NOT LISTED FOR SALE

502 Rutledge Ct Edgewater, NJ 07020

Estimated Value: $835,000 - $917,000

3 Beds
3 Baths
1,798 Sq Ft
305 Sq Ft Lot

Last Sold November 20, 2023

Last sale price $710,000 $395 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $5,796/month

157 Days on Market

About This Home

As of November 2023

THE CHEN AGENCY represents:'INDEPENDENCE HARBOR' A massive PRICE REDUCTION on this REMARKABLE property. PRICED TO SELL. The unit is being strictly sold AS-IS. This sophisticated residence with 1798-sf features a 11'9"x9'11" den/convertible 3rd bedroom with a closet and a full 3rd bathroom. This rare floorplan is one of only three in the entire community. Gracious and expansive rooms with wrap-around windows and partial northeast views of the river and city. Significant renovations and improvements include stunning ebony wood floors, custom appliances and counters in the kitchen, and bathrooms finished with custom fittings, tile and hardware. This very special home is sure to impress. Premier waterfront community with 24-hour gatehouse, pool, tennis, clubhouse with gym and direct access to the Hudson Riverfront Walkway that connects to City Place and Edgewater Commons. One-of-a-kind gem. An absolute must-see! Contact now for your private tour! SOPHIE KANG at 201-281-5593.

Last Listed By

Jung Lee

The Chen Agency Listed on: 05/30/2023

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,597

Year Built

  • 1999

Lot Details

  • 305

Parking

  • 1 Car Garage

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • 3 Full Bathrooms

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,597

Year Built

1999

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Ownership: Private
  • PropertySubType: Condominium
  • Co List Office Phone: (201) 346-8888
  • MLS Status: Sold - Sold
  • Directions: River Road To Independence Harbor
  • Year Built Details: 2000's
  • PropertySubTypeAdditional: Midrise
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1999

Interior Features

  • Basement: None
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Primary Bathroom: Yes
  • Laundry: In Unit

Exterior Features

  • Waterfront Features: None
  • Disclosures: Seller's Agent, Seller Disclosure - Yes

Garage/Parking

  • Garage Spaces: 1.0

Lot Info

  • Lot: 00002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2023
Closed on
Nov 15, 2023
Sold by
Kim Young Sun
Bought by
Wang Rao Jon Jongha and Wang Kim Hwakyung
Seller's Agent
Jung Lee
The Chen Agency
Buyer's Agent
Eunice Kim
Realty 7, LLC
List Price
$725,000
Sold Price
$710,000
Premium/Discount to List
-$15,000
-2.07%
Total Days on Market
157
Views
608
Current Estimated Value
$862,888

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,888
Avg. Annual Appreciation
13.79%

Purchase Details

Closed on
Feb 15, 2022
Sold by
Chuan Liu
Bought by
Kim Roy Beomscok and Kim Young Sun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$622,400
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 2, 2014
Sold by
Mcdonald William and Mcdonald Johnnie
Bought by
Liu Chuan

Purchase Details

Closed on
Nov 10, 2006
Sold by
Fiorentino Mara
Bought by
Mcdonald William and Mcdonald Johnnie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$649,999
Interest Rate
6.36%

Purchase Details

Closed on
Jul 30, 2003
Sold by
So Chun T
Bought by
Fiorentino Mara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$462,400
Interest Rate
5.46%

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Similar Homes in the area

  • 200 Old Palisade Rd Unit 2C, Fort Lee, NJ 07024

    $749,000

    • 2 Beds
    • 2 Baths
    • 200 Old Palisade Rd
    • Unit 2C
    • Fort Lee, NJ

    Come & Enjoy Amazing Panoramic views of NYC and The Hudson River from all windows In this Magnificent River Ridge. This corner unit offers a unique opportunity to own your dream home with breathtaking south and east view of the Manhattan skyline and Hudson River. Approximately 1540 square feet of living space includes a versatile solarium/den, perfect for a home office or relaxation. Residents

