NOT LISTED FOR SALE

307 Thompson Ave Bound Brook, NJ 08805

Estimated Value: $421,000 - $479,287

3 Beds
1 Bath
-- Sq Ft
6,534 Sq Ft Lot

Last Sold August 09, 2023

Last sale price $325,000

Est. 37% increase in value since last sale

Current estimated payment $3,153/month

69 Days on Market

About This Home

As of August 2023

This home is located at 307 Thompson Ave, Bound Brook, NJ 08805 since 22 March 2023 and is currently estimated at $445,072. This property was built in 1947. 307 Thompson Ave is a home located in Somerset County with nearby schools including LaMonte Annex Elementary School, Lafayette Elementary School, and Bound Brook High School.

Last Agent to Sell the Property

MARTHA MORSE

EXP REALTY, LLC Brokerage Phone: 866-201-6210 Listed on: 03/22/2023

Last Buyer's Agent

REGINALD WILLIAMS JR.

PRESTIGE EXECUTIVE PROPERTIES

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,516

Year Built

  • Built in 1947

Lot Details

  • 6,534 Sq Ft Lot

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,516

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Year Built: 1947
  • County Name: Somerset
  • Street Number Display: 307
  • I D: 5210311
  • Modified: 2024-08-10
  • Number Images: 1
  • Attribution Contact: 866-201-6210
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Bathrooms: 1.00

Lot Info

  • Lot Size: 65X100
  • Total Acres: 0.15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2023
Closed on
Aug 8, 2023
Sold by
Laveti Chandrashekar
Bought by
Watkins Clint
Seller's Agent
MARTHA MORSE
EXP REALTY, LLC
Buyer's Agent
REGINALD WILLIAMS JR.
PRESTIGE EXECUTIVE PROPERTIES
List Price
$350,000
Sold Price
$325,000
Premium/Discount to List
-$25,000
-7.14%
Views
491
Current Estimated Value
$445,072

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,072
Avg. Annual Appreciation
15.83%
Original Mortgage
$338,751
Outstanding Balance
$331,032
Interest Rate
6.81%
Mortgage Type
FHA
Estimated Equity
$114,040

Purchase Details

Closed on
May 3, 2013
Sold by
Laveti Llc
Bought by
Laveti Chandrashekar

Purchase Details

Closed on
May 30, 2012
Sold by
Laveti Chandra Smekar
Bought by
Laveti Llc

Purchase Details

Closed on
Mar 26, 2012
Sold by
Lapinski Robert
Bought by
Laveti Chandrashkar and Chalumuri Soujanya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,000
Interest Rate
3.88%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

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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
Watkins Clint $345,000 Prestige Title
Watkins Clint $345,000 Prestige Title
Laveti Chandrashekar -- None Available
Laveti Llc -- None Available
Laveti Chandrashkar $102,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Watkins Clint $338,751
Closed Watkins Clint $338,751
Previous Owner Laveti Chandrashkar $82,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2023 08/09/23 Sold $325,000 -7.1% --
05/30/2023 05/30/23 Pending -- -- --
05/08/2023 05/08/23 For Sale $350,000 +7.7% --
05/04/2023 05/04/23 Off Market $325,000 -- --
03/22/2023 03/22/23 For Sale $350,000 -- --
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
2025 $9,516 $450,100 $244,000 $206,100
2024 $9,516 $419,400 $219,000 $200,400
2023 $9,307 $394,700 $199,000 $195,700
2022 $8,964 $360,300 $174,000 $186,300
2021 $7,982 $282,200 $139,000 $143,200
2020 $8,165 $264,500 $119,000 $145,500
2019 $7,982 $246,600 $99,000 $147,600
2018 $7,962 $238,800 $89,000 $149,800
2017 $7,719 $226,300 $79,000 $147,300
2016 $7,310 $215,900 $64,000 $151,900
2015 $6,552 $197,900 $64,000 $133,900
2014 $7,984 $222,400 $99,000 $123,400
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    MARTHA MORSE

    EXP REALTY, LLC

  • R

    Buyer's Agent in 2023

    REGINALD WILLIAMS JR.

    PRESTIGE EXECUTIVE PROPERTIES

See All Agents

Map

Source: Garden State MLS

MLS Number: 3834375

Garden State MLS

APN: 04-00056-0000-00004

New Jersey Somerset County Bound Brook 08805

307 Thompson Ave, Bound Brook, NJ

This home is located at 307 Thompson Ave, Bound Brook, NJ 08805 since 22 March 2023 and is currently estimated at $445,072. This property was built in 1947. 307 Thompson Ave is a home located in Somerset County with nearby schools including LaMonte Annex Elementary School, Lafayette Elementary School, and Bound Brook High School.

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