$367,000
SOLD SEP 25, 2024

314 Somerset St Phillipsburg, NJ 08865

4 Beds
2 Baths
1,650 Sq Ft
5,876 Sq Ft Lot

Recently Sold

$222 Per Sq Ft

11% Above List Price

7 Days on Market

Highlights

  • Deck
  • Attic
  • Corner Lot
  • Wood Flooring
  • Sun or Florida Room
  • 2-minute walk to Alpha Memorial Park

About This Home

As of September 2024

This freshly painted unique corner property offers a rare opportunity to combine residential and commercial uses in a prime location. Zoned for mixed residential and business use, this versatile property presents endless possibilities for the savvy entrepreneur. Main floor residential features hardwood floors, 2 BR, 1 Bath, DR, LR, Kitchen, additional small bedroom/office/laundry room and sunroom with deck. Lower floor offers exterior access with 1 lg (18x11) room, 1sm (10.5x11.5), kitchen, bathroom, and garage access.

Last Agent to Sell the Property

Louis Trenta

AMERICA AGENCY Listed on: 05/05/2024

AMERICA AGENCY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,517

Year Built

  • Built in 1960

Lot Details

  • 5,876 Sq Ft Lot
  • Lot Dimensions are 117.00 x 0.00
  • South Facing Home
  • Corner Lot
  • Private Yard
  • Property is zoned B-2

Parking

  • 1 Car Attached Garage
  • Side by Side Parking
  • Garage Door Opener
  • Driveway
  • Additional Parking
  • Open Parking

Home Design

  • Split Level Home
  • Asphalt Roof

Interior Spaces

  • 1,650 Sq Ft Home
  • 1-Story Property
  • Entrance Foyer
  • Living Room
  • L-Shaped Dining Room
  • Den
  • Sun or Florida Room
  • Wood Flooring
  • Laundry Room
  • Attic

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Finished Basement

  • Exterior Basement Entry
  • Kitchen in Basement
  • Bedroom in Basement
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom
  • Natural lighting in basement

Outdoor Features

  • Deck
  • Enclosed Patio or Porch
  • Shed

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Water Heater
  • Cable TV Available

Community Details

  • Sub Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,517

Year Built

Built in 1960

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.1349
  • Lot Size: 117.00 x 0.00
  • Ownership: Fee Simple
  • Subdivision Name: sub
  • Architectural Style: Remarks, Split Level
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One, Partially Below Grade, Multi/Split
  • Property Attached Yn: No
  • Building Stories: 1
  • Year Built: 1960
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 1

Interior Features

  • Dining Room Features: Dining L
  • Room Kitchen Features: Eat-in Kitchen
  • Appliances: Dishwasher, Electric Range/Oven, Refrigerator, Electric Water Heater
  • Has Basement: Finished, Bath Full, Bedroom, Daylight, Exterior Entry, Recreation Room, Interior Entry, Kitchen
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Wood
  • Interior Amenities: 1 Bedroom, Entrance Foyer, 2 Bedrooms, Kitchen, Laundry Room, Living Room, Bath Full, Den, Dining Room, Florida Room, Attic
  • Living Area: 1650
  • Stories: 1

Exterior Features

  • Lot Features: Corner Lot
  • Direction Faces: South
  • Exterior Features: Deck, Patio, Enclosed Porch(es), Sidewalk, Storage Shed, Yard
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck, Patio, Enclosed
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: 2 Car Width, Additional Parking, Garage, Attached, Garage Door Opener, Driveway

Utilities

  • Cooling: Window Unit(s)
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Senior Community: No
  • Association #2 Fee Frequency: Monthly

Lot Info

  • Lot Size Sq Ft: 5876
  • Zoning: B-2

Tax Info

  • Tax Annual Amount: 6517
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 2, 2024
Sold by
Morris Wesley M and Mendelsohn Leta M
Bought by
Beas Nicole M and Beas Gustavo A
Current Estimated Value
$380,652

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,352
Interest Rate
6.49%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 10, 1971
Bought by
Mendelsohn Leta M
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 $367,000 None Listed On Document
Deed $23,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $360,352 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2024 09/25/24 Sold $367,000 +11.2% $222 / Sq Ft
05/05/2024 05/05/24 For Sale $329,888 -- $200 / Sq Ft
Source: All 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 $6,665 $200,100 $58,600 $141,500
2023 $6,517 $200,100 $58,600 $141,500
2022 $6,517 $200,100 $58,600 $141,500
2021 $6,217 $200,100 $58,600 $141,500
2020 $6,387 $200,100 $58,600 $141,500
2019 $6,415 $200,100 $58,600 $141,500
2018 $1,356 $200,100 $58,600 $141,500
2017 $6,383 $200,100 $58,600 $141,500
2016 $6,209 $200,100 $58,600 $141,500
2015 $5,825 $200,100 $58,600 $141,500
2014 $5,815 $200,100 $58,600 $141,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2411466R

All Jersey MLS

APN: 02-00061-0000-00003