$2,075,000
SOLD NOV 1, 2024

3 Somerset Ln Unit 411 Edgewater, NJ 07020

3 Beds
2.5 Baths
-- Sq Ft
3.03 Acres

Recently Sold

8% Below List Price

163 Days on Market

About This Home

As of November 2024

East-facing corner unit with breathtaking views includes 2 parking spots. Enjoy over 1900 sqft of space with floor-to-ceiling windows and a 1000+ sqft wrap-around balcony. The gourmet kitchen boasts top-tier Subzero, Wolf, and Bosch appliances, a marble island, and an updated backsplash. All sunlit bedrooms offer balcony access, with the primary suite offering extra closet space. Features include spa-like bathrooms, Smart Home tech, Caesar stone counters, Kohler fixtures, and hardwood floors. Amenities include a Manhattan-facing pool, cabana deck, rooftop deck, modern gym, reception room, and playroom. Easy access to Riverwalk Park, a private pier, concierge services, ferry shuttle, NYC Bus, and shopping centers.

Last Agent to Sell the Property

JIA YAN MONACO

Prominent Properties Sotheby's International Realty-Englewood Cliffs Listed on: 04/01/2024

Prominent Properties Sotheby's International Realty-Englewood Cliffs

Co-Listed By

Maggie Raffaele

Prominent Properties Sotheby's International Realty-Englewood Cliffs

Prominent Properties Sotheby's International Realty-Englewood Cliffs

Last Buyer's Agent

Maggie Raffaele

Prominent Properties Sotheby's International Realty-Englewood Cliffs

Prominent Properties Sotheby's International Realty-Englewood Cliffs

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $29,775

Lot Details

  • River Front

Parking

  • 2 Car Garage

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom

Schools

  • E Van Gelder/G Wash Elementary School

Property Details

Home Type

Condominium

Est. Annual Taxes

$29,775

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Ownership: Private
  • PropertySubType: Condominium
  • Co List Office Phone: (201) 585-8080
  • MLS Status: Sold - Sold
  • Directions: off River Rd
  • Year Built Details: 2010's
  • PropertySubTypeAdditional: Midrise
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Primary Bathroom: Yes
  • Laundry: In Unit

Exterior Features

  • Waterfront Features: River Front
  • Disclosures: Seller's Agent, Seller Disclosure - No

Garage/Parking

  • Garage Spaces: 2.0

Schools

  • Elementary School: E Van Gelder/G Wash
  • Elementary: E Van Gelder/G Wash

Lot Info

  • Lot: 00001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2024
Closed on
Oct 22, 2024
Sold by
Ibrahimi Abrahim
Bought by
Shah Anuj and Shah Divya
Seller's Agent
JIA YAN MONACO
Prominent Properties Sotheby's International Realty-Englewood Cliffs
Buyer's Agent
Maggie Raffaele
Prominent Properties Sotheby's International Realty-Englewood Cliffs
List Price
$2,250,000
Sold Price
$2,075,000
Premium/Discount to List
-$175,000
-7.78%
Views
41
Current Estimated Value
$2,079,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,737
Avg. Annual Appreciation
0.36%
Original Mortgage
$1,286,311
Outstanding Balance
$1,274,847
Interest Rate
4.75%
Mortgage Type
New Conventional
Estimated Equity
$804,890

Purchase Details

Listed on
Mar 8, 2017
Closed on
Jan 11, 2019
Sold by
1 Park Edgewater Inv Inc
Bought by
Ibrahimi Abrahim
Seller's Agent
Maggie Raffaele
Prominent Properties Sotheby's International Realty-Englewood Cliffs
Buyer's Agent
Maggie Raffaele
Prominent Properties Sotheby's International Realty-Englewood Cliffs
List Price
$1,808,800
Sold Price
$1,700,000
Premium/Discount to List
-$108,800
-6.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.49%
Original Mortgage
$1,190,000
Interest Rate
4.4%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Deed $2,075,000 Centurion Title
Deed $1,700,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,286,311 New Conventional
Previous Owner $1,183,000 New Conventional
Previous Owner $1,190,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2024 11/01/24 Sold $2,075,000 -5.2% --
09/11/2024 09/11/24 Pending -- -- --
08/17/2024 08/17/24 Price Changed $2,188,000 -2.8% --
04/01/2024 04/01/24 For Sale $2,250,000 0.0% --
08/22/2022 08/22/22 Rented $11,000 0.0% --
08/09/2022 08/09/22 For Rent $11,000 0.0% --
01/11/2019 01/11/19 Sold $1,700,000 -6.0% --
05/01/2017 05/01/17 Pending -- -- --
03/08/2017 03/08/17 For Sale $1,808,800 -- --
Source: New 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 $29,774 $1,726,400 $370,000 $1,356,400
2023 $29,448 $1,864,400 $360,000 $1,504,400
2022 $29,448 $1,826,800 $375,000 $1,451,800
2021 $22,604 $1,003,300 $254,600 $748,700
2020 $16,597 $853,300 $254,600 $598,700
2019 $16,179 $853,300 $254,600 $598,700
2018 $11,975 $653,300 $254,600 $398,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 24009405

New Jersey MLS

APN: 13-00099-0000-00001-15-C0411