NOT LISTED FOR SALE

5 Drake Ct Milford, NJ 08848

Estimated Value: $653,000 - $753,000

5 Beds
3.5 Baths
2,501 Sq Ft
$286/Sq Ft Est. Value

Last Sold June 24, 2016

Last sale price $440,000 $176 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $5,046/month

62 Days on Market

Highlights

  • Colonial Architecture
  • Wooded Lot
  • Wood Flooring
  • Deck
  • Cathedral Ceiling
  • Main Floor Bedroom

About This Home

As of June 2016

Colonial home located on Cul-de-Sac w/CITY UTILITIES! New mstrbdrm suite addition on 1st flr. Professionally finished great room in basement w/walkout. Updated kitchen w/granite isle, open flr plan. Easy access to schools and major highway. Familyroom offers dramatic cathedral ceiling w/floor to ceiling brick fireplace w/pellet stove insert. Deck off new 1st floor master & dual level deck off kitchen and familyroom.

Last Agent to Sell the Property

MICHAEL A. SARNO

COLDWELL BANKER REALTY Listed on: 02/17/2016

Last Buyer's Agent

DANA STEM

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,500

Year Built

  • Built in 1989

Lot Details

  • 1.01 Acre Lot
  • Cul-De-Sac
  • Wooded Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Stone Driveway
  • Additional Parking
  • On-Street Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Vinyl Siding
  • Tile

Interior Spaces

  • Cathedral Ceiling
  • Ceiling Fan
  • Thermal Windows
  • Window Treatments
  • Entrance Foyer
  • Family Room with Fireplace
  • Great Room
  • Living Room
  • Formal Dining Room
  • Home Office
  • Storage Room
  • Laundry Room
  • Utility Room
  • Attic

Kitchen

  • Eat-In Country Kitchen
  • Butlers Pantry
  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Dressing Area
  • Powder Room
  • Separate Shower

Finished Basement

  • Walk-Out Basement
  • Exterior Basement Entry

Home Security

  • Storm Doors
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Deck
  • Storage Shed

Schools

  • Holland Elementary And Middle School
  • Del.Valley High School

Utilities

  • Forced Air Heating and Cooling System
  • Two Cooling Systems Mounted To A Wall/Window
  • Multiple Heating Units
  • Pellet Stove burns compressed wood to generate heat
  • Underground Utilities
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1915-00010-0000-00001-0034-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,500

Year Built

Built in 1989

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1989
  • Year Built Description: Approximate
  • County Name: Hunterdon
  • Easements Description: drainage
  • Renovated Year: 2015
  • Street Number Display: 5
  • Directions: 78 to exit 11 to Route 614W to Route 519N to left on Anderson to left on Drake to #5 on right
  • I D: 4599611
  • Modified: 2021-09-23
  • Number Images: 25
  • Section Subdiv Development: Windmill Estates
  • First Name: MICHAEL A.
  • First Name3: DANA
  • Last Name: SARNO
  • Last Name3: STEM
  • Office Phone: 908-284-5277
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2015

Interior Features

  • Flooring: Carpeting, Tile, Vinyl-Linoleum, Wood
  • Fireplace Description: Pellet Stove, Family Room
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Range/Oven-Gas, CookGas, Dishwasher, Microwave Oven
  • Interior Amenities: Cathedral Ceiling, Fire Extinguisher, High Ceilings, Smoke Detector, Window Treatments, Carbon Monoxide Detector, Walk-In Closet
  • Number Rooms: 11
  • Bedrooms: 5
  • Master Bedroom Desc: 1st Floor, Dressing Room, Full Bath, Walk-In Closet
  • Bedroom 1 Level: First
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Unfinished, Walkout, Finished
  • Basement Level Rooms: Utility Room, Great Room, Laundry Room, Walkout, Storage Room, Outside Entrance
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Center Island, Separate Dining Area, Country Kitchen, Pantry, Eat-In Kitchen
  • Kitchen Dim: 14x24
  • Kitchen Level: First
  • Living Room Dim: 12x18
  • Living Room Level: First
  • Other Room 1: Bedroom
  • Other Room1 Dim: 11x12
  • Other Room1 Level: Second
  • Other Room 2: Bedroom/Office
  • Other Room2 Dim: 14x18
  • Other Room2 Level: Second
  • Other Room 3: Great Room
  • Other Room3 Dim: 24x40
  • Other Room3 Level: Basement
  • Level 1 Rooms: 1 Bedroom, Foyer, Living Room, Pantry, Family Room, Kitchen, Bath(s) Other, Dining Room, Powder Room
  • Level 2 Rooms: Office, Bath Main, 4 Or More Bedrooms, Bath(s) Other
  • Level 3 Rooms: Attic
  • Phone: 908-782-6850