    Michael Kim RE/MAX SELECT - Fort Lee

    Section Image
  • 401 Thornton Ct Unit T401, Edgewater, NJ 07020

    $749,800

    • 2 Beds
    • 2 Baths
    • 401 Thornton Ct
    • Unit T401
    • Edgewater, NJ

    Waterfront 2-Bedroom, 2-Bath Condo in a Premier Edgewater Community! Step into this spacious home featuring Entry Foyer, Open Living/Dining Area, Eat-In Kitchen, Primary Suite with Full Bath & Walk-In Closet, Second Bedroom & Additional Full Bath Enjoy resort-style amenities in one of Edgewaterâ€s most desirable waterfront communities, and a pet-friendly community! 24-Hour Gated Security,

    Ronit Gordon RE/MAX Properties Plus

    Section Image
  • 310 Hancock Ct, Edgewater, NJ 07020

    $799,000

    • 3 Beds
    • 2.5 Baths
    • 310 Hancock Ct
    • Edgewater, NJ

    Tour from 12-4 PM on 5/18/25 BY APPOINTMENT ONLY. Welcome to an exceptional opportunity to own a rarely available 3 BR duplex in the coveted waterfront community of Independence Harbor. Spanning just under 1,800 sq ft, this beautifully maintained home blends comfort, style, and modern convenience. Beginning with its welcoming patio, once you step inside you are immediately greeted by a grand

    Alfredo Vastola Christie's International Real Estate Group-Edgewater

    Section Image
  • 3319 City Place, Edgewater, NJ 07020

    $850,000

    • 2 Beds
    • 2 Baths
    • 3319 City Place
    • Edgewater, NJ

    Spacious Waterfront Living at Riverview at City Place Welcome to Riverview at City Place, a stunning 2-bedroom, 2-bathroom end-unit condo offering 1,696 SF of elegant living space with breathtaking NYC and Hudson River views from your private balcony—one of only three units in the complex with this view! Enjoy hardwood floors throughout, an open living & dining area, and an upgraded kitchen

    Gang Wu Coldwell Banker, Fort Lee

    Section Image
  • 310 Hancock Court Cm310, Edgewater Boro, NJ 07020

    $799,000

    • 3 Beds
    • 2.5 Baths
    • 1,769 Sq Ft
    • 310 Hancock Court Cm310
    • Edgewater Boro, NJ

    Tour from 12-4 PM on 5/18/25 BY APPOINTMENT ONLY. Welcome to an exceptional opportunity to own a rarely available 3 BR duplex in the coveted waterfront community of Independence Harbor. Spanning just under 1,800 sq ft, this beautifully maintained home blends comfort, style, and modern convenience. Beginning with its welcoming patio, once you step inside you are immediately greeted by a grand

    ALFREDO VASTOLA JR. CHRISTIE'S INT. REAL ESTATE GROUP

    Section Image
  • 249 The Promenade, Edgewater, NJ 07020

    $659,000

    • 2 Beds
    • 2 Baths
    • 249 The Promenade
    • Edgewater, NJ

    It's the waterfront at The Promenade. 2 bed & 2 bath condo offers Hudson River views and includes a private balcony. Open floor plan. Washer/dryer in-unit and a deeded garage parking spot. Elevator in the building. Community amenities include 24-hour security, a fitness center, and sauna. Close to shops, dining, and easy NYC transportation.

    Sung Hong Kingstone Realty LLC

    Section Image
  • 214 The Promenade Unit C0214, Edgewater, NJ 07020

    $849,000

    • 3 Beds
    • 2 Baths
    • 214 The Promenade
    • Unit C0214
    • Edgewater, NJ

    Enjoy expansive south exposure views of NYC and the Hudson River both from the Primary bedroom and Living Room. One of the largest units in the complex and a central entry foyer. Primary bedroom suite has a large walk in closet and ensuite bathroom with shower and tub. Two bedrooms offer great space and squared layouts. Hard floors throughout with a spacious Living and dining

    David Kwon Group Twenty Six, LLC

    Section Image
  • 217 The Promenade, Edgewater, NJ 07020

    $715,000

    • 3 Beds
    • 2 Baths
    • 217 The Promenade
    • Edgewater, NJ

    Spanning 1,751 sq ft, this south-facing condo is nestled in the highly sought-after Edgewater waterfront community. Welcome to 217 The Promenade, a 3-Bedroom 2 Bath condo that welcomes you with hardwood floors, an open concept Kitchen, Living Room, Dining Room, & Balcony with stunning views. Kitchen with granite countertops, stainless steel appliances, washer/ dryer in unit, Primary bedroom with

    Sweta Patel Corcoran Infinity Properties, Edgewater

    Section Image
  • 331 The Promenade, Edgewater, NJ 07020

    $699,000

    • 2 Beds
    • 2 Baths
    • 331 The Promenade
    • Edgewater, NJ

    Bright and sunny east/south face offering Hudson River and New York city views from living room windows Hardwood floor, Upgraded custom kitchen, Mable counter tables Newly painted walls, new light fixtures, New washing machine Indoor parking, well maintained community Walk to park, shopping and restaurants

    Min Hyoung Cho 2Win Realty LLC

    Section Image

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
Wang Rao Jon Jongha $710,000 None Listed On Document
Kim Roy Beomscok $778,000 Wang Greg X
Liu Chuan $795,000 Attorney
Mcdonald William $724,000 --
Fiorentino Mara $578,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kim Roy Beomscok $622,400
Previous Owner Mcdonald Johnnie $604,395
Previous Owner Mcdonald William $649,999
Previous Owner Fiorentino Mara $462,400
Previous Owner So Chun T $292,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2023 11/20/23 Sold $710,000 -2.1% $395 / Sq Ft
11/03/2023 11/03/23 Pending -- -- --
10/11/2023 10/11/23 For Sale $725,000 0.0% $403 / Sq Ft
10/02/2023 10/02/23 Pending -- -- --
09/22/2023 09/22/23 Price Changed $725,000 -3.3% $403 / Sq Ft
09/07/2023 09/07/23 Price Changed $750,000 -4.9% $417 / Sq Ft
07/31/2023 07/31/23 Price Changed $789,000 -4.4% $439 / Sq Ft
07/20/2023 07/20/23 Price Changed $825,000 -2.6% $459 / Sq Ft
05/30/2023 05/30/23 For Sale $847,000 0.0% $471 / Sq Ft
06/17/2020 06/17/20 Rented $3,650 -3.9% --
05/29/2020 05/29/20 Price Changed $3,800 -2.6% $2 / Sq Ft
05/10/2020 05/10/20 Price Changed $3,900 -2.5% $2 / Sq Ft
04/17/2020 04/17/20 For Rent $4,000 0.0% --
03/31/2020 03/31/20 Rented $4,000 0.0% --
03/21/2020 03/21/20 Price Changed $4,000 -2.4% $2 / Sq Ft
02/05/2020 02/05/20 Price Changed $4,100 -2.4% $2 / Sq Ft
01/01/2020 01/01/20 For Rent $4,200 -- --
Source: New 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
2024 $11,597 $743,300 $267,500 $475,800
2023 $11,526 $726,200 $260,000 $466,200
2022 $11,526 $715,000 $260,000 $455,000
2021 $11,085 $492,000 $250,000 $242,000
2020 $9,569 $492,000 $250,000 $242,000
2019 $9,328 $492,000 $250,000 $242,000
2018 $9,018 $492,000 $250,000 $242,000
2017 $8,856 $492,000 $250,000 $242,000
2016 $8,753 $492,000 $250,000 $242,000
2015 $8,635 $492,000 $250,000 $242,000
2014 -- $492,000 $250,000 $242,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: New Jersey MLS

MLS Number: 23016194

New Jersey MLS

APN: 13-00085-01-00002-0000-CQ502