Seller's Agent in 2023
Sarah Mapgaonkar
RE/MAX
(607) 232-6706
10 in this area
51 Total Sales
217 Rachel Ct Franklin Park, NJ 08823
Estimated Value: $348,000 - $363,000
2
Beds
2
Baths
1,150
Sq Ft
$259/mo
HOA Fee
Highlights
- Community Pool
- Tennis Courts
- Forced Air Heating and Cooling System
About This Home
As of December 20222 bed, 2 bath, second floor unit available for rent immediately in Society Hill section of Franklin Twp. Bright and airy, this end-unit has been freshly painted and is ready for move-in. Large sliding doors in the living room leads to a patio. It has laminate floors throughout, new refrigerator and dishwasher in the kitchen. The master bedroom features a walk-in closet and a linen closet. The second bedroom has a large closet as well. Washer and dryer are inside the unit. Amenities include tennis courts, swimming pool and playground. Situated centrally, close to Rt 27 with easy access to shopping and convenient to commuters. Unit has been professionally cleaned
Last Agent to Sell the Property
(856) 371-3996 jennytopagent@gmail.com Better Homes and Gardens Real Estate Maturo License #9909199 Listed on: 09/15/2022
Co-Listed By
(856) 316-0777 michaeldreamteam1@gmail.com Better Homes and Gardens Real Estate Maturo
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,254
Year Built
- Built in 1988
HOA Fees
- $259 Monthly HOA Fees
Parking
- Parking Lot
Home Design
- Entry on the 2nd floor
- Frame Construction
Interior Spaces
- 1,150 Sq Ft Home
- Property has 2 Levels
Kitchen
- Stove
- Dishwasher
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
- Cooling System Utilizes Natural Gas
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 00054 01
- Assessor Parcel Number 08-00034 08-00054 01-C4202
Community Details
Overview
- Association fees include all ground fee, common area maintenance, exterior building maintenance, lawn maintenance, management, parking fee, pool(s), snow removal, trash
- Society Hill Somerset III HOA, Phone Number (983) 237-9900
- Low-Rise Condominium
- Society Hill III Subdivision
- Property Manager
Recreation
- Tennis Courts
- Community Playground
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 15, 2022
Closed on
Nov 30, 2022
Sold by
Manning Sherrin
Bought by
Konduru Somasekhar and Sathyanarayana Padma
Seller's Agent
Jenny Albaz
Better Homes and Gardens Real Estate Maturo
Buyer's Agent
Sarah Mapgaonkar
RE/MAX First Realty
List Price
$250,000
Sold Price
$255,000
Premium/Discount to List
$5,000
2%
Views
6
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,455
Avg. Annual Appreciation
12.41%
Original Mortgage
$127,500
Outstanding Balance
$123,764
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$229,691
Purchase Details
Closed on
Mar 16, 2001
Sold by
Trautwein Craig
Bought by
Silverio Margaret
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,412
Interest Rate
7.01%
Mortgage Type
FHA
Purchase Details
Closed on
Feb 28, 1989
Sold by
Khovnanian At Somerset Iii Inc
Bought by
Trautwein Craig W and Trautwein Kusnic,J
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Konduru Somasekhar | $255,000 | Old Republic National Title | |
| Silverio Margaret | $115,000 | -- | |
| Trautwein Craig W | $108,800 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Konduru Somasekhar | $127,500 | |
| Previous Owner | Silverio Margaret | $112,412 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/01/2023 02/01/23 | Rented | $2,150 | -6.5% | -- |
| 01/29/2023 01/29/23 | Under Contract | -- | -- | -- |
| 01/03/2023 01/03/23 | For Rent | $2,300 | 0.0% | -- |
| 12/06/2022 12/06/22 | Sold | $255,000 | +2.0% | $222 / Sq Ft |
| 09/21/2022 09/21/22 | Pending | -- | -- | -- |
| 09/15/2022 09/15/22 | For Sale | $250,000 | -- | $217 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $5,254 | $361,600 | $160,000 | $201,600 |
| 2024 | $5,254 | $291,400 | $140,000 | $151,400 |
| 2023 | $5,024 | $261,400 | $110,000 | $151,400 |
| 2022 | $4,693 | $231,400 | $80,000 | $151,400 |
| 2021 | $4,555 | $206,400 | $55,000 | $151,400 |
| 2020 | $4,437 | $196,400 | $45,000 | $151,400 |
| 2019 | $4,377 | $191,400 | $40,000 | $151,400 |
| 2018 | $4,190 | $181,400 | $30,000 | $151,400 |
| 2017 | $3,975 | $171,400 | $20,000 | $151,400 |
| 2016 | $4,009 | $171,400 | $20,000 | $151,400 |
| 2015 | $3,982 | $171,400 | $20,000 | $151,400 |
| 2014 | $3,922 | $171,400 | $20,000 | $151,400 |
Source: Public Records
Agents Affiliated with this Home
-
Sarah Mapgaonkar
-
Jenny Albaz
Seller's Agent in 2022
Jenny Albaz
Better Homes and Gardens Real Estate Maturo
(856) 371-3996
1 in this area
332 Total Sales
-
MICHAEL FILIBERTO
Seller Co-Listing Agent in 2022
MICHAEL FILIBERTO
Better Homes and Gardens Real Estate Maturo
(856) 316-0777
1 in this area
55 Total Sales
Map
Source: Bright MLS
MLS Number: NJSO2001768
APN: 08-00034-08-00054-01-C4202
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