NOT LISTED FOR SALE

502 Gallows Hill Rd Cranford, NJ 07016

Estimated Value: $607,000 - $824,000

3 Beds
2 Baths
1,656 Sq Ft
$441/Sq Ft Est. Value

Last Sold October 28, 2021

Last sale price $570,502 $345 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $5,011/month

8 Days on Market

Highlights

  • Sitting Area In Primary Bedroom
  • 0.16 Acre Lot
  • Sun or Florida Room
  • Cranford Sr High School Rated A-
  • Cape Cod Architecture
  • L-Shaped Dining Room

About This Home

As of October 2021

Immaculate home in desirable north side of Cranford. Central AC, 2nd floor CAC and ductless AC for supplementary cooling. Finished Family Room in basement. New Kitchen and updated Bathrooms . Hardwood floors thruout. 2nd floor master bedroom suite with full bath . Close to schools , parks and downtown and NYC transportation. Hardwood floors refinished. Front enclosed Porch and sunroom in the back of the house . New Driveway. All new Stainless Steel Appliances. Microwave, Dishwasher Refrigerator all included.

Last Agent to Sell the Property

Paul Lamastra

ERA SUBURB REALTY Listed on: 09/09/2021

ERA SUBURB REALTY

Last Buyer's Agent

Alyssa Stanek

CORCORAN SAWYER SMITH

CORCORAN SAWYER SMITH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,617

Year Built

  • Built in 1958

Lot Details

  • 6,963 Sq Ft Lot
  • Level Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Cape Cod Architecture
  • Vinyl Siding

Interior Spaces

  • Family Room
  • L-Shaped Dining Room
  • Sun or Florida Room
  • Storage Room
  • Laundry Room
  • Utility Room

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Sitting Area In Primary Bedroom
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms
  • Separate Shower

Partially Finished Basement

  • Walk-Out Basement
  • Sump Pump

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio
  • Porch

Schools

  • Brookside Elementary School
  • Bloom/Orange Middle School
  • Cranford High School

Utilities

  • Forced Air Heating and Cooling System
  • Ductless Heating Or Cooling System
  • Two Cooling Systems Mounted To A Wall/Window
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2903-00146-0000-00017-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,617

Year Built

Built in 1958

Lot Details

0

Parking

1

Listing Details

  • Style: Cape Cod
  • Primary Style: Cape Cod
  • Subproperty Type: Single Family
  • Year Built: 1958
  • Year Built Description: Approximate
  • County Name: Union
  • Renovated Year: 2021
  • Street Number Display: 502
  • Directions: 502 Gallows Hill Rd, Cranford
  • I D: 5101021
  • Modified: 2022-10-29
  • Number Images: 26
  • First Name: PAUL
  • First Name3: ALYSSA
  • Last Name: LAMASTRA
  • Last Name3: STANEK
  • Office Phone: 908-322-4434 x161
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Renovated: 2021

Interior Features

  • Appliances: Carbon Monoxide Detector, Dishwasher, Range/Oven-Gas, Refrigerator, Sump Pump
  • Interior Amenities: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
  • Number Rooms: 8
  • Bedrooms: 3
  • Master Bedroom Desc: Full Bath, Sitting Room
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Description: Bilco-Style Door, Finished-Partially, Walkout
  • Basement Level Rooms: Family Room, Laundry Room, Storage Room, Utility Room, Walkout
  • Dining Area: Dining L
  • Family Room Level: Basement
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Dim: 17x10
  • Kitchen Level: First
  • Living Room Dim: 17x13
  • Living Room Level: First
  • Other Room 1: Florida/3Season
  • Other Room1 Dim: 11x9
  • Other Room1 Level: First
  • Other Room 2: Porch
  • Other Room2 Dim: 13x6
  • Other Room2 Level: First
  • Level 1 Rooms: 2 Bedrooms, Bath Main, Florida/3Season, Porch
  • Level 2 Rooms: 1 Bedroom, Bath(s) Other
  • Phone: 908-322-4434

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Patio
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 1
  • Number Parking Spaces: 2
  • Parking Driveway Description: 1 Car Width

Utilities

  • Cooling: 2 Units, Central Air, Ductless Split AC
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • Elementary School: Brookside
  • Middle School: Bloom/Orange
  • High School: Cranford HS
  • High School: Cranford HS
  • Middle Jr High School: Bloom/Orange

Lot Info

  • Lot Size: 6963 SF
  • Assessed Improvement Value: 78100
  • Assessed Land Value: 83700
  • Assessment: 161800
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot Identifier: 17
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.16

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 10617
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2903-00146-0000-00017-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 6.562
  • Tax Rate Tax: *
  • Tax Rate Year: 2020
  • Tax Year Tax: *
  • Tax Year: 2020

MLS Schools

  • Grade School: Brookside

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2021
Closed on
Oct 27, 2021
Sold by
Paul Lamastra
Bought by
Foster Robert F and Foster Carly
Seller's Agent
Paul Lamastra
ERA SUBURB REALTY
Buyer's Agent
Alyssa Stanek
CORCORAN SAWYER SMITH
List Price
$549,900
Sold Price
$570,502
Premium/Discount to List
$20,602
3.75%
Current Estimated Value
$730,615

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,113
Avg. Annual Appreciation
6.59%
Original Mortgage
$541,976
Interest Rate
3.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 2004
Sold by
Stephens Orville
Bought by
Lamastra Paul and Garrastazu Joanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.67%
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
Foster Robert F $570,502 Realsafe Title
Lamastra Paul $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Foster Robert F $541,976
Previous Owner Lamastra Paul $300,000
Previous Owner Lamastra Paul $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2021 10/28/21 Sold $570,502 +3.7% $345 / Sq Ft
09/17/2021 09/17/21 Pending -- -- --
09/09/2021 09/09/21 For Sale $549,900 -- $332 / Sq Ft
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 $12,361 $185,400 $83,700 $101,700
2023 $12,361 $185,400 $83,700 $101,700
2022 $12,259 $185,400 $83,700 $101,700
2021 $10,651 $161,800 $83,700 $78,100
2020 $10,617 $161,800 $83,700 $78,100
2019 $10,549 $161,800 $83,700 $78,100
2018 $10,358 $161,800 $83,700 $78,100
2017 $10,002 $161,800 $83,700 $78,100
2016 $9,638 $161,800 $83,700 $78,100
2015 $9,386 $161,800 $83,700 $78,100
2014 $9,193 $161,800 $83,700 $78,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3739596

Garden State MLS

APN: 03-00146-0000-00017