NOT LISTED FOR SALE

13 Magellan Way Franklin Park, NJ 08823

Estimated Value: $689,000 - $738,955

3 Beds
3 Baths
-- Sq Ft
5,663 Sq Ft Lot

Last Sold October 13, 2023

Last sale price $645,000

Est. 12% increase in value since last sale

Current estimated payment $4,638/month

9 Days on Market

About This Home

As of October 2023

This home is located at 13 Magellan Way, Franklin Park, NJ 08823 since 28 August 2023 and is currently estimated at $721,989. This property was built in 1991. 13 Magellan Way is a home located in Somerset County with nearby schools including Franklin High School, St. Augustine of Canterbury School, and Guidepost Montessori at Kendall Park.

Last Agent to Sell the Property

Richard Keri

RE/MAX DIAMOND REALTORS Brokerage Phone: 732-297-1100 Listed on: 08/28/2023

RE/MAX DIAMOND REALTORS

Last Buyer's Agent

Jia Li

RE/MAX FIRST REALTY

RE/MAX FIRST REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,720

Year Built

  • Built in 1991

Lot Details

  • 5,663 Sq Ft Lot

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,720

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Year Built: 1991
  • County Name: Somerset
  • Street Number Display: 13
  • I D: 5241752
  • Modified: 2024-10-14
  • Number Images: 1
  • Attribution Contact: 732-297-1100
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Bathrooms: 2.10

Lot Info

  • Lot Size: .13 ACRES
  • Total Acres: 0.13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2023
Closed on
Oct 5, 2023
Sold by
Shah Ravindra C and Shah Manju R
Bought by
Kumar Narayanan Nirmal and Kumar Nirmal Neelima
Seller's Agent
Richard Keri
RE/MAX DIAMOND REALTORS
Buyer's Agent
Jia Li
RE/MAX FIRST REALTY
List Price
$629,900
Sold Price
$645,000
Premium/Discount to List
$15,100
2.4%
Views
17
Current Estimated Value
$721,989

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,989
Avg. Annual Appreciation
5.92%
Original Mortgage
$588,050
Outstanding Balance
$576,617
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$145,372

Purchase Details

Closed on
Jul 30, 1991
Sold by
K Hovnanian At Somerset Vii Inc
Bought by
Shah Ravindra C and Shah Manju R
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Kumar Narayanan Nirmal $645,000 American Land Title
Kumar Narayanan Nirmal $645,000 American Land Title
Shah Ravindra C $170,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kumar Narayanan Nirmal $588,050
Closed Kumar Narayanan Nirmal $588,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2023 10/13/23 Sold $645,000 +2.4% --
09/12/2023 09/12/23 Pending -- -- --
09/02/2023 09/02/23 For Sale $629,900 -- --
Source: Garden State 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 $9,720 $616,800 $305,700 $311,100
2024 $9,720 $539,100 $305,700 $233,400
2023 $9,401 $489,100 $255,700 $233,400
2022 $9,311 $459,100 $225,700 $233,400
2021 $8,209 $409,100 $175,700 $233,400
2020 $9,016 $399,100 $165,700 $233,400
2019 $8,899 $389,100 $155,700 $233,400
2018 $8,489 $367,500 $135,700 $231,800
2017 $8,290 $357,500 $125,700 $231,800
2016 $8,245 $352,500 $120,700 $231,800
2015 $8,072 $347,500 $115,700 $231,800
2014 $8,065 $352,500 $114,700 $237,800
Source: Public Records

Agents Affiliated with this Home

  • Richard Keri

    Seller's Agent in 2023

    Richard Keri

    RE/MAX

    (732) 586-9524

    29 in this area

    77 Total Sales

    Richard Keri
    Section Image
  • Jia Li

    Buyer's Agent in 2023

    Jia Li

    RE/MAX

    (732) 586-7188

    6 in this area

    55 Total Sales

    Jia Li
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3861957

Garden State MLS

APN: 08-00020-05-00007

New Jersey Somerset County Franklin Park 08823

13 Magellan Way, Franklin Park, NJ

This home is located at 13 Magellan Way, Franklin Park, NJ 08823 since 28 August 2023 and is currently estimated at $721,989. This property was built in 1991. 13 Magellan Way is a home located in Somerset County with nearby schools including Franklin High School, St. Augustine of Canterbury School, and Guidepost Montessori at Kendall Park.

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