NOT LISTED FOR SALE

205 Somerset St Bound Brook, NJ 08805

Estimated Value: $607,000 - $730,000

-- Bed
-- Bath
-- Sq Ft
0.56 Acres

Last Sold March 11, 2022

Last sale price $525,000

Est. 23% increase in value since last sale

Current estimated payment $4,520/month

57 Days on Market

About This Home

As of March 2022

This home is located at 205 Somerset St, Bound Brook, NJ 08805 since 03 December 2021 and is currently estimated at $645,374. This property was built in 1870. 205 Somerset St is a home located in Somerset County with nearby schools including LaMonte Annex Elementary School, Lafayette Elementary School, and Bound Brook High School.

Last Listed By

Roseann O'Keefe

NEXTHOME PREMIER Brokerage Phone: 908-325-5000 Listed on: 12/03/2021

NEXTHOME PREMIER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,300

Year Built

  • Built in 1870

Lot Details

  • 0.56 Acre Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,300

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Year Built: 1870
  • County Name: Somerset
  • Street Number Display: 205
  • I D: 5118094
  • Modified: 2023-03-12
  • Number Images: 35
  • Attribution Contact: 908-325-5000
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 93X260
  • Total Acres: 0.56

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2021
Closed on
Mar 10, 2022
Sold by
Njhq Holdings Llc
Bought by
Gibbs Blair and Gibbs Tyneisha
Seller's Agent
Roseann O'Keefe
NEXTHOME PREMIER
Buyer's Agent
TAMMY M WILLIAMS
BHHS FOX & ROACH
List Price
$479,000
Sold Price
$525,000
Premium/Discount to List
$46,000
9.6%
Total Days on Market
57
Current Estimated Value
$645,374

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,374
Avg. Annual Appreciation
4.90%
Original Mortgage
$480,768
Outstanding Balance
$454,461
Interest Rate
3.85%
Mortgage Type
FHA
Estimated Equity
$156,238

Purchase Details

Listed on
Aug 17, 2015
Closed on
Feb 19, 2016
Sold by
Cobb Robert E
Bought by
Njhq Holdings Llc
Seller's Agent
Freeman Smith
COLDWELL BANKER REALTY
Buyer's Agent
Freeman Smith
COLDWELL BANKER REALTY
List Price
$329,900
Sold Price
$290,000
Premium/Discount to List
-$39,900
-12.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.31%

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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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

Date Buyer Sale Price Title Company
Gibbs Blair $525,000 Green Hill Title
Njhq Holdings Llc $290,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gibbs Blair $480,768
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2022 03/11/22 Sold $525,000 +9.6% --
02/01/2022 02/01/22 Pending -- -- --
01/11/2022 01/11/22 For Sale $479,000 0.0% --
12/23/2021 12/23/21 Pending -- -- --
12/05/2021 12/05/21 For Sale $479,000 +65.2% --
02/22/2016 02/22/16 Sold $290,000 -12.1% --
12/16/2015 12/16/15 Pending -- -- --
08/17/2015 08/17/15 For Sale $329,900 -- --
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 $11,300 $498,000 $232,500 $265,500
2023 $11,005 $466,700 $207,500 $259,200
2022 $11,052 $444,200 $197,500 $246,700
2021 $8,532 $303,200 $112,500 $190,700
2020 $8,495 $275,200 $102,500 $172,700
2019 $8,585 $265,200 $92,500 $172,700
2018 $7,998 $239,900 $92,500 $147,400
2017 $8,029 $235,400 $92,500 $142,900
2016 $7,950 $234,800 $57,500 $177,300
2015 $9,817 $296,500 $67,500 $229,000
2014 $8,443 $246,300 $47,500 $198,800
Source: Public Records

Agents Affiliated with this Home

  • Roseann O'Keefe

    Seller's Agent in 2022

    Roseann O'Keefe

    NEXTHOME PREMIER

    (908) 720-9205

    4 in this area

    152 Total Sales

    Roseann O'Keefe
    Section Image

  • T

    Buyer's Agent in 2022

    TAMMY M WILLIAMS

    BHHS FOX & ROACH

  • Freeman Smith

    Seller's Agent in 2016

    Freeman Smith

    COLDWELL BANKER REALTY

    (908) 500-1640

    340 Total Sales

    Freeman Smith
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3754526

Garden State MLS

APN: 04-00066-0000-00012

New Jersey Somerset County Bound Brook 08805

205 Somerset St, Bound Brook, NJ

Homes for Sale in Bound Brook, NJ

This home is located at 205 Somerset St, Bound Brook, NJ 08805 since 03 December 2021 and is currently estimated at $645,374. This property was built in 1870. 205 Somerset St is a home located in Somerset County with nearby schools including LaMonte Annex Elementary School, Lafayette Elementary School, and Bound Brook High School.

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.

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