NOT LISTED FOR SALE

3 Gate House Ln Unit 3 Edison, NJ 08820

Estimated Value: $574,294 - $610,000

2 Beds
2 Baths
1,399 Sq Ft
1,442 Sq Ft Lot

Last Sold November 01, 2021

Last sale price $420,000 $300 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $4,090/month

11 Days on Market

Highlights

  • In Ground Pool
  • Gated Community
  • Ground Level Unit
  • Woodbrook Elementary School Rated A
  • Deck
  • Tennis Courts

About This Home

As of November 2021

2 Bedroom PLUS Office, Desirable Bravo Model with 2-car Garage. Gated Community with 24-hr Security. Amenities include gorgeous resort-like pool with spa and waterfall, tennis courts and playground. Freshly updated with new flooring and professionally painted. One level living on ground floor, with a volume ceiling and laundry. Eat-in Kitchen with appliances included. Family Room and Dining Room both have sliding glass doors to two separate decks - bringing in natural light and providing bonus outdoor space. Wood-burning fireplace in family room. Master Bedroom has WIC and private full bath. Super convenient to Metuchen train, shopping, restaurants, and more.

Last Agent to Sell the Property

Louis Larosa

RE/MAX PREMIER Listed on: 09/21/2021

RE/MAX PREMIER

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,318

Year Built

  • Built in 1983

Lot Details

  • Fenced
  • Sprinkler System

Parking

  • 2 Car Attached Garage
  • Side by Side Parking
  • Garage Door Opener
  • Driveway
  • Open Parking

Home Design

  • Garden Apartment
  • Asphalt Roof

Interior Spaces

  • 1,399 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Family Room
  • Formal Dining Room
  • Library
  • Ceramic Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Deck

Location

  • Ground Level Unit
  • Property is near shops

Utilities

  • Forced Air Heating System
  • Underground Utilities
  • Gas Water Heater

Community Details

Overview

  • Association fees include common area maintenance, ground maintenance
  • Park Gate Subdivision

Recreation

  • Tennis Courts

Additional Features

  • Maintenance Expense $340
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,318

Year Built

Built in 1983

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Condo/TH
  • Prop. Type: Residential
  • Lot Size Acres: 0.0331
  • Lot Size: 0.00 x 0.00
  • Ownership: Condominium
  • Subdivision Name: Park Gate
  • Architectural Style: Garden Apartment Style
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One, Ground Floor
  • Property Attached Yn: Yes
  • Building Stories: 1
  • Year Built: 1983
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Bedroom/Bathroom Features: Stall Shower and Tub
  • Dining Room Features: Formal Dining Room
  • Master Bedroom Features: Full Bath, Walk-In Closet(s)
  • Master Bedroom Master Bedroom Level: First
  • Room Kitchen Features: Breakfast Bar, Eat-in Kitchen
  • Appliances: Dishwasher, Dryer, Gas Range/Oven, Microwave, Refrigerator, Washer, Gas Water Heater
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, See Remarks
  • Interior Amenities: 2 Bedrooms, Kitchen, Library/Office, Family Room
  • Living Area: 1399
  • Stories: 1

Exterior Features

  • Fencing: Fencing/Wall
  • Lot Features: Near Shopping, Level
  • Pool Features: Outdoor Pool, In Ground
  • Exterior Features: Lawn Sprinklers
  • Patio And Porch Features: Deck
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: 2 Car Width, Asphalt, Garage, Built-In Garage, Garage Door Opener, Driveway

Utilities

  • Gas Company: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Gated, Tennis Court(s)
  • Senior Community: No
  • Association #2 Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Common Area Maintenance, Maintenance Grounds

Lot Info

  • Lot Size Sq Ft: 1442
  • Zoning: RBBT

Multi Family

  • Maintenance Expense: 340

Tax Info

  • Tax Annual Amount: 11318
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2021
Closed on
Oct 26, 2021
Sold by
Ding Jiawei and Liao Kenneth H
Bought by
Bellamkonda Kalyana Chakravarthi
Seller's Agent
Louis Larosa
RE/MAX PREMIER
List Price
$420,000
Sold Price
$420,000
Current Estimated Value
$590,324

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,324
Avg. Annual Appreciation
9.07%
Original Mortgage
$400,610
Outstanding Balance
$367,849
Interest Rate
3.14%
Mortgage Type
New Conventional
Estimated Equity
$222,475

Purchase Details

Closed on
Nov 5, 2009
Sold by
Vancleaf Richard and Vancleaf Elizabeth
Bought by
Ding Jiawei

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
4.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2006
Sold by
Takeshi Tamura
Bought by
Vancleaf Richard and Vancleaf Van Cleaf

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,600
Interest Rate
6.15%

Purchase Details

Closed on
Sep 17, 2001
Sold by
Dickson Annette
Bought by
Lakeshi Tamura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
6.93%

Purchase Details

Closed on
Jun 2, 1999
Sold by
Zerillo Samuel
Bought by
Dickson Annette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,000
Interest Rate
7.61%
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
Bellamkonda Kalyana Chakravarthi $420,000 All Ahead Title Agency
Ding Jiawei $315,000 Multiple
Vancleaf Richard $352,000 --
Lakeshi Tamura $255,000 --
Dickson Annette $212,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bellamkonda Kalyana Chakravarthi $400,610
Previous Owner Ding Jiawei $252,000
Previous Owner Vancleaf Richard $281,600
Previous Owner Lakeshi Tamura $155,000
Previous Owner Dickson Annette $159,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2021 11/01/21 Sold $420,000 0.0% $300 / Sq Ft
10/02/2021 10/02/21 Pending -- -- --
09/21/2021 09/21/21 For Sale $420,000 -- $300 / Sq Ft
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 $11,519 $193,500 $90,000 $103,500
2024 $11,457 $193,500 $90,000 $103,500
2023 $11,457 $193,500 $90,000 $103,500
2022 $11,461 $193,500 $90,000 $103,500
2021 $10,997 $193,500 $90,000 $103,500
2020 $11,318 $193,500 $90,000 $103,500
2019 $10,464 $193,500 $90,000 $103,500
2018 $10,627 $193,500 $90,000 $103,500
2017 $9,967 $193,500 $90,000 $103,500
2016 $9,783 $193,500 $90,000 $103,500
2015 $9,412 $193,500 $90,000 $103,500
2014 $9,145 $193,500 $90,000 $103,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2204468R

All Jersey MLS

APN: 05-00593-0000-00050-0000-C0003