$535,000
SOLD AUG 21, 2025

518 Wheeler Place Somerset, NJ 08873

4 Beds
3 Baths
-- Sq Ft
0.43 Acres

Recently Sold

2% Above List Price

11 Days on Market

About This Home

As of August 2025

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

Last Agent to Sell the Property

Carol Rowe-Mair

RE/MAX FIRST REALTY Brokerage Phone: 732-257-3500 Listed on: 05/24/2025

RE/MAX FIRST REALTY

Last Buyer's Agent

NARADA MAIR

RE/MAX FIRST REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,145

Year Built

  • Built in 1990

Lot Details

  • 0.43 Acre Lot

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,145

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Year Built: 1990
  • County Name: Somerset
  • Street Number Display: 518
  • I D: 5360210
  • Modified: 2025-08-21
  • Number Images: 0
  • Attribution Contact: 732-257-3500
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Bathrooms: 2.10

Lot Info

  • Lot Size: 95X195 AVG
  • Total Acres: 0.43

Ownership History

Date Name Owned For Owner Type

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
Outstanding Balance
$219,179
Interest Rate
6.83%
Estimated Equity
$319,178

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

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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 $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 $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: 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 $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

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Map

Source: Garden State MLS

MLS Number: 3965001

Garden State MLS

APN: 08-00096-0000-00001