NOT LISTED FOR SALE

5 Somerset Ave Unit 1 Chatham, NJ 07928

Estimated Value: $1,219,000 - $1,510,000

3 Beds
2.5 Baths
-- Sq Ft
8,712 Sq Ft Lot

Last Sold June 25, 2020

Last sale price $1,039,000

Est. 36% increase in value since last sale

Current estimated payment $8,932/month

11 Days on Market

Highlights

  • Colonial Architecture
  • Recreation Room
  • Attic
  • Chatham High School Rated A+
  • Wood Flooring
  • High Ceiling

About This Home

As of June 2020

Gorgeous center hall Colonial in Lafayette Section, a few short blocks to train & schools. Bright & light, beautifully updated and meticulously maintained. Very spacious and charming! Move right in! Open floor plan features eat-in kitchen & adjoining family room with floor-to-ceiling windows overlooking rear yard w/ spectacular stone patio. Kitchen with vaulted ceiling + 3 skylights, SS appliances, granite counters & center island that seats four. Living room with ample seating and gas fireplace. All bathrooms recently renovated, including brand new master bath. Finished basement with rec room. Recent updates include HVAC, tankless water heater, generator hook-up, new fence. Take a walk through this neighborhood and you will fall in love!

Last Agent to Sell the Property

KATHLEEN FRIDAY

PROMINENT PROPERTIES SIR Listed on: 02/24/2020

Last Buyer's Agent

Steven Barisonek

TURPIN REAL ESTATE, INC.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,719

Year Built

  • Built in 1941 | Remodeled

Lot Details

  • 8,712 Sq Ft Lot
  • Level Lot
  • Sprinkler System

Parking

  • 1 Car Attached Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Stone Siding
  • Vinyl Siding
  • Tile

Interior Spaces

  • Sound System
  • High Ceiling
  • Skylights
  • Gas Fireplace
  • Thermal Windows
  • Shades
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Recreation Room
  • Storage Room
  • Utility Room
  • Attic

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Butlers Pantry
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Sump Pump
  • French Drain

Home Security

  • Storm Doors
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio

Schools

  • Washington Elementary School
  • Chatham Middle School
  • Chatham High School

Utilities

  • Forced Air Heating and Cooling System
  • One Cooling System Mounted To A Wall/Window
  • Standard Electricity
  • Generator Hookup
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2304-00022-0000-00015-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,719

Year Built

Built in 1941 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1941
  • Year Built Description: Approximate, Renovated
  • County Name: Morris
  • Exclusions: All TVs, all work out equipment
  • Renovated Year: 2017
  • Street Number Display: 5
  • Directions: Main St to Lafayette, Right on Meadwbrook, Right on Somerset. Home on right.
  • I D: 4962582
  • Modified: 2021-09-23
  • Number Images: 22
  • Section Subdiv Development: Lafayette Section
  • First Name: KATHLEEN
  • First Name3: STEVEN
  • Last Name: FRIDAY
  • Last Name3: BARISONEK
  • Office Phone: 973-376-0033
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2017

Interior Features

  • Flooring: Stone, Tile, Wood
  • Floor Number: 2
  • Fireplace Description: Gas Fireplace, Living Room
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Dishwasher, Disposal, Dryer, Generator-Hookup, Kitchen Exhaust Fan, Microwave Oven, Range/Oven-Gas, Refrigerator, Self Cleaning Oven, Sump Pump, Washer, WineRefr
  • Interior Amenities: Carbon Monoxide Detector, Fire Extinguisher, High Ceilings, Shades, Skylight, Smoke Detector, StallShw, Stereo System, TubShowr, Walk-In Closet
  • Number Rooms: 8
  • Bedrooms: 3
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished, French Drain
  • Basement Level Rooms: Laundry Room, Rec Room, Storage Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Breakfast Bar, Center Island, Eat-In Kitchen, Pantry
  • Kitchen Dim: 16x19
  • Kitchen Level: First
  • Living Room Dim: 13x23
  • Living Room Level: First
  • Other Room 1: Rec Room
  • Other Room1 Dim: 15x21
  • Other Room1 Level: Basement
  • Other Room 2: Foyer
  • Other Room2 Dim: 7x13
  • Other Room2 Level: First
  • Level 1 Rooms: Dining Room, Family Room, Foyer, Kitchen, Living Room, Pantry, Powder Room
  • Level 2 Rooms: 3 Bedrooms, Bath Main, Bath(s) Other
  • Level 3 Rooms: Attic
  • Phone: 908-273-2991

