$535,000
SOLD AUG 21, 2025

518 Wheeler Place Somerset, NJ 08873

4 Beds
2.5 Baths
2,148 Sq Ft
0.43 Acres

Recently Sold

$249 Per Sq Ft

12 Days on Market

Highlights

  • Colonial Architecture
  • L-Shaped Dining Room
  • 2 Car Attached Garage
  • Corner Lot
  • Porch
  • 1-minute walk to Bascom Park

About This Home

As of August 2025

The deal you've been waiting for! This 4-bedroom, 2.5-bath colonial is being sold strictly as-is. No repairs or credits will be offered. Showings are limited due to tenant occupancyact quickly!" Tenant's first right of refusal for the first two weeks on the market

Last Agent to Sell the Property

Carol Rowe-Mair

RE/MAX FIRST REALTY, INC. Listed on: 05/24/2025

RE/MAX FIRST REALTY, INC.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,145

Year Built

  • Built in 1990

Lot Details

  • 0.43 Acre Lot
  • Lot Dimensions are 95x195
  • Corner Lot
  • Property is zoned R10

Parking

  • 2 Car Attached Garage
  • Side by Side Parking
  • Open Parking

Home Design

  • Colonial Architecture
  • Asphalt Roof

Interior Spaces

  • 2,148 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Living Room
  • L-Shaped Dining Room
  • Utility Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Water Heater
  • Sewer Tap Fee

Community Details

  • New Brunswick Farms Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,145

Year Built

Built in 1990

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.4253
  • Lot Size: 95X195
  • Co List Office Mls Id: RMFR01
  • Ownership: Fee Simple
  • Subdivision Name: New Brunswick Farms
  • Architectural Style: Colonial
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built: 1990
  • Special Features: None
  • Stories: 2

Interior Features

  • Dining Room Features: Dining L
  • Room Kitchen Features: Eat-in Kitchen
  • Appliances: Dishwasher, Dryer, Gas Range/Oven, Refrigerator, Washer, Water Heater
  • Has Basement: Full, Interior Entry, Utility Room
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Carpet, Laminate
  • Interior Amenities: Dining Room, Entrance Foyer, Kitchen, Living Room, 4 Bedrooms, Bath Other, Bath Full, None
  • Living Area: 2148
  • Stories: 2

Exterior Features

  • Lot Features: Corner Lot
  • Exterior Features: Open Porch(es)
  • Patio And Porch Features: Porch
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: 2 Car Width, Attached

Utilities

  • Gas Company: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Sewer Charge
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association #2 Fee Frequency: Monthly

Lot Info

  • Lot Size Sq Ft: 18526
  • Zoning: R10

Tax Info

  • Tax Annual Amount: 9145
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2025
Closed on
Aug 6, 2025
Sold by
Dunn Lascelles and Dunn Sherita
Bought by
Reid Kenneth A
Seller's Agent
Carol Rowe-Mair
RE/MAX FIRST REALTY
Buyer's Agent
NARADA MAIR
RE/MAX FIRST REALTY
List Price
$525,000
Sold Price
$535,000
Premium/Discount to List
$10,000
1.9%
Views
84

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.35%
Original Mortgage
$22,000
Outstanding Balance
$22,000
Interest Rate
6.72%
Estimated Equity
$516,357

Purchase Details

Closed on
Aug 28, 2006
Sold by
Reid Kenneth
Bought by
Dunn Lascelles and Dunn Sherita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
6.83%

Purchase Details

Closed on
Jul 30, 2004
Sold by
Arico Anthony
Bought by
Reid Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,300
Interest Rate
11%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 11, 2000
Sold by
1St National Asso
Bought by
Carmen Harold

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,400
Interest Rate
8.18%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $535,000 Fidelity National Title
Deed $535,000 Fidelity National Title
Deed $450,000 --
Deed $307,000 --
Deed $307,000 None Available
Deed $165,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $22,000 No Value Available
Closed $22,000 No Value Available
Open $525,309 FHA
Closed $525,309 FHA
Previous Owner $360,000 No Value Available
Previous Owner $276,300 Adjustable Rate Mortgage/ARM
Previous Owner $132,400 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2025 08/21/25 Sold $535,000 +1.9% --
06/04/2025 06/04/25 Pending -- -- --
05/24/2025 05/24/25 For Sale $525,000 -- --
Source: All Jersey 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 $9,145 $601,000 $287,400 $313,600
2024 $9,145 $501,900 $287,400 $214,500
2023 $8,986 $463,200 $248,700 $214,500
2022 $8,667 $423,200 $208,700 $214,500
2021 $8,096 $363,200 $148,700 $214,500
2020 $8,306 $363,200 $148,700 $214,500
2019 $8,187 $353,200 $138,700 $214,500
2018 $7,991 $341,200 $126,700 $214,500
2017 $8,022 $341,200 $126,700 $214,500
2016 $8,090 $341,200 $126,700 $214,500
2015 $8,059 $342,200 $127,700 $214,500
2014 $8,055 $347,200 $132,700 $214,500
Source: Public Records

Agents Affiliated with this Home

  • Carol Rowe-Mair

    Seller's Agent in 2025

    Carol Rowe-Mair

    RE/MAX

    (908) 451-5823

    8 in this area

    65 Total Sales

    Carol Rowe-Mair
    Section Image

  • N

    Buyer's Agent in 2025

    NARADA MAIR

    RE/MAX

See All Agents

Map

Source: All Jersey MLS

MLS Number: 2561654M

All Jersey MLS

APN: 08-00096-0000-00001

New Jersey Somerset County Somerset 08873

518 Wheeler Place, Somerset, NJ

This home is located at 518 Wheeler Place, Somerset, NJ 08873 and is currently priced at $535,000, approximately $249 per square foot. This property was built in 1990. 518 Wheeler Place is a home located in Somerset County with nearby schools including Franklin High School, Cedar Hill Preparatory School, and New Road School of Somerset.

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