$826,500
SOLD MAR 31, 2025

118 Spear St Metuchen, NJ 08840

3 Beds
2.5 Baths
1,240 Sq Ft
5,001 Sq Ft Lot

Recently Sold

$667 Per Sq Ft

18% Above List Price

8 Days on Market

Highlights

  • Cape Cod Architecture
  • Property is near public transit
  • Den
  • Campbell Elementary School Rated A-
  • L-Shaped Dining Room
  • 2-minute walk to Oakland Park

About This Home

As of March 2025

Pride of ownership shines throughout this beautifully maintained home, offering a perfect blend of comfort, charm, and modern updates. Featuring 3 bedrooms, 2.5 bathrooms, and a fully finished wallk-out basement with a wet bar, this home is perfect for entertaining or everyday living. The home boasts incredible curb appeal, and upon entry, you're greeted by a cozy mudroom/foyer area, ideal for organizing shoes, coats, and bags. In 2019, the entire first floor was renovated, creating an open-concept living space and a modern kitchen with updated finishes and appliances. The home also features an attached garage with direct access to the kitchen. Outside, enjoy the fully fenced-in yard with a beautiful paver patio, perfect for gatherings or relaxing. With a newer water heater, roof, furnace, and washer & dryer, you can buy with confidence, knowing many major systems have already been updated. Situated next to Oakland Park and a short distance to Roosevelt Park, this home is close to outdoor recreation and just a short stroll to downtown Metuchen with its vibrant restaurants, shops, and events. Commuters will love the proximity to the train station with routes to NYC and Princeton, as well as easy access to major highways like the Parkway, Route 1, Turnpike, and 287.

Last Agent to Sell the Property

Julia Quinones

WEICHERT CO REALTORS Listed on: 02/01/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,116

Year Built

  • Built in 1947

Lot Details

  • 5,001 Sq Ft Lot
  • Lot Dimensions are 100.00 x 50.00
  • Fenced
  • Property is zoned R2

Parking

  • 1 Car Attached Garage
  • Tandem Parking
  • Open Parking

Home Design

  • Cape Cod Architecture
  • Asphalt Roof

Interior Spaces

  • 1,240 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Living Room
  • L-Shaped Dining Room
  • Den
  • Utility Room

Kitchen

  • Gas Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Recreation or Family Area in Basement
  • Finished Basement Bathroom
  • Natural lighting in basement

Outdoor Features

  • Patio
  • Shed

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • Forced Air Heating System
  • Underground Utilities

Community Details

  • Summit Manor Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,116

Year Built

Built in 1947

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.1148
  • Lot Size: 100.00 x 50.00
  • Ownership: Fee Simple
  • Subdivision Name: Summit Manor
  • Architectural Style: Cape Cod
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two, At Grade
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built: 1947
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Dining Room Features: Dining L
  • Room Kitchen Features: Kitchen Exhaust Fan, Kitchen Island, Pantry
  • Appliances: Dishwasher, Dryer, Gas Range/Oven, Microwave, Refrigerator, Washer, Kitchen Exhaust Fan
  • Has Basement: Finished, Bath Full, Daylight, Den, Recreation Room, Interior Entry, Utility Room
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Carpet, Laminate
  • Interior Amenities: 1 Bedroom, Entrance Foyer, Kitchen, Laundry Room, Bath Half, Living Room, Dining Room, 2 Bedrooms, Bath Full, None, Additional Bath
  • Living Area: 1240
  • Stories: 2

Exterior Features

  • Fencing: Fencing/Wall
  • Lot Features: Near Shopping, Near Train
  • Exterior Features: Patio, Fencing/Wall, Storage Shed
  • Other Structures: Shed(s)
  • Patio And Porch Features: Patio
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: 1 Car Width, 2 Cars Deep, 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: 5001
  • Zoning: R2

Tax Info

  • Tax Annual Amount: 14116
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2025
Closed on
Mar 26, 2025
Sold by
Joszt Oliver and Joszt Laura
Bought by
Lee Soojin
Seller's Agent
Julia Quinones
WEICHERT CO REALTORS
List Price
$700,000
Sold Price
$826,500
Premium/Discount to List
$126,500
18.07%
Views
175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.93%
Original Mortgage
$360,000
Outstanding Balance
$357,505
Interest Rate
5.94%
Mortgage Type
New Conventional
Estimated Equity
$465,466

Purchase Details

Closed on
May 15, 2019
Sold by
Flaherty Winifred and Flaherty Arthur
Bought by
Joszt Oliver and Joszt Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,125
Interest Rate
4.1%
Mortgage Type
New Conventional
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 $826,500 River Edge Title
Deed $826,500 River Edge Title
Deed $407,500 Core Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $360,000 New Conventional
Closed $360,000 New Conventional
Previous Owner $381,600 New Conventional
Previous Owner $387,125 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2025 03/31/25 Sold $826,500 +18.1% $667 / Sq Ft
02/01/2025 02/01/25 For Sale $700,000 -- $565 / Sq Ft
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 $14,606 $210,000 $85,000 $125,000
2023 $14,116 $210,000 $85,000 $125,000
2022 $13,379 $210,000 $85,000 $125,000
2021 $8,354 $180,000 $85,000 $95,000
2020 $11,057 $180,000 $85,000 $95,000
2019 $9,289 $160,000 $85,000 $75,000
2018 $9,254 $160,000 $85,000 $75,000
2017 $9,224 $160,000 $85,000 $75,000
2016 $9,059 $157,000 $85,000 $72,000
2015 $8,608 $157,000 $85,000 $72,000
2014 $8,332 $156,000 $85,000 $71,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2508600R

All Jersey MLS

APN: 09-00223-0000-00029