NOT LISTED FOR SALE

49 Magellan Way Franklin Park, NJ 08823

Estimated Value: $743,000 - $758,436

3 Beds
2.5 Baths
-- Sq Ft
9,148 Sq Ft Lot

Last Sold November 30, 2020

Last sale price $470,000

Est. 59% increase in value since last sale

Current estimated payment $4,936/month

11 Days on Market

Highlights

  • Colonial Architecture
  • Cathedral Ceiling
  • Corner Lot
  • Atrium Room
  • Wood Flooring
  • Formal Dining Room

About This Home

As of November 2020

N.E. FACING HOME, CORNER LOT W/ADDITION! FOYER WITH NEWER HARDWOOD FLOORS THROUGHOUT ENTIRE FIRST FLOOR! 2002 ADDITION + COMPLETELY REMODELED KITCHEN WITH HIGH-END 42" CABINETS, GRANITE TOPS, CENTER ISLAND WITH PENDANT LIGHTING! EXPANDED KITCHEN & FAMILY ROOM, ANDERSON SLIDING GLASS DOOR TO STAMPED CONCRETE PATIO! OPEN FLOOR PLAN WITH PLENTY OF NATURAL LIGHTING! CATHEDRAL CEILING IN MASTER BEDROOM W/CALIFORNIA-STYLE WALK-IN CLOSET! SPACIOUS BEDROOM SIZES! UPDATED BATHROOMS! NEW ROOF IN 2018, NEW PORCH! NEWER GARAGE DOOR & OPENER! GREAT SOUGHT AFTER COMMUNITY! JUST BLOCKS FROM NYC BUS, CLOSE TO HOSPITALS, MAJOR HIGHWAYS & NEW BRUNSWICK TRAIN STATION! OPTION AVAILABLE TO PURCHASE MEMBERSHIP ANNUALLY TO JOIN THE NEIGHBORING ASSOCIATION'S POOL!

Last Agent to Sell the Property

Janice Gueren

RE/MAX DIAMOND REALTORS Listed on: 09/18/2020

RE/MAX DIAMOND REALTORS

Last Buyer's Agent

Janice Gueren

RE/MAX DIAMOND REALTORS Listed on: 09/18/2020

RE/MAX DIAMOND REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,799

Year Built

  • Built in 1990

Lot Details

  • 9,148 Sq Ft Lot
  • Corner Lot

HOA Fees

  • $18 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • On-Street Parking

Home Design

  • Colonial Architecture
  • Vinyl Siding
  • Tile

Interior Spaces

  • Cathedral Ceiling
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • Formal Dining Room
  • Atrium Room

Kitchen

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

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Soaking Tub
  • Separate Shower

Laundry

  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio
  • Porch

Schools

  • Franklin Elementary And Middle School
  • Franklin High School

Utilities

  • Forced Air Heating and Cooling System
  • One Cooling System Mounted To A Wall/Window
  • Underground Utilities
  • Gas Water Heater

Community Details

  • $250 Other One-Time Fees

Listing and Financial Details

  • Assessor Parcel Number 2708-00020-0005-00058-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,799

Year Built

Built in 1990

Lot Details

0

HOA Fees

$18 per month

Parking

1

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1990
  • Year Built Description: Approximate
  • County Name: Somerset
  • Exclusions: MASTER BEDROOM WINDOW TREATMENTS
  • Street Number Display: 49
  • Directions: RT. 27 OR AMWELL RD. TO SO. MIDDLEBUSH TO MAGELLAN
  • I D: 5016204
  • Modified: 2021-12-01
  • Number Images: 25
  • Section Subdiv Development: NOB HILL AT SOMERSET
  • First Name: JANICE E.
  • First Name3: JANICE E.
  • Last Name: GUEREN
  • Last Name3: GUEREN
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpeting, Tile, Wood
  • Fireplace Description: Family Room, Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Dishwasher, Disposal, Dryer, Kitchen Exhaust Fan, Range/Oven-Gas, Refrigerator, Washer
  • Interior Amenities: Carbon Monoxide Detector, Cathedral Ceiling, Fire Extinguisher, Smoke Detector, SoakTub, TubShowr, Walk-In Closet
  • Number Rooms: 7
  • Bedrooms: 3
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Primary Bathroom Features: Soaking Tub, Stall Shower
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Dim: 25x10
  • Kitchen Level: First
  • Living Room Dim: 17x12
  • Living Room Level: First
  • Level 3 Rooms: Atrium
  • Phone: 732-297-1100

