NOT LISTED FOR SALE

3843 Park Ave Edison, NJ 08820

Estimated Value: $935,000 - $1,081,000

5 Beds
4 Baths
4,368 Sq Ft
$233/Sq Ft Est. Value

Last Sold October 11, 2024

Last sale price $975,000 $223 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $7,324/month

37 Days on Market

Highlights

  • Custom Home
  • Property is near public transit and shops
  • 2 Fireplaces
  • Woodbrook Elementary School Rated A
  • Wood Flooring
  • Great Room

About This Home

As of October 2024

This exceptional custom built home is located in the most sought-after neighborhood of North Edison, NJ. The house features a welcoming front porch and the brick exterior with contrasting details exude a timeless appeal. Upon entering, you are greeted by a spacious living room bathed in natural light streaming through large windows. Hardwood floors stretch throughout, complementing the neutral-toned walls and providing a warm ambiance. The kitchen boasts ample granite counters, and cabinets that blend style with functionality, ideal for culinary enthusiasts. A bedroom with full bath on the 1st floor are perfect for multi-generational living. This beautiful house was completely remodeled, with recessed lighting, and sprawling expansions. Build memories to last a lifetime in the bonus loft area which is perfect for recreation, and entertainment. Primary room features large windows, with an elegantly tiled en-suite bathroom. Three other generous bedrooms offer comfortable retreats, each equipped with generous closet space and large windows. The bathroom is modern and complete with a sleek vanity. Fully finished basement with an exterior entrance add 1487 sq ft to this home. An office space, extra room, den and a full bath offer versatility. A vintage fireplace add character to this charming basement. Outside, the expansive backyard is a private oasis, perfect for outdoor gatherings or quiet relaxation. An in-ground pool is ready to be enjoyed for the summers. A 2-car attached garage & extra long driveway makes parking a breeze! HVAC and water boiler were installed in 2017 and the roof in 2023. Sprinkler system in ground to keep the grass green. All of this & even more, close to public transportation, highways, dining, shopping, & highly rated schools! A must see!

Last Agent to Sell the Property

Ruchi Shah

RE/MAX FIRST REALTY, INC. Listed on: 07/10/2024

RE/MAX FIRST REALTY, INC.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,593

Year Built

  • Built in 1946

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 200.00 x 100.00
  • Private Yard
  • Property is zoned RA

Parking

  • 2 Car Attached Garage
  • Open Parking

Home Design

  • Custom Home
  • Colonial Architecture
  • Asphalt Roof

Interior Spaces

  • 4,368 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Great Room
  • Family Room
  • Living Room
  • Formal Dining Room
  • Den

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Exterior Basement Entry
  • Finished Basement Bathroom
  • Laundry in Basement

Outdoor Features

  • Patio
  • Shed

Location

  • Property is near public transit and shops

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Gas Water Heater

Community Details

  • Stephenville Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,593

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.4591
  • Lot Size: 200.00 x 100.00
  • Ownership: Fee Simple
  • Subdivision Name: Stephenville
  • Architectural Style: Colonial, Custom Home
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Property Attached Yn: No
  • Building Stories: 2
  • Structure Type: Custom Home
  • Year Built: 1946
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 2

Interior Features

  • Dining Room Features: Formal Dining Room
  • Master Bedroom Features: Full Bath
  • Room Kitchen Features: Granite/Corian Countertops, Pantry, Eat-in Kitchen
  • Appliances: Dishwasher, Disposal, Dryer, Gas Range/Oven, Microwave, Refrigerator, Washer, Gas Water Heater
  • Has Basement: Finished, Bath Full, Other Room(s), Exterior Entry, Den, Laundry Facilities
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplace Features: Wood Burning
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Wood
  • Interior Amenities: 1 Bedroom, Kitchen, Living Room, Bath Full, Dining Room, Family Room, 2 Bedrooms, Great Room, 3 Bedrooms, 4 Bedrooms, Bath Main, None
  • Living Area: 4368
  • Stories: 2

Exterior Features

  • Lot Features: Near Shopping, Near Train
  • Exterior Features: Patio, Storage Shed, Yard
  • Other Structures: Shed(s)
  • Patio And Porch Features: Patio
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Asphalt, Garage, Attached

Utilities

  • Gas Company: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association #2 Fee Frequency: Monthly

Lot Info

  • Lot Size Sq Ft: 19998
  • Zoning: RA

Tax Info

  • Tax Annual Amount: 13593
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2024
Closed on
Oct 11, 2024
Sold by
P3843 Edison Llc
Bought by
Mudaliar Selvaraj Shanmugam and Mudaliar Sathiya S
Seller's Agent
Ruchi Shah
RE/MAX FIRST REALTY, INC.
List Price
$999,000
Sold Price
$975,000
Premium/Discount to List
-$24,000
-2.4%
Views
42
Current Estimated Value
$1,194,638

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$219,638
Avg. Annual Appreciation
3.53%
Original Mortgage
$766,000
Outstanding Balance
$757,716
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$260,842

Purchase Details

Listed on
Mar 25, 2021
Closed on
Aug 12, 2021
Sold by
Kunert Julio and Kunert Patricia
Bought by
P3843 Edison Llc
Seller's Agent
Eugene Moretti
BHHS FOX & ROACH REALTORS
List Price
$615,000
Sold Price
$615,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.75%

Purchase Details

Closed on
Aug 22, 2008
Sold by
Bansal Seema and Bansal Parveen
Bought by
Kunert Julio and Kunert Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,600
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 2005
Sold by
O'Brien Betty Louise
Bought by
Bansal Seema

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,600
Interest Rate
6.07%
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
Mudaliar Selvaraj Shanmugam $975,000 Fidelity National Title
Mudaliar Selvaraj Shanmugam $975,000 Fidelity National Title
P3843 Edison Llc $615,000 First American Title Ins Co
Kunert Julio $427,000 None Available
Bansal Seema $450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mudaliar Selvaraj Shanmugam $766,000
Closed Mudaliar Selvaraj Shanmugam $766,000
Previous Owner Kunert Julio $341,600
Previous Owner Bansal Seema $359,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/11/2024 10/11/24 Sold $975,000 -2.4% $223 / Sq Ft
07/10/2024 07/10/24 For Sale $999,000 +62.4% $229 / Sq Ft
08/18/2021 08/18/21 Sold $615,000 0.0% $555 / Sq Ft View Prior Sale
07/19/2021 07/19/21 Pending -- -- --
03/25/2021 03/25/21 For Sale $615,000 -- $555 / Sq Ft
Source: All Jersey 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 $13,662 $306,400 $110,000 $196,400
2024 $13,589 $229,500 $110,000 $119,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2500379R

All Jersey MLS

APN: 05-01019-0000-00009