NOT LISTED FOR SALE

1501 Timber Oaks Rd Unit 1 Edison, NJ 08820

Estimated Value: $507,000 - $596,000

2 Beds
2 Baths
1,288 Sq Ft
1,790 Sq Ft Lot

Last Sold July 03, 2024

Last sale price $580,000 $450 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,814/month

11 Days on Market

Highlights

  • Granite Flooring
  • Deck
  • Granite Countertops
  • James Madison Primary School Rated A-
  • Corner Lot
  • Formal Dining Room

About This Home

As of July 2024

***Please submit your best and final offer due by Tuesday May 21st 3PM EST*** Your dream home awaits. Located on the quiet cul-de-sac of The Oaks development in the heart of North Edison, this meticulously kept 2-bedroom 2 bath end unit with gleaming natural light throughout the home has everything to offer for luxurious living. Open floor plan blends family and dining areas with a hardwood flooring as a perfect space for daily living and entertainment. Spacious eat in kitchen with a bay window has granite countertop and stainless-steel appliances. Spacious master suite features WIC with ensuite bathroom. The second bedroom also features a WIC with an attached jack and jill style bathroom. Sliding door from the family room leads to a spacious deck for perfect outdoor entertainment. This home also offers a rare to find fully finished basement with ample space for entertainment, gym and play area. It also features dedicated home office space. This home has recessed lights through the main level and basement. The laundry room is located on the main level. Recent upgrades Paint 2024, Carpet 2024, HVAC and Air conditioner 2023, Water Heater 2021, Water filtration system in Kitchen 2021, Dishwasher 2021, Gas Stove 2021, Washer & Dryer 2019. Showings start from Thursday, May 16th onwards.

Last Agent to Sell the Property

Vikash Jain

RE/MAX IN STYLE Listed on: 05/16/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,419

Year Built

  • Built in 1982

Lot Details

  • 1,790

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,288 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Skylights
  • Blinds
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Utility Room

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Granite

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Recreation or Family Area in Basement
  • Basement Storage

Home Security

Parking

  • Open Parking
  • Unassigned Parking

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Underground Utilities
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Deck
  • Cul-De-Sac

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include maintenance structure, snow removal, trash, ground maintenance
  • The Oaks Subdivision
  • The community has rules related to vehicle restrictions

Pet Policy

  • Pets Allowed

Additional Features

  • Maintenance Expense $285
  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,419

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Sub Type: Condo/TH
  • Prop. Type: Residential
  • Lot Size Acres: 0.0411
  • Lot Size: 0.00 x 0.00
  • Ownership: Condominium
  • Subdivision Name: The Oaks
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Property Attached Yn: No
  • Building Stories: 1
  • Year Built: 1982
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 1

Interior Features

  • Bedroom/Bathroom Features: Tub Shower
  • Dining Room Features: Formal Dining Room
  • Master Bedroom Features: 1st Floor, Full Bath, Walk-In Closet(s)
  • Master Bedroom Master Bedroom Level: First
  • Room Kitchen Features: Granite/Corian Countertops, Eat-in Kitchen
  • Appliances: Dishwasher, Dryer, Gas Range/Oven, Exhaust Fan, Microwave, Refrigerator, Washer, Gas Water Heater
  • Has Basement: Finished, Recreation Room, Storage Space, Utility Room
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Carpet, Granite, Wood
  • Interior Amenities: Blinds, Skylight, Entrance Foyer, 2 Bedrooms, Kitchen, Laundry Room, Bath Main, Bath Second, Dining Room, Family Room, None
  • Living Area: 1288
  • Stories: 1
  • Window Features: Blinds, Skylight(s)

Exterior Features

  • Lot Features: Corner Lot, Cul-De-Sac
  • Exterior Features: Deck, Door(s)-Storm/Screen, Sidewalk
  • Patio And Porch Features: Deck
  • Roof: Asphalt

