NOT LISTED FOR SALE

37 Somerset Place Matawan, NJ 07747

Estimated Value: $963,000 - $1,163,000

4 Beds
2.5 Baths
3,542 Sq Ft
$306/Sq Ft Est. Value

Last Sold August 12, 2022

Last sale price $899,000 $254 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $7,489/month

24 Days on Market

Highlights

  • In Ground Pool
  • No HOA
  • Zoned Heating and Cooling
  • Matawan Reg High School Rated A-
  • 2 Car Attached Garage
  • Heating System Uses Natural Gas

About This Home

As of August 2022

Welcome to this amazing 4-bedroom 2.5 bath center hall colonial in prestigious Magnolia Manor! Situated on a quiet, private street at the entrance to a cul-de-sac, this house features a full basement, large 2-car garage, and a tranquil, vacation-like backyard with heated pool, attached spa, and expansive paver patio for endless entertaining. Enter inside to find a grand foyer with winding staircase and crystal chandelier. The open concept living room/kitchen space, sitting room, formal dining room, first floor office, and kitchen alcove with slider to the rear patio are all drenched in natural light. Upstairs features primary bedroom with updated primary bathroom, additional entertaining room, and 3 large bedrooms for the whole family. This house and location have so much to offer!

Last Agent to Sell the Property

Joe Ossichak

EXP Realty License #0792939 Listed on: 05/10/2022

EXP Realty

Co-Listed By

Samuel Marx

EXP Realty

Last Buyer's Agent

Ami-Sasha Thadani

Serhant New Jersey LLC License #1866412

Serhant New Jersey LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,976

Year Built

  • Built in 1991

Lot Details

  • 5,663

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Shingle Roof

Interior Spaces

  • 3,542 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Schools

  • Lloyd Road Elementary School
  • Matawan Avenue Middle School
  • Matawan Reg High School

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • In Ground Pool
  • 5,663 Sq Ft Lot

Community Details

  • No Home Owners Association
  • Magnolia Manor Subdivision

Listing and Financial Details

  • Assessor Parcel Number 31-00123-0000-00033-02

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,976

Year Built

Built in 1991

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoPoolFeatures: In Ground
  • Co List Office Mls Id: 3318
  • Co List Office Phone: 866-201-6210
  • Inclusions: Washer, Dishwasher, Dryer, Microwave, Stove, Refrigerator
  • Subdivision Name: Magnolia Manor
  • Architectural Style: 2 Story
  • Year Built: 1991
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: Yes
  • WaterSewer Public Sewer: Yes
  • General Property Info Acreage: 0.13
  • Location Middle School: Matawan Avenue
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Cooling 2 Zoned AC: Yes
  • Style 2 Story: Yes
  • Special Features: None

Interior Features

  • Basement: Unfinished
  • Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Stories: 2
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes
  • Basement:Unfinished: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.13
  • Waterfront: No
  • Exclusions: Personal Property
  • Exterior Features: Other
  • Exterior Features:Pool-In Ground: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Driveway
  • General Property Info:Garage: Yes
  • Parking Driveway: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, 2 Zoned AC
  • Cooling Y N: Yes
  • Heating: Natural Gas
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Matawan Avenue

Lot Info

  • Lot Size Sq Ft: 5662.8
  • Parcel #: 31-00123-0000-00033-02
  • Zoning Description: Residential, Single Family

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 18976.0

MLS Schools

  • Elementary School: Lloyd Road
  • High School: Matawan Reg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2022
Closed on
Jul 1, 2022
Sold by
Maresca and Margaret
Bought by
Akter Sarmin
Seller's Agent
Joe Ossichak
EXP Realty
Buyer's Agent
Ami-Sasha Thadani
Serhant New Jersey LLC
List Price
$899,000
Sold Price
$899,000
Current Estimated Value
$1,074,716

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,716
Avg. Annual Appreciation
6.42%
Original Mortgage
$809,100
Interest Rate
4.38%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Akter Sarmin $899,000 Asterita Joseph J
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Akter Sarmin $50,000
Previous Owner Akter Sarmin $809,100
Previous Owner Maresca Michael $240,000
Previous Owner Maresca Michael $172,094
Previous Owner Maresca Michael $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2022 08/12/22 Sold $899,000 0.0% $254 / Sq Ft
08/05/2022 08/05/22 For Sale $899,000 0.0% $254 / Sq Ft
06/03/2022 06/03/22 Pending -- -- --
05/10/2022 05/10/22 For Sale $899,000 -- $254 / Sq Ft
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
2024 $18,642 $853,300 $305,700 $547,600
2023 $18,642 $857,500 $315,700 $541,800
2022 $18,976 $754,200 $238,200 $516,000
2021 $18,976 $698,400 $228,200 $470,200
2020 $20,400 $745,600 $223,200 $522,400
2019 $19,457 $712,700 $203,200 $509,500
2018 $18,626 $671,200 $168,200 $503,000
2017 $18,703 $664,400 $163,200 $501,200
2016 $17,853 $647,800 $153,200 $494,600
2015 $16,908 $618,200 $143,200 $475,000
2014 $17,426 $639,500 $148,200 $491,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22213930

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 31-00123-0000-00033-02