling
  • Beamed Ceilings
  • Entrance Foyer
  • Living Room
  • Breakfast Room
  • Dining Room
  • Screened Porch
  • Crawl Space
  • Laundry Room

Flooring

  • Solid Hardwood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Outdoor Features

  • Canoe or Kayak Water Access
  • Private Water Access
  • Property is near a lake
  • Sail
  • Swimming Allowed
  • Non Powered Boats Only
  • Lake Privileges

Schools

  • Nokomis Elementary School
  • Neeta Middle School
  • Shawnee High School

Utilities

  • Central Air
  • Hot Water Baseboard Heater
  • Well
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 01254
  • Assessor Parcel Number 21-30032-01254

Community Details

Overview

  • $200 Capital Contribution Fee
  • Association fees include common area maintenance, recreation facility
  • Medford Lakes Colony HOA
  • Lakes Subdivision
  • Community Lake

Amenities

  • Community Center

Recreation

  • Beach
  • Tennis Courts
  • Baseball Field
  • Community Basketball Court
  • Community Playground
  • Fishing Allowed
  • Recreational Area

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,511

Year Built

Built in 1956

Lot Details

0

HOA Fees

$35 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • Exclusions: Light fixtures in 2nd BR to be capped
  • Historic: No
  • Inclusions: All lighting fixtures indoor and outdoor except in 2nd BR (will be capped), all blinds, all appliances including washer, dryer, refrigerator
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2022-08-25
  • Year Built: 1956
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Flooring Type: Solid Hardwood, Ceramic Tile
  • Wall Ceiling Types: Beamed Ceilings, Dry Wall, Paneled Walls
  • Foundation Details: Crawl Space
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Foyer, Breakfast Room, Laundry, Full Bath, Screened Porch
  • Basement: No
  • Total Sq Ft: 1425
  • Living Area Sq Ft: 1425
  • Price Per Sq Ft: 385.89
  • Above Grade Finished Sq Ft: 1425
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 112

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Aluminum Siding, Wood Siding
  • Roof: Architectural Shingle
  • Water Access Features: Boat - Non Powered Only, Canoe/Kayak, Fishing Allowed, Private Access, Sail, Swimming Allowed
  • Water Access: Yes
  • Water Body Type: Lake
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No
  • Water Frontage In Feet: 64

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Asphalt Driveway, Electric Vehicle Charging Station(s)
  • Garage Features: Garage Door Opener, Garage - Front Entry, Inside Access, Oversized
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 4

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 425.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Baseball Field, Basketball Courts, Beach, Community Center, Lake, Non-Lake Recreational Area, Tennis Courts, Tot Lots/Playground, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Recreation Facility
  • HOA Name: MEDFORD LAKES COLONY
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Capital Contribution Fee: 200.00

Schools

  • School District: MEDFORD LAKES BOROUGH PUBLIC SCHOOLS
  • Elementary School: NOKOMIS E.S.
  • Middle School: NEETA SCHOOL
  • High School: SHAWNEE H.S.
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396967
  • School District Source: Listing Agent
  • Elementary School: NOKOMIS E.S.
  • High School: SHAWNEE H.S.
  • Middle Or Junior School: NEETA SCHOOL

Lot Info

  • Lot Size Acres: 0.21
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8930.00
  • Year Assessed: 2021
  • Zoning: LR

Rental Info

  • Ground Rent Exists: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 9511.00
  • Assessor Parcel Number: 21-30032-01254
  • Tax Lot: 01254
  • Tax Total Finished Sq Ft: 1425
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 09/30/2022

MLS Schools

  • School District Name: MEDFORD LAKES BOROUGH PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2022
Closed on
Sep 15, 2022
Sold by
Illo James M and Illo Kathryn A
Bought by
Kovalevich Edward and Kovalevich Dana
Seller's Agent
Carol Latti
BHHS Fox & Roach-Medford
Buyer's Agent
Karen Casey
RE/MAX Preferred - Cherry Hill
List Price
$549,900
Sold Price
$550,000
Premium/Discount to List
$100
0.02%
Views
111
Current Estimated Value
$603,302

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,302
Avg. Annual Appreciation
4.35%
Original Mortgage
$495,000
Outstanding Balance
$477,496
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
$144,226

Purchase Details

Listed on
May 7, 2010
Closed on
Oct 11, 2012
Sold by
Didio Dorotohy and Morier Debra
Bought by
Illo James M and Illo Kathryn A
Seller's Agent
Larry Ghiglieri
Weichert Realtors-Medford
Buyer's Agent
CONNIE FRENCH
Weichert Realtors-Medford
List Price
$254,900
Sold Price
$232,500
Premium/Discount to List
-$22,400
-8.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.01%
Original Mortgage
$228,288
Interest Rate
3.62%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Kovalevich Edward $550,000 --
Illo James M $232,500 Surety Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kovalevich Edward $495,000
Previous Owner Illo James M $65,000
Previous Owner Illo James M $25,000
Previous Owner Illo James M $228,288
Previous Owner Perritt Dorothy $406,125
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2022 09/30/22 Sold $550,000 0.0% $386 / Sq Ft
08/31/2022 08/31/22 Pending -- -- --
08/25/2022 08/25/22 For Sale $549,900 +136.5% $386 / Sq Ft
10/11/2012 10/11/12 Sold $232,500 -3.1% $163 / Sq Ft
05/11/2012 05/11/12 Pending -- -- --
04/18/2012 04/18/12 Price Changed $239,900 -5.9% $168 / Sq Ft
10/12/2011 10/12/11 For Sale $254,900 +9.6% $179 / Sq Ft
07/31/2011 07/31/11 Off Market $232,500 -- --
04/11/2011 04/11/11 Price Changed $254,900 -7.3% $179 / Sq Ft
02/15/2011 02/15/11 For Sale $274,900 0.0% $193 / Sq Ft
02/11/2011 02/11/11 Pending -- -- --
10/29/2010 10/29/10 Price Changed $274,900 -11.3% $193 / Sq Ft
05/07/2010 05/07/10 For Sale $309,900 -- $217 / 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 $11,448 $301,100 $149,100 $152,000
2024 $9,987 $301,100 $149,100 $152,000
2023 $9,987 $277,800 $149,100 $128,700
2022 $9,770 $277,800 $149,100 $128,700
2021 $9,512 $277,800 $149,100 $128,700
2020 $9,251 $277,800 $149,100 $128,700
2019 $9,234 $277,800 $149,100 $128,700
2018 $9,001 $277,800 $149,100 $128,700
2017 $8,595 $277,800 $149,100 $128,700
2016 $8,381 $277,800 $149,100 $128,700
2015 $8,328 $277,800 $149,100 $128,700
2014 $8,134 $277,800 $149,100 $128,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJBL2031964

Bright MLS

APN: 21-30032-0000-01254