NOT LISTED FOR SALE

531 Phillip Ln Watchung, NJ 07069

Estimated Value: $901,000 - $1,023,000

4 Beds
2.5 Baths
-- Sq Ft
1.5 Acres

Last Sold November 18, 2020

Last sale price $678,000

Est. 45% increase in value since last sale

Current estimated payment $6,397/month

182 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Wooded Lot
  • Bayberry Elementary School Rated A-
  • Recreation Room
  • Cathedral Ceiling

About This Home

As of November 2020

This warm and welcoming Tudor Colonial is set on a level 1.5 acre property on a tranquil cul-de-sac. A level yard isn't a common feature in Watchung! Improvements include Timberline roof, Pella French doors, some windows replaced, generator added, updated kitchen and baths, 2020 hot water heater and dishwasher - evidencing a pattern of continuous care. Front to back spacious Living Room and family room allow for numerous windows. Family room has lovely fireplace, bay window. Kitchen has breakfast area with French door to deck. Adjacent laundry/mud room, 2 pantries. Watchung is a sophisticated town with a small town sense of community. Easy commuting via Rt. 78.

Last Agent to Sell the Property

SUSAN J TUCKER

COLDWELL BANKER REALTY Listed on: 04/01/2020

Last Buyer's Agent

Karen Rimondi

COLDWELL BANKER REALTY

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,709

Year Built

  • Built in 1973 | Remodeled

Lot Details

  • 1.5 Acre Lot
  • Level Lot
  • Wooded Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Tudor Architecture
  • Brick Exterior Construction
  • Wood Shingle Roof
  • Composition Shingle Roof
  • Wood Siding
  • Tile

Interior Spaces

  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Thermal Windows
  • Entrance Foyer
  • Family Room
  • Living Room
  • Formal Dining Room
  • Recreation Room
  • Workshop
  • Utility Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Butlers Pantry
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Separate Shower

Laundry

  • Laundry Room
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Deck
  • Storage Shed

Schools

  • Bayberry Elementary School
  • Vally View Middle School
  • Watchung High School

Utilities

  • Forced Air Heating and Cooling System
  • One Cooling System Mounted To A Wall/Window
  • Standard Electricity
  • Generator Hookup
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2721-07008-0000-00013-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,709

Year Built

Built in 1973 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Style: Tudor, Colonial
  • Primary Style: Tudor
  • Subproperty Type: Single Family
  • Year Built: 1973
  • Year Built Description: Approximate, Renovated
  • County Name: Somerset
  • Renovated Year: 2006
  • Street Number Display: 531
  • Directions: Rt. 78 to exit 40,south on Hillcrest, left on Ridge Rd to end, left on Phillip, on left.
  • I D: 4974168
  • Modified: 2021-11-19
  • Number Images: 25
  • First Name: SUSAN J
  • First Name3: KAREN
  • Last Name: TUCKER
  • Last Name3: RIMONDI
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2006

Interior Features

  • Flooring: Carpeting, Tile, Wood
  • Fireplace Description: Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Central Vacuum, CookGas, Dishwasher, Generator-Hookup, Refrigerator, OvnWElec, Washer
  • Interior Amenities: Carbon Monoxide Detector, Cathedral Ceiling, Smoke Detector, StallShw, TubShowr, Walk-In Closet
  • Number Rooms: 8
  • Bedrooms: 4
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished, Full
  • Basement Level Rooms: Rec Room, Utility Room, Workshop
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Eat-In Kitchen, Pantry, Separate Dining Area
  • Kitchen Dim: 19x16
  • Kitchen Level: First
  • Living Room Dim: 23x13
  • Living Room Level: First
  • Other Room 1: Rec Room
  • Other Room1 Dim: 20x13
  • Other Room1 Level: Basement
  • Other Room 2: Rec Room
  • Level 1 Rooms: Dining Room, Family Room, Foyer, Kitchen, Laundry Room, Living Room, Pantry, Powder Room
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other
  • Phone: 908-754-7511

Exterior Features

  • Exterior Description: Brick, Stucco, Wood, Wood Shingle
  • Exterior Features: Deck, Storage Shed, Thermal Windows/Doors
  • Roof Description: Composition Shingle

