Seller's Agent in 2020
Mark Taylor
RE/MAX
(732) 925-2059
83 Total Sales
40 W Lake Ct Somerset, NJ 08873
Estimated Value: $480,000 - $518,000
2
Beds
3.5
Baths
--
Sq Ft
$275/mo
HOA Fee
Highlights
- High Ceiling
- Formal Dining Room
- Soaking Tub
- Den
- Eat-In Kitchen
- Walk-In Closet
About This Home
As of May 2020Gorgeous updated large townhome in a small community in beautiful Franklin Township. This light-filled unit welcomes you with a covered front porch perfect for morning coffee. The sunken living room with wood burning fireplace is open to the raised dining room and offers great space for entertaining. The eat-in kitchen is large and has newer stainless steel appliances with a sliding glass door leading to the deck which overlooks a grassy field. There are 3.5 baths in this home and all have been beautifully updated with the finest finishes. The master bedroom with en-suite bath is amazingly large and has a walk-in closet with beautiful built-in shelving. The finished walk-out basement offers lots of extra space for recreation. The entire unit was just repainted and is move-in ready. Close to everything!!
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $5,874
Year Built
- Built in 1987
Lot Details
- 2,178 Sq Ft Lot
HOA Fees
- $275 Monthly HOA Fees
Home Design
- Vinyl Siding
- Tile
Interior Spaces
- High Ceiling
- Wood Burning Fireplace
- Blinds
- Living Room
- Formal Dining Room
- Den
- Utility Room
- Laminate Flooring
Kitchen
- Eat-In Kitchen
- Gas Oven or Range
- Recirculated Exhaust Fan
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- Primary bedroom located on second floor
- En-Suite Primary Bedroom
- Walk-In Closet
- Soaking Tub
- Separate Shower
Laundry
- Laundry Room
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Home Security
Parking
- Parking Lot
- Assigned Parking
Schools
- Conerly Elementary School
- Sampson Middle School
- Franklin High School
Utilities
- Forced Air Heating and Cooling System
- One Cooling System Mounted To A Wall/Window
- Standard Electricity
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 2708-00424-0002-00011-0042-
- Tax Block *
Community Details
Overview
- Association fees include maintenance-common area, maintenance-exterior, snow removal, trash collection
- $400 Other One-Time Fees
Pet Policy
- Pets Allowed
Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 24, 2020
Closed on
Apr 23, 2020
Sold by
Cartwright Ian C and Cartwright Kelly
Bought by
Vorogushina Tatiana and Oleynik Yulian
Seller's Agent
Mark Taylor
RE/MAX ACHIEVERS
Buyer's Agent
Vanessa Pollock
KELLER WILLIAMS REALTY
List Price
$330,000
Sold Price
$330,000
Total Days on Market
14
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,347
Avg. Annual Appreciation
8.38%
Purchase Details
Listed on
Jul 13, 2018
Closed on
Oct 11, 2018
Sold by
Ramaka Bharath K
Bought by
Cartwright Ian C and Cartwright Kelly
Seller's Agent
Nina Jordan
COLDWELL BANKER REALTY
Buyer's Agent
Mark Taylor
RE/MAX ACHIEVERS
List Price
$325,000
Sold Price
$305,000
Premium/Discount to List
-$20,000
-6.15%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.18%
Original Mortgage
$247,050
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 19, 2004
Sold by
Gaddamanugu Vinay
Bought by
Ramaka Bharath K
Purchase Details
Closed on
Sep 25, 2000
Sold by
Lehnert Barbara
Bought by
Gaddmanugu Vinay and Rao Kavitha
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
7.96%
Purchase Details
Closed on
Nov 8, 1991
Sold by
Earley James and Betty Ann
Bought by
Lehnert Barbara
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Vorogushina Tatiana | $330,000 | Chicago Title Insurance Co | |
| Cartwright Ian C | $305,000 | None Available | |
| Ramaka Bharath K | $274,000 | -- | |
| Gaddmanugu Vinay | $175,000 | -- | |
| Lehnert Barbara | $122,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Cartwright Ian C | $247,050 | |
| Previous Owner | Gaddmanugu Vinay | $157,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/04/2020 05/04/20 | Sold | $330,000 | 0.0% | -- |
| 03/09/2020 03/09/20 | Pending | -- | -- | -- |
| 02/24/2020 02/24/20 | For Sale | $330,000 | +8.2% | -- |
| 10/11/2018 10/11/18 | Sold | $305,000 | -6.2% | -- |
| 09/06/2018 09/06/18 | Pending | -- | -- | -- |
| 07/13/2018 07/13/18 | For Sale | $325,000 | -- | -- |
Source: Garden State MLS
Tax History Compared to Growth
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 | $6,676 | $367,200 | $160,000 | $207,200 |
| 2023 | $6,903 | $357,500 | $140,000 | $217,500 |
| 2022 | $6,689 | $328,200 | $115,000 | $213,200 |
| 2021 | $6,298 | $298,200 | $85,000 | $213,200 |
| 2020 | $6,298 | $278,200 | $65,000 | $213,200 |
| 2019 | $6,059 | $263,200 | $50,000 | $213,200 |
| 2018 | $5,913 | $254,200 | $45,000 | $209,200 |
| 2017 | $5,700 | $244,200 | $35,000 | $209,200 |
| 2016 | $5,624 | $239,200 | $30,000 | $209,200 |
| 2015 | $5,936 | $254,200 | $45,000 | $209,200 |
| 2014 | $5,621 | $244,200 | $35,000 | $209,200 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Taylor
-
Vanessa Pollock
Buyer's Agent in 2020
Vanessa Pollock
KELLER WILLIAMS REALTY
(973) 544-8484
1 in this area
538 Total Sales
-
Nina Jordan
Seller's Agent in 2018
Nina Jordan
COLDWELL BANKER REALTY
(732) 331-5389
24 in this area
54 Total Sales
Map
Source: Garden State MLS
MLS Number: 3618528
APN: 08-00424-02-00011-42
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