NOT LISTED FOR SALE

38 Somerset Dr Willingboro, NJ 08046

Estimated Value: $287,000 - $354,000

4 Beds
2 Baths
1,624 Sq Ft
$203/Sq Ft Est. Value

Last Sold November 27, 2013

Last sale price $50,000 $31 Per Sq Ft

Est. 558% increase in value since last sale

Current estimated payment $2,171/month

Highlights

  • Cape Cod Architecture
  • Eat-In Kitchen
  • En-Suite Primary Bedroom
  • No HOA
  • Living Room
  • Dining Room

About This Home

As of November 2015

Great rental property with converted garage to a family room. Upgraded kitchen. Oil heat. Please provide a w-2, pay stubs, full application & any other supporting documentation.

Last Agent to Rent the Property

Demetrius Tilley

Century 21 Alliance-Moorestown License #9136288 Listed on: 07/07/2015

Century 21 Alliance-Moorestown

Last Renter's Agent

Demetrius Tilley

Century 21 Alliance-Moorestown License #9136288 Listed on: 07/07/2015

Century 21 Alliance-Moorestown

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,533

Year Built

  • Built in 1958

Lot Details

  • 6,500 Sq Ft Lot
  • Lot Dimensions are 65x100

Parking

  • 2 Open Parking Spaces

Home Design

  • Cape Cod Architecture

Interior Spaces

  • 1,624 Sq Ft Home
  • Property has 1.5 Levels
  • Family Room
  • Living Room
  • Dining Room
  • Eat-In Kitchen
  • Laundry on main level

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Utilities

  • Heating System Uses Oil
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Somerset Subdivision

Listing and Financial Details

  • Residential Lease
  • Security Deposit $2,406
  • Tenant pays for electricity, heat, water, sewer, hot water, insurance, lawn/tree/shrub care, snow removal, trash removal, cable TV
  • Smoking Allowed
  • 12-Month Lease Term
  • Available 8/1/15
  • Assessor Parcel Number 38-00123-00026

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,533

Year Built

Built in 1958

Lot Details

0

Rental Info

  • Date Available: 2015-08-01
  • Lease Term: 12 Months
  • Pets: Case By Case Basis
  • Security Deposit: 2406.00
  • Smoking Allowed Yn: Yes
  • Tenant Pays: Electricity, Heat, Water, Sewer, Hot Water, Insurance, Lawn/Tree/Shrub Care, Snow Removal, Trash Removal, Cable Tv
  • Vacation Rental: No
  • Max Lease in Months: 12
  • Min Lease in Months: 12

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Inclusions: Appliances As-Is
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1958
  • Remarks Public: Great rental property with converted garage to a family room. Upgraded kitchen. Oil heat. Please provide a w-2, pay stubs, full application & any other supporting documentation.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl
  • Interior Amenities: Kitchen - Eat-In
  • Fireplace: No
  • Levels Count: 1.5
  • Room Count: 7
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 1624
  • Living Area Sq Ft: 1624
  • Net Sq Ft: 1624.00
  • Price Per Sq Ft: 0.89
  • Above Grade Finished Sq Ft: 1624
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 38

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Oil
  • Heating Type: Oil
  • Heating: Yes
  • Hot Water: Electric
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: WILLINGBORO TOWNSHIP PUBLIC SCHOOLS
  • School District Key: 300200396658

Lot Info

  • Lot Size Acres: 0.15
  • Lot Dimensions: 65X100
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6500.00

Tax Info

  • Assessor Parcel Number: 1752457
  • Assessor Parcel Number: 38-00123-00026
  • Close Date: 11/01/2015

MLS Schools

  • School District Name: WILLINGBORO TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 22, 2014
Sold by
Woodlane Holdings Llc
Bought by
Met Capital Willingboro Llc
Current Estimated Value
$329,050

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,818,880
Outstanding Balance
$1,422,250
Interest Rate
4.18%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
-$1,097,775

Purchase Details

Listed on
Jun 25, 2013
Closed on
Nov 27, 2013
Sold by
Federal National Mortgage Association
Bought by
Woodlane Holdings Llc
Seller's Agent
George Smith
World Net Realty/SJ
Buyer's Agent
David Stanger
Westmarq Realty LLC
List Price
$72,900
Sold Price
$50,000
Premium/Discount to List
-$22,900
-31.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.25%
Original Mortgage
$60,000
Interest Rate
4.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 8, 2003
Sold by
Hud
Bought by
Karoum Lina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
5.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 18, 2002
Sold by
Howell Freda
Bought by
Hud

Purchase Details

Closed on
May 29, 1997
Sold by
Baral Robert W and Baral Jessica A
Bought by
Howell Freda
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
Met Capital Willingboro Llc -- None Available
Woodlane Holdings Llc $50,000 Stewart Title Guaranty Co
Karoum Lina $94,777 Independence Abstract
Hud -- --
Howell Freda $72,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Met Capital Willingsboro Llc $109,200
Open Met Capital Willingboro Llc $1,818,880
Previous Owner Woodlane Holdings Llc $60,000
Previous Owner Karoum Mouhamed $50,000
Previous Owner Karoum Lina $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2015 11/01/15 Rented $1,450 -9.6% --
10/15/2015 10/15/15 Under Contract -- -- --
07/07/2015 07/07/15 For Rent $1,604 +1.8% --
02/02/2014 02/02/14 Rented $1,575 +3.0% --
01/31/2014 01/31/14 Under Contract -- -- --
12/14/2013 12/14/13 For Rent $1,529 0.0% --
11/27/2013 11/27/13 Sold $50,000 -1.2% $31 / Sq Ft
11/12/2013 11/12/13 Pending -- -- --
11/01/2013 11/01/13 Price Changed $50,622 -22.0% $31 / Sq Ft
09/25/2013 09/25/13 Price Changed $64,900 -11.0% $40 / Sq Ft
09/25/2013 09/25/13 For Sale $72,900 +45.8% $45 / Sq Ft
09/24/2013 09/24/13 Off Market $50,000 -- --
08/15/2013 08/15/13 For Sale $72,900 0.0% $45 / Sq Ft
07/22/2013 07/22/13 Pending -- -- --
06/25/2013 06/25/13 For Sale $72,900 -- $45 / Sq Ft
Source: Bright 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 $4,533 $105,000 $32,500 $72,500
2024 $4,499 $105,000 $32,500 $72,500
2023 $4,499 $105,000 $32,500 $72,500
2022 $4,188 $105,000 $32,500 $72,500
2021 $4,196 $105,000 $32,500 $72,500
2020 $4,214 $105,000 $32,500 $72,500
2019 $4,174 $105,000 $32,500 $72,500
2018 $4,096 $105,000 $32,500 $72,500
2017 $3,982 $105,000 $32,500 $72,500
2016 $3,942 $105,000 $32,500 $72,500
2015 $3,806 $105,000 $32,500 $72,500
2014 $4,414 $127,900 $32,500 $95,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002651392

Bright MLS

APN: 38-00123-0000-00026