NOT LISTED FOR SALE

Estimated Value: $784,976 - $855,000

3 Beds
2.5 Baths
2,570 Sq Ft
$319/Sq Ft Est. Value

Last Sold October 23, 2020

Last sale price $500,000 $195 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $5,356/month

56 Days on Market

Highlights

  • Beach Access
  • Raised Ranch Architecture
  • 1 Fireplace
  • Pool House
  • Attic
  • Corner Lot

About This Home

As of October 2020

Looking for a home that offers both privacy and convenience? Look no further. An expanded raised ranch in Cranbury on a diamond shaped corner lot. This builder's home hasn't seen the market since 1970. Hardwood floors, rich wooden paneling, fireplace, plenty of windows, and huge mirrors give the feeling of a much larger home. Sunroom has 9 sliding windows, a vaulted ceiling, ceiling fan, exposed beams. Kitchen features granite countertops, and stainless appliances, cabinet depth refrigerator, six burner gas range w/salamander for the gourmet chef, and solid cherrywood cabinets. The upstairs is solid white oak hardwood. The downstairs playroom/den (or 4th bed/perfect in-law suite) has paneling and built-in bookshelves, and opens into a full wet-bar. Sixteen solar panels provide most of the home's electricity. The concrete block shed was reroofed in 2015, the home in 2012. Large backyard - perfect for outdoor entertaining. The solar panels help reduce energy cost to put a little money back in your pocket. Whole house generator hookup to ensure you are never without power. Property being sold as is.

Last Agent to Sell the Property

Kim Tromba

Keller Williams Realty License #RES.0805598 Listed on: 08/07/2020

Keller Williams Realty

Co-Listed By

Michael Ange Tromba

Keller Williams Realty License #REB.0793281

Last Buyer's Agent

Stephen Pratt

Keller Williams Realty License #RES.0809678

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,463

Year Built

  • Built in 1965

Lot Details

  • 0.74 Acre Lot
  • Corner Lot
  • Level Lot
  • Cleared Lot
  • Garden
  • Property is zoned A2

Home Design

  • Raised Ranch Architecture
  • Concrete Foundation
  • Block Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Shake Siding

Interior Spaces

  • 2,570 Sq Ft Home
  • Ceiling Fan
  • 1 Fireplace
  • Heated Enclosed Porch
  • Attic

Kitchen

  • Oven or Range
  • Gas Range
  • Dishwasher
  • Smart Appliances

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Washer
  • Gas Dryer

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Apartment Living Space in Basement

Parking

  • 2 Car Attached Garage
  • Driveway

Eco-Friendly Details

  • Solar Heating System
  • Heating system powered by solar not connected to the grid
  • Heating system powered by active solar

Pool

  • Pool House
  • In Ground Pool
  • Vinyl Pool

Outdoor Features

  • Beach Access

Schools

  • Cranbury Elementary School
  • West Rocks Middle School
  • Norwalk High School

Utilities

  • Zoned Heating
  • Heating System Uses Propane
  • Power Generator

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,463

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Neighborhood: Cranbury
  • Property Type: Single Family For Sale
  • Style: Raised Ranch
  • Sq Ft Est Heated Above Grade: 2570
  • Public Record Living Room Sq Ft: 1585
  • Total Sq Ft: 2570
  • Year Built: 1965
  • Direct Waterfront: No
  • Home Warranty Offered: Yes
  • Public Record Gross Sq Ft: 3224
  • Directions: Grumman or Chestnut Hill to Ellen
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Basement Description: Full With Walk-Out, Fully Finished, Heated, Walk-out, Apartment, Liveable Space
  • Appliances: Gas Range, Oven/Range, Refrigerator, Dishwasher, Washer, Gas Dryer
  • Attic: Yes
  • Home Automation: Appliances
  • Street Number Modifier: 44

Exterior Features

  • Exterior Features: Garden Area, Porch-Enclosed, Porch-Heated, Porch-Screened, Porch-Wrap Around
  • Exterior Siding: Shake
  • Foundation Type: Block, Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Beach Rights
  • Swimming Pool: Yes
  • Pool: Pool House, In Ground Pool, Vinyl
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Attached Garage
  • Garages Number: 2
  • Driveway Type: Paved

Utilities

  • Cooling System: Ceiling Fans
  • Heat Type: Solar, Zoned
  • Heat Fuel Type: Propane, Solar
  • Hot Water Description: Domestic
  • Water Source: Public Water Connected
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

  • Elementary School: Cranbury
  • Middle School: West Rocks
  • High School: Norwalk

Green Features

  • Energy Features: Active Solar, Generator Ready

Lot Info

  • Acres: 0.7400
  • Lot Description: Cleared, Corner Lot, Level Lot
  • Zoning: A2

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 8463
  • Total Assessed Value: 358490
  • Mil Rate Base: 22.250
  • Mil Rate Tax District: 1.356
  • Mil Rate Total: 23.606
  • Assessor Parcel Number: 243748

MLS Schools

  • Elementary School: Cranbury
  • Middle Jr High School: West Rocks
  • High School: Norwalk

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2020
Closed on
Oct 20, 2020
Sold by
Passarelli Anne G
Bought by
Passarelli Paul M
Seller's Agent
Kim Tromba
Keller Williams Realty
Buyer's Agent
Stephen Pratt
Keller Williams Realty
List Price
$449,000
Sold Price
$500,000
Premium/Discount to List
$51,000
11.36%
Current Estimated Value
$820,494

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$320,494
Avg. Annual Appreciation
10.50%
Original Mortgage
$460,750
Outstanding Balance
$412,581
Interest Rate
2.9%
Mortgage Type
Balloon
Estimated Equity
$395,786

Purchase Details

Closed on
Apr 22, 2019
Sold by
Passarelli Louis Est
Bought by
Passarelli Anne

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
4.4%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Range of Values:

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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
Passarelli Paul M -- None Available
Passarelli Paul M -- None Available
Parsons Michael $500,000 None Available
Parsons Michael $500,000 None Available
Passarelli Anne -- --
Passarelli Anne -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parsons Michael L $460,750
Closed Parsons Michael $460,750
Previous Owner Passarelli Anne $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2020 10/23/20 Sold $500,000 +11.4% $195 / Sq Ft
10/16/2020 10/16/20 Pending -- -- --
08/20/2020 08/20/20 For Sale $449,000 -- $175 / Sq Ft
Source: SmartMLS

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 $10,634 $447,930 $224,290 $223,640
2024 $10,470 $447,930 $224,290 $223,640
2023 $8,950 $358,490 $178,770 $179,720
2022 $8,810 $358,490 $178,770 $179,720
2021 $7,496 $358,490 $178,770 $179,720
2020 $8,463 $358,490 $178,770 $179,720
2019 $8,173 $358,490 $178,770 $179,720
2018 $8,632 $332,900 $193,160 $139,740
2017 $8,330 $332,900 $193,160 $139,740
2016 $8,469 $332,900 $193,160 $139,740
2015 $7,607 $332,900 $193,160 $139,740
2014 $8,336 $332,900 $193,160 $139,740
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170324592

SmartMLS

APN: NORW-000005-000032-000182