NOT LISTED FOR SALE

5 Palm Ct Edison, NJ 08820

Estimated Value: $572,403 - $645,000

2 Beds
2.5 Baths
1,419 Sq Ft
$426/Sq Ft Est. Value

Last Sold December 27, 2023

Last sale price $490,000 $345 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,915/month

52 Days on Market

Highlights

  • Spa
  • Whirlpool Bathtub
  • Private Yard
  • Martin Luther King Elementary School Rated A
  • Granite Countertops
  • Cul-De-Sac

About This Home

As of December 2023

Presenting, a charming 2-bedroom, 2.5-bathroom townhouse nestled in the desirable neighborhood near Inman Avenue in Edison, NJ. This meticulously maintained property offers a perfect blend of modern convenience and classic appeal. As you step inside, you'll be greeted by an inviting living space with ample natural light, a cozy fireplace, and an open floor plan that seamlessly connects the living area to the dining room and Updated kitchen. The well-appointed kitchen features sleek appliances, plenty of counter space, and a breakfast bar, making it a fantastic hub for both cooking and entertaining. Upstairs, you'll find two generously sized bedrooms. The Master bedroom has an in-suite bathroom, while the main bathroom was recently renovated, and boasts a whirlpool type tub for relaxation. This townhouse also features a convenient half bath on the main level, a one-car garage, and a lovely outdoor patio, ideal for enjoying your morning coffee or hosting outdoor gatherings. With its proximity to Inman Avenue, you'll have easy access to shopping, dining, parks, and excellent schools, making this townhouse an ideal home for those seeking a comfortable and convenient lifestyle in the heart of Edison, NJ. Don't miss the opportunity to make this lovely townhouse your new home.

Last Agent to Sell the Property

PAUL HSU

SERHANT NEW JERSEY LLC Listed on: 11/04/2023

SERHANT NEW JERSEY LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,142

Year Built

  • Built in 1982

Lot Details

  • Lot Dimensions are 600.00 x 220.00
  • Cul-De-Sac
  • Street terminates at a dead end
  • Private Yard

Parking

  • 1 Car Attached Garage
  • Open Parking

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,419 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Screen For Fireplace
  • Combination Dining and Living Room
  • Carpet

Kitchen

  • Breakfast Bar
  • Gas Oven or Range
  • Recirculated Exhaust Fan
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Dressing Area
  • Primary Bathroom is a Full Bathroom
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Spa
  • Patio

Location

  • Borders State Land
  • Property is near shops

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Underground Utilities
  • Gas Water Heater
  • Cable TV Available

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include common area maintenance, maintenance structure, snow removal, trash, ground maintenance
  • Heatherwood Villas Subdivision
  • The community has rules related to vehicle restrictions

Pet Policy

  • No Pets Allowed

Building Details

  • Maintenance Expense $270

Security

  • Storm Screens
  • Storm Doors

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,142

Year Built

Built in 1982

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Townhouse,Condo/TH
  • Prop. Type: Residential
  • Lot Size: 600.00 x 220.00
  • Ownership: Condominium,Fee Simple
  • Subdivision Name: Heatherwood Villas
  • Architectural Style: Townhouse
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Property Attached Yn: No
  • Building Stories: 2
  • Structure Type: Townhouse
  • Year Built: 1982
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 2

Interior Features

  • Bedroom/Bathroom Features: Jacuzzi-Type
  • Dining Room Features: Living Dining Combo
  • Master Bedroom Features: Dressing Room, Full Bath
  • Room Kitchen Features: Granite/Corian Countertops, Breakfast Bar, Kitchen Exhaust Fan
  • Spa Features: Bath
  • Private Spa: Yes
  • Appliances: Dishwasher, Dryer, Gas Range/Oven, Exhaust Fan, Refrigerator, Washer, Kitchen Exhaust Fan, Gas Water Heater
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Fireplace Equipment, Fireplace Screen, Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet
  • Interior Amenities: Kitchen, Laundry Room, Bath Half, Living Room, Dining Room, 2 Bedrooms, Bath Full, Bath Main, None
  • Living Area: 1419
  • Stories: 2
  • Window Features: Screen/Storm Window

Exterior Features

  • Lot Features: Near Shopping, Backs to Park Land, Cul-De-Sac, Dead - End Street
  • Exterior Features: Curbs, Patio, Door(s)-Storm/Screen, Screen/Storm Window, Yard
  • Patio And Porch Features: Patio
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: 1 Car Width, Asphalt, Garage, Attached, Paved

Utilities

  • Gas Company: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Underground Utilities, Cable Connected, Electricity Connected, Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs
  • Senior Community: No
  • Association #2 Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: No

Fee Information

  • Association Fee Includes: Common Area Maintenance, Maintenance Structure, Snow Removal, Trash, Maintenance Grounds

Lot Info

  • Zoning: RBBT

Multi Family

  • Maintenance Expense: 270

Tax Info

  • Tax Annual Amount: 7142
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2023
Closed on
Dec 18, 2023
Sold by
Barber Victor
Bought by
Karunanithi Gopinath and Gopinath Malarvizhi
Seller's Agent
PAUL HSU
SERHANT NEW JERSEY LLC
List Price
$475,000
Sold Price
$490,000
Premium/Discount to List
$15,000
3.16%
Views
97
Current Estimated Value
$605,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,101
Avg. Annual Appreciation
10.31%
Original Mortgage
$240,000
Outstanding Balance
$227,847
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$347,719
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
Karunanithi Gopinath $490,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karunanithi Gopinath $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2023 12/27/23 Sold $490,000 +3.2% $345 / Sq Ft
11/04/2023 11/04/23 For Sale $475,000 -- $335 / Sq Ft
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 $7,413 $125,200 $65,000 $60,200
2023 $7,413 $125,200 $65,000 $60,200
2022 $7,416 $125,200 $65,000 $60,200
2021 $6,616 $125,200 $65,000 $60,200
2020 $7,323 $125,200 $65,000 $60,200
2019 $6,129 $125,200 $65,000 $60,200
2018 $6,217 $125,200 $65,000 $60,200
2017 $6,447 $125,200 $65,000 $60,200
2016 $6,330 $125,200 $65,000 $60,200
2015 $6,090 $125,200 $65,000 $60,200
2014 $5,917 $125,200 $65,000 $60,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2405079R

All Jersey MLS

APN: 05-00412-0000-00077-03