NOT LISTED FOR SALE

488 Steele Gap Rd Bridgewater, NJ 08807

Martinsville Neighborhood

Estimated Value: $959,000 - $1,073,000

4 Beds
3 Baths
2,972 Sq Ft
$342/Sq Ft Est. Value

Last Sold October 03, 2023

Last sale price $956,000 $322 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $6,975/month

11 Days on Market

About This Home

As of October 2023

This home is located at 488 Steele Gap Rd, Bridgewater, NJ 08807 since 10 August 2023 and is currently estimated at $1,017,801, approximately $342 per square foot. This property was built in 1975. 488 Steele Gap Rd is a home located in Somerset County with nearby schools including Adamsville Primary School, Bridgewater-Raritan Middle School, and Hillside Intermediate School.

Last Agent to Sell the Property

ROBERT INCAO

WEICHERT REALTORS Brokerage Phone: 908-526-5444 Listed on: 08/10/2023

Last Buyer's Agent

Dhruvenkumar Patel

COLDWELL BANKER REALTY

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,142

Year Built

  • Built in 1975

Lot Details

  • 1.05 Acre Lot

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,142

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Year Built: 1975
  • County Name: Somerset
  • Street Number Display: 488
  • I D: 5238557
  • Modified: 2024-10-04
  • Number Images: 1
  • Attribution Contact: 908-526-5444
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Bathrooms: 2.10

Lot Info

  • Lot Size: 138X330
  • Total Acres: 1.05

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2023
Closed on
Oct 2, 2023
Sold by
Hess Fredrick P and Hess Lisa M
Bought by
Patel Jayesh Bhupendra and Shetty Shloka Jayram
Seller's Agent
ROBERT INCAO
WEICHERT REALTORS
Buyer's Agent
Dhruvenkumar Patel
COLDWELL BANKER REALTY
List Price
$845,000
Sold Price
$956,000
Premium/Discount to List
$111,000
13.14%
Total Days on Market
11
Views
54
Current Estimated Value
$1,017,801

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,801
Avg. Annual Appreciation
3.80%
Original Mortgage
$764,800
Outstanding Balance
$753,448
Interest Rate
7.23%
Mortgage Type
New Conventional
Estimated Equity
$264,353

Purchase Details

Closed on
Jul 8, 2011
Sold by
Hess Frederick P
Bought by
Hess Frederick P and Long Lisa M

Purchase Details

Closed on
Jun 28, 2010
Sold by
Griffin Donna M
Bought by
Hess Frederick P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$508,000
Interest Rate
4.78%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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 Jayesh Bhupendra $956,000 None Listed On Document
Hess Frederick P -- None Available
Hess Frederick P $635,000 Fidelity Natl Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Jayesh Bhupendra $764,800
Previous Owner Long Lisa M $120,000
Previous Owner Hess Lisa M $500,500
Previous Owner Long Lisa M $50,000
Previous Owner Long Lisa M $478,000
Previous Owner Hess Frederick $506,000
Previous Owner Hess Frederick P $508,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2023 10/03/23 Sold $956,000 +13.1% $322 / Sq Ft
08/24/2023 08/24/23 Pending -- -- --
08/12/2023 08/12/23 For Sale $845,000 -- $284 / Sq Ft
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
2024 $15,142 $776,100 $321,800 $454,300
2023 $13,796 $695,000 $321,800 $373,200
2022 $13,215 $643,700 $321,800 $321,900
2021 $13,005 $625,100 $321,800 $303,300
2020 $13,004 $621,000 $321,800 $299,200
2019 $13,005 $614,900 $321,800 $293,100
2018 $12,844 $608,700 $321,800 $286,900
2017 $12,769 $604,600 $321,800 $282,800
2016 $12,561 $603,600 $321,800 $281,800
2015 $12,449 $598,500 $321,800 $276,700
2014 $12,057 $570,900 $321,800 $249,100
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2023

    ROBERT INCAO

    WEICHERT REALTORS

  • Dhruvenkumar Patel

    Buyer's Agent in 2023

    Dhruvenkumar Patel

    COLDWELL BANKER REALTY

    (215) 687-3244

    2 in this area

    43 Total Sales

    Dhruvenkumar Patel
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Map

Source: Garden State MLS

MLS Number: 3859207

Garden State MLS

APN: 06-00711-0000-00027

New Jersey Somerset County Bridgewater 08807 Martinsville

488 Steele Gap Rd, Bridgewater, NJ

This home is located at 488 Steele Gap Rd, Bridgewater, NJ 08807 since 10 August 2023 and is currently estimated at $1,017,801, approximately $342 per square foot. This property was built in 1975. 488 Steele Gap Rd is a home located in Somerset County with nearby schools including Adamsville Primary School, Bridgewater-Raritan Middle School, and Hillside Intermediate School.

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