NOT LISTED FOR SALE

3 Somerset Ln Unit 512 Edgewater, NJ 07020

Estimated Value: $1,140,000 - $1,305,000

3 Beds
2 Baths
-- Sq Ft
3.03 Acres

Last Sold July 07, 2023

Last sale price $1,050,000

Est. 18% increase in value since last sale

Current estimated payment $7,825/month

27 Days on Market

About This Home

As of July 2023

Amazing opportunity to buy a luxury condo at a discount! This bank owned property needs some TLC to bring it back to it's original condition; A waterfront luxury condominium, with incredible views of Manhattan. The residence includes large oversized Marvin windows, a spacious large balcony, 10 ft. ceilings, gourmet Subzero, Wolf, and Bosch stainless steel appliances, luxurious bathrooms with Soaking tub, Smart Home features, Caesar stone countertops, and premium fixtures. The Glass House amenities include a Manhattan-facing outdoor heated swimming pool, outdoor deck and Courtyard, a rooftop deck, fitness center, theater room, and children's playroom. Riverwalk Park features a private pier, concierge services, private ferry shuttles and express NYC transportation. THIS IS A BANK OWNED PROPERTY THAT IS BEING SOLD AS-IS. Amazing potential!!

Last Agent to Sell the Property

Jessica Abergel

Prominent Properties Sotheby's International Realty-Tenafly Listed on: 04/24/2023

Prominent Properties Sotheby's International Realty-Tenafly

Last Buyer's Agent

Kenneth DeGrave

Compass New Jersey, LLC-Hoboken

Compass New Jersey, LLC-Hoboken

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $17,371

Lot Details

  • River Front

Parking

  • 2 Car Garage

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Property Details

Home Type

Condominium

Est. Annual Taxes

$17,371

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Ownership: Bank
  • PropertySubType: Condominium
  • Co List Office Phone: (201) 568-5668
  • MLS Status: Sold - Sold
  • Directions: Somerset Lane, Glass House
  • Year Built Details: 2020's
  • PropertySubTypeAdditional: Midrise
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: None
  • Full Bathrooms: 2
  • 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

Lot Info

  • Lot: 00001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2023
Closed on
Jun 27, 2023
Sold by
Valley National Bank
Bought by
Cavalieri Beatriz Cabianca and Dutra Geraldo Guanaes
Seller's Agent
Jessica Abergel
Prominent Properties Sotheby's International Realty-Tenafly
Buyer's Agent
Kenneth DeGrave
Compass New Jersey, LLC-Hoboken
List Price
$999,500
Sold Price
$1,050,000
Premium/Discount to List
$50,500
5.05%
Views
113
Current Estimated Value
$1,243,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,171
Avg. Annual Appreciation
7.58%
Original Mortgage
$750,000
Outstanding Balance
$731,366
Interest Rate
6.57%
Mortgage Type
New Conventional
Estimated Equity
$511,805

Purchase Details

Closed on
Jan 10, 2023
Sold by
Cureton Anthony
Bought by
Valley National Bank and Hometap Investment Partners Iii Spv Llc

Purchase Details

Closed on
Dec 23, 2019
Sold by
Edgewater Glass House Llc
Bought by
Hsu Mei Hui

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$792,000
Interest Rate
3.74%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Cavalieri Beatriz Cabianca $1,050,000 Old Republic Title
Cavalieri Beatriz Cabianca $1,050,000 Old Republic Title
Valley National Bank $799,586 --
Valley National Bank $799,586 None Listed On Document
Hsu Mei Hui $999,000 Two Rivers Title Company Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cavalieri Beatriz Cabianca $750,000
Closed Cavalieri Beatriz Cabianca $750,000
Previous Owner Hsu Mei Hui $792,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/07/2023 07/07/23 Sold $1,050,000 +5.1% --
05/21/2023 05/21/23 Pending -- -- --
04/24/2023 04/24/23 For Sale $999,500 -- --
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
2025 $15,811 $1,023,900 $385,000 $638,900
2024 $15,507 $995,000 $370,000 $625,000
2023 $15,557 $971,000 $360,000 $611,000
2022 $15,557 $965,100 $375,000 $590,100
2021 $17,371 $771,000 $223,300 $547,700
2020 $14,996 $771,000 $223,300 $547,700
2019 $14,618 $771,000 $223,300 $547,700
2018 $10,466 $571,000 $223,300 $347,700
Source: Public Records

Agents Affiliated with this Home

  • Jessica Abergel

    Seller's Agent in 2023

    Jessica Abergel

    Prominent Properties Sotheby's International Realty-Tenafly

    (201) 658-3173

    1 in this area

    32 Total Sales

    Jessica Abergel
    Section Image
  • Kenneth DeGrave

    Buyer's Agent in 2023

    Kenneth DeGrave

    Compass New Jersey, LLC-Hoboken

    (917) 846-2177

    4 in this area

    53 Total Sales

    Kenneth DeGrave
    Section Image
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Map

Source: New Jersey MLS

MLS Number: 23011797

New Jersey MLS

APN: 13-00099-0000-00001-15-C0512

New Jersey Bergen County Edgewater 07020

3 Somerset Ln Unit 512, Edgewater, NJ

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