NOT LISTED FOR SALE

2 Elm St Somerset, NJ 08873

Estimated Value: $955,000 - $1,242,000

5 Beds
5 Baths
-- Sq Ft
0.88 Acres

Last Sold November 12, 2014

Last sale price $850,000

Est. 22% increase in value since last sale

Current estimated payment $7,066/month

51 Days on Market

Highlights

  • Water Views
  • 0.88 Acre Lot
  • Victorian Architecture
  • In Ground Pool
  • Marble Flooring
  • Whirlpool Bathtub

About This Home

As of November 2014

With its majestic presence, lush grounds, and winter water views, the impressive history of this storied home comes as no surprise. Gracing East Millstone since the 1850's, an all-brick Italianate Victorian was constructed by the Vroom family, owned by the Fleischmann's of distillery fame, and visited by Andrew Carnegie who used to dock his yacht in the nearby boat basin. The early 1900's turned it into a boarding school for girls but it reverted back to a residence, with its most recent owners of 35 years, well-known restaurateurs, sparing no expense to carry it faultlessly into the 21st century while still retaining all of its period charm. A love for hospitality and entertaining is evident in most every room of this beautiful home. Enter via a porch that almost entirely wraps the exterior into a front vestibule with powder room. The living/dining room is divided into conversation spaces delineated by decorative columns but united by original pumpkin pine floors and deep-set windows. A door connects to the dining porch, covered and with a ceiling fan to circulate the breeze on a warm night. A true chef's kitchen includes pro-appliances and more prep space than any home cook could dream for. Adjacent find a casual dining area within the all-season sun room, while downstairs a wine room/cellar is reminiscent of a trip to Napa. Five bedrooms grace the second floor. The spa experience provided by the master en suite will relax the senses. A finished third floor with a full bathroom is the ultimate teen dream. Rounding out this already divine offering is a saltwater pool, outdoor shower, enclosed vegetable garden, and a Zen garden, all behind privacy fencing with a large circular drive.

Last Agent to Sell the Property

Cynthia Weshnak

Callaway Henderson Sotheby's Int'l-Princeton License #9486585 Listed on: 07/19/2014

Callaway Henderson Sotheby's Int'l-Princeton

Last Buyer's Agent

Carolyn Spohn

Callaway Henderson Sotheby's Int'l-Princeton License #8837382

Callaway Henderson Sotheby's Int'l-Princeton

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,188

Year Built

  • Built in 1880

Lot Details

  • 0.88 Acre Lot
  • Corner Lot
  • Property is zoned R10H

Home Design

  • Victorian Architecture
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • Property has 3 Levels
  • Central Vacuum
  • Ceiling height of 9 feet or more
  • Skylights
  • Marble Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Water Views
  • Home Security System
  • Laundry Room
  • Attic

Kitchen

  • Eat-In Kitchen
  • Butlers Pantry
  • Kitchen Island

Flooring

  • Wood
  • Marble
  • Tile or Brick
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Whirlpool Bathtub

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Laundry in Basement

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Driveway

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Patio
  • Exterior Lighting
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00005 01
  • Assessor Parcel Number 08-00073 01-00005 01

