NOT LISTED FOR SALE

18 Franklin School Way Metuchen, NJ 08840

Estimated Value: $516,000 - $710,000

3 Beds
2 Baths
1,803 Sq Ft
915 Sq Ft Lot

Last Sold June 28, 2023

Last sale price $595,000 $330 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $4,503/month

44 Days on Market

Highlights

  • Contemporary Architecture
  • Property is near public transit
  • Attic
  • Campbell Elementary School Rated A-
  • Wood Flooring
  • Granite Countertops

About This Home

As of June 2023

This home is located at 18 Franklin School Way, Metuchen, NJ 08840 since 15 May 2023 and is currently estimated at $639,178, approximately $354 per square foot. This property was built in 2002. 18 Franklin School Way is a home located in Middlesex County with nearby schools including Campbell Elementary School, Edgar Middle School, and Metuchen High School.

Last Agent to Sell the Property

Nancy Steingart

COLDWELL BANKER REALTY Listed on: 05/15/2023

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,347

Year Built

  • Built in 2002

Lot Details

  • 915

Home Design

  • Contemporary Architecture
  • Asphalt Roof

Interior Spaces

  • 1,803 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Combination Dining and Living Room
  • Wood Flooring
  • Attic

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Common or Shared Parking
  • Additional Parking
  • Open Parking

Outdoor Features

  • Porch

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • Forced Air Heating System
  • Gas Water Heater

Community Details

Overview

  • Association fees include common area maintenance, maintenance structure, snow removal, trash, ground maintenance
  • Franklin Square Bldg 03 Subdivision
  • The community has rules related to vehicle restrictions

Pet Policy

  • Pets Allowed

Building Details

  • Maintenance Expense $395

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,347

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Sub Type: Condo/TH
  • Prop. Type: Residential
  • Lot Size: 0.00 x 0.00
  • Ownership: Condominium
  • Subdivision Name: Franklin Square Bldg 03
  • Architectural Style: Contemporary
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Property Attached Yn: Yes
  • Building Stories: 2
  • Year Built: 2002
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 2

Interior Features

  • Dining Room Features: Living Dining Combo
  • Room Kitchen Features: Granite/Corian Countertops, Country Kitchen, Pantry, Eat-in Kitchen
  • Appliances: Dishwasher, Dryer, Gas Range/Oven, Microwave, Refrigerator, Washer, Gas Water Heater
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Wood
  • Interior Amenities: Entrance Foyer, 3 Bedrooms, Kitchen, Living Room, Dining Room, Attic
  • Living Area: 1803
  • Stories: 2

Exterior Features

  • Lot Features: Near Shopping, Near Train
  • Patio And Porch Features: Porch
  • Roof: Asphalt

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Additional Parking, Common

Utilities

  • Gas Company: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

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

Fee Information

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

Lot Info

  • Zoning: F1

Multi Family

  • Maintenance Expense: 395

Tax Info

  • Tax Annual Amount: 6347
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2023
Closed on
Jun 21, 2023
Sold by
Mckie Gillian Mary
Bought by
Solomon Eric and Li Changying
Seller's Agent
Nancy Steingart
COLDWELL BANKER REALTY
List Price
$559,900
Sold Price
$595,000
Premium/Discount to List
$35,100
6.27%
Views
36
Current Estimated Value
$639,178

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,178
Avg. Annual Appreciation
3.19%
Original Mortgage
$395,000
Outstanding Balance
$384,780
Interest Rate
6.57%
Mortgage Type
New Conventional
Estimated Equity
$254,398

Purchase Details

Listed on
Oct 17, 2020
Closed on
Dec 9, 2020
Sold by
Shon Harim and Han Jung
Bought by
Mckie Gillian Mary
Seller's Agent
EMILY ZIZNEWSKI
RE/MAX COMPETITIVE EDGE
List Price
$460,000
Sold Price
$460,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.62%

Purchase Details

Closed on
Apr 27, 2017
Sold by
Marton Elise
Bought by
Shom Harim and Han Jung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 13, 2006
Sold by
Devarajan Giridhar
Bought by
Marton Elise

Purchase Details

Closed on
Aug 16, 2002
Sold by
Franklin Square
Bought by
Devarajam Giridhar and Sangameswaran Hema

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
6.25%
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
Solomon Eric $595,000 Acres Land Title
Solomon Eric $595,000 Acres Land Title
Mckie Gillian Mary $460,000 Acres Land Title Agency Inc
Mckie Gillian Mary $460,000 Land Title
Shom Harim $375,000 Vintage Title Services Llc
Marton Elise $400,000 --
Devarajam Giridhar $290,175 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Solomon Eric $395,000
Closed Solomon Eric $395,000
Previous Owner Shom Harim $300,000
Previous Owner Devarajam Giridhar $232,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/28/2023 06/28/23 Sold $595,000 +6.3% $330 / Sq Ft
05/15/2023 05/15/23 For Sale $559,900 +21.7% $311 / Sq Ft
12/10/2020 12/10/20 Sold $460,000 0.0% $255 / Sq Ft View Prior Sale
11/10/2020 11/10/20 Pending -- -- --
10/17/2020 10/17/20 For Sale $460,000 -- $255 / 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 $13,215 $190,000 $25,000 $165,000
2024 $12,772 $190,000 $25,000 $165,000
2023 $12,772 $190,000 $25,000 $165,000
2022 $12,105 $190,000 $25,000 $165,000
2021 $11,365 $185,000 $25,000 $160,000
2020 $11,365 $185,000 $25,000 $160,000
2019 $10,766 $185,000 $25,000 $160,000
2018 $10,853 $185,000 $25,000 $160,000
2017 $10,716 $182,500 $24,600 $157,900
2016 $10,530 $182,500 $24,600 $157,900
2015 $10,297 $182,500 $24,600 $157,900
2014 $10,039 $182,500 $24,600 $157,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2312269R

All Jersey MLS

APN: 09-00085-0000-00001-0000-C0013