Seller's Agent in 2021
Jack Yao
REALMART REALTY LLC
(732) 727-2285
5 in this area
228 Total Sales
281 Somerset St New Brunswick, NJ 08901
Estimated Value: $563,508 - $719,000
--
Bed
--
Bath
2,619
Sq Ft
$251/Sq Ft
Est. Value
Highlights
- 1 Car Detached Garage
- Patio
- Radiant Heating System
About This Home
As of November 2021Excellent rental property; legal 2 units house with detached garage, unfinished basement, and unfinished attic; units have been renovated, just seat back and collect rent!!! (potential gross ~ $50K/year, tenants pay their own utilities) located on visible corner street (Somerset St). each unit has 3 bedrooms (layout for each unit includes eat-in kitchen, living room, 3 bedrooms, pantry and one bathroom). 5 blocks away from Robert Wood Johnson Hospital, 8 blocks away from Train Station, near Supermarkets & Restaurants). ASKING $529K, NEGOTIABLE. SERIOUS buyers that know area please.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,867
Year Built
- Built in 1921
Lot Details
- 2,500 Sq Ft Lot
- Lot Dimensions are 100.00 x 25.00
Parking
- 1 Car Detached Garage
- Garage Door Opener
Home Design
- Slate Roof
- Tile Roof
Interior Spaces
- 2,619 Sq Ft Home
- 2-Story Property
- Partial Basement
Outdoor Features
- Patio
Utilities
- Radiant Heating System
- Gas Water Heater
Listing and Financial Details
- The owner pays for unit 1 owner pays(see remarks), unit 2 owner pays(see remarks)
Community Details
Overview
- Brookside Realty Co Prop Subdivision
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 8, 2022
Sold by
Thota Madana Mohan
Bought by
281 Somerset Llc
Current Estimated Value
Purchase Details
Listed on
Aug 16, 2021
Closed on
Oct 30, 2021
Sold by
Triple Crown Investment Llc
Bought by
Thota Madana Mohan and Dinakar Chittoor
Seller's Agent
Jack Yao
REALMART REALTY LLC
List Price
$480,000
Sold Price
$480,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.00%
Original Mortgage
$360,000
Interest Rate
2.28%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 6, 2018
Sold by
Sarmiento Roberto
Bought by
Triple Crown Investment Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
4.44%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 28, 2006
Sold by
Frigiola Patrick
Bought by
Sarmiento Roberto
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
6.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 1, 1997
Sold by
Gombos Janet
Bought by
Frigiola Patrick and Frigiola Yelka
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
7.52%
Mortgage Type
FHA
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 |
|---|---|---|---|
| 281 Somerset Llc | -- | North American Title | |
| Thota Madana Mohan | $480,000 | Seber Title Agency Llc | |
| Thota Madana Mohan | $480,000 | Seber Title Agency | |
| Triple Crown Investment Llc | $368,000 | Title Authority Llc | |
| Sarmiento Roberto | $365,000 | -- | |
| Frigiola Patrick | $127,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Thota Madana Mohan | $360,000 | |
| Previous Owner | Triple Crown Investment Llc | $270,000 | |
| Previous Owner | Sarmiento Roberto | $292,000 | |
| Previous Owner | Frigiola Patrick | $126,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/05/2021 11/05/21 | Sold | $480,000 | 0.0% | $183 / Sq Ft |
| 10/06/2021 10/06/21 | Pending | -- | -- | -- |
| 08/16/2021 08/16/21 | For Sale | $480,000 | -- | $183 / Sq Ft |
Source: All Jersey 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 | $9,402 | $359,000 | $100,000 | $259,000 |
| 2024 | $9,129 | $359,000 | $100,000 | $259,000 |
| 2023 | $9,129 | $359,000 | $100,000 | $259,000 |
| 2022 | $8,936 | $359,000 | $100,000 | $259,000 |
| 2021 | $8,900 | $359,000 | $100,000 | $259,000 |
| 2020 | $8,867 | $359,000 | $100,000 | $259,000 |
| 2019 | $8,699 | $359,000 | $100,000 | $259,000 |
| 2018 | $8,501 | $359,000 | $100,000 | $259,000 |
| 2017 | $8,164 | $359,000 | $100,000 | $259,000 |
| 2016 | $7,104 | $121,100 | $25,000 | $96,100 |
| 2015 | $6,934 | $121,100 | $25,000 | $96,100 |
| 2014 | $6,811 | $121,100 | $25,000 | $96,100 |
Source: Public Records
Agents Affiliated with this Home
-
Jack Yao
Map
Source: All Jersey MLS
MLS Number: 2202627R
APN: 13-00410-0000-00001
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