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Curbs, Open Porch(es), Patio, Sidewalk
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage, Garage Door Opener
  • Number Garage Spaces: 1
  • Parking Driveway Description: 1 Car Width, Blacktop, On-Street Parking

Utilities

  • Cooling: 1 Unit, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: All Underground
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Association Maintenance Fee: 210
  • Association Maintenance Fee Frequency: Annually

Fee Information

  • Other Fee Freqency: One Time
  • Other Fees: 250

Schools

  • Elementary School: FRANKLIN
  • Middle School: FRANKLIN
  • High School: FRANKLIN
  • High School: FRANKLIN
  • Middle Jr High School: FRANKLIN

Lot Info

  • Lot Size: .21 ACRES
  • Assessed Improvement Value: 269400
  • Assessed Land Value: 169100
  • Assessment: 438500
  • Easement: Unknown
  • Lot Description: Corner
  • Lot Identifier: 58
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.21

Rental Info

  • Application Fee: 285
  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 9799
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2708-00020-0005-00058-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.232
  • Tax Rate Tax: *
  • Tax Rate Year: 2019
  • Tax Year Tax: *
  • Tax Year: 2019

MLS Schools

  • Grade School: FRANKLIN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2020
Closed on
Nov 20, 2020
Sold by
Bonura John J and Bonura Donna A
Bought by
Danak Mihir and Danak Falguni
Seller's Agent
Janice Gueren
RE/MAX DIAMOND REALTORS
Buyer's Agent
Janice Gueren
RE/MAX DIAMOND REALTORS
List Price
$475,000
Sold Price
$470,000
Premium/Discount to List
-$5,000
-1.05%
Current Estimated Value
$748,859

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$278,859
Avg. Annual Appreciation
10.15%
Original Mortgage
$376,000
Interest Rate
2.71%
Mortgage Type
New Conventional
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
Danak Mihir $470,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Danak Mihir $376,000
Previous Owner Bonura John J $100,224
Previous Owner Bonura John J $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2020 11/30/20 Sold $470,000 -1.1% --
09/29/2020 09/29/20 Pending -- -- --
09/18/2020 09/18/20 For Sale $475,000 -- --
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
2024 $10,430 $578,500 $309,100 $269,400
2023 $10,158 $528,500 $259,100 $269,400
2022 $10,110 $498,500 $229,100 $269,400
2021 $9,898 $448,500 $179,100 $269,400
2020 $9,906 $438,500 $169,100 $269,400
2019 $9,800 $428,500 $159,100 $269,400
2018 $9,402 $407,000 $139,100 $267,900
2017 $9,206 $397,000 $129,100 $267,900
2016 $9,169 $392,000 $124,100 $267,900
2015 $8,990 $387,000 $119,100 $267,900
2014 $8,715 $380,900 $118,100 $262,800
Source: Public Records

Agents Affiliated with this Home

  • Janice Gueren

    Seller's Agent in 2020

    Janice Gueren

    RE/MAX

    24 in this area

    36 Total Sales

    Janice Gueren
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3665173

Garden State MLS

APN: 08-00020-05-00058

New Jersey Somerset County Franklin Park 08823

49 Magellan Way, Franklin Park, NJ

This home is located at 49 Magellan Way, Franklin Park, NJ 08823 since 18 September 2020 and is currently estimated at $748,859. This property was built in 1990. 49 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.

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