NOT LISTED FOR SALE

2 Lipnick Ln Edison, NJ 08820

Estimated Value: $964,000 - $1,238,000

4 Beds
3.5 Baths
2,961 Sq Ft
$372/Sq Ft Est. Value

Last Sold December 08, 2023

Last sale price $965,000 $326 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $7,242/month

59 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • No HOA
  • James Madison Primary School Rated A-
  • 1 Fireplace
  • Shed

About This Home

As of December 2023

Prestigious living where you can escape daily into your very own backyard paradise where you will find tranquil well manicured gardens to your heart's content. Elegance abounds as you approach this Brick front colonial with beautifully crafted custom landscaping surrounding the exquisite paver driveway and walkway sure to impress. Immediately upon entering the double story foyer you will feel the warmth of home leading through to your magnificent custom eat-in kitchen fully equipped with newer appliances, granite counters, custom cabinetry and plenty of room for you to bring out your inner chef. Proudly entertain your guests in the formal living room and serve in your large formal dining room. You may also choose to welcome your guests to relax and unwind in your large family room complete with fireplace or on the back deck surrounded by peaceful and serene gardens everyone is sure to enjoy. This home has it all, featuring 4 generous sized Bedrooms including a master ensuite complete with ample closet space, a master bath with jetted tub and beautiful skylights letting in lots of natural light. 3.5 baths, hardwood floors, newer furnace, newer Hot Water heater, newer ac, underground sprinklers, the list goes on! This home boasts a full finished basement complete with full bath and kitchenette, along with in-home Gym and lots of storage. All this and located in a beautiful cul-de-sac, prime commuter location within the highly sought after North Edison School District. You will absolutely love it here!

Last Agent to Sell the Property

Ann Marie Konko

Fortune Real Estate and Investment Group, LLC License #1007536 Listed on: 10/10/2023

Last Buyer's Agent

Ann Marie Konko

Fortune Real Estate and Investment Group, LLC License #1007536 Listed on: 10/10/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,870

Year Built

  • Built in 1989

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 100 x 102
  • Sprinkler System

Parking

  • 2 Car Garage

Home Design

  • Colonial Architecture
  • Shingle Roof

Interior Spaces

  • 2,961 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Deck
  • Shed

Schools

  • Edison High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 05-00495-0000-00091

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,870

Year Built

Built in 1989

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Subdivision Name: None
  • Architectural Style: Colonial
  • Year Built: 1989
  • Contract Info List PriceSqFt: 329.28
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Acreage: 0.23
  • General Property Info Lot Dimensions: 100 x 102
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Shed: Yes
  • General Property Info # Fireplaces: 1.0
  • Exterior Sprinkler Under: Yes
  • ExteriorDeck: Yes
  • Special Features: None

Interior Features

  • Basement: Finished, Full
  • Basement: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Stories: 2
  • Basement Finished: Yes
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.23
  • Waterfront: No
  • Exterior Features: Deck, Shed, Sprinkler Under

Garage/Parking

  • Garage: Yes
  • Garage Spaces: 2.0
  • General Property Info:Garage: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Natural Gas
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 100 x 102
  • Lot Size Sq Ft: 10018.8
  • Parcel #: 05-00495-0000-00091

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 17870.0

MLS Schools

  • High School: Edison

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2023
Closed on
Dec 8, 2023
Sold by
Ojeda Osvaldo C and Ojeda Margaret
Bought by
Khurana Pankaj and Khurana Richa
Seller's Agent
Ann Marie Konko
Fortune Real Estate and Investment Group, LLC
Buyer's Agent
Ann Marie Konko
Fortune Real Estate and Investment Group, LLC
List Price
$929,000
Sold Price
$965,000
Premium/Discount to List
$36,000
3.88%
Views
558
Current Estimated Value
$1,102,754

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,754
Avg. Annual Appreciation
6.56%
Original Mortgage
$772,000
Outstanding Balance
$756,129
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$346,625

Purchase Details

Closed on
Apr 6, 2022
Sold by
Ojeda Christopher O and Ojeda Margaret
Bought by
Ojeda Osvaldo C and Ojeda Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 1989
Bought by
Ojeda Ojeda O and Ojeda Margaret
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Khurana Pankaj $965,000 Aglobal Title Agency Llc
Khurana Pankaj $965,000 Aglobal Title Agency Llc
Ojeda Osvaldo C -- None Listed On Document
Ojeda Ojeda O $323,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khurana Pankaj $772,000
Closed Khurana Pankaj $772,000
Previous Owner Ojeda Osvaldo C $375,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2023 12/08/23 Sold $965,000 -1.0% $326 / Sq Ft
10/25/2023 10/25/23 Pending -- -- --
10/10/2023 10/10/23 Price Changed $975,000 +5.0% $329 / Sq Ft
10/10/2023 10/10/23 For Sale $929,000 0.0% $314 / Sq Ft
09/07/2023 09/07/23 Pending -- -- --
08/26/2023 08/26/23 For Sale $929,000 -- $314 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $18,401 $309,100 $95,000 $214,100
2024 $17,864 $309,100 $95,000 $214,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22323891

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 05-00495-0000-00091