NOT LISTED FOR SALE

331 Somerset St New Brunswick, NJ 08901

Estimated Value: $560,311 - $824,000

-- Bed
-- Bath
2,268 Sq Ft
$312/Sq Ft Est. Value

Last Sold September 26, 2022

Last sale price $480,000 $212 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $4,649/month

138 Days on Market

Highlights

  • Property is near public transit
  • Accessibility Features
  • Utility Room
  • Porch
  • Forced Air Heating and Cooling System

About This Home

As of September 2022

Wow! What an excellent 2 family with an extra 25x100 lot used for parking! 1st floor apt.:--3 bedroom apt. legal for 3, and rented for only $1,745 and it will be vacant on 7/31/22 which means you can raise the rent--2nd floor apt.:--(2nd and 3rd floors together)--4 bedrooms, 2 full baths, totally remodeled in 2017, legal for 6, rented for only $2,050--Again potential for more rent--5 yr old roof--Both units have HVAC systems--50x100 lot is extremely rare for this area--Tenants pay 50% of the water and sewer bill amounting over $600--Attached, for your convenience: Lead based paint--3yr certs--zoning approvals for 3rd floor--floor plans.

Last Agent to Sell the Property

Antoine Chedid

C-21 BARROOD REALTORS Listed on: 05/11/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,155

Year Built

  • Built in 1912

Lot Details

  • 5,001 Sq Ft Lot
  • Lot Dimensions are 100.00 x 50.00

Home Design

  • Asphalt Roof

Interior Spaces

  • 2,268 Sq Ft Home
  • 3-Story Property
  • Utility Room
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Gas Water Heater

Additional Features

  • Accessibility Features
  • Porch
  • Property is near public transit

Listing and Financial Details

  • The owner pays for unit 1 owner pays(see remarks), unit 2 owner pays(see remarks)

Community Details

Overview

  • 5Th Ward Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,155

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1148
  • Lot Size: 100.00 x 50.00
  • Ownership: Fee Simple
  • Subdivision Name: 5th Ward
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1912
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Water Heater(Gas), Water Heater
  • Owner Pays: Unit 1 Owner Pays(See Remarks), Unit 2 Owner Pays(See Remarks)
  • Accessibility Features: Unit 1 Accessibility Features, Unit 2 Accessibility Features
  • Has Basement: Full, Utility Room
  • Interior Amenities: Unit 1(Dining Room,3 Bedrooms,Kitchen,1 Bath,Living Room), Unit 2(Dining Room,4 Bedrooms,Kitchen,Living Room,2+ Baths)
  • Living Area: 2268
  • Stories: 3

Exterior Features

  • Lot Features: Near Train, Near Public Transit
  • Exterior Features: Curbs, Porch(es) - Open, Sidewalk, Porch
  • Patio And Porch Features: Porch(es) - Open, Porch
  • Roof: Asphalt

Garage/Parking

  • Parking Features: 4(+)Car Parking

Utilities

  • Gas Company: Natural Gas
  • Cooling: A/C Central - All
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Size Sq Ft: 5001
  • Zoning: 5TH

Tax Info

  • Tax Annual Amount: 9155
  • Tax Year: 2021

Multi Family

  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2022
Closed on
Sep 15, 2022
Sold by
Dxy Fund Llc
Bought by
Even Keel Investors Llc
Seller's Agent
Antoine Chedid
C-21 BARROOD REALTORS
List Price
$529,000
Sold Price
$480,000
Premium/Discount to List
-$49,000
-9.26%
Views
5
Current Estimated Value
$706,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$226,828
Avg. Annual Appreciation
14.12%
Original Mortgage
$336,000
Outstanding Balance
$321,155
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$385,673

Purchase Details

Closed on
Dec 15, 2015
Sold by
Sabharwal Anjil
Bought by
Dxy Fund Llc

Purchase Details

Closed on
Nov 17, 2009
Sold by
Wells Fargo Bank National Association
Bought by
Sabharwal Anjil

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,600
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2009
Sold by
Azzi Charbel Pierre
Bought by
Wells Fargo Bank National Association

Purchase Details

Closed on
Aug 11, 2004
Sold by
Sorce Richard
Bought by
Charbel Pierre Azzi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,000
Interest Rate
6.03%

Purchase Details

Closed on
Aug 14, 2000
Sold by
Riese Jerry
Bought by
Sorce Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,000
Interest Rate
8.06%
Source: Public Records

Range of Values:

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Average Value
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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
Even Keel Investors Llc $480,000 Premier Abstract & Title
Dxy Fund Llc $248,000 None Available
Sabharwal Anjil $217,000 None Available
Wells Fargo Bank National Association $183,000 None Available
Charbel Pierre Azzi $307,500 --
Sorce Richard $147,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Even Keel Investors Llc $336,000
Previous Owner Sabharwal Anjil $173,600
Previous Owner Charbel Pierre Azzi $246,000
Previous Owner Sorce Richard $118,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2022 09/26/22 Sold $480,000 -9.3% $212 / Sq Ft
06/30/2022 06/30/22 For Sale $529,000 0.0% $233 / Sq Ft
06/26/2022 06/26/22 Off Market $529,000 -- --
06/07/2022 06/07/22 Price Changed $529,000 -3.6% $233 / Sq Ft
05/26/2022 05/26/22 Price Changed $549,000 -4.5% $242 / Sq Ft
05/16/2022 05/16/22 Price Changed $575,000 -7.3% $254 / Sq Ft
05/11/2022 05/11/22 For Sale $620,000 -- $273 / 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
2025 $9,672 $369,300 $130,600 $238,700
2024 $9,391 $369,300 $130,600 $238,700
2023 $9,391 $369,300 $130,600 $238,700
2022 $9,192 $369,300 $130,600 $238,700
2021 $6,819 $369,300 $130,600 $238,700
2020 $9,122 $369,300 $130,600 $238,700
2019 $8,948 $369,300 $130,600 $238,700
2018 $8,745 $369,300 $130,600 $238,700
2017 $8,398 $369,300 $130,600 $238,700
2016 $8,025 $136,800 $37,500 $99,300
2015 $7,833 $136,800 $37,500 $99,300
2014 $7,694 $136,800 $37,500 $99,300
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Antoine Chedid

    C-21 BARROOD REALTORS

    (732) 754-7776

    33 in this area

    43 Total Sales

    Antoine Chedid
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Map

Source: All Jersey MLS

MLS Number: 2213915R

All Jersey MLS

APN: 13-00412-0000-00005-01

New Jersey Middlesex County New Brunswick 08901

331 Somerset St, New Brunswick, NJ

This home is located at 331 Somerset St, New Brunswick, NJ 08901 since 11 May 2022 and is currently estimated at $706,828, approximately $311 per square foot. This property was built in 1912. 331 Somerset St is a home located in Middlesex County with nearby schools including New Brunswick High School and Central Jersey College Prep Charter School.

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