NOT LISTED FOR SALE

261 W Main St Bound Brook, NJ 08805

Estimated Value: $445,000 - $548,864

-- Bed
-- Bath
2,028 Sq Ft
$248/Sq Ft Est. Value

Last Sold January 26, 2021

Last sale price $325,000 $160 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $3,366/month

72 Days on Market

Highlights

  • 0.36 Acre Lot
  • Property is near public transit
  • Porch
  • Deck
  • Private Yard
  • Fenced

About This Home

As of January 2021

Two Family Home Awaits Your Finishing Touches! Unit 1 Recently Remodeled & Rented Thru Sept. 2021. Elec baseboard heat, radiant floors in bath. $1250/mo. Unit 2 Recently Remodeled Upstairs-Needs Living Room & Kitchen (currently gutted)-Gas baseboard heat.Estimated Rent $1600/mo - Fortified Stone Foundation - Off Street Parking - Generous Backyard

Last Agent to Sell the Property

Mario Visco

APPLE REALTY Listed on: 10/16/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,480

Year Built

  • Built in 1895

Lot Details

  • 0.36 Acre Lot
  • Lot Dimensions are 90x172
  • Fenced
  • Private Yard

Home Design

  • Asphalt Roof

Interior Spaces

  • 2,028 Sq Ft Home
  • 2-Story Property

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Outdoor Features

  • Deck
  • Porch

Location

  • Property is near public transit

Utilities

  • No Cooling
  • Hot Water Baseboard Heater
  • Gas Water Heater

Community Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Listing and Financial Details

  • The owner pays for unit 1 owner pays(water), unit 2 owner pays(see remarks)

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,480

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.36
  • Lot Size: 90x172
  • Ownership: Fee Simple
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1895
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Water Heater(Gas), Water Heater, Unit 1(Range/Oven,Refrigerator)
  • Owner Pays: Unit 1 Owner Pays(Water), Unit 2 Owner Pays(See Remarks)
  • Has Basement: Full, Exterior Entry, Divided Use, Tenant Use
  • Interior Amenities: Unit 1(1 Bedroom,Kitchen,1 Bath,Living Room), Unit 2(2 Bedrooms,Kitchen,Living Room,1 1/2 Baths)
  • Living Area: 2028
  • Stories: 2

Exterior Features

  • Fencing: Fencing/Wall
  • Lot Features: Near Train
  • Exterior Features: Curbs, Porch(es) - Open, Deck, Fencing/Wall, Yard
  • Patio And Porch Features: Porch(es) - Open, Deck
  • Roof: Asphalt

Garage/Parking

  • Parking Features: 4(+)Car Parking

Utilities

  • Gas Company: Natural Gas
  • Cooling: None
  • Heating: Baseboard Hotwater
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: See Remarks
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 15682
  • Zoning: R-4

Tax Info

  • Tax Annual Amount: 6480
  • Tax Year: 2019

Multi Family

  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2020
Closed on
Jan 18, 2021
Sold by
Fugazzi Joseph
Bought by
Duran Christopher
Seller's Agent
Mario Visco
APPLE REALTY
List Price
$325,000
Sold Price
$325,000
Current Estimated Value
$501,966

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,966
Avg. Annual Appreciation
9.58%
Original Mortgage
$343,295
Outstanding Balance
$305,796
Interest Rate
2.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$196,170

Purchase Details

Closed on
Oct 2, 2018
Sold by
Morelock Allan K and Morelock Allen K
Bought by
Fugazzi Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,431
Interest Rate
4.8%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 20, 2005
Sold by
Taylor Lonnie S
Bought by
Morelock Allen K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
5.81%
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
Duran Christopher $325,000 Foundation Ttl Llc East Brun
Fugazzi Joseph $197,000 Multiple
Morelock Allen K $240,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Duran Christopher $343,295
Previous Owner Fugazzi Joseph $193,431
Previous Owner Morelock Allen K $192,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/26/2021 01/26/21 Sold $325,000 0.0% $160 / Sq Ft
12/27/2020 12/27/20 Pending -- -- --
10/16/2020 10/16/20 For Sale $325,000 +65.0% $160 / Sq Ft
12/05/2018 12/05/18 Sold $197,000 +1.1% -- View Prior Sale
08/06/2018 08/06/18 Pending -- -- --
07/05/2018 07/05/18 For Sale $194,900 -- --
Source: All Jersey 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
2025 $8,699 $429,700 $143,700 $286,000
2024 $8,699 $383,400 $126,700 $256,700
2023 $8,498 $360,400 $109,700 $250,700
2022 $8,243 $331,300 $92,700 $238,600
2021 $9,117 $324,000 $75,700 $248,300
2020 $6,705 $217,200 $58,700 $158,500
2019 $6,480 $200,200 $41,700 $158,500
2018 $6,541 $196,200 $33,200 $163,000
2017 $6,607 $193,700 $33,200 $160,500
2016 $6,444 $190,300 $11,900 $178,400
2015 $6,360 $192,100 $11,900 $180,200
2014 $7,374 $215,100 $34,900 $180,200
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Mario Visco

    APPLE REALTY

    (732) 397-2512

    1 in this area

    19 Total Sales

    Mario Visco
    Section Image
  • Matthew Zavatsky

    Seller's Agent in 2018

    Matthew Zavatsky

    KELLER WILLIAMS TOWNE SQUARE REAL

    (732) 642-9516

    3 in this area

    70 Total Sales

    Matthew Zavatsky
    Section Image

  • L

    Buyer's Agent in 2018

    LORI BOCKOWSKI

    COLDWELL BANKER REALTY

See All Agents

Map

Source: All Jersey MLS

MLS Number: 2107127

All Jersey MLS

APN: 04-00004-0000-00026

New Jersey Somerset County Bound Brook 08805

261 W Main St, Bound Brook, NJ

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