$541,000
SOLD MAR 18, 2021

35 Magellan Way Franklin Park, NJ 08823

4 Beds
2.5 Baths
2,300 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$235 Per Sq Ft

8% Above List Price

23 Days on Market

Highlights

  • In Ground Pool
  • Main Floor Bedroom
  • Eat-In Kitchen
  • Colonial Architecture
  • 2 Car Attached Garage
  • Kitchen Island

About This Home

As of March 2021

LARGEST MODEL IN NOB HILL! This beautiful 4 Bedroom 2.5 Bathroom Colonial offers 2300 SQFT of living space on 0.17 Acres of land. The property features hardwood flooring throughout the house, newly renovated 16' x 32' 10' deep In-Ground Swimming Pool with new salt water system, Two-Story Family room, Gorgeous Wood Burning Fireplace, and a fully finished Basement. Large open floor plan, Stainless Steel Appliances in Granite Kitchen with breakfast nook, Master Bedroom with Cathedral Ceiling, CA-Style Walk-In Closet and En-suite Master Bathroom. Great Community offering Tennis Court, Swimming Pool for common use. Walking Distance to Grocery Shopping, Restaurants and Gym. School bus stops right outside the house. Less than 5 mins walk to Bus Stop with Express #100 or Local #600 to NYC.

Last Agent to Sell the Property

Minni Chalana

EXP REALTY, LLC Listed on: 12/19/2020

EXP REALTY, LLC

Last Buyer's Agent

DEVANAND BHATT

LEGACY REALTY GROUP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,758

Year Built

  • Built in 1990

HOA Fees

  • $21 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • 2,300 Sq Ft Home
  • Family Room with Fireplace
  • Finished Basement

Kitchen

  • Eat-In Kitchen
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Instant Hot Water

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom

Laundry

  • Dryer
  • Washer

Schools

  • Franklin Elementary And Middle School
  • Franklin High School

Utilities

  • Central Air
  • One Cooling System Mounted To A Wall/Window
  • Standard Electricity

Additional Features

  • In Ground Pool
  • 7,405 Sq Ft Lot

Community Details

  • Association fees include maintenance-common area

Listing and Financial Details

  • Assessor Parcel Number 2708-00020-0005-00051-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,758

Year Built

Built in 1990

Lot Details

0

HOA Fees

$21 per month

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Community Living: Yes
  • Year Built: 1990
  • Year Built Description: Approximate
  • County Name: Somerset
  • Exclusions: Personal belongings
  • Street Number Display: 35
  • Directions: Route 27 to Middlebush to Magellan Way
  • I D: 5038197
  • Modified: 2022-03-19
  • Number Images: 24
  • First Name: MINNI
  • First Name3: DEVANAND
  • Last Name: CHALANA
  • Last Name3: BHATT
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace Description: Family Room
  • Number of Fireplaces: 1
  • Appliances: Dishwasher, Disposal, Dryer, Instant Hot Water, Microwave Oven, Refrigerator, OvnWGas, Washer
  • Number Rooms: 8
  • Bedrooms: 4
  • Bedroom 1 Level: First
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Bedroom 4 Level: First
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished
  • Dining Room Level: Ground
  • Family Room Level: Ground
  • Kitchen Area: Center Island, Eat-In Kitchen
  • Kitchen Level: Ground
  • Living Room Level: Ground
  • Other Room 1: Storage Room
  • Other Room1 Level: Basement
  • Estimated Sq Ft: 2300
  • Phone: 866-201-6210

Exterior Features

  • Exterior Description: Vinyl Siding
  • Pool: Yes
  • Pool Description: In-Ground Pool
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 2
  • Parking Driveway Description: 2 Car Width

Utilities

  • Cooling: 1 Unit, Central Air
  • Fuel Type: Electric, Gas-Natural
  • Heating: 1 Unit
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: From Furnace

Condo/Co-op/Association

  • Association Maintenance Fee: 250
  • Association Maintenance Fee Frequency: Annually
  • Association Maintenance Fee Includes: Maintenance-Common Area

Schools

  • Elementary School: FRANKLIN
  • Middle School: FRANKLIN
  • High School: FRANKLIN
  • High School: FRANKLIN
  • Middle Jr High School: FRANKLIN

Lot Info

  • Lot Size: .17 ACRES
  • Assessed Improvement Value: 313000
  • Assessed Land Value: 167400
  • Assessment: 480400
  • Lot Identifier: 51
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.17

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 10758
  • Assessor Parcel Number: 2708-00020-0005-00051-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.232
  • Tax Rate Tax: *
  • Tax Rate Year: 2019
  • Tax Year Tax: *
  • Tax Year: 2019

MLS Schools

  • Grade School: FRANKLIN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2020
Closed on
Mar 11, 2021
Sold by
Bhatia Upvan and Bhatia Palka
Bought by
Sheth Geet M and Desai Pooja
Seller's Agent
Minni Chalana
EXP REALTY, LLC
Buyer's Agent
DEVANAND BHATT
LEGACY REALTY GROUP
List Price
$499,000
Sold Price
$541,000
Premium/Discount to List
$42,000
8.42%
Current Estimated Value
$786,650

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$245,650
Avg. Annual Appreciation
8.99%
Original Mortgage
$427,390
Outstanding Balance
$388,044
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$398,606

Purchase Details

Closed on
Oct 1, 2015
Sold by
Kline Norman L
Bought by
Bhatia Upvan and Bhatia Palka

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,300
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2003
Sold by
Beasley James
Bought by
Kline Norman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.46%

Purchase Details

Closed on
Aug 19, 1997
Sold by
Hartman Maria
Bought by
Beasley James and Beasley Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,000
Interest Rate
7.42%

Purchase Details

Closed on
Feb 1, 1992
Sold by
Nogueras Juan J and Nogueras Agustina S
Bought by
Hartman Terrence L and Hartman Maria L

Purchase Details

Closed on
Oct 5, 1990
Sold by
K Hovnanian At Somerset Vii Inc
Bought by
Nogueras Juan and Nogueras Augustina
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 $541,000 Amtrust Title Insurance Co
Deed $469,000 Agent For First Amer Title I
Deed $394,000 --
Deed $225,000 --
Quit Claim Deed -- --
Deed $201,300 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $427,390 New Conventional
Previous Owner $328,300 New Conventional
Previous Owner $215,000 New Conventional
Previous Owner $120,000 Credit Line Revolving
Previous Owner $250,000 No Value Available
Previous Owner $214,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2021 03/18/21 Sold $541,000 +8.4% $235 / Sq Ft
01/11/2021 01/11/21 Pending -- -- --
12/19/2020 12/19/20 For Sale $499,000 +6.4% $217 / Sq Ft
12/02/2015 12/02/15 Sold $469,000 -- --
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
2024 $11,186 $620,400 $307,400 $313,000
2023 $10,963 $570,400 $257,400 $313,000
2022 $10,959 $540,400 $227,400 $313,000
2021 $10,852 $490,400 $177,400 $313,000
2020 $10,852 $480,400 $167,400 $313,000
2019 $10,758 $470,400 $157,400 $313,000
2018 $10,524 $455,600 $137,400 $318,200
2017 $10,333 $445,600 $127,400 $318,200
2016 $10,306 $440,600 $122,400 $318,200
2015 $10,119 $435,600 $117,400 $318,200
2014 $9,532 $416,600 $116,400 $300,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3683813

Garden State MLS

APN: 08-00020-05-00051