NOT LISTED FOR SALE

502 Outlook Ave Colonia, NJ 07067

Estimated Value: $432,485 - $589,000

2 Beds
1 Bath
1,077 Sq Ft
$484/Sq Ft Est. Value

Last Sold May 15, 2023

Last sale price $425,500 $395 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $3,561/month

64 Days on Market

Highlights

  • Property is near public transit
  • 2 Fireplaces
  • Formal Dining Room
  • Wood Flooring
  • Den
  • 4-minute walk to Merrill Park

About This Home

As of May 2023

This 2 bedroom, 1 bathroom and 1 car garage ranch home is perfectly situated in Colonia on a quiet street. Upon entering the home, you will be greeted by living room featuring a wood burning fire place that flows seamlessly into the dining area and kitchen. Enjoy the sunroom to relax and a partially finished basement accommodating a growing family or great entertaining area. The backyard is beautiful perfect for outdoor entertaining and relaxation. Conveniently located near beautiful Merrill Park, schools, shopping, dining, and transportation. Make this your dream home!

Last Agent to Sell the Property

MALINDA NIEVES

EPIQUE INC Listed on: 03/11/2023

EPIQUE INC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,705

Year Built

  • Built in 1954

Lot Details

  • 9,374 Sq Ft Lot
  • Lot Dimensions are 125.00 x 75.00
  • Property is zoned R-7.5

Parking

  • 1 Car Attached Garage
  • Driveway
  • Open Parking

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,077 Sq Ft Home
  • 1-Story Property
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Formal Dining Room
  • Den
  • Utility Room

Kitchen

  • Electric Oven or Range
  • Microwave

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Recreation or Family Area in Basement
  • Basement Storage

Outdoor Features

  • Patio

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Underground Utilities

Community Details

  • Colonia Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,705

Year Built

Built in 1954

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.2152
  • Lot Size: 125.00 x 75.00
  • Ownership: Fee Simple
  • Subdivision Name: Colonia
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Property Attached Yn: Yes
  • Building Stories: 1
  • Year Built: 1954
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Dining Room Features: Living Dining Combo
  • Master Bedroom Master Bedroom Level: First
  • Room Kitchen Features: Pantry, Separate Dining Area
  • Appliances: Dryer, Electric Range/Oven, Microwave, Refrigerator, Oven, Washer
  • Has Basement: Partially Finished, Den, Recreation Room, Storage Space, Utility Room
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Carpet, Wood
  • Interior Amenities: 1 Bedroom, 2 Bedrooms, Kitchen, Living Room, Bath Main
  • Living Area: 1077
  • Stories: 1

Exterior Features

  • Lot Features: Near Shopping, Near Train
  • Patio And Porch Features: Patio, Enclosed
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: 1 Car Width, Garage, Attached, Driveway

Utilities

  • Gas Company: Oil in Ground, Oil
  • Cooling: Window Unit(s)
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Senior Community: No
  • Association #2 Fee Frequency: Monthly

Lot Info

  • Lot Size Sq Ft: 9374
  • Zoning: R-7.5

Tax Info

  • Tax Annual Amount: 8705
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2023
Closed on
May 15, 2023
Sold by
Banko Michael
Bought by
Rosky Catherine
Seller's Agent
MALINDA NIEVES
EPIQUE INC
List Price
$425,000
Sold Price
$425,500
Premium/Discount to List
$500
0.12%
Views
188
Current Estimated Value
$521,121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,621
Avg. Annual Appreciation
10.02%
Original Mortgage
$340,400
Outstanding Balance
$331,113
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
$202,931

Purchase Details

Closed on
Aug 26, 2021
Sold by
Isabel Banko and Isabel M
Bought by
Banko Michael
Source: Public Records

Range of Values:

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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
Rosky Catherine $425,500 Vintage Title Services
Banko Michael -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rosky Catherine $340,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2023 05/15/23 Sold $425,500 +0.1% $395 / Sq Ft
03/11/2023 03/11/23 For Sale $425,000 -- $395 / 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
2025 $9,591 $82,200 $26,500 $55,700
2024 $8,941 $78,400 $26,500 $51,900
2023 $8,941 $78,400 $26,500 $51,900
2022 $8,705 $78,400 $26,500 $51,900
2021 $8,254 $78,400 $26,500 $51,900
2020 $8,357 $78,400 $26,500 $51,900
2019 $8,254 $78,400 $26,500 $51,900
2018 $7,982 $78,400 $26,500 $51,900
2017 $7,832 $78,400 $26,500 $51,900
2016 $8,017 $78,400 $26,500 $51,900
2015 $7,632 $78,400 $26,500 $51,900
2014 $7,463 $78,400 $26,500 $51,900
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    MALINDA NIEVES

    EPIQUE INC

    (732) 200-1660

    1 in this area

    18 Total Sales

    MALINDA NIEVES
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Map

Source: All Jersey MLS

MLS Number: 2309451R

All Jersey MLS

APN: 25-00424-06-00614

New Jersey Middlesex County Colonia 07067

502 Outlook Ave, Colonia, NJ

This home is located at 502 Outlook Ave, Colonia, NJ 07067 since 11 March 2023 and is currently estimated at $521,121, approximately $483 per square foot. This property was built in 1954. 502 Outlook Ave is a home located in Middlesex County with nearby schools including Claremont Avenue Elementary School, Colonia Middle School, and Colonia High School.

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