NOT LISTED FOR SALE

3 Magellan Way Franklin Park, NJ 08823

Estimated Value: $644,231 - $697,000

3 Beds
2.5 Baths
1,690 Sq Ft
$396/Sq Ft Est. Value

Last Sold June 02, 2021

Last sale price $475,000 $281 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $4,347/month

16 Days on Market

Highlights

  • Colonial Architecture
  • Private Yard
  • 1 Car Attached Garage
  • Attic
  • Formal Dining Room
  • Eat-In Kitchen

About This Home

As of June 2021

Welcome to Nob Hill at Somerset Park. This Gorgeous ready to move in 3 Bedroom, 2 1/2 bath Colonial fully finished basement. Kitchen with Stone Counters, Laminate Floors, Crown molding, and Wood burning Fireplace. Close to shopping & Public Transportation. Showings are Starting from 04/17.

Last Agent to Sell the Property

Harpreet Boparai

RE/MAX FIRST REALTY, INC. Listed on: 04/17/2021

RE/MAX FIRST REALTY, INC.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,460

Year Built

  • Built in 1990

Lot Details

  • 5,663 Sq Ft Lot
  • Fenced
  • Sprinkler System
  • Private Yard
  • Property is zoned CR

HOA Fees

  • $18 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Tandem Parking
  • On-Street Parking
  • Open Parking

Home Design

  • Colonial Architecture
  • Asphalt Roof

Interior Spaces

  • 1,690 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Blinds
  • Entrance Foyer
  • Formal Dining Room
  • Utility Room
  • Attic

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Location

  • Property is near shops

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Underground Utilities
  • Gas Water Heater

Community Details

  • Nob Hill/Somerset 07 Pat Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,460

Year Built

Built in 1990

Lot Details

0

HOA Fees

$18 per month

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.13
  • Lot Size: 0.00 x 0.00
  • Ownership: Fee Simple
  • Subdivision Name: Nob Hill/Somerset 07 Pat
  • Architectural Style: Colonial
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built: 1990
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Dining Room Features: Living Dining Combo
  • Master Bedroom Features: Full Bath, Walk-In Closet(s)
  • Room Kitchen Features: Eat-in Kitchen, Separate Dining Area
  • Appliances: Dishwasher, Disposal, Dryer, Gas Range/Oven, Exhaust Fan, Microwave, Refrigerator, Washer, Gas Water Heater
  • Has Basement: Full, Finished, Storage Space, Utility Room
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Interior Amenities: Entrance Foyer, Living Room, Dining Room, 3 Bedrooms, Bath Main, Bath Second, Attic
  • Living Area: 1690
  • Stories: 2
  • Window Features: Blinds

Exterior Features

  • Fencing: Fencing/Wall
  • Lot Features: Near Shopping
  • Exterior Features: Lawn Sprinklers, Yard
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: 1 Car Width, 2 Cars Deep, Asphalt, Garage, Attached, On Street

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

  • Senior Community: No
  • Association #2 Fee Frequency: Monthly
  • Association Fee: 220
  • Association Fee Frequency: Annually
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually

Lot Info

  • Lot Size Sq Ft: 5663
  • Zoning: CR

Tax Info

  • Tax Annual Amount: 8460
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2021
Closed on
May 27, 2021
Sold by
Patel Vaibhav and Patel Himani Chetankumar
Bought by
Kumar Vinay and Sharma Ritu Rani
Seller's Agent
Harpreet Boparai
RE/MAX FIRST REALTY, INC.
List Price
$475,000
Sold Price
$475,000
Current Estimated Value
$670,058

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,058
Avg. Annual Appreciation
8.17%
Original Mortgage
$356,250
Outstanding Balance
$326,031
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$327,876

Purchase Details

Listed on
Aug 23, 2016
Closed on
Mar 6, 2017
Sold by
Serinese Lisa
Bought by
Patel Vaibhav and Patel Pravinbhai
Seller's Agent
Jonathan Kessler
KUKER & KESSLER REAL ESTATE
Buyer's Agent
Janice Gueren
RE/MAX DIAMOND REALTORS
List Price
$419,900
Sold Price
$386,000
Premium/Discount to List
-$33,900
-8.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.04%
Original Mortgage
$308,800
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2011
Sold by
Firrello Mitchell and Firrello Karen A
Bought by
Serinese Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 11, 1991
Sold by
K Hovnanian At Somerset Vii Inc
Bought by
Firrello Mitchell and Firrello Karen
Source: Public Records

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Range of Values:

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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
Kumar Vinay $475,000 Shepherd Title Agency
Patel Vaibhav $386,000 Golden Title Agency
Serinese Lisa $335,000 Scott Title Services Llc
Firrello Mitchell $186,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kumar Vinay $356,250
Previous Owner Patel Vaibhav $294,893
Previous Owner Patel Vaibhav $308,800
Previous Owner Serinese Lisa $160,000
Previous Owner Firrello Karen A $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2021 06/02/21 Sold $475,000 0.0% $281 / Sq Ft
05/03/2021 05/03/21 Pending -- -- --
04/17/2021 04/17/21 For Sale $475,000 +23.1% $281 / Sq Ft
03/16/2017 03/16/17 Sold $386,000 -8.1% --
01/12/2017 01/12/17 Pending -- -- --
08/23/2016 08/23/16 For Sale $419,900 -- --
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
2024 $9,276 $514,500 $305,700 $208,800
2023 $8,928 $464,500 $255,700 $208,800
2022 $8,812 $434,500 $225,700 $208,800
2021 $8,460 $384,500 $175,700 $208,800
2020 $8,460 $374,500 $165,700 $208,800
2019 $8,336 $364,500 $155,700 $208,800
2018 $7,958 $344,500 $135,700 $208,800
2017 $7,553 $325,700 $125,700 $200,000
2016 $7,501 $320,700 $120,700 $200,000
2015 $7,334 $315,700 $115,700 $200,000
2014 $7,200 $314,700 $114,700 $200,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2115265R

All Jersey MLS

APN: 08-00020-05-00002