NOT LISTED FOR SALE

51 1st Ave Unit 2 Raritan, NJ 08869

Estimated Value: $458,000 - $507,000

-- Bed
2 Baths
-- Sq Ft
35 Sq Ft Lot

Last Sold February 05, 2021

Last sale price $360,000

Est. 34% increase in value since last sale

Current estimated payment $3,256/month

6 Days on Market

About This Home

As of February 2021

This home is located at 51 1st Ave Unit 2, Raritan, NJ 08869 since 05 December 2020 and is currently estimated at $483,521. This property was built in 1930. 51 1st Ave Unit 2 is a home located in Somerset County with nearby schools including John F. Kennedy Primary School, Eisenhower Intermediate School, and Bridgewater-Raritan Middle School.

Last Agent to Sell the Property

Adriana Korngold

BHHS FOX & ROACH Brokerage Phone: 732-469-1515 Listed on: 12/05/2020

BHHS FOX & ROACH

Last Buyer's Agent

Thomas Ciccarone

COLDWELL BANKER REALTY

COLDWELL BANKER REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,319

Year Built

  • Built in 1930

Lot Details

  • 35 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,319

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Year Built: 1930
  • County Name: Somerset
  • Street Number Display: 51
  • I D: 5035017
  • Modified: 2022-02-06
  • Number Images: 0
  • Attribution Contact: 732-469-1515
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 35 X 150
  • Total Acres: 0.12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2020
Closed on
Feb 24, 2021
Sold by
Pecoraro Vito and Pecoraro-Natale Angelina
Bought by
Loeffler Thomas R
Seller's Agent
Adriana Korngold
BHHS FOX & ROACH
Buyer's Agent
Thomas Ciccarone
COLDWELL BANKER REALTY
List Price
$364,551
Sold Price
$360,000
Premium/Discount to List
-$4,551
-1.25%
Current Estimated Value
$483,521

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,521
Avg. Annual Appreciation
6.55%
Original Mortgage
$288,000
Outstanding Balance
$258,172
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$225,349

Purchase Details

Listed on
Dec 5, 2020
Closed on
Feb 7, 2021
Sold by
Pecoraro Angelina and Natale Michael
Bought by
Loeffler Thomas R
Seller's Agent
Adriana Korngold
BHHS FOX & ROACH
Buyer's Agent
Thomas Ciccarone
COLDWELL BANKER REALTY
List Price
$364,551
Sold Price
$360,000
Premium/Discount to List
-$4,551
-1.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Outstanding Balance
$258,172
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$225,349

Purchase Details

Closed on
Mar 10, 2006
Sold by
Dawson Michael Paul
Bought by
Pecoraro Vito and Pecoraro Angelina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
6.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 18, 2001
Sold by
Meade Michael
Bought by
Dawson Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
7.14%
Mortgage Type
VA

Purchase Details

Closed on
Aug 25, 1997
Sold by
Patrick Sheryl
Bought by
Meade Michael and Meade Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
7.11%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

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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
Loeffler Thomas R $360,000 Old Republic Title
Loeffler Thomas R $360,000 Old Republic Title
Loeffler Thomas R $360,000 Title Masters Llc
Pecoraro Vito $270,000 --
Pecoraro Vito $270,000 Stewart Title Guaranty Compa
Dawson Michael $150,000 --
Meade Michael $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Loeffler Thomas R $288,000
Closed Loeffler Thomas R $288,000
Closed Loeffler Thomas R $288,000
Previous Owner Pecoraro Vito $205,000
Previous Owner Dawson Michael $153,000
Previous Owner Meade Michael $144,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2021 02/05/21 Sold $360,000 -1.2% --
12/11/2020 12/11/20 Pending -- -- --
12/05/2020 12/05/20 For Sale $364,551 -- --
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 $8,319 $278,600 $159,000 $119,600
2024 $8,319 $278,600 $159,000 $119,600
2023 $7,932 $278,600 $159,000 $119,600
2022 $7,706 $278,600 $159,000 $119,600
2021 $7,244 $278,600 $159,000 $119,600
2020 $7,129 $278,600 $159,000 $119,600
2019 $7,104 $278,600 $159,000 $119,600
2018 $6,828 $278,600 $159,000 $119,600
2017 $6,647 $278,600 $159,000 $119,600
2016 $6,519 $278,600 $159,000 $119,600
2015 $6,243 $278,600 $159,000 $119,600
2014 $6,263 $278,600 $159,000 $119,600
Source: Public Records

Agents Affiliated with this Home

  • Adriana Korngold

    Seller's Agent in 2021

    Adriana Korngold

    BHHS FOX & ROACH

    (908) 625-2170

    1 in this area

    8 Total Sales

    Adriana Korngold
    Section Image
  • Thomas Ciccarone

    Buyer's Agent in 2021

    Thomas Ciccarone

    COLDWELL BANKER REALTY

    (908) 448-8050

    2 in this area

    64 Total Sales

    Thomas Ciccarone
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3681871

Garden State MLS

APN: 16-00080-0000-00008

New Jersey Somerset County Raritan 08869

51 1st Ave Unit 2, Raritan, NJ

This home is located at 51 1st Ave Unit 2, Raritan, NJ 08869 since 05 December 2020 and is currently estimated at $483,521. This property was built in 1930. 51 1st Ave Unit 2 is a home located in Somerset County with nearby schools including John F. Kennedy Primary School, Eisenhower Intermediate School, and Bridgewater-Raritan Middle School.

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