NOT LISTED FOR SALE

505 Spencer St Unit 1 Elizabeth, NJ 07202

Peters Neighborhood

Estimated Value: $384,000 - $530,905

3 Beds
2 Baths
-- Sq Ft
3,920 Sq Ft Lot

Last Sold May 26, 2021

Last sale price $360,000

Est. 33% increase in value since last sale

Current estimated payment $3,130/month

22 Days on Market

Highlights

  • Ranch Style House
  • Wood Flooring
  • 1 Car Attached Garage
  • Elizabeth High School Rated A
  • Thermal Windows
  • 5-minute walk to Mattano Park

About This Home

As of May 2021

WOW! TOTALLY RENOVATED IN 2017 THIS RANCH IS IN SUPER PRISTINE CONDITION! THREE BEDROOMS AND 2 FULL BATHS..EXQUISITE TOTALLY FINISHED BASEMENT THAT IS ABSOLUTELY AMAZING!!!! EASY ONE FLOOR LIVING! FULL BASEMENT OFFERS A REC ROOM, A COMPUTER ROOM A T V ROOM FULL BATH .THIS MINT CONDITION...TOTALLY GORGEOUS HOME.. IS WAITING FOR THE NEW OWNER, FORGET THE STEPS..EASY LIVING CAN BE YOURS.WE WE CAN HELP TO MAKE THIS DREAM A REALITY.

Last Agent to Sell the Property

SERGIO MUNOZ

JILL GUZMAN REALTY Listed on: 03/11/2021

Last Buyer's Agent

Brian Olivo

REALTY ONE GROUP LEGEND

REALTY ONE GROUP LEGEND

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,766

Year Built

  • Built in 1961 | Remodeled

Lot Details

  • 3,920 Sq Ft Lot
  • Privacy Fence
  • Level Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Ranch Style House
  • Vinyl Siding
  • Tile

Interior Spaces

  • Ceiling Fan
  • Thermal Windows
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Recirculated Exhaust Fan
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Home Security

  • Storm Doors
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Schools

  • Peterstown Elementary And Middle School
  • Elizabeth High School

Utilities

  • Forced Air Heating and Cooling System
  • One Cooling System Mounted To A Wall/Window
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2904-00005-0000-01347-000A-

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,766

Year Built

Built in 1961 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Style: Ranch
  • Primary Style: Ranch
  • Subproperty Type: Single Family
  • Year Built: 1961
  • Year Built Description: Renovated
  • County Name: Union
  • Directions: SUMMER TO FIFTH AVE TO SPENCER.STREET
  • I D: 5054375
  • Section Subdiv Development: PETERSTOWN
  • First Name: SERGIO
  • First Name3: BRIAN
  • Last Name: MUNOZ
  • Last Name3: OLIVO
  • Office Phone: 9083536611
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2017

Interior Features

  • Flooring: Tile, Wood
  • Appliances: Carbon Monoxide Detector, Dishwasher, Dryer, Kitchen Exhaust Fan, Range/Oven-Gas, Refrigerator, Self Cleaning Oven, Sump Pump, Washer
  • Interior Amenities: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, StallShw, TubShowr
  • Bedrooms: 3
  • Master Bedroom Desc: 1st Floor
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Description: Finished, Full
  • Family Room Level: Basement
  • Kitchen Area: Eat-In Kitchen
  • Other Room 1: FamilyRm
  • Phone: 908-353-6611

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Privacy Fence, Sidewalk, Storm Door(s), Thermal Windows/Doors
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Built-In Garage
  • Number Garage Spaces: 1
  • Number Parking Spaces: 2
  • Parking Driveway Description: 2 Car Width

Utilities

  • Cooling: 1 Unit, Ceiling Fan, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • High School: Elizabeth
  • Middle Jr High School: Peterstown

Lot Info

  • Lot Size: 40X100
  • Easement: Unknown
  • Lot Description: Level Lot
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.09
  • Zoning: RESIDENTIAL

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 11766
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2904-00005-0000-01347-000A-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 29.271
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2020

MLS Schools

  • Grade School: Peterstown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2021
Closed on
May 20, 2021
Sold by
Rosado Jesus Manuel and Rosado Christina Naomi
Bought by
Cajamarca Luis A Chocho
Seller's Agent
SERGIO MUNOZ
JILL GUZMAN REALTY
Buyer's Agent
Brian Olivo
REALTY ONE GROUP LEGEND
List Price
$349,900
Sold Price
$360,000
Premium/Discount to List
$10,100
2.89%
Current Estimated Value
$479,976

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,976
Avg. Annual Appreciation
6.60%
Original Mortgage
$353,479
Outstanding Balance
$319,839
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$160,137

Purchase Details

Closed on
Sep 29, 2009
Sold by
Leary Philip R and Leary Mary B
Bought by
Rosado Jesus Manuel and Rosado Christina Naomi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,997
Interest Rate
5.06%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Cajamarca Luis A Chocho $360,000 New Horizon Abstract
Cajamarca Luis A Chocho $360,000 Old Republic Title
Rosado Jesus Manuel $221,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cajamarca Luis A Chocho $353,479
Closed Cajamarca Luis A Chocho $353,479
Previous Owner Rosado Jesus Manuel $216,997
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2021 05/26/21 Sold $360,000 +2.9% --
04/02/2021 04/02/21 Pending -- -- --
03/11/2021 03/11/21 For Sale $349,900 -- --
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
2025 $7,136 $370,900 $175,000 $195,900
2024 $12,635 $370,900 $175,000 $195,900
2023 $12,635 $40,200 $9,200 $31,000
2022 $12,293 $40,200 $9,200 $31,000
2021 $12,039 $40,200 $9,200 $31,000
2020 $11,767 $40,200 $9,200 $31,000
2019 $11,587 $40,200 $9,200 $31,000
2018 $11,474 $40,200 $9,200 $31,000
2017 $11,154 $40,200 $9,200 $31,000
2016 $11,155 $40,200 $9,200 $31,000
2015 $10,492 $40,200 $9,200 $31,000
2014 -- $40,200 $9,200 $31,000
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    SERGIO MUNOZ

    JILL GUZMAN REALTY

  • B

    Buyer's Agent in 2021

    Brian Olivo

    REALTY ONE GROUP LEGEND

    (973) 772-0660

    1 in this area

    19 Total Sales

    Brian Olivo
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Map

Source: Garden State MLS

MLS Number: 3697404

Garden State MLS

APN: 04-00005-0000-01347-A

New Jersey Union County Elizabeth 07202 Peters

505 Spencer St Unit 1, Elizabeth, NJ

Not Listed for Sale

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