Garage/Parking

  • Open Parking: Yes
  • Parking Features: None, Open, Unassigned

Utilities

  • Gas Company: Natural Gas
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable TV, Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Senior Community: No
  • Association #2 Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Maintenance Structure, Snow Removal, Trash, Maintenance Grounds

Lot Info

  • Lot Size Sq Ft: 1790
  • Zoning: RBBT

Multi Family

  • Maintenance Expense: 285

Tax Info

  • Tax Annual Amount: 9419
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2024
Closed on
Jun 25, 2024
Sold by
Sampatraj Rineshkumar Jain and Jain Anamika
Bought by
Baliga Prajwal and Nayak Neeta Govindaraya
Seller's Agent
Vikash Jain
RE/MAX IN STYLE
List Price
$550,000
Sold Price
$580,000
Premium/Discount to List
$30,000
5.45%
Views
36
Current Estimated Value
$564,879

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,121
Avg. Annual Appreciation
-2.09%
Original Mortgage
$255,000
Outstanding Balance
$242,678
Interest Rate
6.36%
Mortgage Type
New Conventional
Estimated Equity
$322,201

Purchase Details

Closed on
Jun 29, 2017
Sold by
Garg Deepak
Bought by
Sampatraj Rineshkumar Jain

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,800
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 27, 2010
Sold by
Orr Thomas J and Ventura Daniel C
Bought by
Garg Deepak

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,900
Interest Rate
4.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 2002
Sold by
Hamilton Peter
Bought by
Ventura Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,250
Interest Rate
6.48%

Purchase Details

Closed on
Sep 28, 1999
Sold by
Gorka Loretta
Bought by
Hamilton Peter and Hamilton Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,400
Interest Rate
7.8%
Source: Public Records

Range of Values:

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Average Value
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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
Baliga Prajwal $580,000 Suburban Title Examiners
Baliga Prajwal $580,000 Suburban Title Examiners
Sampatraj Rineshkumar Jain $401,000 None Available
Garg Deepak $271,000 First American Title Ins Co
Ventura Daniel $195,000 --
Hamilton Peter $172,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baliga Prajwal $255,000
Closed Baliga Prajwal $255,000
Previous Owner Sampatraj Rineshkumar Jain $320,800
Previous Owner Garg Deepak $243,900
Previous Owner Ventura Daniel $185,250
Previous Owner Hamilton Peter $163,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2024 07/03/24 Sold $580,000 +5.5% $450 / Sq Ft
05/16/2024 05/16/24 For Sale $550,000 -- $427 / 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
2025 $9,828 $165,100 $65,000 $100,100
2024 $9,776 $165,100 $65,000 $100,100
2023 $9,776 $165,100 $65,000 $100,100
2022 $9,779 $165,100 $65,000 $100,100
2021 $9,383 $165,100 $65,000 $100,100
2020 $9,657 $165,100 $65,000 $100,100
2019 $8,929 $165,100 $65,000 $100,100
2018 $9,067 $165,100 $65,000 $100,100
2017 $8,876 $165,100 $65,000 $100,100
2016 $8,347 $165,100 $65,000 $100,100
2015 $8,030 $165,100 $65,000 $100,100
2014 $7,803 $165,100 $65,000 $100,100
Source: Public Records

Agents Affiliated with this Home

  • Vikash Jain

    Seller's Agent in 2024

    Vikash Jain

    RE/MAX

    (609) 216-9814

    1 in this area

    14 Total Sales

    Vikash Jain
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Map

Source: All Jersey MLS

MLS Number: 2411923R

All Jersey MLS

APN: 05-00427-0000-00026-0000-C1501

New Jersey Middlesex County Edison 08820

1501 Timber Oaks Rd Unit 1, Edison, NJ

This home is located at 1501 Timber Oaks Rd Unit 1, Edison, NJ 08820 since 16 May 2024 and is currently estimated at $564,879, approximately $438 per square foot. This property was built in 1982. 1501 Timber Oaks Rd Unit 1 is a home located in Middlesex County with nearby schools including James Madison Primary School, James Madison Intermediate School, and John Adams Middle School.

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