$571,000
SOLD MAY 20, 2025

40 Drake Place Colonia, NJ 07067

4 Beds
1.5 Baths
1,508 Sq Ft
6,242 Sq Ft Lot

Recently Sold

$379 Per Sq Ft

10% Above List Price

15 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • Formal Dining Room
  • Vaulted Ceiling
  • Private Yard
  • 1 Car Attached Garage

About This Home

As of May 2025

Nestled on a peaceful street in one of Colonia's most sought-after neighborhoods, this warm and inviting 4-bedroom, 2-bathroom home is filled with charm and character. Thoughtfully maintained, it boasts vaulted ceilings and an abundance of natural light throughout. The second and third floors feature hardwood flooring under the carpet, ready to be revealed and restored to their original beauty. Enjoy the comfort of central air, adding to the home's cozy and welcoming feel. Step outside to a private backyard, perfect for relaxing or entertaining. Conveniently located just a short distance from schools, churches, and the Colonia downtown area, this home offers the ideal blend of tranquility and accessibility. Commuters will appreciate the easy access to major highways and NYC transportation. Don't miss this incredible opportunity to own a well-loved home in a fantastic location!

Last Agent to Sell the Property

Donna Rodas

COLDWELL BANKER REALTY Listed on: 03/14/2025

COLDWELL BANKER REALTY

Co-Listed By

Diane Berry

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,557

Year Built

  • Built in 1950

Lot Details

  • 6,242 Sq Ft Lot
  • Lot Dimensions are 97.00 x 0.00
  • Private Yard
  • Property is zoned R-6

Parking

  • 1 Car Attached Garage
  • Open Parking

Home Design

  • Split Level Home
  • Asphalt Roof

Interior Spaces

  • 1,508 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Blinds
  • Living Room
  • Formal Dining Room

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • Hot Water Baseboard Heater
  • Underground Utilities
  • Gas Water Heater

Community Details

  • Colonia Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,557

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.1433
  • Lot Size: 97.00 x 0.00
  • Co List Office Mls Id: CBRB01
  • Ownership: Fee Simple
  • Subdivision Name: Colonia
  • Architectural Style: Split Level
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Three Or More, Multi/Split
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built: 1950
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Dining Room Features: Formal Dining Room
  • Room Kitchen Features: Eat-in Kitchen
  • Appliances: Dishwasher, Dryer, Gas Range/Oven, Refrigerator, Washer, Gas Water Heater
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Carpet, Wood
  • Interior Amenities: Blinds, Vaulted Ceiling(s), 1 Bedroom, Laundry Room, Bath Half, Living Room, Kitchen, Dining Room, 3 Bedrooms, Bath Full
  • Living Area: 1508
  • Stories: 2
  • Window Features: Blinds

Exterior Features

  • Lot Features: Near Shopping, Near Train, Near Public Transit
  • Exterior Features: Sidewalk, Yard
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: 1 Car Width, Asphalt, Garage, Attached

Utilities

  • Gas Company: Natural Gas
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Baseboard Hotwater
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Senior Community: No
  • Association #2 Fee Frequency: Monthly
  • Pets Allowed: Yes

Lot Info

  • Lot Size Sq Ft: 6242
  • Zoning: R-6

Tax Info

  • Tax Annual Amount: 8557
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2025
Closed on
May 16, 2025
Sold by
Hill Ralph S and Sica Lynda Joyce
Bought by
Acosta Radames and Negro Danielle
Seller's Agent
Donna Rodas
COLDWELL BANKER REALTY
List Price
$519,000
Sold Price
$571,000
Premium/Discount to List
$52,000
10.02%
Views
124

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-28.71%
Original Mortgage
$456,800
Outstanding Balance
$456,407
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$73,627

Purchase Details

Closed on
May 25, 1971
Bought by
Hill Ralph S and Hill Eileen
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $571,000 Accommodation/Courtesy Recordi
Deed $571,000 Accommodation/Courtesy Recordi
Deed $32,300 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $456,800 New Conventional
Closed $456,800 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2025 05/20/25 Sold $571,000 +10.0% $379 / Sq Ft
03/14/2025 03/14/25 For Sale $519,000 -- $344 / 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
2024 $8,557 $74,400 $22,500 $51,900
2023 $8,557 $74,400 $22,500 $51,900
2022 $8,339 $74,400 $22,500 $51,900
2021 $8,268 $74,400 $22,500 $51,900
2020 $8,011 $74,400 $22,500 $51,900
2019 $7,816 $74,400 $22,500 $51,900
2018 $7,662 $74,400 $22,500 $51,900
2017 $7,523 $74,400 $22,500 $51,900
2016 $7,713 $74,400 $22,500 $51,900
2015 $7,328 $74,400 $22,500 $51,900
2014 $7,165 $74,400 $22,500 $51,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2510410R

All Jersey MLS

APN: 25-00509-01-00037