NOT LISTED FOR SALE

15 Park Ave Unit 2 Somerville, NJ 08876

Estimated Value: $506,000 - $578,000

-- Bed
2 Baths
-- Sq Ft
5,663 Sq Ft Lot

Last Sold October 24, 2017

Last sale price $100,000

Est. 431% increase in value since last sale

Current estimated payment $3,844/month

35 Days on Market

About This Home

As of October 2017

This home is located at 15 Park Ave Unit 2, Somerville, NJ 08876 since 14 July 2017 and is currently estimated at $530,639. This property was built in 1910. 15 Park Ave Unit 2 is a home located in Somerset County with nearby schools including Van Derveer School, Somerville Middle School, and Somerville High School.

Last Listed By

LEIGH MCLACHLAN

MCLACHLAN, INC. Brokerage Phone: 908-526-2300 Listed on: 07/14/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,381

Year Built

  • 1910

Lot Details

  • 5,663 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,381

Year Built

1910

Lot Details

0

Listing Details

  • County Name: Somerset
  • Street Number Display: 15
  • I D: 4732212
  • Modified: 2018-10-25
  • Number Images: 1
  • Attribution Contact: 908-526-2300
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built (Public Record): 1910

Lot Info

  • Lot Size: 40X140
  • Total Acres: 0.13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 4, 2024
Sold by
Oldenburg Kathryn
Bought by
Derosa Nicholas and Derosa Ashley
Total Days on Market
35
Current Estimated Value
$530,639

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,038
Outstanding Balance
$536,237
Interest Rate
6.74%
Mortgage Type
FHA
Estimated Equity
-$18,662

Purchase Details

Closed on
Jul 14, 2021
Sold by
Outzen Anna
Bought by
Oldenburg Kathryn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
2.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 21, 2018
Sold by
Drw Properties Llc
Bought by
Outzen Anna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,425
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 14, 2017
Closed on
Sep 15, 2017
Sold by
Kirk Virginia and Estate Of Evelyn Alilce Walker
Bought by
Drw Properties Llc
Seller's Agent
LEIGH MCLACHLAN
MCLACHLAN, INC.
List Price
$110,000
Sold Price
$100,000
Premium/Discount to List
-$10,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.08%
Original Mortgage
$400,000
Interest Rate
3.85%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

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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
Derosa Nicholas $550,000 Chicago Title
Outzen Anna $295,000 Prestige Title Agency Inc
Drw Properties Llc $1,000,000 Core Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Derosa Nicholas $540,038
Previous Owner Outzen Anna $252,000
Previous Owner Outzen Anna $250,425
Previous Owner Drw Properties Llc $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2017 10/24/17 Sold $100,000 -9.1% --
08/18/2017 08/18/17 Pending -- -- --
07/14/2017 07/14/17 For Sale $110,000 -- --
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
2024 $10,381 $262,600 $107,900 $154,700
2023 $10,142 $262,600 $107,900 $154,700
2022 $9,876 $262,600 $107,900 $154,700
2021 $9,813 $262,600 $107,900 $154,700
2020 $9,611 $262,600 $107,900 $154,700
2019 $9,546 $262,600 $107,900 $154,700
2018 $7,196 $200,100 $107,900 $92,200
2017 $7,048 $200,100 $107,900 $92,200
2016 $6,761 $200,100 $107,900 $92,200
2015 $6,671 $200,100 $107,900 $92,200
2014 $6,565 $200,100 $107,900 $92,200
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2017

    LEIGH MCLACHLAN

    MCLACHLAN, INC.

See All Agents

Map

Source: Garden State MLS

MLS Number: 3404835

Garden State MLS

APN: 18-00068-0000-00012

New Jersey Somerset County Somerville 08876

15 Park Ave Unit 2, Somerville, NJ

This home is located at 15 Park Ave Unit 2, Somerville, NJ 08876 since 14 July 2017 and is currently estimated at $530,639. This property was built in 1910. 15 Park Ave Unit 2 is a home located in Somerset County with nearby schools including Van Derveer School, Somerville Middle School, and Somerville High School.

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