NOT LISTED FOR SALE

16 Drake Ln Unit 16 Ledgewood, NJ 07852

Estimated Value: $418,000 - $439,676

3 Beds
2 Baths
1,446 Sq Ft
$344/mo HOA Fee

Last Sold July 12, 2022

Last sale price $330,000 $228 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $3,130/month

7 Days on Market

Highlights

  • Private Pool
  • Lake View
  • Formal Dining Room
  • Roxbury High School Rated A-
  • Jogging Path
  • Thermal Windows

About This Home

As of July 2022

PRIME & PRIVATE LOCATION IN COMPLEX! RIGHT NEXT TO POND AND ACROSS FROM POOL. REALLY NICE FIRST FLOOR, 3 BEDROOM END-UNIT. NEWER FLOORING THROUGHOUT. LARGE KITCHEN WITH STAINLESS STEEL, WHIRLPOOL APPLIANCES: BRAND NEW FRENCH DOOR REFRIGERATOR, BRAND NEW DISHWASHER, AND STOVE AND KITCHEN PANTRY. SPACIOUS, LIGHT & BRIGHT LIVING ROOM / DINING ROOM WITH SLIDER ENTRY TO PATIO OVERLOOKING THE POND. MASTER BEDROOM ENSUITE WITH VAULTED CEILING & WALK IN CLOSET, PRIVATE BATH WITH SHOWER STALL, AND SMALL PATIO WHICH ALSO OVERLOOKS THE POND. TWO ADDITIONAL BEDROOMS, FULL BATHROOM AND LAUNDRY (NEWER WASHER MACHINE)/ UTILITY ROOM COMPLETE THIS FLOOR PLAN. ONE CAR GARAGE WITH ADDITIONAL CLOSET STORAGE HAS DIRECT ENTRY INTO THE BUILDING. BRAND NEW TENNIS COURTS BEING COMPLETED THIS SEPTEMBER. TERRIFIC COMMUTER LOCATION-SUPER CLOSE TO HIGHWAYS, TRAINS/BUSES, SHOPPING & MORE. ALL THIS AND PEACE OF MIND: SELLER PURCHASING FOR BUYER A ONE-YEAR HOME WARRANTY FROM AMERICA'S PREFERRED HOME WARRANTY!

Last Agent to Sell the Property

ANTOINETTE DEPIANO

KELLER WILLIAMS METROPOLITAN Listed on: 05/27/2022

Last Buyer's Agent

JOHN W. BLIND

WEICHERT REALTORS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,844

Year Built

  • Built in 1989

Lot Details

  • 10,019

HOA Fees

  • $344 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Common or Shared Parking
  • Garage Door Opener
  • Shared Driveway
  • Parking Lot

Home Design

  • Wood Siding
  • Tile

Interior Spaces

  • 1-Story Property
  • Thermal Windows
  • Window Treatments
  • Living Room
  • Formal Dining Room
  • Laminate Flooring
  • Lake Views

Kitchen

  • Eat-In Kitchen
  • Butlers Pantry
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer

Home Security

Outdoor Features

  • Private Pool
  • Patio

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
  • Underground Utilities
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2336-06501-0000-00002-0071-
  • Tax Block *

Community Details

Overview

  • Association fees include maintenance-common area, maintenance-exterior, snow removal, trash collection
  • $150 Other One-Time Fees

Recreation

  • Tennis Courts
  • Community Pool
  • Jogging Path

Pet Policy

  • Pets Allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,844

Year Built

Built in 1989

Lot Details

0

HOA Fees

$344 per month

Parking

1

Listing Details

  • Style: One Floor Unit
  • Primary Style: One Floor Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 1989
  • Year Built Description: Approximate
  • County Name: Morris
  • Renovated Year: 2019
  • Street Number Display: 16
  • Directions: Rt, 46 W to right on Drake Ln; or Route 80W to Howard Blvd. Straight to Commerce Blvd., Right on Drake Ln to Bldg 7. Park directly in front of pond.
  • I D: 5153725
  • Modified: 2023-07-13
  • Number Images: 25
  • Section Subdiv Development: Drakesville
  • First Name: ANTOINETTE
  • First Name3: JOHN W.
  • Last Name: DEPIANO
  • Last Name3: BLIND
  • Office Phone: 973-539-1120
  • Office Phone3: 973-488-1238
  • Attribution Contact: null
  • Special Features: None
  • Property Sub Type: Condos
  • Year Renovated: 2019

