NOT LISTED FOR SALE

151 Drake Ln Unit 151 Ledgewood, NJ 07852

Estimated Value: $390,000 - $406,087

2 Beds
2 Baths
1,213 Sq Ft
$288/mo HOA Fee

Last Sold January 22, 2018

Last sale price $220,000 $181 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $2,972/month

66 Days on Market

Highlights

  • Private Pool
  • Lake View
  • Deck
  • Roxbury High School Rated A-
  • Clubhouse
  • Wood Flooring

About This Home

As of January 2018

This great 2 bedroom end unit has hardwood flooring, high ceilings and a private balcony. From the moment you walk in the door you will be impressed by the open floor plan, the spacious living/ dining rooms, the high ceiling and the privacy of this location. Nothing to do but move in, this home has a large master suite, complete with walk in closet and full en-suite bathroom. From the recently repaved roadways to the fresh landscaping, you will appreciate the care that goes into maintaining this community. Centrally located between Rts 46 and 10 and just minutes from Rt 80, this home is a commuters delight.

Last Agent to Sell the Property

Deborah Riska

THE KEY REAL ESTATE GROUP Listed on: 10/03/2017

Last Buyer's Agent

WILLIAM ROWENS

COMPASS NEW JERSEY, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,144

Lot Details

  • 8,276

HOA Fees

  • $288 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Parking Lot

Home Design

  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Blinds
  • Living Room
  • Formal Dining Room
  • Utility Room
  • Lake Views

Kitchen

  • Gas Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Private Pool
  • Deck

Schools

  • Franklin Elementary School
  • Eisenhower Middle School
  • Roxbury High School

Utilities

  • Forced Air Heating and Cooling System
  • One Cooling System Mounted To A Wall/Window
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2336-06501-0000-00002-0306-
  • Tax Block *

Community Details

Overview

  • Association fees include maintenance-common area

Recreation

  • Tennis Courts
  • Community Pool

Pet Policy

  • Pets Allowed

Additional Features

  • Clubhouse
  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,144

Lot Details

0

HOA Fees

$288 per month

Parking

1

Listing Details

  • Style: Townhouse-End Unit, One Floor Unit
  • Primary Style: Townhouse-End Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built Description: Approximate
  • County Name: Morris
  • Street Number Display: 151
  • Directions: COMMERCE AVE TO DRAKE LANE
  • I D: 4751005
  • Modified: 2021-09-23
  • Number Images: 12
  • Section Subdiv Development: DRAKESVILLE
  • First Name: DEBORAH
  • First Name3: WILLIAM
  • Last Name: RISKA
  • Last Name3: ROWENS
  • Office Phone: 973-442-2224
  • Office Phone3: 973-335-4600
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpeting, Wood
  • Appliances: Carbon Monoxide Detector, Range/Oven-Gas, Refrigerator, Washer, Dishwasher, Dryer
  • Interior Amenities: Walk-In Closet, Blinds, Fire Extinguisher, Carbon Monoxide Detector
  • Number Rooms: 5
  • Bedrooms: 2
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Primary Bathroom Features: Tub Shower
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Dining Room Level: Second
  • Kitchen Dim: 12x11
  • Kitchen Level: Second
  • Living Room Dim: 19x12
  • Living Room Level: Second
  • Level 2 Rooms: Utility Room, 2 Bedrooms, Living Room, Dining Room, Bath Main, Bath(s) Other, Kitchen
  • Phone: 973-584-2300

Exterior Features

  • Exterior Description: Wood
  • Exterior Features: Deck
  • Pool: Yes
  • Pool Description: Association Pool
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 1
  • Number Parking Spaces: 2
  • Parking Driveway Description: 1 Car Width, Parking Lot-Shared

Utilities

  • Cooling: 1 Unit, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Electric
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Amenities: Club House, Pool-Outdoor, Tennis Courts
  • Association Maintenance Fee: 288
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area

Schools

  • Elementary School: Franklin
  • Middle School: Eisenhower
  • High School: Roxbury
  • High School: Roxbury
  • Middle Jr High School: Eisenhower

Lot Info

  • Lot Size: 0.19 AC
  • Assessed Improvement Value: 57900
  • Assessed Land Value: 64500
  • Assessment: 122400
  • Lot Description: Lake/Water View
  • Lot Identifier: 2.306
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.19

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 5144
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2336-06501-0000-00002-0306-
  • Tax Rate Amount: 4.203
  • Tax Rate Tax: *
  • Tax Rate Year: 2016
  • Tax Year Tax: *
  • Tax Year: 2016

MLS Schools

  • Grade School: Franklin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2017
Closed on
Jan 11, 2018
Sold by
Olsen Kenneth
Bought by
Shvets Palvo and Shvets Kseina
Seller's Agent
Deborah Riska
THE KEY REAL ESTATE GROUP
Buyer's Agent
WILLIAM ROWENS
COMPASS NEW JERSEY, LLC
List Price
$230,000
Sold Price
$220,000
Premium/Discount to List
-$10,000
-4.35%
Current Estimated Value
$399,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$179,272
Avg. Annual Appreciation
8.14%
Original Mortgage
$2,096,000
Outstanding Balance
$1,789,208
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
-$1,395,299

Purchase Details

Closed on
May 29, 2009
Sold by
Rankin Michael and Rankin Meredith
Bought by
Olsen Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,300
Interest Rate
4.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 3, 2005
Sold by
Stockman Tad
Bought by
Rankin Michael and Rankin Meredith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,500
Interest Rate
5.79%

Purchase Details

Closed on
Feb 16, 2001
Sold by
Wolff Joseph H
Bought by
Stockman Tad

Purchase Details

Closed on
Feb 22, 1994
Sold by
Snyder Edward
Bought by
Wolff Joseph
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 Buyer Sale Price Title Company
Shvets Palvo $220,000 None Available
Olsen Kenneth $259,000 Fidelity Natl Title Ins Co
Rankin Michael $291,500 --
Stockman Tad $161,000 --
Wolff Joseph $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shvets Pavlo $200,250
Open Shvets Palvo $2,096,000
Previous Owner Olsen Kenneth M $175,500
Previous Owner Olsen Kenneth $181,300
Previous Owner Rankin Michael $256,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2018 01/22/18 Sold $220,000 -4.3% $181 / Sq Ft
12/08/2017 12/08/17 Pending -- -- --
10/03/2017 10/03/17 For Sale $230,000 -- $190 / Sq Ft
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 $5,620 $207,700 $90,000 $117,700
2023 $5,620 $207,700 $90,000 $117,700
2022 $5,471 $207,700 $90,000 $117,700
2021 $5,471 $207,700 $90,000 $117,700
2020 $5,460 $207,700 $90,000 $117,700
2019 $5,359 $207,700 $90,000 $117,700
2018 $5,275 $122,400 $64,500 $57,900
2017 $5,247 $122,400 $64,500 $57,900
2016 $5,144 $122,400 $64,500 $57,900
2015 $5,017 $122,400 $64,500 $57,900
2014 $4,938 $122,400 $64,500 $57,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3422241

Garden State MLS

APN: 36-06501-0000-00002-306