NOT LISTED FOR SALE

503 Timber Oaks Rd Edison, NJ 08820

Estimated Value: $520,000 - $534,000

2 Beds
1.5 Baths
1,232 Sq Ft
$427/Sq Ft Est. Value

Last Sold March 02, 2021

Last sale price $338,000 $274 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $3,457/month

16 Days on Market

Highlights

  • Deck
  • Property is near public transit
  • Cul-De-Sac
  • James Madison Primary School Rated A-
  • Formal Dining Room
  • Separate Shower in Primary Bathroom

About This Home

As of March 2021

Location, Location Location! Amazing opportunity to be in a great location in North Edison. This town home features plenty of space. It is a bright sunny well-maintained unit in the Oaks. The first floor features kitchen, powder room, the living room and dining room, which leads to a private & picturesque patio. The bedrooms on the second floor are separated by the laundry rooms. The Master bedroom has a sitting area and vanity section. This bedroom has skylights, customized closets and jack & jill set up with adjoining bedroom. This home also features a full finished basement that can be used as a family room.

Last Agent to Sell the Property

TONYNA MCGHEE

KELLER WILLIAMS ELITE REALTORS Listed on: 01/15/2021

KELLER WILLIAMS ELITE REALTORS

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,485

Year Built

  • Built in 1982

Lot Details

  • 1,821 Sq Ft Lot
  • Cul-De-Sac

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,232 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Family Room
  • Formal Dining Room
  • Utility Room
  • Finished Basement
  • Basement Storage
  • Microwave

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Gas Water Heater

Additional Features

  • Deck
  • Property is near public transit

Community Details

Overview

  • Association fees include trash, ground maintenance
  • Oaks Subdivision
  • The community has rules related to vehicle restrictions

Pet Policy

  • No Pets Allowed

Building Details

  • Maintenance Expense $266

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,485

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Sub Type: Townhouse
  • Prop. Type: Residential
  • Lot Size Acres: 0.0418
  • Ownership: Condominium
  • Subdivision Name: Oaks
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Property Attached Yn: Yes
  • Building Stories: 2
  • Structure Type: Townhouse
  • Year Built: 1982
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Bedroom/Bathroom Features: Stall Shower and Tub
  • Dining Room Features: Living Dining Combo
  • Master Bedroom Features: Full Bath
  • Room Kitchen Features: Not Eat-in Kitchen, Separate Dining Area
  • Appliances: Dryer, Microwave, Refrigerator, Washer, Gas Water Heater
  • Has Basement: Finished, Storage Space, Utility Room
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Carpet, Vinyl-Linoleum
  • Interior Amenities: Kitchen, Living Room, Bath Other, Dining Room, 2 Bedrooms, Bath Main, Family Room
  • Living Area: 1232
  • Stories: 2
  • Window Features: Blinds

Exterior Features

  • Lot Features: Near Train, Cul-De-Sac, Near Public Transit
  • Patio And Porch Features: Deck
  • Roof: Asphalt

Utilities

  • Gas Company: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association #2 Fee Frequency: Monthly
  • Pets Allowed: No

Fee Information

  • Association Fee Includes: Trash, Maintenance Grounds

Lot Info

  • Lot Size Sq Ft: 1821
  • Zoning: RBBT

Multi Family

  • Maintenance Expense: 266

Tax Info

  • Tax Annual Amount: 7485
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2021
Closed on
Feb 26, 2021
Sold by
Roy Shanthy Ghosh and Muppirala Shanthy
Bought by
Gangwal Sumeet
Seller's Agent
TONYNA MCGHEE
KELLER WILLIAMS ELITE REALTORS
List Price
$338,000
Sold Price
$338,000
Current Estimated Value
$526,039

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,039
Avg. Annual Appreciation
9.80%
Original Mortgage
$321,100
Outstanding Balance
$287,843
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$238,196

Purchase Details

Closed on
Jul 21, 2000
Sold by
Jiang Zheng
Bought by
Lund Vijay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
8.1%

Purchase Details

Closed on
Sep 15, 1997
Sold by
Petracco Marianne
Bought by
Jiang Zheng and Yizhunang Zhu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,000
Interest Rate
7.38%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gangwal Sumeet $338,000 Afrm Title And Abstract
Lund Vijay $172,000 --
Jiang Zheng $136,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gangwal Sumeet $321,100
Previous Owner Lund Vijay $128,000
Previous Owner Jiang Zheng $109,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/02/2021 03/02/21 Sold $338,000 0.0% $274 / Sq Ft
01/31/2021 01/31/21 Pending -- -- --
01/15/2021 01/15/21 For Sale $338,000 -- $274 / 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 $8,239 $138,400 $65,000 $73,400
2024 $8,195 $138,400 $65,000 $73,400
2023 $8,195 $138,400 $65,000 $73,400
2022 $8,197 $138,400 $65,000 $73,400
2021 $7,791 $138,400 $65,000 $73,400
2020 $8,095 $138,400 $65,000 $73,400
2019 $7,485 $138,400 $65,000 $73,400
2018 $7,601 $138,400 $65,000 $73,400
2017 $7,440 $138,400 $65,000 $73,400
2016 $6,998 $138,400 $65,000 $73,400
2015 $6,732 $138,400 $65,000 $73,400
2014 $6,541 $138,400 $65,000 $73,400
Source: Public Records

Agents Affiliated with this Home

  • TONYNA MCGHEE

    Seller's Agent in 2021

    TONYNA MCGHEE

    KELLER WILLIAMS ELITE REALTORS

    (732) 218-2797

    1 in this area

    16 Total Sales

    TONYNA MCGHEE
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Map

Source: All Jersey MLS

MLS Number: 2110883

All Jersey MLS

APN: 05-00427-0000-00026-0000-C0503

New Jersey Middlesex County Edison 08820

503 Timber Oaks Rd, Edison, NJ

Not Listed for Sale

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