NOT LISTED FOR SALE

23 Magellan Way Franklin Park, NJ 08823

Estimated Value: $702,000 - $716,190

3 Beds
3 Baths
-- Sq Ft
5,663 Sq Ft Lot

Last Sold October 16, 2023

Last sale price $640,000

Est. 11% increase in value since last sale

Current estimated payment $4,743/month

26 Days on Market

About This Home

As of October 2023

This home is located at 23 Magellan Way, Franklin Park, NJ 08823 since 27 July 2023 and is currently estimated at $709,548. This property was built in 1991. 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.

Last Agent to Sell the Property

LISA BERCHOFF

WEICHERT REALTORS Brokerage Phone: 908-526-5444 Listed on: 07/27/2023

Last Buyer's Agent

Richard Keri

RE/MAX DIAMOND REALTORS

RE/MAX DIAMOND REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,677

Year Built

  • Built in 1991

Lot Details

  • 5,663 Sq Ft Lot

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,677

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Year Built: 1991
  • County Name: Somerset
  • Street Number Display: 23
  • I D: 5235681
  • Modified: 2024-10-17
  • Number Images: 1
  • Attribution Contact: 908-526-5444
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Bathrooms: 2.10

Lot Info

  • Lot Size: .13 ACRES
  • Total Acres: 0.13

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
$709,548

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,548
Avg. Annual Appreciation
6.25%
Original Mortgage
$576,000
Interest Rate
7.12%
Mortgage Type
New Conventional

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:

Collateral Analytics

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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
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 $579,000
Closed Gandhi Harsh D $576,000
Previous Owner Parthasarathy Satya Narayan $229,200
Previous Owner Parthasarathy Satya Narayan $229,500
Previous Owner Parthasarathy Satya Narayan $272,000
Previous Owner Kapler Paul $235,750
Previous Owner Kapler Paul $233,600
Source: Public Records

Property History

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

    30 in this area

    82 Total Sales

    Richard Keri
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3856701

Garden State MLS

APN: 08-00020-07-00014

New Jersey Somerset County Franklin Park 08823

23 Magellan Way, Franklin Park, NJ

This home is located at 23 Magellan Way, Franklin Park, NJ 08823 since 27 July 2023 and is currently estimated at $709,548. This property was built in 1991. 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.

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