NOT LISTED FOR SALE

516 Somerset Dr Haddonfield, NJ 08033

Estimated Value: $1,582,000 - $1,984,000

4 Beds
6 Baths
5,334 Sq Ft
$339/Sq Ft Est. Value

Last Sold November 15, 2021

Last sale price $1,050,000 $197 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $12,090/month

Highlights

  • Colonial Architecture
  • Recreation Room
  • Sitting Room
  • Haddonfield Memorial High School Rated A+
  • No HOA
  • 2 Car Attached Garage

About This Home

As of November 2021

This home is located at 516 Somerset Dr, Haddonfield, NJ 08033 since 09 September 2021 and is currently estimated at $1,809,741, approximately $339 per square foot. This property was built in 2005. 516 Somerset Dr is a home located in Camden County with nearby schools including Haddonfield Memorial High School, Christ the King Regional School, and Haddonfield Friends School.

Last Agent to Sell the Property

Gary Vermaat

(609) 238-3438 gvermaat@lvlrealtors.com Prominent Properties Sotheby's International Realty License #7871830 Listed on: 09/09/2021

Prominent Properties Sotheby's International Realty

Last Buyer's Agent

Gary Vermaat

(609) 238-3438 gvermaat@lvlrealtors.com Prominent Properties Sotheby's International Realty License #7871830 Listed on: 09/09/2021

Prominent Properties Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,384

Year Built

  • Built in 2005

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 116.00 x 120.00

Parking

  • 2 Car Attached Garage
  • Side Facing Garage

Home Design

  • Colonial Architecture
  • Brick Foundation
  • Frame Construction

Interior Spaces

  • 5,334 Sq Ft Home
  • Property has 2 Levels
  • Family Room
  • Sitting Room
  • Living Room
  • Dining Room
  • Recreation Room
  • Laundry Room
  • Finished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms

Schools

  • Haddonfield Memorial High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Birdwood Subdivision

Listing and Financial Details

  • Tax Lot 00012
  • Assessor Parcel Number 17-00002-00012

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,384

Year Built

Built in 2005

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 2005
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Foundation Details: Brick/Mortar
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Sitting Room, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Laundry, Recreation Room, Primary Bathroom
  • Basement: Yes
  • Basement Type: Fully Finished
  • Total Sq Ft: 5334
  • Living Area Sq Ft: 5334
  • Price Per Sq Ft: 196.85
  • Above Grade Finished Sq Ft: 5334
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 6
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 3
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 3.00
  • Lower Levels Bathrooms: 1.00
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 2

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 Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Side Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

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: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • High School Source: 3rd Party
  • School District Source: 3rd Party
  • High School: HADDONFIELD MEMORIAL

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 603500.00
  • Land Assessed Value: 336800.00
  • Lot Size Acres: 0.32
  • Lot Dimensions: 116.00 x 120.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13920.00
  • Zoning: RESID

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1882826
  • Tax Annual Amount: 29384.00
  • Assessor Parcel Number: 17-00002-00012
  • Tax Lot: 00012
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: HADDONFIELD BOROUGH PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2021
Closed on
Nov 12, 2021
Sold by
Kwak and Helen
Bought by
Kropp William and Kropp Gina Hall
Seller's Agent
Gary Vermaat
Prominent Properties Sotheby's International Realty
Buyer's Agent
Gary Vermaat
Prominent Properties Sotheby's International Realty
List Price
$1,050,000
Sold Price
$1,050,000
Current Estimated Value
$1,809,741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$759,741
Avg. Annual Appreciation
14.43%
Original Mortgage
$787,500
Outstanding Balance
$721,612
Interest Rate
3.14%
Mortgage Type
New Conventional
Estimated Equity
$1,088,129

Purchase Details

Closed on
Jun 5, 2009
Sold by
Kwak Jinhee
Bought by
Kwak Jinhee and Ro Helen

Purchase Details

Closed on
Jun 1, 2005
Sold by
Schneider Jeffrey C
Bought by
Kwak Jinhee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5.82%

Purchase Details

Closed on
Jan 8, 2004
Sold by
Schofield Catherine P
Bought by
Schneider Jeffrey C and Carlyle Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.82%
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
Kropp William $1,050,000 None Listed On Document
Kwak Jinhee -- --
Kwak Jinhee $910,000 --
Schneider Jeffrey C $400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kropp William $787,500
Previous Owner Kwak Jinhee $650,000
Previous Owner Schneider Jeffrey C $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2021 11/15/21 Sold $1,050,000 0.0% $197 / Sq Ft
09/09/2021 09/09/21 Pending -- -- --
09/09/2021 09/09/21 For Sale $1,050,000 -- $197 / 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 $31,186 $965,200 $336,800 $628,400
2024 $30,771 $965,200 $336,800 $628,400
2023 $30,771 $965,200 $336,800 $628,400
2022 $29,742 $940,300 $336,800 $603,500
2021 $29,591 $940,300 $336,800 $603,500
2020 $29,384 $940,300 $336,800 $603,500
2019 $291 $940,300 $336,800 $603,500
2018 $28,801 $940,300 $336,800 $603,500
2017 $28,115 $940,300 $336,800 $603,500
2016 $27,485 $940,300 $336,800 $603,500
2015 $26,723 $940,300 $336,800 $603,500
2014 $26,131 $940,300 $336,800 $603,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCD2007134

Bright MLS

APN: 17-00002-0000-00012