NOT LISTED FOR SALE

508 Orange Ave Cranford, NJ 07016

Estimated Value: $910,822 - $1,078,000

4 Beds
2 Baths
1,968 Sq Ft
$491/Sq Ft Est. Value

Last Sold June 26, 2024

Last sale price $950,000 $483 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $6,490/month

7 Days on Market

About This Home

As of June 2024

This home is located at 508 Orange Ave, Cranford, NJ 07016 since 23 April 2024 and is currently estimated at $967,206, approximately $491 per square foot. This property was built in 1922. 508 Orange Ave is a home located in Union County with nearby schools including Cranford Sr High School, St Michael School, and St. Theresa School.

Last Agent to Sell the Property

Suzanne McMahon

CHRISTIE'S INT. REAL ESTATE GROUP Brokerage Phone: 908-233-8502 Listed on: 04/23/2024

Last Buyer's Agent

CHARLES RUBENSTEIN

COMPASS NEW JERSEY LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,587

Year Built

  • Built in 1922

Lot Details

  • 5,168 Sq Ft Lot

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,587

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Year Built: 1922
  • County Name: Union
  • Street Number Display: 508
  • I D: 5278798
  • Modified: 2025-06-27
  • Number Images: 1
  • Attribution Contact: 908-233-8502
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Bathrooms: 2.00

Lot Info

  • Lot Size: 5168 SF
  • Total Acres: 0.12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2024
Closed on
Jun 24, 2024
Sold by
Gorman Sean K and Kelly Mc
Bought by
Buseck Nicholas and Buseck Catherine
Seller's Agent
Suzanne McMahon
CHRISTIE'S INT. REAL ESTATE GROUP
Buyer's Agent
CHARLES RUBENSTEIN
COMPASS NEW JERSEY LLC
List Price
$799,000
Sold Price
$950,000
Premium/Discount to List
$151,000
18.9%
Views
34
Current Estimated Value
$967,206

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,206
Avg. Annual Appreciation
1.69%
Original Mortgage
$712,500
Outstanding Balance
$707,140
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$260,066

Purchase Details

Closed on
Dec 21, 2006
Sold by
Morehead Charles A
Bought by
Gorman Sean K and Gorman Kelly Mc Nany

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
6.35%
Mortgage Type
New Conventional
Source: Public Records

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

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
Buseck Nicholas $950,000 Worldwide Land Transfer
Gorman Sean K $490,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Buseck Nicholas $712,500
Previous Owner Gorman Sean K $100,000
Previous Owner Gorman Sean K $374,500
Previous Owner Gorman Sean K $400,000
Previous Owner Gorman Sean K $50,000
Previous Owner Gorman Kelly $417,000
Previous Owner Gorman Sean K $392,000
Previous Owner Morehead Charles A $410,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2024 06/26/24 Sold $950,000 +18.9% $483 / Sq Ft
05/02/2024 05/02/24 Pending -- -- --
04/25/2024 04/25/24 For Sale $799,000 -- $406 / 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 $13,587 $203,800 $73,600 $130,200
2023 $13,587 $203,800 $73,600 $130,200
2022 $13,475 $203,800 $73,600 $130,200
2021 $13,416 $203,800 $73,600 $130,200
2020 $13,373 $203,800 $73,600 $130,200
2019 $13,288 $203,800 $73,600 $130,200
2018 $13,047 $203,800 $73,600 $130,200
2017 $12,599 $203,800 $73,600 $130,200
2016 $11,396 $191,300 $73,600 $117,700
2015 $11,097 $191,300 $73,600 $117,700
2014 $10,870 $191,300 $73,600 $117,700
Source: Public Records

Agents Affiliated with this Home

  • Suzanne McMahon

    Seller's Agent in 2024

    Suzanne McMahon

    CHRISTIE'S INT. REAL ESTATE GROUP

    (908) 451-4052

    6 in this area

    10 Total Sales

    Suzanne McMahon
    Section Image

  • C

    Buyer's Agent in 2024

    CHARLES RUBENSTEIN

    COMPASS NEW JERSEY LLC

See All Agents

Map

Source: Garden State MLS

MLS Number: 3897790

Garden State MLS

APN: 03-00273-0000-00002

New Jersey Union County Cranford 07016

508 Orange Ave, Cranford, NJ

This home is located at 508 Orange Ave, Cranford, NJ 07016 since 23 April 2024 and is currently estimated at $967,206, approximately $491 per square foot. This property was built in 1922. 508 Orange Ave is a home located in Union County with nearby schools including Cranford Sr High School, St Michael School, and St. Theresa School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes