NOT LISTED FOR SALE

359 E Millstream Rd Cream Ridge, NJ 08514

Estimated Value: $726,841 - $861,000

3 Beds
2.5 Baths
-- Sq Ft
3.82 Acres

Last Sold June 01, 2016

Last sale price $450,000

Est. 75% increase in value since last sale

Current estimated payment $5,225/month

171 Days on Market

Highlights

  • Guest House
  • Garage Apartment
  • Wooded Lot
  • Indoor Spa
  • Custom Home
  • Wood Flooring

About This Home

As of June 2016

CAR ENTHUSIASTS take a look at this INCOME PRODUCING PROPERTY! There is a HUGE detached garage. There is a 1400sqft 2br/1bath detached apartment behind the main house, but far enough back to provide plenty of privacy!This home offer so much!! The main home is an enchanting mix of traditional and contemporary. There is a breath taking 2 story stone fireplace centered around vaulted cathedral ceilings and wood floors all overlooking a quaint sun room. From the sun room there are 2 decks to enjoy the serene backyard. The gorgeous wooded lot is nearly 4 acres! The 2 main bathrooms have been updated and the kitchen has a brand new stainless steel appliance package. The roof is less than 3 years old on the main home and 4 years old on detached apartment. The basement is an entertainers dream! There is an incredible stone fireplace/wood burning stove, a half bath and French doors leading to a brick patio.There is a huge fully equipped bar that needs to be seen to be believed. Need a 4th bedroom...there is plenty of room down there to build one. This is the ultimate basement, so much space to make the ultimate hang out! Off of the master bath there is even an indoor hot tub! The detached building in back houses an apartment/Mother in law, a home office, and a 4 car garage. It is set way back from the main house to allow plenty of privacy. This income producing property is a very rare find indeed! The owners have taken great care to make sure the new owners will have nothing to do but move in. Septics have been inspected for buyers peace of mind. Low taxes, quiet community and great schools make this home the complete package

Last Agent to Sell the Property

Kim Lohkamp

C21/ Action Plus Realty Listed on: 09/19/2015

Last Buyer's Agent

Jeanette Larkin

Keller Williams Hamilton Burl

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,279

Year Built

  • Built in 1985

Lot Details

  • Oversized Lot
  • Wooded Lot

Parking

  • 6 Car Direct Access Garage
  • Garage Apartment
  • Workshop in Garage
  • Circular Driveway

Home Design

  • Custom Home
  • Raised Ranch Architecture
  • Brick Exterior Construction
  • Shingle Roof
  • Asphalt Rolled Roof
  • Vinyl Siding
  • T111 Siding

Interior Spaces

  • 1-Story Property
  • Wet Bar
  • Beamed Ceilings
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Blinds
  • Window Screens
  • French Doors
  • Sliding Doors
  • Entrance Foyer
  • Great Room
  • Dining Room
  • Sun or Florida Room
  • Indoor Spa
  • Pull Down Stairs to Attic
  • Storm Doors

Kitchen

  • Gas Cooktop
  • Stove
  • Range Hood
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • In-Law or Guest Suite
  • Whirlpool Bathtub

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Fireplace in Basement

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Gazebo
  • Storage Shed

Additional Homes

  • Guest House

Schools

  • New Egypt Middle School
  • New Egypt High School

Utilities

  • Forced Air Heating and Cooling System
  • Boiler Heating System
  • Heating System Uses Oil Above Ground
  • Well
  • Electric Water Heater
  • Septic Tank
  • Septic System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 24-00059-0000-00014-03

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,279

Year Built

Built in 1985

Lot Details

0

Parking

6

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Oversized, Wooded
  • Inclusions: Hot Tub, Blinds/Shades, Ceiling Fan(s), Dishwasher, Stove, Stove Hood, Refrigerator, Screens, Gas Cooking
  • Subdivision Name: None
  • Architectural Style: Custom, Detached, Raised Ranch, Mother/Daughter
  • Reso Flooring: Laminate, W/W Carpet, Wood
  • Reso Interior Features: Attic - Pull Down Stairs, Balcony, Ceilings - Beamed, French Doors, Hot Tub, In-Law Suite, Skylight, Wet Bar, Recessed Lighting
  • New Construction: No
  • Reso Other Structures: Guest House, Storage Shed
  • Year Built: 1985
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: Yes
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • GreatFamily Room Sliding Door4: Yes
  • Exterior Balcony2: Yes
  • Garage Direct Entry: Yes
  • General Property Info Lot Dimensions: x
  • General Property Info Farm: No
  • Location Middle School: New Egypt
  • Interior Attic - Pull Down Stairs: Yes
  • WaterSewer Well: Yes
  • Cooling Central Air: Yes
  • Water Heater Electric2: Yes
  • Roof Shingled: Yes
  • Included Gas Cooking: Yes
  • Included Stove: Yes
  • Floors Wood: Yes
  • Out Buildings Storage Shed: Yes
  • Exterior Lighting: Yes
  • Parking Asphalt: Yes
  • General Property Info Handicap Access: No
  • General Property Info # Fireplaces: 2.0
  • Interior Balcony: Yes
  • Interior French Doors: Yes
  • Interior Recessed Lighting: Yes
  • Included BlindsShades: Yes
  • Included Stove Hood: Yes
  • Included Ceiling Fan(s): Yes
  • Included Screens: Yes
  • Exterior Storm Door(s): Yes
  • Foyer Floor - Wood: Yes
  • GreatFamily Room Floor - Wood5: Yes
  • SidingBrick: Yes
  • Roof Timberline: Yes
  • Lot Description Oversized3: Yes
  • Water Heater Off Boiler: Yes
  • Heating Oil Above Ground: Yes
  • GreatFamily Room Fireplace - Woodburning5: Yes
  • Interior In-Law Suite: Yes
  • Floors Laminate: Yes
  • Basement Heated: Yes
  • Garage Oversized: Yes
  • Parking Oversized2: Yes
  • Exterior Gazebo: Yes
  • General Property Info # UnitsBldgs: 2.0
  • Interior Ceilings - Beamed: Yes
  • Lot Description Wooded: Yes
  • Included Hot Tub3: Yes
  • Interior Hot Tub: Yes
  • Out Buildings Guest House: Yes
  • Parking Circular Driveway: Yes
  • Garage Apt Above Garage: Yes
  • Garage Workshop Workbench2: Yes
  • Style Raised Ranch: Yes
  • Basement Fireplace - Woodburning8: Yes
  • SidingT111: Yes
  • Rooms In-Law-Suite: Yes
  • Special Features: None

Interior Features

  • Basement: Finished, Full, Heated, Walk-Out Access
  • Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Stories: 1
  • Basement Finished: Yes
  • Full Basement: Yes
  • Other Rooms:Dining Room: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Other Rooms:Sunroom: Yes
  • Basement:Walk-Out Access: Yes
  • Other Rooms:Foyer: Yes
  • Other Rooms:Great Room: Yes
  • Features Interior:Skylight: Yes
  • Features Interior:Wet Bar: Yes
  • Primary Bedroom Level:First43: Yes
  • Primary Bath Skylight6: Yes
  • Primary Bath Whirlpool: Yes
  • Primary Bedroom Skylight5: Yes

Exterior Features

  • Roof: Timberline, Shingle
  • Waterfront: No
  • Construction Type: Brick
  • Exterior Features: Balcony, Gazebo, Storm Door(s), Lighting
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: Yes
  • Garage Spaces: 6.0
  • Parking Features: Circular Driveway, Asphalt, Driveway, Direct Access, Oversized, Workshop in Garage
  • General Property Info:Garage: Yes
  • Parking Driveway: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Sewer: Septic Tank
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Oil Above Ground, Forced Air
  • HeatingYN: Yes
  • Water Source: Well
  • Water/Sewer/Septic: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: New Egypt

Lot Info

  • Lot Dimensions: x
  • Parcel #: 24-00059-0000-00014-03
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 9279.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • High School: New Egypt

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2015
Closed on
Jun 1, 2016
Sold by
Derusso Karen and Murray Veronica A
Bought by
Gafgen Thomas Pi and Gafgen Debra Lee
Seller's Agent
Kim Lohkamp
C21/ Action Plus Realty
Buyer's Agent
Jeanette Larkin
Keller Williams Hamilton Burl
Sold Price
$450,000
Current Estimated Value
$788,210

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$338,210
Avg. Annual Appreciation
6.01%

Purchase Details

Closed on
Sep 18, 2004
Sold by
Derusso Karen A and Murray Veronica A
Bought by
Derusso Karen A

Purchase Details

Closed on
Oct 31, 2000
Sold by
Powell Gary
Bought by
Derusso Karen and Murray Veronica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
7.7%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gafgen Thomas Pi $450,000 Foundation Title Llc
Derusso Karen A -- --
Derusso Karen $300,000 --
Derusso Karen $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Derusso Karen $190,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2016 06/01/16 Sold $450,000 -- --
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $13,234 $425,400 $141,200 $284,200
2024 $12,349 $425,400 $141,200 $284,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21536454

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 24-00059-0000-00014-03