$209,945 - $263,000
RENTED JUL 15, 2025

5 Lake Ave Unit 7B East Brunswick, NJ 08816

1 Bed
1 Bath
953 Sq Ft
1970 Built

Last Sold May 07, 2025

Last sale price $255,000 $268 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $1,641/month

Highlights

  • Custom Home
  • Dual Staircase
  • Main Floor Primary Bedroom
  • Lawrence Brook Elementary School Rated A-
  • Deck
  • Granite Countertops

About This Home

As of July 2025

Renovated and freshly painted condo in the heart of East Brunswick, 953 sq.ft., 1 bedroom, 1 bath, new kitchen, generous size living room / dining room, new carpets, new wall air conditioners, balcony, new stove, dishwasher and refrigerator. 1 Level on the 2nd Floor, this top-floor unit is move-in ready. Enjoy easy access to NYC and local transportation, making commuting a breeze. The unit includes one assigned parking spot plus open parking for a second car and guests. Laundry facilities are conveniently located in assigned buildings within the development. Rent includes water and heat. Tenant pays electricity and cable. Close to Rt. 18, NJTP, NJ Transit and shopping.

Last Agent to Rent the Property

Helen Kolton

FORMULA REALTY, LLC Listed on: 05/08/2025

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,297

Year Built

  • Built in 1970

Home Design

  • Custom Home

Interior Spaces

  • 953 Sq Ft Home
  • 1-Story Property
  • Dual Staircase
  • Family Room
  • Combination Dining and Living Room

Kitchen

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

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Home Security

Parking

  • 1 Detached Carport Space
  • Paved Parking
  • On-Street Parking
  • Open Parking
  • Assigned Parking

Utilities

  • Radiant Heating System
  • Baseboard Heating
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Deck
  • Sprinkler System
  • Property is near shops

Listing and Financial Details

  • Tenant pays for cable TV, electricity

Community Details

Overview

  • Association fees include water, heat
  • Lake Estates Subdivision

Pet Policy

  • No Pets Allowed

Security

  • Fire and Smoke Detector

Condo Details

Home Type

Condominium

Est. Annual Taxes

$4,297

Year Built

Built in 1970

Lot Details

0

Rental Info

  • Lease Term: 12 Months,2(+) Year Lease
  • Tenant Pays: Cable TV, Electricity

Listing Details

  • Property Sub Type: Condo/TH
  • Prop. Type: Residential Lease
  • Lot Size: 0.00 x 0.00
  • Subdivision Name: Lake Estates
  • Architectural Style: Custom Home
  • Carport Y N: Yes
  • Garage Yn: No
  • Unit Levels: One
  • Property Attached Yn: No
  • Building Stories: 1
  • Structure Type: Custom Home
  • Year Built: 1970
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Dining Room Features: Living Dining Combo
  • Master Bedroom Features: 1st Floor, Full Bath
  • Master Bedroom Master Bedroom Level: First
  • Room Kitchen Features: Granite/Corian Countertops, Kitchen Exhaust Fan, Pantry, Eat-in Kitchen
  • Appliances: Dishwasher, Gas Range/Oven, Refrigerator, Range, Stove/Oven, Microwave Oven, Gas Water Heater
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace: No
  • Interior Amenities: 2nd Stairway to 2nd Level, 1 Bedroom, Kitchen, Living Room, Bath Full, Dining Room, Family Room, None
  • Living Area: 953
  • Stories: 1

Exterior Features

  • Lot Features: Near Shopping, See Remarks, Level
  • Pool Features: None
  • Exterior Features: Lawn Sprinklers, Deck, See Remarks
  • Patio And Porch Features: Deck

Garage/Parking

  • Carport Spaces: 1
  • Covered Parking Spaces: 1
  • Open Parking: Yes
  • Parking Features: Detached Carport, See Remarks, On Street, Open, Paved, Assigned

Utilities

  • Gas Company: Natural Gas
  • Security: Smoke Detector(s)
  • Heating: Baseboard, Radiant
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • HOA Rent Includes: Water, Heat
  • Association #2 Fee Frequency: Monthly
  • Pets Allowed: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2025
Closed on
Apr 30, 2025
Sold by
Stephenson Lindsy M
Bought by
Chaudhry Faisal
Seller's Agent
JOHN DELGALDO
KELLER WILLIAMS CORNERSTONE
List Price
$239,900
Sold Price
$255,000
Premium/Discount to List
$15,100
6.29%
Views
54
Current Estimated Value
$234,373

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$20,627
Avg. Annual Appreciation
-19.24%
Original Mortgage
$135,000
Outstanding Balance
$134,640
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
$107,096

Purchase Details

Closed on
May 4, 2006
Sold by
Chin Wai
Bought by
Stephenson Lindsy
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
Chaudhry Faisal $255,000 Evident Title Agency
Chaudhry Faisal $255,000 Evident Title Agency
Stephenson Lindsy $65,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chaudhry Faisal $135,000
Closed Chaudhry Faisal $135,000
Previous Owner Stephenson Lindsy $62,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2025 07/15/25 Rented $2,000 0.0% --
05/08/2025 05/08/25 For Rent $2,000 0.0% --
05/07/2025 05/07/25 Sold $255,000 +6.3% --
03/10/2025 03/10/25 For Sale $239,900 -- --
Source: All Jersey 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 $4,297 $36,800 $15,000 $21,800
2023 $4,297 $36,800 $15,000 $21,800
2022 $4,282 $36,800 $15,000 $21,800
2021 $4,160 $36,800 $15,000 $21,800
2020 $4,154 $36,800 $15,000 $21,800
2019 $4,111 $36,800 $15,000 $21,800
2018 $4,037 $36,800 $15,000 $21,800
2017 $3,971 $36,800 $15,000 $21,800
2016 $3,889 $36,800 $15,000 $21,800
2015 $3,791 $36,800 $15,000 $21,800
2014 $3,710 $36,800 $15,000 $21,800
Source: Public Records

Agents Affiliated with this Home

  • H

    Landlord's Agent in 2025

    Helen Kolton

    FORMULA REALTY, LLC

    (732) 210-2358

    23 Total Sales

    Section Image
  • JOHN DELGALDO

    Seller's Agent in 2025

    JOHN DELGALDO

    KELLER WILLIAMS CORNERSTONE

    (732) 814-0146

    1 in this area

    40 Total Sales

    Section Image
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Map

Source: All Jersey MLS

MLS Number: 2512370R

All Jersey MLS

APN: 04-00026-02-00002-0000-C0513

New Jersey Middlesex County East Brunswick 08816

5 Lake Ave Unit 7B, East Brunswick, NJ

This home is located at 5 Lake Ave Unit 7B, East Brunswick, NJ 08816 since 08 May 2025 and is currently priced at $241,736. This property was built in 1970. 5 Lake Ave Unit 7B is a home located in Middlesex County with nearby schools including Lawrence Brook Elementary School, Memorial Elementary School, and Churchill Junior High School.

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