NOT LISTED FOR SALE

23 Magellan Way Franklin Park, NJ 08823

Estimated Value: $709,000 - $815,000

3 Beds
-- Bath
1,970 Sq Ft
$380/Sq Ft Est. Value

Last Sold October 16, 2023

Last sale price $640,000 $325 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $4,748/month

About This Home

This home is located at 23 Magellan Way, Franklin Park, NJ 08823 and is currently estimated at $749,482, approximately $380 per square foot. 23 Magellan Way is a home located in Somerset County with nearby schools including Franklin High School, St. Augustine of Canterbury School, and Guidepost Montessori at Kendall Park.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2023
Closed on
Sep 28, 2023
Sold by
Parthasarathy Satya Narayan and Parthasarathy Ambika
Bought by
Gandhi Harsh D and Gandhi Unnati M
Seller's Agent
LISA BERCHOFF
WEICHERT REALTORS
Buyer's Agent
Richard Keri
RE/MAX DIAMOND REALTORS
List Price
$599,900
Sold Price
$640,000
Premium/Discount to List
$40,100
6.68%
Views
129
Current Estimated Value
$749,482

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,482
Avg. Annual Appreciation
7.55%
Original Mortgage
$576,000
Outstanding Balance
$564,674
Interest Rate
7.12%
Mortgage Type
New Conventional
Estimated Equity
$184,808

Purchase Details

Closed on
Nov 29, 2011
Sold by
Kapler Paul and Kapler Amy
Bought by
Parthasarathy Satya Narayan and Prasad Ambika

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2002
Sold by
Rametta Robert
Bought by
Kapler Paul and Kapler Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,600
Interest Rate
6.81%

Purchase Details

Closed on
Sep 30, 1991
Sold by
K Hovnanian At Somerset Vii Inc
Bought by
Rametta Robert and Rametta Karen
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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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
Gandhi Harsh D $640,000 None Listed On Document
Gandhi Harsh D $640,000 None Listed On Document
Parthasarathy Satya Narayan $340,000 First American Title Ins Co
Kapler Paul $294,000 --
Rametta Robert $171,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gandhi Harsh D $576,000
Closed Gandhi Harsh D $576,000
Previous Owner Parthasarathy Satya Narayan $272,000
Previous Owner Kapler Paul $233,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/16/2023 10/16/23 Sold $640,000 +6.7% -- View Prior Sale
08/24/2023 08/24/23 Pending -- -- --
07/28/2023 07/28/23 For Sale $599,900 -- --

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 $9,677 $613,600 $305,700 $307,900
2024 $9,677 $536,700 $305,700 $231,000
2023 $9,354 $486,700 $255,700 $231,000
2022 $9,262 $456,700 $225,700 $231,000
2021 $8,976 $406,700 $175,700 $231,000
2020 $8,961 $396,700 $165,700 $231,000
2019 $8,691 $380,000 $155,700 $224,300
2018 $8,434 $365,100 $135,700 $229,400
2017 $8,235 $355,100 $125,700 $229,400
2016 $8,189 $350,100 $120,700 $229,400
2015 $8,017 $345,100 $115,700 $229,400
2014 $7,884 $344,600 $114,700 $229,900
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2023

    LISA BERCHOFF

    WEICHERT REALTORS

  • Richard Keri

    Buyer's Agent in 2023

    Richard Keri

    RE/MAX

    (732) 586-9524

    26 in this area

    71 Total Sales

    Richard Keri
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Map

New Jersey Somerset County Franklin Park 08823

23 Magellan Way, Franklin Park, NJ

Not Listed for Sale

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