NOT LISTED FOR SALE

38 Drexel Ln Matawan, NJ 07747

Estimated Value: $601,000 - $627,382

4 Beds
2 Baths
1,569 Sq Ft
$390/Sq Ft Est. Value

Last Sold April 28, 2021

Last sale price $375,000 $239 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $3,993/month

Highlights

  • Cape Cod Architecture
  • No HOA
  • Cooling Available
  • Matawan Reg High School Rated A-
  • Porch
  • 1 Car Garage

About This Home

As of April 2021

Great bones!!! Come make this diamond in the rough your dream home. This four bedroom, two full bath Strathmore cape is waiting for your updating ideas. This is an AS-IS sale. C/O and any other inspections are the responsibility of the buyers. Showings to begin on Tuesday March 16th.

Last Agent to Sell the Property

Patricia Dunphy

CSI Realty Group, Inc. License #0338185 Listed on: 03/16/2021

Last Buyer's Agent

Iris Silverberg

RE/MAX Central License #8744535

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,273

Year Built

  • Built in 1961

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 77 x 208

Parking

  • 1 Car Garage

Home Design

  • Cape Cod Architecture
  • Slab Foundation
  • Shingle Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • 1-Story Property
  • Porch

Community Details

  • No Home Owners Association
  • Strathmore Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-00047-0000-00011

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,273

Year Built

Built in 1961

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Subdivision Name: Strathmore
  • Architectural Style: Cape
  • New Construction: No
  • Year Built: 1961
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Acreage: 0.37
  • General Property Info Lot Dimensions: 77 x 208
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Porch - Open: Yes
  • Style Cape: Yes
  • Special Features: None

Interior Features

  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 1
  • Basement:Slab: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.37
  • Waterfront: No
  • Exclusions: Personal Property
  • Exterior Features: Porch - Open
  • Foundation Details: Slab

Garage/Parking

  • Garage: Yes
  • Garage Spaces: 1.0
  • General Property Info:Garage: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Natural Gas
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 77 x 208
  • Lot Size Sq Ft: 16117.2
  • Parcel #: 01-00047-0000-00011

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 9273.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2021
Closed on
Apr 21, 2021
Sold by
Wahlsten Patricia and Estate Of Peter Barbieri
Bought by
Malafronte Michael and Malafronte Danielle E
Seller's Agent
Patricia Dunphy
CSI Realty Group, Inc.
Buyer's Agent
Iris Silverberg
RE/MAX Central
List Price
$365,000
Sold Price
$375,000
Premium/Discount to List
$10,000
2.74%
Current Estimated Value
$583,637

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,637
Avg. Annual Appreciation
10.64%
Original Mortgage
$378,026
Outstanding Balance
$346,204
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$233,036
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
Malafronte Michael $385,000 Oceanview Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Malafronte Michael $378,026
Previous Owner Barbieri Peter A $502,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2021 04/28/21 Sold $375,000 +2.7% $239 / Sq Ft
03/16/2021 03/16/21 Pending -- -- --
03/16/2021 03/16/21 For Sale $365,000 -- $233 / 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 $9,578 $499,400 $367,800 $131,600
2023 $9,578 $447,800 $319,300 $128,500
2022 $8,296 $382,100 $248,800 $133,300
2021 $8,296 $343,500 $225,000 $118,500
2020 $9,523 $350,900 $235,000 $115,900
2019 $9,393 $336,200 $221,000 $115,200
2018 $8,983 $322,300 $212,500 $109,800
2017 $8,519 $310,000 $192,500 $117,500
2016 $7,925 $301,000 $186,500 $114,500
2015 $7,869 $305,100 $193,500 $111,600
2014 $7,444 $295,300 $184,500 $110,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22107436

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 01-00047-0000-00011