NOT LISTED FOR SALE

5 Magellan Way Franklin Park, NJ 08823

Franklin Park Neighborhood

Estimated Value: $716,000 - $810,000

3 Beds
3 Baths
-- Sq Ft
5,663 Sq Ft Lot

Last Sold November 09, 2012

Last sale price $405,000

Est. 87% increase in value since last sale

Current estimated payment $4,895/month

About This Home

As of November 2012

This home is located at 5 Magellan Way, Franklin Park, NJ 08823 since 09 November 2012 and is currently estimated at $758,559. This property was built in 1990. 5 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.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,436

Year Built

  • 1990

Lot Details

  • 5,663 Sq Ft Lot

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,436

Year Built

1990

Lot Details

0

Listing Details

  • County Name: Somerset
  • Street Number Display: 5
  • I D: 4240440
  • Modified: 2013-11-10
  • Number Images: 0
  • Attribution Contact: 732-240-1228
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1990

Interior Features

  • Bedrooms: 3
  • Bathrooms: 2.10

Lot Info

  • Lot Size: .13 ACRES
  • Total Acres: 0.13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2024
Sold by
Fernandez Jose R
Bought by
Irizarry-Barreto Patricia
Total Days on Market
0
Current Estimated Value
$758,559

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Outstanding Balance
$278,397
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$479,972

Purchase Details

Listed on
Nov 9, 2012
Closed on
Nov 9, 2012
Sold by
Shen Eric and Shen Krisha
Bought by
Fernandez Jose R and Irizarry Barreto Patricia
Sold Price
$405,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.15%
Original Mortgage
$369,493
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 22, 2005
Sold by
Fraser William J
Bought by
Shen Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
5.79%

Purchase Details

Closed on
Jul 13, 2001
Sold by
Leslie Diane
Bought by
Fraser William and Taylor Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.18%

Purchase Details

Closed on
Jul 31, 1997
Sold by
Leo Victorio
Bought by
Leslie Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,000
Interest Rate
7.55%

Purchase Details

Closed on
Feb 26, 1992
Sold by
K Hovnanian At Somerset Vii Inc
Bought by
Victorio Maria C and Victorio Leo G

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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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
Irizarry-Barreto Patricia -- None Listed On Document
Fernandez Jose R $405,000 Fidelity National Title Ins
Shen Eric $485,000 --
Fraser William $300,000 --
Leslie Diane $197,500 --
Victorio Maria C $200,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Irizarry-Barreto Patricia $280,000
Previous Owner Fernandez Jose R $369,493
Previous Owner Shen Eric $388,000
Previous Owner Fraser William J $270,198
Previous Owner Fraser William $240,000
Previous Owner Leslie Diane $158,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2012 11/09/12 Sold $405,000 -- --
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 $10,436 $578,800 $305,700 $273,100
2023 $10,164 $528,800 $255,700 $273,100
2022 $10,116 $498,800 $225,700 $273,100
2021 $9,905 $448,800 $175,700 $273,100
2020 $9,912 $438,800 $165,700 $273,100
2019 $9,807 $428,800 $155,700 $273,100
2018 $9,404 $407,100 $135,700 $271,400
2017 $9,209 $397,100 $125,700 $271,400
2016 $9,171 $392,100 $120,700 $271,400
2015 $8,992 $387,100 $115,700 $271,400
2014 $8,942 $390,800 $114,700 $276,100
Source: Public Records

Map

Source: Garden State MLS

MLS Number: 2947647

Garden State MLS

APN: 08-00020-05-00003

New Jersey Somerset County Franklin Park 08823 Franklin Park

5 Magellan Way, Franklin Park, NJ

Homes for Sale in Franklin Park, NJ

This home is located at 5 Magellan Way, Franklin Park, NJ 08823 since 09 November 2012 and is currently estimated at $758,559. This property was built in 1990. 5 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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