NOT LISTED FOR SALE

16 Palace Ct Monroe Township, NJ 08831

Estimated Value: $1,375,000 - $1,392,567

6 Beds
5 Baths
3,886 Sq Ft
$356/Sq Ft Est. Value

Last Sold July 28, 2023

Last sale price $1,225,000 $315 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $8,899/month

8 Days on Market

Highlights

  • 0.74 Acre Lot
  • Colonial Architecture
  • No HOA
  • Mill Lake Elementary School Rated A-
  • Wood Flooring
  • Wet Bar

About This Home

As of July 2023

AMAZING 3886 sq ft Expanded + Customized Esprit model in Dynasty Estates boasts 6 Bed + 5 Full Baths and sits at end of private Cul de sac backing to serenity of protected Woods*This Beautiful Home offers options to have 5th bedrm -full bath in addition to a 6th bed/office/play rm on main level*9 ft ceiling,Hardwood on first fl*Open Concept Kitchen-Granite,SS applnc,direct vent,center isle w/sink,Garden window*13x7 Mud rm w/3 door pantry*LG Family rm-Gas Fireplace,2nd Stairs*4 nice sized bedrms upstairs*Master en suite-sitting area,Granite dual sinks,6x5 shower,Corner Tub*15x12 wic w/organizers*13x11 upstairs Laundry*Finished Basement w/Full Bath,31x16 great rm,14x11 gym,kitchenette,400 sq ft storage*Front Sitting Porch*Tranquil Back w/Grassy yard surrounded by trees,Huge Multi level Paver Paver Patio,Custom Granite Wet Bar w/gas line,elec Sun Awning,fire pit,swing set,trampoline*Massive freshly seal coated Driveway w/Belgium Block*2 new water heaters+upstairs AC*2 Zone HVAC w/Nests* Built in Speakers*16 zone sprinkler*security system*10x10 storage shed*This Exquisite Updated Home offers room for all in a tranquil setting in one of the most desireable neighborhoods in Monroe*

Last Agent to Sell the Property

John Horvath

Weichert Realtors-Old Bridge License #0015075 Listed on: 05/23/2023

Weichert Realtors-Old Bridge

Last Buyer's Agent

Sujatha Bhaskara

Keller Williams Realty West Monmouth License #0563235

Keller Williams Realty West Monmouth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,972

Year Built

  • Built in 2006

Lot Details

  • 0.74 Acre Lot

Parking

  • 2 Car Garage

Home Design

  • Colonial Architecture
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,886 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Gas Fireplace
  • Sliding Doors
  • Finished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Full Bathrooms

Outdoor Features

  • Patio
  • Shed

Schools

  • Monroe Twp High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Dynasty Est Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1200109210000773

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,972

Year Built

Built in 2006

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Subdivision Name: Dynasty Est
  • Architectural Style: Colonial
  • Reso Flooring: Tile, Wood
  • Reso Interior Features: Sliding Door, Wet Bar
  • Year Built: 2006
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • Interior Sliding Door: Yes
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Acreage: 0.74
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Shed: Yes
  • Floors Tile: Yes
  • Foyer Fireplace - Gas: Yes
  • Special Features: None

Interior Features

  • Basement: Finished, Full
  • Basement: Yes
  • Full Bathrooms: 5
  • Total Bedrooms: 6
  • Stories: 2
  • Basement Finished: Yes
  • Full Basement: Yes
  • Features Interior:Wet Bar: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.74
  • Waterfront: No
  • Exterior Features: Patio, Shed
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Garage Spaces: 2.0
  • General Property Info:Garage: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 32234.4
  • Parcel #: 1200109210000773

MLS Schools

  • High School: Monroe Twp

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2023
Closed on
Jul 11, 2023
Sold by
Mullen Thomas and Mullen Eileen
Bought by
Vummadi Nikhileshwarananda
Seller's Agent
John Horvath
Weichert Realtors-Old Bridge
Buyer's Agent
Sujatha Bhaskara
Keller Williams Realty West Monmouth
List Price
$1,165,000
Sold Price
$1,225,000
Premium/Discount to List
$60,000
5.15%
Views
258
Current Estimated Value
$1,382,142

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,142
Avg. Annual Appreciation
5.51%
Original Mortgage
$940,000
Outstanding Balance
$918,274
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$463,868

Purchase Details

Closed on
Aug 15, 2005
Sold by
Dynasty Assoc Llc
Bought by
Mullen Thomas and Mullen Eileen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$422,500
Interest Rate
5.79%
Mortgage Type
New Conventional
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
Vummadi Nikhileshwarananda $1,225,000 None Listed On Document
Vummadi Nikhileshwarananda $1,225,000 None Listed On Document
Mullen Thomas $550,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vummadi Nikhileshwarananda $940,000
Closed Vummadi Nikhileshwarananda $940,000
Previous Owner Mullen Thomas $422,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/28/2023 07/28/23 Sold $1,225,000 +5.2% $315 / Sq Ft
05/31/2023 05/31/23 Pending -- -- --
05/22/2023 05/22/23 For Sale $1,165,000 -- $300 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $19,972 $715,600 $207,400 $508,200
2024 $17,392 $715,600 $207,400 $508,200
2023 $17,392 $645,600 $207,400 $438,200
2022 $17,121 $645,600 $207,400 $438,200
2021 $12,764 $645,600 $207,400 $438,200
2020 $17,031 $645,600 $207,400 $438,200
2019 $16,663 $645,600 $207,400 $438,200
2018 $16,534 $645,600 $207,400 $438,200
2017 $16,211 $645,600 $207,400 $438,200
2016 $15,972 $645,600 $207,400 $438,200
2015 $15,520 $645,600 $207,400 $438,200
2014 $14,888 $645,600 $207,400 $438,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22313813

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 12-00109-21-00007-73