Exterior Features

  • Exterior Description: Stone, Vinyl Siding
  • Exterior Features: Patio, Storm Door(s), Thermal Windows/Doors, Underground Lawn Sprinkler, FencVnyl
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage, Garage Door Opener, Loft Storage
  • Number Garage Spaces: 1
  • Number Parking Spaces: 2
  • Parking Driveway Description: 1 Car Width, Blacktop

Utilities

  • Cooling: 1 Unit, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air, Humidifr
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • Elementary School: Washington
  • Middle School: Chatham
  • High School: Chatham
  • High School: Chatham
  • Middle Jr High School: Chatham

Lot Info

  • Lot Size: 67X129
  • Assessed Improvement Value: 292600
  • Assessed Land Value: 549600
  • Assessment: 842200
  • Lot Description: Level Lot
  • Lot Identifier: 15
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.20
  • Zoning: Residential

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 17719
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2304-00022-0000-00015-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.104
  • Tax Rate Tax: *
  • Tax Rate Year: 2019
  • Tax Year Tax: *
  • Tax Year: 2019

MLS Schools

  • Grade School: Washington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2020
Closed on
Jun 25, 2020
Sold by
Maurer Matthew M and Maurer Marisa
Bought by
Flood Brian P and Flood Christine
Seller's Agent
KATHLEEN FRIDAY
PROMINENT PROPERTIES SIR
Buyer's Agent
Steven Barisonek
TURPIN REAL ESTATE, INC.
List Price
$1,039,000
Sold Price
$1,039,000
Current Estimated Value
$1,415,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$376,244
Avg. Annual Appreciation
5.84%
Original Mortgage
$600,000
Outstanding Balance
$532,040
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$868,585

Purchase Details

Closed on
Jul 1, 2010
Sold by
Wells Roth David and Wells Roth Jennifer
Bought by
Maurer Matthew M and Maurer Marisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
4.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2007
Sold by
Prudential Relocation Inc
Bought by
Wells Roth David and Wells Roth Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,030,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 24, 2007
Sold by
Scheps Lucas M and Scheps Rebecca R
Bought by
Prudential Relocation Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,030,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 5, 2006
Sold by
Clark David Nicholas
Bought by
Schops Lucas M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$765,000
Interest Rate
6.37%

Purchase Details

Closed on
Feb 22, 2000
Sold by
Thompson Dennis J and Thompson Judith A
Bought by
Clark David Nicholas and Clark Christine Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$469,600
Interest Rate
7.62%
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
Flood Brian P $1,039,000 Cortes & Hay Title Agcy Inc
Maurer Matthew M $950,000 Chicago Title Insurance Co
Wells Roth David $1,030,000 Lenox Title Agency Llc
Prudential Relocation Inc $1,030,000 Lenox Title Agency Llc
Schops Lucas M $995,000 --
Clark David Nicholas $587,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flood Brian P $600,000
Previous Owner Maurer Matthew M $760,000
Previous Owner Wells Roth David $1,030,000
Previous Owner Schops Lucas M $765,000
Previous Owner Clark David Nicholas $469,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2020 06/25/20 Sold $1,039,000 0.0% --
03/06/2020 03/06/20 Pending -- -- --
02/24/2020 02/24/20 For Sale $1,039,000 -- --
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
2025 $17,147 $1,059,100 $746,100 $313,000
2024 $16,458 $1,059,100 $746,100 $313,000
2023 $16,458 $1,059,100 $746,100 $313,000
2022 $17,998 $842,200 $549,600 $292,600
2021 $17,998 $842,200 $549,600 $292,600
2020 $17,846 $842,200 $549,600 $292,600
2019 $17,720 $842,200 $549,600 $292,600
2018 $17,223 $842,200 $549,600 $292,600
2017 $16,726 $842,200 $549,600 $292,600
2016 $16,288 $842,200 $549,600 $292,600
2015 $16,094 $842,200 $549,600 $292,600
2014 $15,977 $842,200 $549,600 $292,600
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2020

    KATHLEEN FRIDAY

    PROMINENT PROPERTIES SIR

  • S

    Buyer's Agent in 2020

    Steven Barisonek

    TURPIN REAL ESTATE, INC.

    (908) 635-7705

    15 Total Sales

    Steven Barisonek
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3618603

Garden State MLS

APN: 04-00022-0000-00015

New Jersey Morris County Chatham 07928

5 Somerset Ave Unit 1, Chatham, NJ

This home is located at 5 Somerset Ave Unit 1, Chatham, NJ 07928 since 24 February 2020 and is currently estimated at $1,415,244. This property was built in 1941. 5 Somerset Ave Unit 1 is a home located in Morris County with nearby schools including Chatham High School, St. Patrick School, and ECLC of New Jersey.

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