NOT LISTED FOR SALE

18 Magellan Way Franklin Park, NJ 08823

Estimated Value: $678,000 - $716,465

3 Beds
3 Baths
-- Sq Ft
6,098 Sq Ft Lot

Last Sold August 25, 2023

Last sale price $610,000

Est. 15% increase in value since last sale

Current estimated payment $4,691/month

23 Days on Market

About This Home

As of August 2023

This home is located at 18 Magellan Way, Franklin Park, NJ 08823 since 17 June 2023 and is currently estimated at $699,616. This property was built in 1991. 18 Magellan Way is a home located in Somerset County with nearby schools including Franklin High School, St. Augustine of Canterbury School, and Guidepost Montessori at Kendall Park.

Last Agent to Sell the Property

Richard Keri

RE/MAX DIAMOND REALTORS Brokerage Phone: 732-297-1100 Listed on: 06/17/2023

RE/MAX DIAMOND REALTORS

Last Buyer's Agent

Sandra Elik

TVERDOV HOUSING

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,698

Year Built

  • Built in 1991

Lot Details

  • 6,098 Sq Ft Lot

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,698

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Year Built: 1991
  • County Name: Somerset
  • Street Number Display: 18
  • I D: 5227946
  • Modified: 2024-08-26
  • Number Images: 1
  • Attribution Contact: 732-297-1100
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Bathrooms: 2.10

Lot Info

  • Lot Size: .14 ACRES
  • Total Acres: 0.14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2023
Closed on
Aug 4, 2023
Sold by
Palancia Robert and Palancia Pamela
Bought by
Khan Amjid A and Malik Nasir M
Seller's Agent
Richard Keri
RE/MAX DIAMOND REALTORS
Buyer's Agent
Sandra Elik
TVERDOV HOUSING
List Price
$599,999
Sold Price
$610,000
Premium/Discount to List
$10,001
1.67%
Views
8
Current Estimated Value
$699,616

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,616
Avg. Annual Appreciation
7.38%
Original Mortgage
$549,000
Outstanding Balance
$538,025
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$156,335

Purchase Details

Closed on
Sep 27, 1991
Sold by
K Hovnanian At Somerset Vii Inc
Bought by
Palancia Robert and Palancia Basile,Pamela
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Khan Amjid A $610,000 None Listed On Document
Palancia Robert $173,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khan Amjid A $549,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2023 08/25/23 Sold $610,000 +1.7% --
07/10/2023 07/10/23 Pending -- -- --
06/17/2023 06/17/23 For Sale $599,999 -- --
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 $9,698 $537,900 $306,100 $231,800
2023 $9,377 $487,900 $256,100 $231,800
2022 $9,286 $457,900 $226,100 $231,800
2021 $9,002 $407,900 $176,100 $231,800
2020 $8,989 $397,900 $166,100 $231,800
2019 $8,871 $387,900 $156,100 $231,800
2018 $8,616 $373,000 $136,100 $236,900
2017 $8,418 $363,000 $126,100 $236,900
2016 $8,374 $358,000 $121,100 $236,900
2015 $8,337 $358,900 $116,100 $242,800
2014 $8,189 $357,900 $115,100 $242,800
Source: Public Records

Agents Affiliated with this Home

  • Richard Keri

    Seller's Agent in 2023

    Richard Keri

    RE/MAX

    (732) 586-9524

    30 in this area

    82 Total Sales

    Richard Keri
    Section Image

  • S

    Buyer's Agent in 2023

    Sandra Elik

    TVERDOV HOUSING

    (908) 397-2612

    2 in this area

    20 Total Sales

    Sandra Elik
    Section Image

  • J

    Buyer Co-Listing Agent in 2023

    Joseph Shulack

    TVERDOV HOUSING

    (908) 635-2431

    4 in this area

    22 Total Sales

    Joseph Shulack
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3849893

Garden State MLS

APN: 08-00020-05-00142

New Jersey Somerset County Franklin Park 08823

18 Magellan Way, Franklin Park, NJ

This home is located at 18 Magellan Way, Franklin Park, NJ 08823 since 17 June 2023 and is currently estimated at $699,616. This property was built in 1991. 18 Magellan Way is a home located in Somerset County with nearby schools including Franklin High School, St. Augustine of Canterbury School, and Guidepost Montessori at Kendall Park.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes