404 Salem Crossings Rd Moorestown, NJ 08057
Outlying Moorestown NeighborhoodEstimated Value: $1,773,241 - $2,475,000
5
Beds
4.5
Baths
9,096
Sq Ft
$226/Sq Ft
Est. Value
Highlights
- 1.5 Acre Lot
- Marble Flooring
- Cathedral Ceiling
- South Valley Elementary School Rated A+
- Traditional Architecture
- Corner Lot
About This Home
As of June 2019"Grande" best describes this brick front estate home situated on a beautiful 1.50 acre lot. This home boasts over 6300 sq ft of luxurious living space PLUS a professionally finished basement. Must be seen and will not disappoint the most discriminating buyer. Enter the soaring 2 story foyer and notice the custom staircase with decorative metal balusters and marble tile flooring, formal living room with crown moldings and upgraded trim, dining room with wainscoting and custom lighting. The foyer flows into the huge 2 story family room with overlook from above and has a floor to ceiling stone fireplace flanked by windows allowing tons of natural sunlight into this delightful room. The gourmet kitchen with upgraded white wood cabinetry, is a chef's delight and includes granite countertops, a large center island, commercial S/S gas cooktop, double wall ovens and an oversized refrigerator plus an amazing breakfast room that overlooks the outdoor terrace. The 1st floor also has a guest powder room, den, two home offices, custom sunroom addition with stone fireplace and heated floors and a mud room area with built-in locker type storage. The 2nd level has 4 LARGE bedrooms with large closets and private baths PLUS a master suite retreat complete with sitting room and a sumptuous master bathroom with double sinks, separate shower and soaking tub. The lower level professionally finished basement has a custom bar, home gym, theatre room and large game area plus ample storage rooms. The entire lot is lushly landscaped for plenty of privacy and has hard scaping, paver patios and walkways. All custom light fixtures and window treatments are included. New(2017) HW tank--home is just 13 years young and is virtually move-in ready. Don't miss your chance to see this magnificent home!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $34,399
Year Built
- Built in 2005
Lot Details
- 1.5 Acre Lot
- Corner Lot
- Level Lot
- Sprinkler System
- Back, Front, and Side Yard
- Property is in good condition
Parking
- 2 Car Attached Garage
- 5 Open Parking Spaces
- Side Facing Garage
- Driveway
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Pitched Roof
- Shingle Roof
- Stucco
Interior Spaces
- Property has 2 Levels
- Wet Bar
- Cathedral Ceiling
- Ceiling Fan
- Stone Fireplace
- Family Room
- Living Room
- Dining Room
- Finished Basement
- Basement Fills Entire Space Under The House
- Home Security System
Kitchen
- Butlers Pantry
- Double Oven
- Cooktop
- Built-In Microwave
- Dishwasher
- Kitchen Island
- Disposal
Flooring
- Wood
- Wall to Wall Carpet
- Marble
Bedrooms and Bathrooms
- 5 Bedrooms
- En-Suite Primary Bedroom
- En-Suite Bathroom
- Walk-in Shower
Laundry
- Laundry Room
- Laundry on upper level
Outdoor Features
- Patio
- Porch
Schools
- Moorestown Upper Elementary School
- Wm Allen Iii Middle School
- Moorestown High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Programmable Thermostat
- 200+ Amp Service
- Natural Gas Water Heater
- On Site Septic
- Cable TV Available
Community Details
- No Home Owners Association
- Ests At Moorestown Subdivision
Listing and Financial Details
- Tax Lot 00002 17
- Assessor Parcel Number 22-07400-00002 17
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 27, 2018
Closed on
Jun 28, 2019
Sold by
Scho David S and Cho Eun K
Bought by
Reddy Chillakuru V and Chillakuru Nithya L
Seller's Agent
Kristi Kaelin
Coldwell Banker Realty
Buyer's Agent
Kristi Kaelin
Coldwell Banker Realty
List Price
$1,649,000
Sold Price
$1,360,000
Premium/Discount to List
-$289,000
-17.53%
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
$696,810
Avg. Annual Appreciation
6.78%
Original Mortgage
$1,088,000
Interest Rate
4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 15, 2005
Sold by
Orleans Corp
Bought by
Cho David S and Cho Eun K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.78%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Aug 24, 2004
Sold by
Moorestown Farms Lp
Bought by
Orleans Corp
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Reddy Chillakuru V | $1,360,000 | None Available | |
| Cho David S | $1,107,655 | Settlers Title Agency | |
| -- | $1,107,700 | -- | |
| Orleans Corp | $205,000 | Settlers Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Chillakuru Nithya L | $399,999 | |
| Open | Reddy Chillakuru V | $4,800,000 | |
| Closed | Chillakuru Nithya L | $167,500 | |
| Closed | Chillakuru Nithya L | $1,070,000 | |
| Closed | Reddy Chillakuru V | $102,000 | |
| Closed | Reddy Chillakuru V | $1,088,000 | |
| Previous Owner | Cho David S | $300,000 | |
| Previous Owner | Cho David S | $417,000 | |
| Previous Owner | Cho David S | $200,000 | |
| Previous Owner | Cho David S | $0 | |
| Previous Owner | Cho David S | $1,025,000 | |
| Previous Owner | Cho David S | $775,000 | |
| Previous Owner | Cho David S | $1,025,000 | |
| Previous Owner | Cho David S | $0 | |
| Previous Owner | Cho David S | $150,000 | |
| Previous Owner | -- | $675,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/25/2019 06/25/19 | Sold | $1,360,000 | -9.3% | $150 / Sq Ft |
| 05/06/2019 05/06/19 | Pending | -- | -- | -- |
| 03/19/2019 03/19/19 | Price Changed | $1,499,000 | -3.2% | $165 / Sq Ft |
| 10/15/2018 10/15/18 | Price Changed | $1,549,000 | -3.1% | $170 / Sq Ft |
| 10/13/2018 10/13/18 | Price Changed | $1,599,000 | -3.0% | $176 / Sq Ft |
| 08/27/2018 08/27/18 | For Sale | $1,649,000 | -- | $181 / Sq Ft |
Source: Bright 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 | $32,324 | $1,175,000 | $250,000 | $925,000 |
| 2023 | $32,324 | $1,175,000 | $250,000 | $925,000 |
| 2022 | $31,995 | $1,175,000 | $250,000 | $925,000 |
| 2021 | $31,572 | $1,175,000 | $250,000 | $925,000 |
| 2020 | $35,989 | $1,347,900 | $250,000 | $1,097,900 |
| 2019 | $35,355 | $1,347,900 | $250,000 | $1,097,900 |
| 2018 | $34,398 | $1,347,900 | $250,000 | $1,097,900 |
| 2017 | $34,695 | $1,347,900 | $250,000 | $1,097,900 |
| 2016 | $34,574 | $1,347,900 | $250,000 | $1,097,900 |
| 2015 | $34,156 | $1,347,900 | $250,000 | $1,097,900 |
| 2014 | $32,430 | $1,347,900 | $250,000 | $1,097,900 |
Source: Public Records
Agents Affiliated with this Home
-
Kristi Kaelin
Seller's Agent in 2019
Kristi Kaelin
Coldwell Banker Realty
(856) 235-0101
29 in this area
80 Total Sales
Map
Source: Bright MLS
MLS Number: 1002305488
APN: 22-07400-0000-00002-17
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