NOT LISTED FOR SALE

45 Magellan Way Franklin Park, NJ 08823

Estimated Value: $599,000 - $721,000

3 Beds
3 Baths
-- Sq Ft
5,663 Sq Ft Lot

Last Sold September 29, 2014

Last sale price $348,000

Est. 87% increase in value since last sale

Current estimated payment $4,168/month

About This Home

As of September 2014

This home is located at 45 Magellan Way, Franklin Park, NJ 08823 since 29 September 2014 and is currently estimated at $651,616. This property was built in 1990. 45 Magellan Way is a home located in Somerset County with nearby schools including Franklin High School, St. Augustine of Canterbury School, and Guidepost Montessori at Kendall Park.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1990

Lot Details

  • 5,663

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Year Built: 1990
  • County Name: Somerset
  • I D: 4444598
  • Attribution Contact: 732-297-7171
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Bathrooms: 2.10

Lot Info

  • Lot Size: .13 ACRES

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2014
Closed on
Sep 24, 2014
Sold by
Pallati Sai Prasad and Pallati Pallavi
Bought by
Patel Hirenkumar N and Patel Khushbu D
Sold Price
$348,000
Current Estimated Value
$651,616

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$303,616
Avg. Annual Appreciation
5.76%
Original Mortgage
$313,000
Outstanding Balance
$239,356
Interest Rate
4.11%
Mortgage Type
New Conventional
Estimated Equity
$412,260

Purchase Details

Closed on
May 21, 2002
Sold by
Relocation Resource
Bought by
Prasad Pallette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
6.8%

Purchase Details

Closed on
Mar 22, 2002
Sold by
Lelicoff Nancy
Bought by
Relocation Resources

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
6.8%

Purchase Details

Closed on
Oct 14, 1994
Sold by
Farazdel Abbas
Bought by
Lelicoff Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
8.49%

Purchase Details

Closed on
Apr 3, 1992
Sold by
K Hovnanian At Somerset Vii Inc
Bought by
Farazdel Abbas and Farazdel Raymond,Susan
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Patel Hirenkumar N $348,000 Direct Title & Closing Agenc
Prasad Pallette $265,000 --
Relocation Resources $265,000 --
Lelicoff Nancy $179,900 --
Farazdel Abbas $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Hirenkumar N $313,000
Previous Owner Prasad Pallette $212,000
Previous Owner Lelicoff Nancy $144,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2014 09/29/14 Sold $348,000 -- --
Source: Garden State 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
2025 $8,878 $554,600 $305,700 $248,900
2024 $8,878 $492,400 $305,700 $186,700
2023 $8,503 $442,400 $255,700 $186,700
2022 $8,363 $412,400 $225,700 $186,700
2021 $7,998 $362,400 $175,700 $186,700
2020 $7,961 $352,400 $165,700 $186,700
2019 $7,831 $342,400 $155,700 $186,700
2018 $7,475 $323,600 $135,700 $187,900
2017 $7,272 $313,600 $125,700 $187,900
2016 $7,218 $308,600 $120,700 $187,900
2015 $7,053 $303,600 $115,700 $187,900
2014 -- $302,200 $114,700 $187,500
Source: Public Records

Map

Source: Garden State MLS

MLS Number: 3138560

Garden State MLS

APN: 08-00020-05-00056

New Jersey Somerset County Franklin Park 08823

45 Magellan Way, Franklin Park, NJ

Not Listed for Sale

Detached

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