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,188

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Victorian
  • Ownership: Fee Simple
  • Exclusions: Speak To Listing Agent. Hare Coat Hanger In East Vestibule.
  • Inclusions: Washer, Dryer, Refrigerator, Chandelier
  • New Construction: No
  • Year Built: 1880
  • Remarks Public: With its majestic presence, lush grounds, and winter water views, the impressive history of this storied home comes as no surprise. Gracing East Millstone since the 1850's, an all-brick Italianate Victorian was constructed by the Vroom family, owned by the Fleischmann's of distillery fame, and visited by Andrew Carnegie who used to dock his yacht in the nearby boat basin. The early 1900's turned it into a boarding school for girls but it reverted back to a residence, with its most recent owners of 35 years, well-known restaurateurs, sparing no expense to carry it faultlessly into the 21st century while still retaining all of its period charm. A love for hospitality and entertaining is evident in most every room of this beautiful home. Enter via a porch that almost entirely wraps the exterior into a front vestibule with powder room. The living/dining room is divided into conversation spaces delineated by decorative columns but united by original pumpkin pine floors and deep-set windows. A door connects to the dining porch, covered and with a ceiling fan to circulate the breeze on a warm night. A true chef's kitchen includes pro-appliances and more prep space than any home cook could dream for. Adjacent find a casual dining area within the all-season sun room, while downstairs a wine room/cellar is reminiscent of a trip to Napa. Five bedrooms grace the second floor. The spa experience provided by the master en suite will relax the senses. A finished third floor with a full bathroom is the ultimate teen dream. Rounding out this already divine offering is a saltwater pool, outdoor shower, enclosed vegetable garden, and a Zen garden, all behind privacy fencing with a large circular drive.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Wood, Vinyl, Tile/Brick, Marble
  • Interior Amenities: Primary Bath(s), Kitchen - Island, Butlers Pantry, Whirlpool/Hottub, Skylight(s), Central Vacuum, Kitchen - Eat-In
  • Fireplace Features: Marble
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: 9'+ Ceilings
  • Entry Location: Foyer
  • Levels Count: 3+
  • Room Count: 11
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Laundry, Attic
  • Basement: Yes
  • Basement Type: Full, Outside Entrance
  • Laundry Type: Basement
  • Street Number Modifier: 2

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 2

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • Exterior Features: Exterior Lighting, Outside Shower
  • Pool Features: In Ground
  • Roof: Shingle
  • View: Water
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air, Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: FRANKLIN TOWNSHIP PUBLIC SCHOOLS
  • School District Key: 300200397466

Lot Info

  • Improvement Assessed Value: 458200.00
  • Land Assessed Value: 201600.00
  • Lot Features: Corner
  • Lot Size Acres: 0.88
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 38376.00
  • Outdoor Living Structures: Patio(s), Porch(es)
  • Zoning: R10H

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3212844
  • Tax Annual Amount: 15188.00
  • Assessor Parcel Number: 08-00073 01-00005 01
  • Tax Lot: 00005 01
  • Tax Year: 2014
  • Close Date: 11/12/2014

MLS Schools

  • School District Name: FRANKLIN TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2014
Closed on
Nov 12, 2014
Sold by
Black James M and Alger Elizabeth W
Bought by
Marsh Peter and Marsh Martha
Seller's Agent
Cynthia Weshnak
Callaway Henderson Sotheby's Int'l-Princeton
Buyer's Agent
Carolyn Spohn
Callaway Henderson Sotheby's Int'l-Princeton
List Price
$879,000
Sold Price
$850,000
Premium/Discount to List
-$29,000
-3.3%
Total Days on Market
51
Current Estimated Value
$1,037,300

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,300
Avg. Annual Appreciation
1.90%
Original Mortgage
$550,000
Outstanding Balance
$196,687
Interest Rate
3.19%
Mortgage Type
New Conventional
Estimated Equity
$840,613

Purchase Details

Closed on
Sep 15, 2008
Sold by
Black James M and Alger Elizabeth W
Bought by
Black James M and Alger Elizabeth W
Source: Public Records

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Range of Values:

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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
Marsh Peter $850,000 Old Republic Natl Title Ins
Black James M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marsh Peter $550,000
Previous Owner Black James M $619,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2014 11/12/14 Sold $850,000 -3.3% --
07/19/2014 07/19/14 For Sale $879,000 -- --
Source: Bright 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 $15,177 $834,800 $376,600 $458,200
2023 $15,348 $794,800 $336,600 $458,200
2022 $13,956 $684,800 $226,600 $458,200
2021 $15,168 $684,800 $226,600 $458,200
2020 $15,277 $674,800 $216,600 $458,200
2019 $15,534 $674,800 $216,600 $458,200
2018 $15,463 $664,800 $206,600 $458,200
2017 $15,283 $654,800 $196,600 $458,200
2016 $15,394 $654,800 $196,600 $458,200
2015 $15,406 $659,800 $201,600 $458,200
2014 $15,189 $659,800 $201,600 $458,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003013866

Bright MLS

APN: 08-00073-01-00005-01