$630,000
SOLD JUL 29, 2022

5 Phillip Dr Edison, NJ 08820

3 Beds
2 Baths
2,068 Sq Ft
0.51 Acres

Recently Sold

$305 Per Sq Ft

6% Above List Price

36 Days on Market

Highlights

  • 0.51 Acre Lot
  • Wood Flooring
  • Formal Dining Room
  • Martin Luther King Elementary School Rated A
  • 2 Fireplaces
  • Eat-In Galley Kitchen

About This Home

As of June 2023

Welcome home to this East-facing, spacious, full brick, ranch home measuring over 2000 sf of single floor living. Nestled on a .5 acre lot, this home offers lots of potential for it's next owner. Build your dream home here, add a level or keep the existing home and renovate - many opportunities here. Hardwood floors under carpet, 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 hallway and 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

Raymond Lee

BETTER HOMES&GARDENS RE MATURO Listed on: 06/23/2022

BETTER HOMES&GARDENS RE MATURO

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,385

Year Built

  • Built in 1964

Lot Details

  • 0.51 Acre Lot
  • Interior Lot
  • Property is zoned RA

Parking

  • 2 Car Attached Garage
  • Oversized Parking
  • Open Parking

Home Design

  • Asphalt Roof

Interior Spaces

  • 2,068 Sq Ft Home
  • 1-Story Property
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Utility Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Galley Kitchen
  • Gas Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Hot Water Baseboard Heater
  • Gas Water Heater

Community Details

  • North Edison Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,385

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: 0.00 x 0.00
  • Ownership: Fee Simple
  • Subdivision Name: North Edison
  • 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: Living Dining Combo
  • Room Kitchen Features: Eat-in Kitchen, Separate Dining Area, Galley Type
  • Appliances: Dishwasher, Dryer, Gas Range/Oven, Refrigerator, Washer, Gas Water Heater
  • Has Basement: Full, Utility Room
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Carpet, Wood
  • Interior Amenities: Entrance Foyer, 3 Bedrooms, Kitchen, Living Room, Bath Main, Dining Room, Family Room
  • Living Area: 2068
  • Stories: 1

Exterior Features

  • Lot Features: Interior Lot
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Asphalt, Garage, Attached, Built-In Garage, Oversized, See Remarks

Utilities

  • Gas Company: Natural Gas
  • Cooling: Central Air
  • Heating: Baseboard Hotwater
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, See Remarks, 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: 14385
  • Tax Year: 2021

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
Jack 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
$1,029,801

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,801
Avg. Annual Appreciation
5.99%
Original Mortgage
$756,000
Outstanding Balance
$739,870
Interest Rate
6.43%
Mortgage Type
New Conventional
Estimated Equity
$303,353

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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $920,000 Hilltop Title
Deed $630,000 Vintage Title Services
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $756,000 New Conventional
Previous Owner $450,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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
2024 $14,429 $300,600 $115,000 $185,600
2023 $14,429 $243,700 $115,000 $128,700
2022 $14,184 $243,700 $115,000 $128,700
2021 $14,136 $243,700 $115,000 $128,700
2020 $13,996 $243,700 $115,000 $128,700
2019 $12,004 $243,700 $115,000 $128,700
2018 $12,470 $243,700 $115,000 $128,700
2017 $11,901 $243,700 $115,000 $128,700
2016 $12,858 $243,700 $115,000 $128,700
2015 $12,115 $243,700 $115,000 $128,700
2014 $11,755 $243,700 $115,000 $128,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2216224R

All Jersey MLS

APN: 05-00410-04-00024