NOT LISTED FOR SALE

Estimated Value: $568,000 - $738,935

5 Beds
3 Baths
3,426 Sq Ft
$190/Sq Ft Est. Value

Sale Details

Date Sold: September 26, 2024

Last sale price $590,000 $172 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,406 / mo

21 Days on Market

Highlights

  • 0.58 Acre Lot
  • Air Conditioning
  • Heating System Uses Steam
  • 1 Car Attached Garage
  • Property is near shops
  • Radiator

About This Home

As of September 2024

Location!!! Location!!! Location!! Rare to find 2 Family property in Somerset, NJ. Attention Investors!!!! Attention first time home buyers that are looking to live in one apartment while getting an additional rental income!!! This one won't last!!!!

Last Agent to Sell the Property

Joel Núñez

HALO REALTY Listed on: 05/10/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,362

Year Built

  • Built in 1970

Lot Details

  • 25,308 Sq Ft Lot
  • Lot Dimensions are 222x114

Parking

  • 1 Car Attached Garage

Interior Spaces

  • 3,426 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Location

  • Property is near shops

Utilities

  • Air Conditioning
  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Heating System Uses Steam
  • Well
  • Water Heater

Listing and Financial Details

  • The owner pays for unit 1 owner pays(gas), unit 2 owner pays(gas), unit 3 owner pays(see remarks)

Community Details

Overview

  • Hamilton Terrace Subdivision

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,362

Year Built

Built in 1970

Lot Details

0.58 Acres

Parking

1

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.581
  • Lot Size: 222X114
  • Ownership: Fee Simple
  • Subdivision Name: Hamilton Terrace
  • Carport Y N: No
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1970
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Water Heater(Electric,Gas), Water Heater, Unit 1(Range/Oven,Refrigerator)
  • Owner Pays: Unit 1 Owner Pays(Gas), Unit 2 Owner Pays(Gas), Unit 3 Owner Pays(See Remarks)
  • Has Basement: Full
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Interior Amenities: Unit 1(2+ Baths,3 Bedrooms,Den/Family Room,Dining Room,Living Room), Unit 2(1 Bath,2 Bedrooms), Unit 3(See Remarks)
  • Living Area: 3426
  • Stories: 2

Exterior Features

  • Lot Features: Near Shopping

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Attached

Utilities

  • Gas Company: Natural Gas
  • Cooling: A/C Wall Unit(s), Unit 1(A/C Unit)
  • Heating: Radiators-Steam, Steam
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Well

Lot Info

  • Lot Size Sq Ft: 25308
  • Zoning: R7

Rental Info

  • Lease Term: Unit 1(Month-Month,No Lease)

Tax Info

  • Tax Annual Amount: 9362
  • Tax Year: 2023

Multi Family

  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 1

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2024
Closed on
Aug 16, 2024
Sold by
Bought by
Seller's Agent
Joel Núñez
HALO REALTY
List Price
$579,000
Sold Price
$590,000
Premium/Discount to List
$11,000
1.9%
Views
119
Current Estimated Value
$649,234

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,234
Avg. Annual Appreciation
5.37%
Original Mortgage
$460,200
Interest Rate
0.0635%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2022
Sold by
Bought by

Purchase Details

Closed on
Apr 13, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,558
Interest Rate
0.0305%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 26, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,875
Interest Rate
0.045%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 26, 2016
Closed on
Apr 17, 2017
Sold by
Bought by
Seller's Agent
Mitchell Schanen
C-21 CHARLES SMITH AGENCY
Buyer's Agent
Kelly Dunn
KELLER WILLIAMS REALTY
List Price
$207,900
Sold Price
$107,000
Premium/Discount to List
-$100,900
-48.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.62%
Original Mortgage
$145,000
Interest Rate
0.0414%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2016
Sold by
Bought by

Purchase Details

Closed on
Feb 7, 2006
Sold by
Bought by

Purchase Details

Closed on
Jun 9, 2005
Sold by
Bought by

Purchase Details

Closed on
Mar 31, 2003
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$590,000 Providence Abstract
-- Old Republic Title
$190,000 Allied Title Llc
-- Old Republic National Title
$107,000 None Available
$1,000 None Available
-- --
$515,000 --
$279,900 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $460,200
Previous Owner $186,558
Previous Owner $196,875
Previous Owner $145,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/26/2024 09/26/24 Sold $590,000 +1.9% $172 / Sq Ft
05/10/2024 05/10/24 For Sale $579,000 +441.1% $169 / Sq Ft
05/12/2017 05/12/17 Sold $107,000 -48.5% -- View Prior Sale
04/03/2017 04/03/17 Pending -- -- --
07/26/2016 07/26/16 For Sale $207,900 -- --
Source: All Jersey MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $10,423 $641,900 $300,500 $341,400
2025 $9,157 $591,900 $250,500 $341,400
2024 $9,157 $502,600 $250,500 $252,100
2023 $9,362 $482,600 $230,500 $252,100
2022 $9,269 $452,600 $200,500 $252,100
2021 $9,197 $412,600 $160,500 $252,100
2020 $9,436 $412,600 $160,500 $252,100
2019 $9,339 $402,900 $150,800 $252,100
2018 $9,078 $387,600 $135,500 $252,100
2017 $9,112 $387,600 $135,500 $252,100
2016 $9,285 $391,600 $139,500 $252,100
2015 $9,222 $391,600 $139,500 $252,100
2014 $8,969 $386,600 $134,500 $252,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2354424M

All Jersey MLS

APN: 08-00203-0000-00019

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