NOT LISTED FOR SALE

24 Layne Rd Somerset, NJ 08873

Estimated Value: $717,000 - $773,818

5 Beds
3.5 Baths
2,694 Sq Ft
$276/Sq Ft Est. Value

Last Sold October 28, 2022

Last sale price $575,000 $213 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $4,964/month

28 Days on Market

Highlights

  • Colonial Architecture
  • 2 Car Attached Garage
  • 3-minute walk to Inman Park
  • No HOA
  • Central Heating and Cooling System

About This Home

As of October 2022

Look no further you have found your perfect home! This home features an open foyer which leads to the formal living and dining area. The first floor primary bathroom has heated floors, a walk in closet and a separate entrance to the outdoor deck. The backyard is an outdoor oasis!! You have a Trex deck, paved patio area with a built in firepit and plenty of backyard space to garden or play your favorite outdoor games! The basement is finished and can be designed to be whatever your imagination can think of. Don't miss out on this one, make your appointment today.

Last Agent to Sell the Property

Marva Morris

RE/MAX Tri County Listed on: 07/17/2022

RE/MAX Tri County

Last Buyer's Agent

Caitlin Lennon

AVENUE REALTY, LLC License #0225252882[103608]

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,697

Year Built

  • Built in 1968

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 102.00 x 148.00
  • Property is zoned R20

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Colonial Architecture
  • Brick Foundation
  • Frame Construction

Interior Spaces

  • 2,694 Sq Ft Home
  • Property has 2 Levels
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

Utilities

  • Central Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00015
  • Assessor Parcel Number 08-00365-00015

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,697

Year Built

Built in 1968

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2022-07-17
  • Year Built: 1968
  • Remarks Public: Look no further you have found your perfect home! This home features an open foyer which leads to the formal living and dining area. The first floor primary bathroom has heated floors, a walk in closet and a separate entrance to the outdoor deck. The backyard is an outdoor oasis!! You have a Trex deck, paved patio area with a built in firepit and plenty of backyard space to garden or play your favorite outdoor games! The basement is finished and can be designed to be whatever your imagination can think of. Don't miss out on this one, make your appointment today.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Foundation Details: Brick/Mortar
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2694
  • Living Area Sq Ft: 2694
  • Price Per Sq Ft: 209.73
  • Above Grade Finished Sq Ft: 2694
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 24

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry, Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: FRANKLIN TOWNSHIP PUBLIC SCHOOLS
  • School District Key: 300200397466
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 221900.00
  • Land Assessed Value: 245200.00
  • Lot Size Acres: 0.35
  • Lot Dimensions: 102.00 x 148.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 15098.00
  • Year Assessed: 2021
  • Zoning: R20

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3218890
  • Assessor Parcel Number: 08-00365-00015
  • Tax Lot: 00015
  • Tax Total Finished Sq Ft: 2694
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 10/28/2022

MLS Schools

  • School District Name: FRANKLIN TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2022
Closed on
Oct 12, 2022
Sold by
Malone Teresa E
Bought by
Nelson Casandra
Seller's Agent
Marva Morris
RE/MAX Tri County
Buyer's Agent
Caitlin Lennon
AVENUE REALTY, LLC
List Price
$565,000
Sold Price
$575,000
Premium/Discount to List
$10,000
1.77%
Views
3
Current Estimated Value
$743,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,955
Avg. Annual Appreciation
7.74%
Original Mortgage
$564,585
Outstanding Balance
$548,602
Interest Rate
6.7%
Mortgage Type
FHA
Estimated Equity
$159,912

Purchase Details

Closed on
Jul 10, 2009
Sold by
Powell Sonya L
Bought by
Malone Teresa E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,772
Interest Rate
4.93%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 29, 2004
Sold by
Cohn Jerry
Bought by
Powell Sonya L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,000
Interest Rate
5.73%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Nelson Casandra $575,000 --
Malone Teresa E $430,000 Multiple
Powell Sonya L $400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nelson Casandra $564,585
Previous Owner Malone Teresa E $27,890
Previous Owner Malone Teresa E $370,675
Previous Owner Malone Teresa E $393,772
Previous Owner Powell Sonya L $420,000
Previous Owner Powell Sonya L $355,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2022 10/28/22 Sold $575,000 +1.8% $213 / Sq Ft
08/15/2022 08/15/22 Pending -- -- --
07/17/2022 07/17/22 For Sale $565,000 -- $210 / Sq Ft
Source: Bright 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 $10,697 $587,100 $365,200 $221,900
2023 $10,032 $517,100 $295,200 $221,900
2022 $9,566 $467,100 $245,200 $221,900
2021 $9,255 $415,200 $195,200 $220,000
2020 $9,267 $405,200 $185,200 $220,000
2019 $8,929 $385,200 $165,200 $220,000
2018 $8,670 $370,200 $150,200 $220,000
2017 $8,468 $360,200 $140,200 $220,000
2016 $8,303 $350,200 $130,200 $220,000
2015 $8,129 $345,200 $125,200 $220,000
2014 $8,357 $360,200 $140,200 $220,000
Source: Public Records

Agents Affiliated with this Home

  • Marva Morris

    Seller's Agent in 2022

    Marva Morris

    RE/MAX

    (609) 468-6324

    2 in this area

    80 Total Sales

    Section Image
  • Caitlin Lennon

    Buyer's Agent in 2022

    Caitlin Lennon

    AVENUE REALTY, LLC

    (434) 249-8191

    1 in this area

    132 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: NJSO2001446

Bright MLS

APN: 08-00365-0000-00015

New Jersey Somerset County Somerset 08873

24 Layne Rd, Somerset, NJ

This home is located at 24 Layne Rd, Somerset, NJ 08873 since 17 July 2022 and is currently estimated at $743,955, approximately $276 per square foot. This property was built in 1968. 24 Layne Rd is a home located in Somerset County with nearby schools including Franklin High School, Rutgers Preparatory School, and Cedar Hill Preparatory School.

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