Exterior Features

  • Exterior Description: Brick, Vinyl Siding
  • Exterior Features: Deck, Storage Shed, Thermal Windows/Doors, Storm Door(s), Curbs
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Garage Door Opener, Attached Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 6
  • Parking Driveway Description: 1 Car Width, Additional Parking, Crushed Stone, Blacktop, On-Street Parking

Utilities

  • Cooling: Ceiling Fan, 2 Units, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 2 Units, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: All Underground, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • Elementary School: HOLLAND
  • Middle School: HOLLAND
  • High School: DEL.VALLEY
  • High School: DEL.VALLEY
  • Middle Jr High School: HOLLAND

Lot Info

  • Lot Size: 1.01
  • Assessed Improvement Value: 312600
  • Assessed Land Value: 58500
  • Assessment: 371100
  • Easement: Yes
  • Lot Description: Cul-De-Sac, Wooded Lot
  • Lot Identifier: 1.34
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 1.01
  • Zoning: res

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 9500
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1915-00010-0000-00001-0034-
  • Tax Rate Amount: 2.560
  • Tax Rate Tax: *
  • Tax Rate Year: 2015
  • Tax Year Tax: *
  • Tax Year: 2015

MLS Schools

  • Grade School: HOLLAND

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 24, 2021
Sold by
Panicaro Michael J and Panicaro Laura V
Bought by
Panicaro Michael J
Current Estimated Value
$714,391

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,150
Outstanding Balance
$372,153
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$342,238

Purchase Details

Listed on
Feb 17, 2016
Closed on
Jun 23, 2016
Sold by
Magos Marybeth
Bought by
Panicaro Michael J and Panicaro Laura
Seller's Agent
MICHAEL A. SARNO
COLDWELL BANKER REALTY
Buyer's Agent
DANA STEM
COLDWELL BANKER REALTY
List Price
$459,000
Sold Price
$440,000
Premium/Discount to List
-$19,000
-4.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.42%
Original Mortgage
$432,030
Interest Rate
3.99%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 28, 2008
Sold by
Joseph Clyde L and Joseph Michele D
Bought by
Magos Mary Beth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 18, 1997
Sold by
Cane Laurence E
Bought by
Joseph Clyde L and Joseph Michele D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
7.79%

Purchase Details

Closed on
Apr 13, 1989
Sold by
Olde Windmill Runne Associates Lp
Bought by
Caine Laurence E and Caine Deborah K
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
Panicaro Michael J -- Westcor Land Title
Panicaro Michael J $440,000 Kenworth Title Llc
Magos Mary Beth $515,000 None Available
Joseph Clyde L $251,000 --
Caine Laurence E $280,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Panicaro Michael J $100,000
Open Panicaro Michael J $415,150
Previous Owner Panicaro Michaelj $408,932
Previous Owner Panicaro Michael J $429,179
Previous Owner Panicaro Michael J $432,030
Previous Owner Magos Marybeth $289,000
Previous Owner Magos Marybeth $292,000
Previous Owner Magos Marybeth $192,000
Previous Owner Magos Mary Beth $206,214
Previous Owner Magos Mary Beth $250,000
Previous Owner Joseph Clyde J $160,000
Previous Owner Joseph Clyde L $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2016 06/24/16 Sold $440,000 -4.1% $176 / Sq Ft
04/19/2016 04/19/16 Pending -- -- --
02/17/2016 02/17/16 For Sale $459,000 -- $184 / 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
2025 $13,929 $429,900 $58,500 $371,400
2024 $13,469 $429,900 $58,500 $371,400
2023 $13,469 $429,900 $58,500 $371,400
2022 $13,142 $429,900 $58,500 $371,400
2021 $11,724 $429,900 $58,500 $371,400
2020 $12,317 $429,900 $58,500 $371,400
2019 $11,724 $428,200 $58,500 $369,700
2018 $11,213 $425,700 $58,500 $367,200
2017 $11,298 $425,700 $58,500 $367,200
2016 $9,604 $371,100 $58,500 $312,600
2015 $9,500 $371,100 $58,500 $312,600
2014 $9,162 $371,100 $58,500 $312,600
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    MICHAEL A. SARNO

    COLDWELL BANKER REALTY

  • D

    Buyer's Agent in 2016

    DANA STEM

    COLDWELL BANKER REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3282797

Garden State MLS

APN: 15-00010-0000-00001-34

New Jersey Hunterdon County Milford 08848

5 Drake Ct, Milford, NJ

This home is located at 5 Drake Ct, Milford, NJ 08848 since 17 February 2016 and is currently estimated at $714,391, approximately $285 per square foot. This property was built in 1989. 5 Drake Ct is a home located in Hunterdon County with nearby schools including Holland Township Elementary School and Delaware Valley Regional High School.

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