$850,000
SOLD MAY 6, 2025

43 Washington Place Unit 41 Somerville, NJ 08876

6 Beds
4 Baths
3,355 Sq Ft
0.33 Acres

Recently Sold

$253 Per Sq Ft

6% Below List Price

98 Days on Market

Highlights

  • 2 Car Detached Garage
  • Cooling Available
  • Baseboard Heating
  • Somerville High School Rated A-

About This Home

As of May 2025

Investment Opportunity Knocks! Four Family Home in highly sought Somerville. Good monthly rental income, separate meters and detached two car garage

Last Agent to Sell the Property

John Natale

Real Broker, LLC License #0790719 Listed on: 07/26/2024

Real Broker, LLC

Last Buyer's Agent

NON MEMBER MORR

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,058

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 60 x 238

Parking

  • 2 Car Detached Garage

Home Design

  • Quadruplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,355 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Schools

  • Somerville High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for hot water
  • Assessor Parcel Number 18-00124-0000-00015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,058

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • Subdivision Name: None
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 60 x 238
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Roof:Shingle3: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.33
  • Waterfront: No
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Detached
  • General Property Info:Garage: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Baseboard
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Baseboard: Yes
  • Heating:Hot Water2: Yes

Lot Info

  • Lot Dimensions: 60 x 238
  • Lot Size Sq Ft: 14374.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 18-00124-0000-00015
  • Zoning Description: Residential, Multi-Family
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 16058.0
  • Tax Other Annual Assessment Amount: 415800.0

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • High School: Somerville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2024
Closed on
May 2, 2025
Sold by
Rking Paterson Property Llc
Bought by
Varadarajan Sreerangarama V and Varadarajan Raghava Prathima
Seller's Agent
John Natale
Real Broker, LLC
Buyer's Agent
NON MEMBER MORR
NON MEMBER
List Price
$900,000
Sold Price
$850,000
Premium/Discount to List
-$50,000
-5.56%
Views
42
Current Estimated Value
$844,628

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,372
Avg. Annual Appreciation
-46.81%
Original Mortgage
$626,250
Outstanding Balance
$626,250
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$95,079

Purchase Details

Closed on
Dec 31, 2021
Sold by
341 Connecticut Llc
Bought by
Rking Paterson Property Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,250
Interest Rate
3.12%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 8, 2021
Sold by
Sf4 Re4 Llc
Bought by
341 Connecticut Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 22, 1990
Sold by
B Vand Doren Inc
Bought by
Carfaro Clement
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 $850,000 Vital Abstract
Deed $850,000 Vital Abstract
Deed -- None Available
Deed $310,000 Westcor Land Title Ins Co
Deed $263,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $626,250 New Conventional
Closed $626,250 New Conventional
Previous Owner $371,250 Construction
Previous Owner $300,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2025 05/06/25 Sold $850,000 -5.6% $253 / Sq Ft
11/01/2024 11/01/24 Pending -- -- --
07/26/2024 07/26/24 For Sale $900,000 -- $268 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $16,437 $415,800 $162,700 $253,100
2023 $16,058 $415,800 $162,700 $253,100
2022 $15,638 $415,800 $162,700 $253,100
2021 $15,538 $415,800 $162,700 $253,100
2020 $15,218 $415,800 $162,700 $253,100
2019 $15,114 $415,800 $162,700 $253,100
2018 $14,952 $415,800 $162,700 $253,100
2017 $14,644 $415,800 $162,700 $253,100
2016 $14,050 $415,800 $162,700 $253,100
2015 $13,863 $415,800 $162,700 $253,100
2014 $13,642 $415,800 $162,700 $253,100
Source: Public Records

Agents Affiliated with this Home

  • John Natale

    Seller's Agent in 2025

    John Natale

    Real Broker, LLC

    (855) 450-0442

    3 in this area

    159 Total Sales

    Section Image

  • N

    Buyer's Agent in 2025

    NON MEMBER MORR

    NON MEMBER

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22421493

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 18-00124-0000-00015

New Jersey Somerset County Somerville 08876

43 Washington Place Unit 41, Somerville, NJ

This home is located at 43 Washington Place Unit 41, Somerville, NJ 08876 and is currently priced at $850,000, approximately $253 per square foot. 43 Washington Place Unit 41 is a home located in Somerset County with nearby schools including Van Derveer School, Somerville Middle School, and Somerville High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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