NOT LISTED FOR SALE

5 Phillip Dr Edison, NJ 08820

Estimated Value: $1,061,000 - $1,202,000

4 Beds
3 Baths
3,100 Sq Ft
$368/Sq Ft Est. Value

Last Sold June 06, 2023

Last sale price $920,000 $297 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $7,463/month

117 Days on Market

Highlights

  • 0.51 Acre Lot
  • Wood Flooring
  • Granite Countertops
  • Martin Luther King Elementary School Rated A
  • Sun or Florida Room
  • Formal Dining Room

About This Home

As of June 2023

Welcome home to this East-facing, spacious, full brick, ranch home measuring over 3100 sf of living space. Nestled on a .5 acre lot, the house is completely renovated to give a modern feel. Brand new kitchen with all new cabinets, new Refrigerator, Dishwasher, oven, microwave, countertop, island, all new basement starting from framing to walls, all 3 bathrooms renovated, brand new HVAC, modern floorings, better layout with added pantry, all electricals and hardwares updated, recessed lights added for modern look, completely professionally painted, hot water heater is brand new, hot water boiler (2007), updated electrical panel(2007), roof replaced (2009), full basement w/fireplace offers potential living space and an oversized 2 car garage for additional storage, double sided wood fireplace, cedar closet in master bedroom, large wrap around patio overlooking the huge yard, great for entertaining. Great schools systems, schools are MLK, JAMS, JP Stevens. Conveniently located to all major roadways, short distance to train stations, shopping, restaurants and retail stores. Home is being sold as-is.

Last Agent to Sell the Property

Qizhan Yao

REALMART REALTY LLC Listed on: 02/09/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,184

Year Built

  • Built in 1964

Lot Details

  • 0.51 Acre Lot
  • Lot Dimensions are 220.00 x 100.00
  • Level Lot
  • Property is zoned RA

Parking

  • 2 Car Attached Garage
  • Tandem Parking
  • Driveway
  • Open Parking

Home Design

  • Asphalt Roof

Interior Spaces

  • 3,100 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room
  • Formal Dining Room
  • Sun or Florida Room
  • Utility Room
  • Wood Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Exterior Basement Entry
  • Bedroom in Basement
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom

Outdoor Features

  • Patio
  • Porch

Utilities

  • Central Air
  • Heating Available
  • Gas Water Heater

Community Details

  • Mount Pleasant Manor Sec Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,184

Year Built

Built in 1964

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.5051
  • Lot Size: 220.00 x 100.00
  • Ownership: Fee Simple
  • Subdivision Name: Mount Pleasant Manor-Sec
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Property Attached Yn: No
  • Building Stories: 1
  • Year Built: 1964
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Dining Room Features: Formal Dining Room
  • Master Bedroom Features: Full Bath
  • Master Bedroom Master Bedroom Level: First
  • Room Kitchen Features: Granite/Corian Countertops, Breakfast Bar, Kitchen Island, Pantry, Separate Dining Area
  • Appliances: Dishwasher, Dryer, Gas Range/Oven, Microwave, Refrigerator, Washer, Kitchen Exhaust Fan, Gas Water Heater
  • Has Basement: Finished, Bath Full, Bedroom, Exterior Entry, Recreation Room, Interior Entry, Utility Room
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Wood
  • Interior Amenities: 3 Bedrooms, Kitchen, Living Room, Bath Main, Dining Room, Florida Room, Family Room, Additional Bath, Additional Bedroom, Other Room(s)
  • Living Area: 3100
  • Stories: 1

Exterior Features

  • Lot Features: Level
  • Patio And Porch Features: Porch, Patio
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: 3 Cars Deep, Garage, Attached, Driveway

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association #2 Fee Frequency: Monthly

Lot Info

  • Lot Size Sq Ft: 22002
  • Zoning: RA

Tax Info

  • Tax Annual Amount: 14184
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2023
Closed on
Jun 1, 2023
Sold by
Agrawal Swapnil Laxmichand and Agrawal Monica
Bought by
Paul Cyril and Paul Emerald
Seller's Agent
Qizhan Yao
REALMART REALTY LLC
List Price
$849,000
Sold Price
$920,000
Premium/Discount to List
$71,000
8.36%
Views
50
Current Estimated Value
$1,142,122

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$222,122
Avg. Annual Appreciation
8.64%
Original Mortgage
$756,000
Outstanding Balance
$735,932
Interest Rate
6.43%
Mortgage Type
New Conventional
Estimated Equity
$406,190

Purchase Details

Listed on
Jun 23, 2022
Closed on
Jul 29, 2022
Sold by
Mildred Servedio Living Trust
Bought by
Agrawal Swapnil Laxmichand and Agrawal Monica
Seller's Agent
Raymond Lee
BETTER HOMES&GARDENS RE MATURO
List Price
$595,000
Sold Price
$630,000
Premium/Discount to List
$35,000
5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
56.12%
Original Mortgage
$450,000
Interest Rate
5.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 5, 2018
Sold by
Servedio Mildred
Bought by
Servedio Mildred and The Mildred Serecio Living Tru
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Paul Cyril $920,000 Hilltop Title
Paul Cyril $920,000 Hilltop Title
Agrawal Swapnil Laxmichand $630,000 Vintage Title Services
Agrawal Swapnil Laxmichand $630,000 Vintage Title Services
Servedio Mildred -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paul Cyril $756,000
Closed Paul Cyril $756,000
Previous Owner Agrawal Swapnil Laxmichand $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/06/2023 06/06/23 Sold $920,000 +8.4% $297 / Sq Ft
02/09/2023 02/09/23 For Sale $849,000 +34.8% $274 / Sq Ft
07/29/2022 07/29/22 Sold $630,000 +5.9% $305 / Sq Ft View Prior Sale
06/26/2022 06/26/22 Off Market $595,000 -- --
06/23/2022 06/23/22 For Sale $595,000 -- $288 / 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
2025 $17,895 $300,600 $115,000 $185,600
2024 $14,429 $300,600 $115,000 $185,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2308460R

All Jersey MLS

APN: 05-00410-04-00024