Interior Features

  • Flooring: Laminate, Tile
  • Floor Number: 1
  • Appliances: Carbon Monoxide Detector, Dishwasher, Dryer, Microwave Oven, Refrigerator, Self Cleaning Oven
  • Interior Amenities: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, StallShw, TubShowr, Walk-In Closet, Window Treatments
  • Number Rooms: 6
  • Bedrooms: 3
  • Master Bedroom Desc: 1st Floor, Full Bath, Walk-In Closet
  • Bedroom 1 Level: First
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Dining Room Level: First
  • Dining Area: Living/Dining Combo
  • Kitchen Area: Eat-In Kitchen, Pantry
  • Kitchen Dim: 15x11
  • Kitchen Level: First
  • Living Room Dim: 19x14
  • Living Room Level: First
  • Other Room 1: Laundry Room
  • Other Room1 Level: First
  • Level 1 Rooms: 3 Bedrooms, Bath Main, Bath(s) Other, Dining Room, Kitchen, Laundry Room, Living Room, Pantry

Exterior Features

  • Exterior Description: Wood
  • Exterior Features: Curbs, Patio, Sidewalk, Tennis Courts, Thermal Windows/Doors
  • Pool: Yes
  • Pool Description: Association Pool
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Built-In Garage, Garage Door Opener
  • Number Garage Spaces: 1
  • Parking Driveway Description: Blacktop, Common, Parking Lot-Shared

Utilities

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

Condo/Co-op/Association

  • Amenities: Jogging/Biking Path, Pool-Outdoor, Tennis Courts
  • Association Maintenance Fee: 344
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area, Maintenance-Exterior, Snow Removal, Trash Collection
  • Home Warranty: Yes

Fee Information

  • Other Fee Freqency: One Time
  • Other Fees: 150

Schools

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

Lot Info

  • Lot Size: 0.23 AC
  • Assessed Improvement Value: 132300
  • Assessed Land Value: 90000
  • Assessment: 222300
  • Easement: Unknown
  • Lot Description: Lake/Water View, Level Lot
  • Lot Identifier: 2.071
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.23
  • Zoning: Residential

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: 5844
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2336-06501-0000-00002-0071-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.634
  • Tax Rate Tax: *
  • Tax Rate Year: 2021
  • Tax Year Tax: *
  • Tax Year: 2021

MLS Schools

  • Grade School: Franklin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2022
Closed on
Jun 27, 2022
Sold by
Varghese and Vidhya
Bought by
Weinberg Carol
Seller's Agent
ANTOINETTE DEPIANO
KELLER WILLIAMS METROPOLITAN
Buyer's Agent
JOHN W. BLIND
WEICHERT REALTORS
List Price
$309,900
Sold Price
$330,000
Premium/Discount to List
$20,100
6.49%
Current Estimated Value
$427,669

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,669
Avg. Annual Appreciation
8.41%
Original Mortgage
$85,000
Outstanding Balance
$71,767
Interest Rate
4.81%
Mortgage Type
Balloon
Estimated Equity
$355,902

Purchase Details

Closed on
Jan 6, 2011
Sold by
Oconnell John J and Oconnell Diane
Bought by
Varghese Vinu and Varghese Thakidiyil T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,169
Interest Rate
4.62%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Weinberg Carol $330,000 Suburban Title Examiners
Varghese Vinu $230,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weinberg Carol $85,000
Previous Owner Varghese Vinu $224,169
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2022 07/12/22 Sold $330,000 +6.5% $228 / Sq Ft
06/10/2022 06/10/22 Pending -- -- --
06/02/2022 06/02/22 For Sale $309,900 -- $214 / 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
2025 $6,111 $222,300 $90,000 $132,300
2024 $6,015 $222,300 $90,000 $132,300
2023 $6,015 $222,300 $90,000 $132,300
2022 $5,855 $222,300 $90,000 $132,300
2021 $5,855 $222,300 $90,000 $132,300
2020 $5,844 $222,300 $90,000 $132,300
2019 $5,735 $222,300 $90,000 $132,300
2018 $5,978 $138,700 $66,500 $72,200
2017 $5,946 $138,700 $66,500 $72,200
2016 $5,830 $138,700 $66,500 $72,200
2015 $5,685 $138,700 $66,500 $72,200
2014 $5,595 $138,700 $66,500 $72,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3785096

Garden State MLS

APN: 36-06501-0000-00002-071