NOT LISTED FOR SALE

516 Oak Dr Somerdale, NJ 08083

Estimated Value: $310,000 - $381,000

4 Beds
1.5 Baths
1,645 Sq Ft
$207/Sq Ft Est. Value

Last Sold December 27, 2018

Last sale price $90,750 $55 Per Sq Ft

Est. 276% increase in value since last sale

Current estimated payment $2,396/month

Highlights

  • Colonial Architecture
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of October 2023

Nestled in the charming community of Somerdale, NJ, this recently renovated 1645 square foot two-story single-family home exudes comfort and modern elegance. With 4 spacious bedrooms and 1.5 well-appointed bathrooms, it offers ample space for family living. Inside, the blend of hardwood and luxury vinyl plank flooring adds a touch of sophistication throughout the main living areas. The open and inviting floor plan, accentuated by the recent renovations, is perfect for gatherings and everyday living, providing a warm atmosphere that feels like home. Outside, the property boasts a generous yard, ideal for children's play and outdoor enjoyment. Situated in a convenient location, within close proximity to schools, parks, and major roadways, this residence offers a blend of comfort and convenience that is sure to please. Whether you're a growing family or looking for a place to settle down, 516 Oak Dr provides a great opportunity to live in a friendly neighborhood with all the modern amenities you need. Schedule a showing today, and envision yourself in this appealing and expansive home!

Last Agent to Rent the Property

Anastasia Fahey

AM Realty Advisors LLC Listed on: 09/25/2023

Last Renter's Agent

Anastasia Fahey

AM Realty Advisors LLC Listed on: 09/25/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,465

Year Built

  • Built in 1958

Lot Details

  • 8,250 Sq Ft Lot
  • Lot Dimensions are 75.00 x 110.00

Parking

  • Driveway

Home Design

  • Colonial Architecture
  • Block Foundation
  • Frame Construction

Interior Spaces

  • 1,645 Sq Ft Home
  • Property has 2 Levels

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Residential Lease
  • Security Deposit $4,050
  • No Smoking Allowed
  • 12-Month Lease Term
  • Available 10/1/23
  • $18 Application Fee
  • Assessor Parcel Number 31-00132 03-00193

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,465

Year Built

Built in 1958

Lot Details

0

Rental Info

  • Date Available: 2023-10-01
  • Application Fee: 18.00
  • Monthly Pet Rent: 50.00
  • Pets: Breed Restrictions
  • Pets Allowed: Yes
  • Security Deposit: 4050.00
  • Smoking Allowed Yn: No
  • Vacation Rental: No
  • Max Lease in Months: 12
  • Min Lease in Months: 12
  • Rent Spree Online Application: No

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Exclusions: Generally, the owner's insurers will not permit the following dog breeds: Pit Bull Terrier, Staffordshire Terrier, Rottweiler, German Shepherd, PresaCanario, Chow Chow, Doberman Pinscher, Akita, Wolf-hybrid, Bull Mastiff, CaneCorso, Great Dane, Malamute a
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2023-09-25
  • Federal Flood Zone: No
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Foundation Details: Block
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 1645
  • Living Area Sq Ft: 1645
  • Price Per Sq Ft: 1.64
  • Above Grade Finished Sq Ft: 1645
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 516

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: STERLING HIGH
  • School District Key: 300200396990
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.19
  • Lot Dimensions: 75.00 x 110.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8250.00
  • Zoning: R

Tax Info

  • Assessor Parcel Number: 31-00132 03-00193
  • Tax Total Finished Sq Ft: 1645
  • Close Date: 10/04/2023

MLS Schools

  • School District Name: STERLING HIGH

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 19, 2019
Sold by
Broad Street Funding Trust I
Bought by
Walnut Investment Llc
Current Estimated Value
$340,888

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 10, 2018
Sold by
Gray Martha
Bought by
Reverse Mortgage Solutions Inc

Purchase Details

Closed on
Apr 2, 2011
Sold by
Gray George E and Gray Martha
Bought by
Gray Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
4.82%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Source: Public Records

Range of Values:

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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
Walnut Investment Llc $90,750 City Abstract Llc
Broad Street Funding Trust I -- City Abstract Llc
Reverse Mortgage Solutions Inc -- None Available
Gray Martha -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walnut Investments Llc $143,000
Closed Walnut Investment Llc $95,000
Previous Owner Gray Martha $187,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2023 10/04/23 Rented $2,700 0.0% --
09/25/2023 09/25/23 For Rent $2,700 +44.0% --
06/15/2019 06/15/19 Rented $1,875 0.0% --
06/07/2019 06/07/19 Under Contract -- -- --
05/17/2019 05/17/19 For Rent $1,875 0.0% --
12/27/2018 12/27/18 Sold $90,750 +14.9% $55 / Sq Ft
12/17/2018 12/17/18 Price Changed $79,000 0.0% $48 / Sq Ft
11/19/2018 11/19/18 Pending -- -- --
11/06/2018 11/06/18 For Sale $79,000 -- $48 / Sq Ft
Source: Bright 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 $6,465 $138,700 $39,000 $99,700
2024 $6,187 $138,700 $39,000 $99,700
2023 $6,187 $138,700 $39,000 $99,700
2022 $5,924 $138,700 $39,000 $99,700
2021 $6,088 $138,700 $39,000 $99,700
2020 $5,936 $138,700 $39,000 $99,700
2019 $5,828 $138,700 $39,000 $99,700
2018 $5,971 $138,700 $39,000 $99,700
2017 $5,907 $138,700 $39,000 $99,700
2016 $5,744 $138,700 $39,000 $99,700
2015 $5,662 $138,700 $39,000 $99,700
2014 $5,426 $138,700 $39,000 $99,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCD2053592

Bright MLS

APN: 31-00132-03-00193