NOT LISTED FOR SALE

16 Lyon Ln Unit 168 Franklin Park, NJ 08823

Estimated Value: $410,000 - $485,000

2 Beds
2.5 Baths
1,466 Sq Ft
$298/Sq Ft Est. Value

Last Sold January 27, 2022

Last sale price $320,000 $218 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $2,793/month

26 Days on Market

Highlights

  • In Ground Pool
  • Wood Flooring
  • Tennis Courts
  • Property is near public transit
  • Granite Countertops
  • Formal Dining Room

About This Home

As of January 2022

Gorgeous Society Hill II End Unit just waiting for you! Plenty of natural sunlight, recessed lighting throughout & neutral color palette. Hardwood floors throughout except for the living room. Updated eat-in-kitchen with quality Maple cabinets, granite countertops & stainless steel appliances that are less than 2 years old. Generous sized dining room for those great family gatherings. Large sunken living room with wood burning fireplace, recessed lighting & large sliders leading to the newly paved patio (2020) with additional storage. Half Bath on first floor. The secondary bedroom has full bath & walk-in closet with custom shelving. Large Master bedroom with ample closet space & full bathroom. Brand new washer\dryer on 2nd floor(2021). Furnace & Central AC were replaced 2021 & hot water heater 2019. Close to multi-cultural shopping, restaurants, transportation & much more! Showings start 12/02/2021.

Last Agent to Sell the Property

Cathy Chaudemanche

KELLER WILLIAMS ELITE REALTORS Listed on: 12/02/2021

KELLER WILLIAMS ELITE REALTORS

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,579

Year Built

  • Built in 1986

Lot Details

  • Cul-De-Sac

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,466 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Living Room
  • Formal Dining Room

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Parking

  • Common or Shared Parking
  • Open Parking

Outdoor Features

  • In Ground Pool
  • Patio
  • Shed

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Gas Water Heater

Community Details

Overview

  • Association fees include insurance
  • Society Hill/Somerset II Subdivision

Recreation

  • Tennis Courts

Pet Policy

  • Pets Allowed

Building Details

  • Maintenance Expense $250

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,579

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Sub Type: Townhouse
  • Prop. Type: Residential
  • Lot Size: 0.00 x 0.00
  • Ownership: Condominium
  • Subdivision Name: Society Hill/Somerset II
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Property Attached Yn: Yes
  • Building Stories: 2
  • Structure Type: Townhouse
  • Year Built: 1986
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Bedroom/Bathroom Features: Stall Shower
  • Dining Room Features: Formal Dining Room
  • Master Bedroom Features: Full Bath
  • Room Kitchen Features: Granite/Corian Countertops, Pantry, Eat-in Kitchen, Separate Dining Area
  • Appliances: Dishwasher, Dryer, Gas Range/Oven, Microwave, Refrigerator, Washer, Gas Water Heater
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Laminate, Wood
  • Interior Amenities: Kitchen, Living Room, Dining Room, 2 Bedrooms, Bath Main
  • Living Area: 1466
  • Stories: 2

Exterior Features

  • Lot Features: Near Shopping, Near Train, Cul-De-Sac, Near Public Transit
  • Pool Features: Outdoor Pool, In Ground
  • Other Structures: Shed(s)
  • Patio And Porch Features: Patio
  • Roof: Asphalt

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Common

Utilities

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

Condo/Co-op/Association

  • Community Features: Tennis Court(s)
  • Senior Community: No
  • Association #2 Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Insurance

Lot Info

  • Zoning: CR

Multi Family

  • Maintenance Expense: 250

Tax Info

  • Tax Annual Amount: 5579
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2021
Closed on
Jan 25, 2022
Sold by
Marie Folkes Monica and Marie Brandon T
Bought by
Chaand Sanjeev Kumar and Rani Kaushalya
Seller's Agent
Cathy Chaudemanche
KELLER WILLIAMS ELITE REALTORS
List Price
$320,000
Sold Price
$320,000
Current Estimated Value
$437,262

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,262
Avg. Annual Appreciation
8.42%
Original Mortgage
$160,000
Outstanding Balance
$127,280
Interest Rate
2.62%
Mortgage Type
New Conventional
Estimated Equity
$309,982

Purchase Details

Closed on
May 23, 2021
Sold by
Folkes Monica Marie and Folkes Brandon T
Bought by
Folkes Monica Marie and Folkes Brandon T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,500
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2019
Sold by
Mehta Shamit and Mehta Ronak
Bought by
Folkes Monica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,250
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 28, 2016
Sold by
Utasi Michael G
Bought by
Mehta Shamit and Mehta Ronak

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,600
Interest Rate
2.79%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chaand Sanjeev Kumar $320,000 Gulyas Maria Turco
Folkes Monica Marie -- Vantage Point Title Inc
Folkes Monica Marie -- Vantage Point Title
Folkes Monica $25,500 Elite Team Title Llc
Mehta Shamit $236,000 River Edge Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chaand Sanjeev Kumar $160,000
Previous Owner Folkes Monica Marie $240,500
Previous Owner Folkes Monica $242,250
Previous Owner Mehta Shamit $181,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/27/2022 01/27/22 Sold $320,000 0.0% $218 / Sq Ft
12/28/2021 12/28/21 Pending -- -- --
12/02/2021 12/02/21 For Sale $320,000 -- $218 / 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 $6,000 $389,900 $160,000 $229,900
2024 $6,000 $332,800 $160,000 $172,800
2023 $5,820 $302,800 $130,000 $172,800
2022 $5,330 $262,800 $90,000 $172,800
2021 $5,579 $252,800 $80,000 $172,800
2020 $5,485 $242,800 $70,000 $172,800
2019 $5,324 $232,800 $60,000 $172,800
2018 $5,033 $217,900 $50,000 $167,900
2017 $4,705 $202,900 $35,000 $167,900
2016 $4,629 $197,900 $30,000 $167,900
2015 $4,597 $197,900 $30,000 $167,900
2014 $4,528 $197,900 $30,000 $167,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2207247R

All Jersey MLS

APN: 08-00034-02-00016-03-C0168