$485,000
SOLD AUG 8, 2025

196 Jonathan Place Somerset, NJ 08873

2 Beds
2.5 Baths
1,306 Sq Ft
3,141 Sq Ft Lot

Recently Sold

$371 Per Sq Ft

3% Above List Price

23 Days on Market

Highlights

  • Contemporary Architecture
  • Granite Countertops
  • Breakfast Bar
  • Corner Lot
  • L-Shaped Dining Room
  • Living Room

About This Home

As of August 2025

Fully renovated 2-bedroom, 2.5-bath townhouse with a garage, located in the heart of Franklin. Set within a quiet and friendly community, this home features an open layout that's perfect for comfortable living. The entire home features newer flooring that complements the modern layout. The first floor offers a spacious living room with a wood-burning fireplace, a dining area, and a beautifully remodeled kitchen with granite countertops and stainless steel appliances. A half bath is conveniently located on this level. The dining area opens to a charming backyard patio, ideal for relaxing or entertaining. Upstairs, you'll find two generously sized bedroom suites, each with its own full bathroom. The primary suite also includes a bonus space, perfect for a study or home office. A second-floor laundry area adds everyday convenience. Ideally located near Rutgers University with easy access to Route 287.

Last Agent to Sell the Property

Yuxin He

REALMART REALTY LLC Listed on: 06/14/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,486

Year Built

  • Built in 1986

Parking

  • 1 Car Garage
  • Open Parking

Home Design

  • Contemporary Architecture
  • Asphalt Roof

Interior Spaces

  • 1,306 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Entrance Foyer
  • Living Room
  • L-Shaped Dining Room
  • Utility Room

Kitchen

  • Breakfast Bar
  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

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

Community Details

Overview

  • Association fees include ins common areas, snow removal, trash, ground maintenance, maintenance fee
  • Quail Brook Ph V C Subdivision
  • The community has rules related to vehicle restrictions

Pet Policy

  • Pets Allowed

Building Details

  • Maintenance Expense $240

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,486

Year Built

Built in 1986

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Condo/TH
  • Prop. Type: Residential
  • Lot Size Acres: 0.0721
  • Lot Size: 73.00 x 0.00
  • Ownership: Fee Simple
  • Subdivision Name: Quail Brook Ph V-c
  • Architectural Style: Contemporary
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built: 1986
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Dining Room Features: Dining L
  • Room Kitchen Features: Granite/Corian Countertops, Breakfast Bar
  • Appliances: Dishwasher, Dryer, Gas Range/Oven, Microwave, Refrigerator, Washer, Gas Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Entrance Foyer, Kitchen, Bath Half, Living Room, Dining Room, Utility Room, 2 Bedrooms, Bath Full, Bath Main, None
  • Living Area: 1306
  • Stories: 2

Exterior Features

  • Lot Features: Corner Lot
  • Roof: Asphalt

Garage/Parking

  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: 1 Car Width, Garage

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

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

Fee Information

  • Association Fee Includes: Ins Common Areas, Snow Removal, Trash, Maintenance Grounds, Maintenance Fee

Lot Info

  • Lot Size Sq Ft: 3141
  • Zoning: CR

Multi Family

  • Maintenance Expense: 240

Tax Info

  • Tax Annual Amount: 6486
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2025
Closed on
Aug 4, 2025
Sold by
Ni Chengfei
Bought by
Stavrianidis Jason Raphael
Seller's Agent
Yuxin He
REALMART REALTY LLC
List Price
$470,000
Sold Price
$485,000
Premium/Discount to List
$15,000
3.19%
Views
44

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-36.68%
Original Mortgage
$436,500
Outstanding Balance
$436,118
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$27,217

Purchase Details

Listed on
May 12, 2021
Closed on
Jul 12, 2021
Sold by
Pineda Roman and Pineda Cynthia
Bought by
Ni Chengfei
Seller's Agent
DAHLIA WONG
COLDWELL BANKER REALTY
Buyer's Agent
JOHN LAICO
RE/MAX 1ST ADVANTAGE
List Price
$325,000
Sold Price
$353,000
Premium/Discount to List
$28,000
8.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.12%
Original Mortgage
$326,890
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 23, 2015
Closed on
Apr 25, 2016
Sold by
Madsen Keri Lyn
Bought by
Pineda Roman and Pineda Cynthia
Buyer's Agent
Carol Rowe-Mair
RE/MAX FIRST REALTY
List Price
$265,000
Sold Price
$240,000
Premium/Discount to List
-$25,000
-9.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.67%
Original Mortgage
$192,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2003
Sold by
Dunn Kevin
Bought by
Madsen Keri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,900
Interest Rate
5.99%

Purchase Details

Closed on
Feb 25, 1999
Sold by
Bloom David
Bought by
Williams Leslie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.76%

Purchase Details

Closed on
Jul 12, 1994
Sold by
Duffy Susan
Bought by
Bloom Dave
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 Type Sale Price Title Company
Deed $485,000 Westcor Land Title
Deed $485,000 Westcor Land Title
Deed $353,000 Rally Point Title Agency
Deed $353,000 New Title Company Name
Deed $240,000 Chicago Title Insurance Co
Deed $224,000 --
Deed $132,000 --
Deed $128,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $436,500 New Conventional
Closed $436,500 New Conventional
Previous Owner $326,890 New Conventional
Previous Owner $232,500 No Value Available
Previous Owner $240,000 Credit Line Revolving
Previous Owner $70,000 Credit Line Revolving
Previous Owner $192,000 New Conventional
Previous Owner $82,900 No Value Available
Previous Owner $125,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2025 08/08/25 Sold $485,000 +3.2% $371 / Sq Ft
06/14/2025 06/14/25 For Sale $470,000 +33.1% $360 / Sq Ft
07/15/2021 07/15/21 Sold $353,000 +8.6% --
05/27/2021 05/27/21 Pending -- -- --
05/21/2021 05/21/21 For Sale $325,000 +35.4% --
04/25/2016 04/25/16 Sold $240,000 -9.4% --
03/18/2016 03/18/16 Pending -- -- --
11/23/2015 11/23/15 For Sale $265,000 -- --
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 $6,652 $467,100 $210,000 $257,100
2024 $6,652 $365,900 $190,000 $175,900
2023 $6,486 $335,900 $160,000 $175,900
2022 $6,336 $310,900 $135,000 $175,900
2021 $6,277 $283,400 $115,000 $168,400
2020 $6,190 $273,400 $105,000 $168,400
2019 $6,294 $273,400 $105,000 $168,400
2018 $6,031 $259,300 $95,000 $164,300
2017 $5,819 $249,300 $85,000 $164,300
2016 $5,743 $244,300 $80,000 $164,300
2015 $5,471 $234,300 $70,000 $164,300
2014 $5,394 $234,300 $70,000 $164,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2515234R

All Jersey MLS

APN: 08-00424-10-00196