Seller's Agent in 2023
Mohamed Eisa
TRIUMPH GROUP REAL ESTATE
(201) 889-4494
1 in this area
34 Total Sales
50 Demott Ln Somerset, NJ 08873
2
Beds
1
Bath
--
Sq Ft
0.54
Acres
Highlights
- 0.54 Acre Lot
- Formal Dining Room
- Eat-In Kitchen
- Ranch Style House
- 1 Car Attached Garage
- Wood Burning Fireplace
About This Home
As of September 2023Come see this 2 BR ranch with a brick fireplace, then close your eyes and imagine your own upgrades! All the windows have been replaced for you! You add some elbow grease to make this house your home. Large living room, dining room, eat in kitchen, both bedrooms are sizable. The lot size is 118X199, plenty of room to either add more house or just enjoy a large yard. This house screams POTENTIAL! Note the floor plan, then you make a plan to design until your content. Take on the challenge!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,924
Year Built
- Built in 1958
Lot Details
- 0.54 Acre Lot
Parking
- 1 Car Attached Garage
Home Design
- Ranch Style House
- Brick Exterior Construction
- Composition Shingle Roof
Interior Spaces
- Wood Burning Fireplace
- Living Room with Fireplace
- Formal Dining Room
- Unfinished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Eat-In Kitchen
- Gas Oven or Range
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Schools
- Franklin Elementary And Middle School
- Franklin High School
Utilities
- Radiator
- Underground Utilities
- Well
Listing and Financial Details
- Assessor Parcel Number 2708-00388-0000-00001-0000-
- Tax Block *
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%
Views
421
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,961
Avg. Annual Appreciation
5.85%
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $456,000 | None Listed On Document | |
| Deed | -- | None Available | |
| Deed | $200,000 | None Available | |
| Interfamily Deed Transfer | -- | Manchester Title Agency Inc | |
| Deed | $139,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $355,680 | New Conventional | |
| Previous Owner | $356,250 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $135,000 | FHA |
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
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
-
Mohamed Eisa
-
F
Buyer's Agent in 2023
FAISAL MAIRAJ
EAST SKY REALTY LLC
-
Mary Van Ness
Seller's Agent in 2019
Mary Van Ness
AARE
(732) 207-7515
9 in this area
29 Total Sales
-
Joseph G Buono
Buyer's Agent in 2019
Joseph G Buono
RE/MAX
(732) 297-1100
30 in this area
140 Total Sales
Map
Source: Garden State MLS
MLS Number: 3444707
APN: 08-00388-0000-00001
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