NOT LISTED FOR SALE

Estimated Value: $496,000 - $516,000

2 Beds
1 Bath
-- Sq Ft
0.54 Acres

Last Sold September 06, 2023

Last sale price $456,000

Est. 12% increase in value since last sale

Current estimated payment $3,525/month

20 Days on Market

About This Home

As of September 2023

This home is located at 50 Demott Ln, Somerset, NJ 08873 since 23 May 2023 and is currently estimated at $510,354. This property was built in 1958. 50 Demott Ln is a home located in Somerset County with nearby schools including Franklin High School, Thomas Edison EnergySmart Charter School, and Guidepost Montessori at Somerset.

Last Agent to Sell the Property

Mohamed Eisa

TRIUMPH GROUP REAL ESTATE Brokerage Phone: 201-482-6900 Listed on: 05/23/2023

Last Buyer's Agent

FAISAL MAIRAJ

EAST SKY REALTY LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,917

Year Built

  • Built in 1958

Lot Details

  • 0.54 Acre Lot

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,917

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Year Built: 1958
  • County Name: Somerset
  • Street Number Display: 50
  • I D: 5204377
  • Modified: 2024-09-07
  • Number Images: 1
  • Attribution Contact: 201-482-6900
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 2
  • Bathrooms: 1.00

Lot Info

  • Lot Size: 118X199 AVG
  • Total Acres: 0.54

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2023
Closed on
Aug 31, 2023
Sold by
Alam Mian Amir
Bought by
Nawaz Khalfan
Seller's Agent
Mohamed Eisa
TRIUMPH GROUP REAL ESTATE
Buyer's Agent
FAISAL MAIRAJ
EAST SKY REALTY LLC
List Price
$415,000
Sold Price
$456,000
Premium/Discount to List
$41,000
9.88%
Total Days on Market
20
Views
421
Current Estimated Value
$510,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,354
Avg. Annual Appreciation
6.65%
Original Mortgage
$355,680
Outstanding Balance
$349,728
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$160,626

Purchase Details

Listed on
Feb 5, 2018
Closed on
May 22, 2019
Sold by
Umber Hina
Bought by
Alam Mian Amir
Seller's Agent
Mary Van Ness
AARE
Buyer's Agent
Joseph G Buono
RE/MAX DIAMOND REALTORS
List Price
$249,900
Sold Price
$200,000
Premium/Discount to List
-$49,900
-19.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.45%

Purchase Details

Listed on
Feb 5, 2018
Closed on
Apr 1, 2019
Sold by
Lyon Joann and Lyon Joann L
Bought by
Umber Hina
Seller's Agent
Mary Van Ness
AARE
Buyer's Agent
Joseph G Buono
RE/MAX DIAMOND REALTORS
List Price
$249,900
Sold Price
$200,000
Premium/Discount to List
-$49,900
-19.97%

Purchase Details

Closed on
Dec 21, 2011
Sold by
Lyon Joann
Bought by
Lyon Joann

Purchase Details

Closed on
Aug 5, 1997
Sold by
Shamy Edward
Bought by
Lyon William and Joann Lyon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
7.5%
Mortgage Type
FHA
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 Buyer Sale Price Title Company
Nawaz Khalfan $456,000 None Listed On Document
Alam Mian Amir -- None Available
Umber Hina $200,000 None Available
Lyon Joann -- Manchester Title Agency Inc
Lyon William $139,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nawaz Khalfan $355,680
Previous Owner Lyon William Scott $356,250
Previous Owner Lyon William $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2023 09/06/23 Sold $456,000 +9.9% --
06/12/2023 06/12/23 Pending -- -- --
05/23/2023 05/23/23 For Sale $415,000 +107.5% --
04/03/2019 04/03/19 Sold $200,000 -20.0% --
03/01/2019 03/01/19 Pending -- -- --
02/08/2019 02/08/19 For Sale $249,900 0.0% --
06/28/2018 06/28/18 Pending -- -- --
02/05/2018 02/05/18 For Sale $249,900 -- --
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 $7,917 $435,500 $293,500 $142,000
2023 $7,490 $387,900 $245,900 $142,000
2022 $7,080 $347,400 $205,400 $142,000
2021 $6,698 $302,400 $160,400 $142,000
2020 $6,541 $288,900 $146,900 $142,000
2019 $6,443 $279,900 $137,900 $142,000
2018 $6,092 $261,900 $119,900 $142,000
2017 $6,113 $261,900 $119,900 $142,000
2016 $6,157 $261,900 $119,900 $142,000
2015 $6,010 $257,400 $115,400 $142,000
2014 $5,905 $256,500 $114,500 $142,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3845264

Garden State MLS

APN: 08-00388-0000-00001