NOT LISTED FOR SALE

3 Market St Somerset, NJ 08873

Estimated Value: $468,217

-- Bed
3 Baths
2,304 Sq Ft
$203/Sq Ft Est. Value

Last Sold June 01, 2020

Last sale price $310,000 $135 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $3,012/month

164 Days on Market

Highlights

  • Deck
  • Attic
  • Home Office
  • Ranch Style House
  • Great Room
  • Storage Room

About This Home

As of June 2020

MANY POSSIBILITIES! Building can be used as Retail/restaurant prominently visible from Amwell Rd and next to a busy Hair salon. Can be converted to a single family home or home occupation. The layout currently features a large main area, with counters, kitchen, an office, and 2 half baths.There are two other separate rooms,one of which has a small office attached and another half bath in the hall. An entrance on each side. Basement with bilco walkout. Off street parking for about 6-8 cars. Recent updates include: exterior painting (2yrs),Furnace and hot water heater. 2304 sq ft not including the basement. Legal non-conforming use for light commercial. The town of East Millstone is a Historic District, but the property itself is not classified as a Historic building.

Last Agent to Sell the Property

Maryanne Sawade

RE/MAX PREFERRED PROFESSIONALS Listed on: 10/18/2019

RE/MAX PREFERRED PROFESSIONALS

Last Buyer's Agent

Maryanne Sawade

RE/MAX PREFERRED PROFESSIONALS Listed on: 10/18/2019

RE/MAX PREFERRED PROFESSIONALS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,884

Lot Details

  • 5,227 Sq Ft Lot
  • Property is zoned Mixed Use

Home Design

  • Ranch Style House
  • Wood Shingle Roof
  • Tile

Interior Spaces

  • 3 Bathrooms
  • 2,304 Sq Ft Home
  • Great Room
  • Home Office
  • Storage Room
  • Utility Room
  • Walk-Out Basement
  • Fire and Smoke Detector
  • Attic

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Stone Driveway
  • Off-Street Parking

Outdoor Features

  • Deck

Utilities

  • Central Air
  • One Cooling System Mounted To A Wall/Window
  • Standard Electricity

Listing and Financial Details

  • Assessor Parcel Number 2708-00064-0000-00007-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,884

Lot Details

0

Listing Details

  • Style: Ranch
  • Primary Style: Ranch
  • Subproperty Type: Single Family
  • Year Built: 9999
  • Year Built Description: Unknown
  • County Name: Somerset
  • Street Number Display: 3
  • Directions: Amwell Rd to Market St
  • I D: 4939353
  • Modified: 2021-09-23
  • Number Images: 2
  • Section Subdiv Development: East Millstone
  • First Name: MARYANNE
  • First Name3: MARYANNE
  • Last Name: SAWADE
  • Last Name3: SAWADE
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpeting, Tile, Vinyl-Linoleum
  • Interior Amenities: Carbon Monoxide Detector, Smoke Detector
  • Number Rooms: 7
  • Bathrooms: 0.30
  • Half Bathrooms: 3
  • Basement: Yes
  • Basement Description: Walkout
  • Basement Level Rooms: Utility Room, Walkout, Storage Room
  • Level 1 Rooms: Office, Great Room, Bath(s) Other, Kitchen
  • Level 2 Rooms: Attic
  • Estimated Sq Ft: 2304
  • Phone: 908-874-3308

Exterior Features

  • Exterior Description: Wood Shingle
  • Exterior Features: Deck
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Number Parking Spaces: 8
  • Parking Driveway Description: Crushed Stone, Off-Street Parking

Utilities

  • Cooling: 1 Unit, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Baseboard - Hotwater
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water

Lot Info

  • Lot Size: 41X123 AVG.
  • Assessed Improvement Value: 125600
  • Assessed Land Value: 170400
  • Assessment: 296000
  • Easement: Unknown
  • Lot Identifier: 7
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.12
  • Zoning: Mixed Use

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 6884
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2708-00064-0000-00007-0000-
  • Tax Rate Amount: 2.254
  • Tax Rate Tax: *
  • Tax Rate Year: 2018
  • Tax Year Tax: *
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2019
Closed on
May 28, 2020
Sold by
Blumenthal Bruce and Williams Jeffrey M
Bought by
Three Market Street Llc
Seller's Agent
Maryanne Sawade
RE/MAX PREFERRED PROFESSIONALS
Buyer's Agent
Maryanne Sawade
RE/MAX PREFERRED PROFESSIONALS
List Price
$329,000
Sold Price
$310,000
Premium/Discount to List
-$19,000
-5.78%
Current Estimated Value
$468,217

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,217
Avg. Annual Appreciation
8.29%

Purchase Details

Closed on
Apr 8, 2009
Sold by
Dewald Partners Lp
Bought by
Williams Jeffrey M and Blumenthal Bruce

Purchase Details

Closed on
Mar 4, 1991
Sold by
Lund Sheriff Robert H
Bought by
Suburban National Bank
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
Three Market Street Llc $310,000 Commitment For Title Ins
Williams Jeffrey M $290,000 Stewart Title Guaranty Co
Suburban National Bank $100 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2020 06/01/20 Sold $310,000 0.0% $135 / Sq Ft
03/01/2020 03/01/20 Off Market $310,000 -- --
10/18/2019 10/18/19 For Sale $329,000 -- $143 / Sq Ft
Source: Garden State 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 $5,381 $296,000 $170,400 $125,600
2023 $5,716 $296,000 $170,400 $125,600
2022 $6,032 $296,000 $170,400 $125,600
2021 $6,556 $296,000 $170,400 $125,600
2020 $6,701 $296,000 $170,400 $125,600
2019 $6,814 $296,000 $170,400 $125,600
2018 $6,885 $296,000 $170,400 $125,600
2017 $6,909 $296,000 $170,400 $125,600
2016 $6,959 $296,000 $170,400 $125,600
2015 $6,912 $296,000 $170,400 $125,600
2014 $6,814 $296,000 $170,400 $125,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3595569

Garden State MLS

APN: 08-00064-0000-00007