NOT LISTED FOR SALE

331 Homestead Rd Hillsborough, NJ 08844

Estimated Value: $505,000 - $574,000

3 Beds
1 Bath
1,056 Sq Ft
$513/Sq Ft Est. Value

Last Sold March 30, 2023

Last sale price $470,000 $445 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,638/month

10 Days on Market

About This Home

As of March 2023

This home is located at 331 Homestead Rd, Hillsborough, NJ 08844 since 24 February 2023 and is currently estimated at $541,604, approximately $512 per square foot. This property was built in 1957. 331 Homestead Rd is a home located in Somerset County with nearby schools including Hillsborough High School, Brighthorizons at Hillsborough, and Cherry Blossom Montessori School.

Last Agent to Sell the Property

Laura Pallay

RE/MAX INSTYLE Brokerage Phone: 609-303-3456 Listed on: 02/24/2023

RE/MAX INSTYLE

Last Buyer's Agent

Marc Rizzo

RE/MAX WELCOME HOME

RE/MAX WELCOME HOME

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,641

Year Built

  • Built in 1957

Lot Details

  • 0.53 Acre Lot

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,641

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Year Built: 1957
  • County Name: Somerset
  • I D: 5203789
  • Attribution Contact: 609-303-3456
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Bathrooms: 1.00

Lot Info

  • Lot Size: 0.533
  • Total Acres: 0.53

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2023
Closed on
Mar 24, 2023
Sold by
Valle Anne Christine and Valle Joseph Thomas
Bought by
Torres Felix and Kantlehner Laura
Seller's Agent
Laura Pallay
RE/MAX INSTYLE
Buyer's Agent
Marc Rizzo
RE/MAX WELCOME HOME
List Price
$439,000
Sold Price
$470,000
Premium/Discount to List
$31,000
7.06%
Views
68
Current Estimated Value
$541,604

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,604
Avg. Annual Appreciation
5.65%
Original Mortgage
$446,500
Outstanding Balance
$433,390
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$108,214

Purchase Details

Listed on
Jul 13, 2018
Closed on
Sep 25, 2018
Sold by
Bandi Property Group Llc
Bought by
Valle Anne Christine and Procak Joseph Thomas
Seller's Agent
Carol Ann Suddeath
RE/MAX Pinnacle
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$349,999
Sold Price
$309,900
Premium/Discount to List
-$40,099
-11.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.70%
Original Mortgage
$299,557
Interest Rate
4.5%
Mortgage Type
VA

Purchase Details

Closed on
Dec 12, 2017
Sold by
Stadtmueller Shirley Ann and Kaiser Shirley Ann
Bought by
Bandi Property Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,000
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage
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
Torres Felix $470,000 Chicago Title
Torres Felix $470,000 Chicago Title
Valle Anne Christine $309,900 Chicago Title Ins Co
Bandi Property Group Llc $78,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torres Felix $446,500
Closed Torres Felix $446,500
Previous Owner Valle Anne Christine $299,557
Previous Owner Bandi Property Group Llc $86,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/30/2023 03/30/23 Sold $470,000 +7.1% $445 / Sq Ft
03/06/2023 03/06/23 Pending -- -- --
02/24/2023 02/24/23 For Sale $439,000 +41.7% $416 / Sq Ft
09/28/2018 09/28/18 Sold $309,900 0.0% $147 / Sq Ft View Prior Sale
08/15/2018 08/15/18 Pending -- -- --
08/02/2018 08/02/18 Price Changed $309,900 -5.9% $147 / Sq Ft
07/26/2018 07/26/18 Price Changed $329,500 -5.9% $156 / Sq Ft
07/13/2018 07/13/18 For Sale $349,999 -- $166 / Sq Ft
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 $9,641 $455,200 $246,700 $208,500
2024 $9,641 $449,900 $236,700 $213,200
2023 $7,863 $365,200 $211,700 $153,500
2022 $7,588 $339,800 $191,900 $147,900
2021 $7,490 $319,000 $171,900 $147,100
2020 $7,147 $299,800 $151,900 $147,900
2019 $6,866 $285,600 $136,900 $148,700
2018 $4,954 $204,800 $126,900 $77,900
2017 $4,712 $195,100 $111,900 $83,200
2016 $4,772 $197,700 $106,900 $90,800
2015 $4,289 $190,400 $106,900 $83,500
2014 $4,581 $207,000 $126,900 $80,100
Source: Public Records

Agents Affiliated with this Home

  • Laura Pallay

    Seller's Agent in 2023

    Laura Pallay

    RE/MAX

    (908) 310-0613

    119 in this area

    251 Total Sales

    Laura Pallay
    Section Image
  • Marc Rizzo

    Buyer's Agent in 2023

    Marc Rizzo

    RE/MAX WELCOME HOME

    (732) 259-1729

    2 in this area

    71 Total Sales

    Marc Rizzo
    Section Image
  • Carol Ann Suddeath

    Seller's Agent in 2018

    Carol Ann Suddeath

    RE/MAX

    (908) 797-4679

    1 in this area

    38 Total Sales

    Carol Ann Suddeath
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3830223

Garden State MLS

APN: 10-00178-02-00441

New Jersey Somerset County Hillsborough 08844

331 Homestead Rd, Hillsborough, NJ

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