NOT LISTED FOR SALE

48 Park Gate Dr Edison, NJ 08820

Estimated Value: $641,000 - $668,095

3 Beds
2.5 Baths
1,578 Sq Ft
$416/Sq Ft Est. Value

Last Sold October 23, 2023

Last sale price $605,000 $383 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,393/month

120 Days on Market

Highlights

  • Private Pool
  • Property is near public transit and shops
  • Corner Lot
  • Woodbrook Elementary School Rated A
  • End Unit
  • Granite Countertops

About This Home

As of October 2023

Welcome to this immaculate east facing 3 bedroom unit in the desirable, gated, Park Gate community! This beauty features custom window treatments throughout and offers a bedroom on the ground floor, ideal for home office too!! The spacious living room features a wall to ceiling marble, natural gas fireplace!! The kitchen features a garden window perfect for plants and has been updated with granite countertop and ceramic covered stainless steel back splash. The patio off the kitchen has a stainless steel gas grill, perfect for the grilling outdoors. Upstairs features two ensuites with updated baths and walk in closets, second floor laundry room with newer washer and dryer. The 2 car garage is spacious and a perfect shelter from the snow. This house looks like its staged but this is how the owner lives!! No expense has been spared!! Park Gate community features a pool, tennis courts and playgrounds. Homes like this don't come by often, so don't miss it. Showings begin Saturday, 6/24

Last Agent to Sell the Property

Alka Aneja

ON TRACK REALTY Listed on: 06/24/2023

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $9,413

Year Built

  • Built in 1983

Lot Details

  • 1,769 Sq Ft Lot
  • End Unit

Parking

  • 2 Car Attached Garage
  • Side by Side Parking
  • Open Parking

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,578 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Insulated Windows
  • Blinds
  • Living Room
  • Formal Dining Room
  • Security Gate

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Recirculated Exhaust Fan
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom

Laundry

  • Laundry Room
  • Washer

Outdoor Features

  • Private Pool
  • Patio

Location

  • Property is near public transit and shops

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Underground Utilities
  • Gas Water Heater

Community Details

Overview

  • Association fees include snow removal, trash
  • Park Gate Condo Subdivision
  • The community has rules related to vehicle restrictions

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Pet Policy

  • Pets Allowed

Building Details

  • Maintenance Expense $390

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$9,413

Year Built

Built in 1983

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Townhouse,Condo/TH
  • Prop. Type: Residential
  • Lot Size Acres: 0.0406
  • Lot Size: 0.00 x 0.00
  • Ownership: Condominium
  • Subdivision Name: Park Gate Condo
  • Architectural Style: Townhouse, End Unit
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Property Attached Yn: No
  • Building Stories: 2
  • Structure Type: Townhouse
  • Year Built: 1983
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Dining Room Features: Formal Dining Room
  • Master Bedroom Features: Full Bath, Walk-In Closet(s)
  • Room Kitchen Features: Granite/Corian Countertops, Kitchen Exhaust Fan, Pantry, Eat-in Kitchen
  • Appliances: Dishwasher, Gas Range/Oven, Exhaust Fan, Refrigerator, Washer, Kitchen Exhaust Fan, Gas Water Heater
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile
  • Interior Amenities: Blinds, 1 Bedroom, Kitchen, Bath Half, Living Room, Dining Room, 2 Bedrooms, Laundry Room, Bath Main, Bath Other, None
  • Living Area: 1578
  • Stories: 2
  • Window Features: Insulated Windows, Blinds

Exterior Features

  • Lot Features: Near Shopping, Near Train, Corner Lot
  • Pool Features: Outdoor Pool
  • Exterior Features: Patio, Insulated Pane Windows
  • Patio And Porch Features: Patio
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: 2 Car Width, Garage, Attached

Utilities

  • Gas Company: Natural Gas
  • Security: Security Gate
  • Cooling: Central Air
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Outdoor Pool, Playground, Tennis Court(s)
  • Senior Community: No
  • Association #2 Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Snow Removal, Trash

Lot Info

  • Lot Size Sq Ft: 1769
  • Zoning: RBBT

Multi Family

  • Maintenance Expense: 390

Tax Info

  • Tax Annual Amount: 9413
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2023
Closed on
Oct 17, 2023
Sold by
Ibrahim Suzan M
Bought by
Verma Kuldeep and Verma Amrita
Seller's Agent
Alka Aneja
ON TRACK REALTY
List Price
$550,000
Sold Price
$605,000
Premium/Discount to List
$55,000
10%
Views
258
Current Estimated Value
$655,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,774
Avg. Annual Appreciation
3.65%
Original Mortgage
$544,500
Outstanding Balance
$531,911
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$123,863

Purchase Details

Closed on
Aug 30, 2001
Sold by
Merson Anatol
Bought by
Ibrahim Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,000
Interest Rate
6.99%

Purchase Details

Closed on
Jan 12, 1994
Sold by
D'Arcangelo Gilbert
Bought by
Merson Anatol and Ozerskaya Victoria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,000
Interest Rate
7.22%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Verma Kuldeep $605,000 Absolute Title
Verma Kuldeep $605,000 Absolute Title
Ibrahim Susan $274,000 --
Merson Anatol $187,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Verma Kuldeep $544,500
Closed Verma Kuldeep $544,500
Previous Owner Ibrahim Susan $219,000
Previous Owner Merson Anatol $141,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2023 10/23/23 Sold $605,000 +10.0% $383 / Sq Ft
06/24/2023 06/24/23 For Sale $550,000 -- $349 / Sq Ft
Source: All Jersey MLS

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 $10,942 $183,800 $70,000 $113,800
2024 $9,770 $183,800 $70,000 $113,800
2023 $9,770 $165,000 $70,000 $95,000
2022 $9,773 $165,000 $70,000 $95,000
2021 $9,377 $165,000 $70,000 $95,000
2020 $9,651 $165,000 $70,000 $95,000
2019 $8,923 $165,000 $70,000 $95,000
2018 $9,062 $165,000 $70,000 $95,000
2017 $8,499 $165,000 $70,000 $95,000
2016 $8,342 $165,000 $70,000 $95,000
2015 $8,026 $165,000 $70,000 $95,000
2014 $7,798 $165,000 $70,000 $95,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2313939R

All Jersey MLS

APN: 05-00593-0000-00053-0000-C0048