Garage/Parking

  • Garage Description: Attached Garage, Garage Door Opener
  • Number Garage Spaces: 2
  • Number Parking Spaces: 4
  • Parking Driveway Description: Blacktop

Utilities

  • Cooling: 1 Unit, Ceiling Fan, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • Elementary School: BAYBERRY
  • Middle School: VALLY VIEW
  • High School: WATCHUNG
  • High School: WATCHUNG
  • Middle Jr High School: VALLY VIEW

Lot Info

  • Lot Size: 1.5
  • Assessed Improvement Value: 307500
  • Assessed Land Value: 305000
  • Assessment: 612500
  • Easement: Unknown
  • Lot Description: Level Lot, Wooded Lot
  • Lot Identifier: 13
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 1.50
  • Zoning: Residential

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Street Number Tax: *
  • Tax Amount: 12709
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2721-07008-0000-00013-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.075
  • Tax Rate Tax: *
  • Tax Rate Year: 2019
  • Tax Year Tax: *
  • Tax Year: 2019

MLS Schools

  • Grade School: BAYBERRY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2020
Closed on
Jan 12, 2021
Sold by
Mattiassi Joseph and Morgan-Mattiassi Elizabeth A
Bought by
Nazarian Jack and Munoz Celiday
Seller's Agent
SUSAN J TUCKER
COLDWELL BANKER REALTY
Buyer's Agent
Karen Rimondi
COLDWELL BANKER REALTY
List Price
$695,000
Sold Price
$678,000
Premium/Discount to List
-$17,000
-2.45%
Current Estimated Value
$979,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$301,995
Avg. Annual Appreciation
7.81%
Original Mortgage
$644,100
Outstanding Balance
$574,760
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$405,235

Purchase Details

Listed on
Apr 1, 2020
Closed on
Nov 16, 2020
Sold by
Mattiassi Joseph and Morgan Mattiassi Elizabeth
Bought by
Nazarian Jack and Munoz Celiday
Seller's Agent
SUSAN J TUCKER
COLDWELL BANKER REALTY
Buyer's Agent
Karen Rimondi
COLDWELL BANKER REALTY
List Price
$695,000
Sold Price
$678,000
Premium/Discount to List
-$17,000
-2.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$644,100
Outstanding Balance
$574,760
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$405,235

Purchase Details

Closed on
Jan 19, 2001
Sold by
Dembroski Elizabeth
Bought by
Mattiassi Joe and Matiassi Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
7.52%
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 Buyer Sale Price Title Company
Nazarian Jack $678,000 Fidelity National Title
Nazarian Jack $678,000 Foundation Title Llc
Mattiassi Joe $440,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nazarian Jack $644,100
Previous Owner Nazarian Jack $644,100
Previous Owner Mattiassi Joe $352,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2020 11/18/20 Sold $678,000 -2.4% --
10/02/2020 10/02/20 For Sale $695,000 +2.5% --
09/30/2020 09/30/20 Pending -- -- --
09/26/2020 09/26/20 Off Market $678,000 -- --
07/14/2020 07/14/20 Price Changed $695,000 -3.5% --
06/30/2020 06/30/20 Price Changed $720,000 -3.9% --
04/01/2020 04/01/20 For Sale $749,000 -- --
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
2025 $14,410 $784,100 $383,600 $400,500
2024 $14,410 $721,200 $351,500 $369,700
2023 $13,862 $679,200 $328,400 $350,800
2022 $13,820 $657,800 $318,900 $338,900
2021 $12,709 $638,200 $311,100 $327,100
2020 $13,183 $619,500 $305,000 $314,500
2019 $12,709 $612,500 $305,000 $307,500
2018 $11,926 $599,000 $296,100 $302,900
2017 $11,389 $575,500 $262,000 $313,500
2016 $11,839 $566,200 $262,000 $304,200
2015 $11,291 $533,100 $238,100 $295,000
2014 $10,970 $523,900 $238,100 $285,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3626614

Garden State MLS

APN: 21-07008-0000-00013