Seller's Agent in 2024
Michelle Anderson
NextHome Zenith
(908) 692-8303
3 in this area
75 Total Sales
306 Demott Ln Somerset, NJ 08873
Estimated Value: $591,000 - $708,508
3
Beds
2.5
Baths
2,122
Sq Ft
$303/Sq Ft
Est. Value
Highlights
- 1 Acre Lot
- Wood Flooring
- No HOA
- Deck
- Great Room
- Covered Patio or Porch
About This Home
As of April 2024Introducing 306 Demott Lane, a charming and beautifully renovated expanded ranch in the heart of Somerset. With 3 bedrooms and 2.5 baths, this spacious home offers a comfortable and functional layout perfect for modern living. As you step inside, you'll be captivated by the gleaming hardwood floors that flow throughout the main living areas. Highlights include a 2 story Living room with fireplace for cozy winter nights. The updated baths showcase contemporary design elements and offer a touch of luxury. Whether you're starting your day with an invigorating shower or unwinding in a relaxing bath, these bathrooms provide a serene and spa-like experience. Fresh paint throughout the home adds a touch of elegance and a blank canvas for your personal style This property also boasts a brand new roof, ensuring peace of mind and protection from the elements for years to come. With approximately 2,100 square feet of living space, there is plenty of room for you and your loved ones to spread out and make lasting memories.Located in the desirable Franklin Township neighborhood, this home is conveniently close to major hospitals, universities, main roadways, parks, shopping centers, and more. Enjoy the best of both worlds - a tranquil setting while still being within reach of all the amenities you need.Don't miss your chance to call 306 Demott Lane home. Schedule a showing today and experience the comfort, convenience, and beauty this property has to offer.
Last Agent to Sell the Property
NextHome Zenith License #0458768 Listed on: 02/06/2024
Last Buyer's Agent
NON MEMBER MORR
NON MEMBER
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,533
Year Built
- Built in 1960
Lot Details
- 1 Acre Lot
- Lot Dimensions are 100 x 435
- Landscaped with Trees
Parking
- 2 Car Detached Garage
- Driveway
- Off-Street Parking
Home Design
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2,122 Sq Ft Home
- 1-Story Property
- Wood Burning Fireplace
- French Doors
- Entrance Foyer
- Great Room
- Living Room
- Dining Room
- Unfinished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Breakfast Area or Nook
- Double Oven
- Electric Cooktop
- Range Hood
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Walk-In Closet
- Primary Bathroom is a Full Bathroom
- Primary bathroom on main floor
- Dual Vanity Sinks in Primary Bathroom
- Primary Bathroom includes a Walk-In Shower
Outdoor Features
- Deck
- Covered Patio or Porch
Utilities
- Central Air
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 08-00386-08-00091
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 6, 2024
Closed on
Apr 3, 2024
Sold by
Rizzo Daniella
Bought by
Gray Nearle and Delisle-Gray Onika
Seller's Agent
Michelle Anderson
NextHome Zenith
Buyer's Agent
NON MEMBER MORR
NON MEMBER
List Price
$599,000
Sold Price
$604,000
Premium/Discount to List
$5,000
0.83%
Views
662
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,877
Avg. Annual Appreciation
3.04%
Original Mortgage
$324,000
Outstanding Balance
$320,540
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$308,009
Purchase Details
Closed on
Jun 7, 2023
Sold by
Adams Jeffrey T
Bought by
Rizzo Daniella
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
6.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 28, 1995
Sold by
Wilk Chester
Bought by
Adams Jeff and Adams Bonnie
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
7.48%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gray Nearle | $604,000 | None Listed On Document | |
| Rizzo Daniella | $180,000 | Investment Title | |
| Adams Jeff | $231,250 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gray Nearle | $324,000 | |
| Previous Owner | Rizzo Daniella | $171,000 | |
| Previous Owner | Adams Jeffrey T | $171,600 | |
| Previous Owner | Adams Bonnie A | $200,000 | |
| Previous Owner | Adams Bonnie A | $80,000 | |
| Previous Owner | Adams Jeff | $155,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/30/2024 04/30/24 | Sold | $604,000 | 0.0% | $285 / Sq Ft |
| 04/04/2024 04/04/24 | Sold | $604,000 | +0.8% | -- |
| 02/14/2024 02/14/24 | Pending | -- | -- | -- |
| 02/14/2024 02/14/24 | Pending | -- | -- | -- |
| 02/06/2024 02/06/24 | Price Changed | $599,000 | 0.0% | $282 / Sq Ft |
| 02/06/2024 02/06/24 | For Sale | $599,000 | 0.0% | $282 / Sq Ft |
| 02/06/2024 02/06/24 | For Sale | $599,000 | 0.0% | -- |
| 02/06/2024 02/06/24 | Price Changed | $599,000 | +4.2% | -- |
| 12/21/2023 12/21/23 | Pending | -- | -- | -- |
| 12/21/2023 12/21/23 | Pending | -- | -- | -- |
| 12/07/2023 12/07/23 | For Sale | $575,000 | 0.0% | -- |
| 11/24/2023 11/24/23 | For Sale | $575,000 | -- | $271 / Sq Ft |
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
Tax History Compared to Growth
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 | $8,975 | $493,700 | $263,000 | $230,700 |
| 2023 | $9,533 | $493,700 | $263,000 | $230,700 |
| 2022 | $8,961 | $439,700 | $209,000 | $230,700 |
| 2021 | $8,942 | $403,700 | $173,000 | $230,700 |
| 2020 | $8,936 | $394,700 | $164,000 | $230,700 |
| 2019 | $8,879 | $385,700 | $155,000 | $230,700 |
| 2018 | $8,657 | $372,200 | $141,500 | $230,700 |
| 2017 | $8,477 | $363,200 | $132,500 | $230,700 |
| 2016 | $8,539 | $363,200 | $132,500 | $230,700 |
| 2015 | $8,481 | $363,200 | $132,500 | $230,700 |
| 2014 | $8,361 | $363,200 | $132,500 | $230,700 |
Source: Public Records
Agents Affiliated with this Home
-
Michelle Anderson
-
Jacquelyn Dupras
J
Seller Co-Listing Agent in 2024
Jacquelyn Dupras
NextHome Zenith
(908) 456-5336
1 in this area
5 Total Sales
-
N
Buyer's Agent in 2024
NON MEMBER MORR
NON MEMBER
-
N
Buyer's Agent in 2024
NADIRAH Y. CRAWFORD
UNITED REAL ESTATE
Map
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 22331908
APN: 08-00386-08-00091
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Information is deemed reliable but not guaranteed.
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