NOT LISTED FOR SALE

140 Demott Ln Somerset, NJ 08873

Somerset Neighborhood

Estimated Value: $563,000 - $581,000

3 Beds
1 Bath
1,508 Sq Ft
$378/Sq Ft Est. Value

Last Sold June 16, 2021

Last sale price $410,000 $272 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $3,920/month

9 Days on Market

Highlights

  • 1.03 Acre Lot
  • No HOA
  • Eat-In Kitchen
  • Wood Flooring
  • 1 Car Attached Garage
  • Wood Burning Fireplace

About This Home

As of June 2021

This freshly painted 3 bedroom house is ready for its new owner. It is set back from the street and sits on over an acre of land. The huge backyard, great for outdoor activities and entertaining, backs up to a public park with a field, basketball courts, and playground. Tons of natural light comes in through large windows in the living and dining rooms. There is also a cozy 3 season room to relax and read a good book, or you can add heat and turn it into even more living space. Other notable features include hardwood floors, wood burning fireplace, attached garage, basement, and full attic with lots of storage. The house has been very well maintained. Sold in as-is condition. Bring your imagination and schedule a viewing today!

Last Agent to Sell the Property

Seth Davidson

Better Homes and Gardens Real Estate Maturo Listed on: 05/09/2021

Better Homes and Gardens Real Estate Maturo

Last Buyer's Agent

Seth Davidson

Better Homes and Gardens Real Estate Maturo Listed on: 05/09/2021

Better Homes and Gardens Real Estate Maturo

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,803

Year Built

  • Built in 1955

Lot Details

  • 1.03 Acre Lot
  • Lot Dimensions are 115.00 x 390.00
  • Property is zoned R40

Parking

  • 1 Car Attached Garage
  • Front Facing Garage

Home Design

  • Split Level Home
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,508 Sq Ft Home
  • Property has 3 Levels
  • Wood Burning Fireplace
  • Wood Flooring
  • Eat-In Kitchen
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00011
  • Assessor Parcel Number 08-00391-00011

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,803

Year Built

Built in 1955

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Split Level
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2021-05-11
  • Year Built: 1955
  • Automatically Close On Close Date: No
  • Remarks Public: This freshly painted 3 bedroom house is ready for its new owner. It is set back from the street and sits on over an acre of land. The huge backyard, great for outdoor activities and entertaining, backs up to a public park with a field, basketball courts, and playground. Tons of natural light comes in through large windows in the living and dining rooms. There is also a cozy 3 season room to relax and read a good book, or you can add heat and turn it into even more living space. Other notable features include hardwood floors, wood burning fireplace, attached garage, basement, and full attic with lots of storage. The house has been very well maintained. Sold in as-is condition. Bring your imagination and schedule a viewing today!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Hardwood
  • Interior Amenities: Kitchen - Eat-In, Wood Floors
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1508
  • Living Area Sq Ft: 1508
  • Price Per Sq Ft: 232.03
  • Above Grade Finished Sq Ft: 1508
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 140

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: No
  • 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

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: FRANKLIN TOWNSHIP PUBLIC SCHOOLS
  • School District Key: 300200397466
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 151800.00
  • Land Assessed Value: 148700.00
  • Lot Size Acres: 1.03
  • Lot Dimensions: 115.00 x 390.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 44850.00
  • Year Assessed: 2020
  • Zoning: R40

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3220899
  • Tax Annual Amount: 6803.00
  • Assessor Parcel Number: 08-00391-00011
  • Tax Lot: 00011
  • Tax Total Finished Sq Ft: 1508
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 06/16/2021

MLS Schools

  • School District Name: FRANKLIN TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2021
Closed on
Jun 6, 2021
Sold by
Stagg Jacqueline Lenore and Stagg Christopher Delos
Bought by
Ramjattan Mahendra
Seller's Agent
Seth Davidson
Better Homes and Gardens Real Estate Maturo
Buyer's Agent
Seth Davidson
Better Homes and Gardens Real Estate Maturo
List Price
$349,900
Sold Price
$410,000
Premium/Discount to List
$60,100
17.18%
Total Days on Market
9
Current Estimated Value
$569,858

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,858
Avg. Annual Appreciation
9.09%
Original Mortgage
$120,000
Outstanding Balance
$94,103
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$484,642
Source: Public Records

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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
Ramjattan Mahendra $410,000 Foundation Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramjattan Mahendra $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2021 06/16/21 Sold $410,000 +17.2% $272 / Sq Ft
05/18/2021 05/18/21 Pending -- -- --
05/09/2021 05/09/21 For Sale $349,900 -- $232 / 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
2024 $8,661 $476,400 $310,700 $165,700
2023 $8,504 $440,400 $274,700 $165,700
2022 $7,139 $350,300 $193,700 $156,600
2021 $5,945 $309,500 $157,700 $151,800
2020 $6,803 $300,500 $148,700 $151,800
2019 $6,710 $291,500 $139,700 $151,800
2018 $6,852 $294,600 $139,700 $154,900
2017 $6,876 $294,600 $139,700 $154,900
2016 $7,138 $303,600 $148,700 $154,900
2015 $7,049 $312,600 $157,700 $154,900
2014 $6,946 $312,600 $157,700 $154,900
Source: Public Records

Agents Affiliated with this Home

  • Seth Davidson

    Seller's Agent in 2021

    Seth Davidson

    Better Homes and Gardens Real Estate Maturo

    (908) 418-3517

    1 in this area

    93 Total Sales

    Seth Davidson
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: NJSO114658

Bright MLS

APN: 08-00391-0000-00011

New Jersey Somerset County Somerset 08873 Somerset

140 Demott Ln, Somerset, NJ

This home is located at 140 Demott Ln, Somerset, NJ 08873 since 09 May 2021 and is currently estimated at $569,858, approximately $377 per square foot. This property was built in 1955. 140 Demott Ln is a home located in Somerset County with nearby schools including Franklin High School, Rutgers Preparatory School, and Cedar Hill Preparatory School.

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