NOT LISTED FOR SALE

54 Gregory Ln Franklin Park, NJ 08823

Estimated Value: $361,000 - $396,000

2 Beds
2 Baths
1,311 Sq Ft
$275/mo HOA Fee

Last Sold October 06, 2020

Last sale price $220,000 $168 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $2,788/month

27 Days on Market

Highlights

  • Private Pool
  • High Ceiling
  • Patio
  • Clubhouse
  • Eat-In Kitchen
  • Accessible Bedroom

About This Home

As of October 2020

Penthouse! Recently renovated! Carpet! Updated eat-in kitchen with stainless steel appliances. Master bedroom with full bathroom. Living room/ dining room combo. Washer/dryer. Commuters Dream! Bus service to NYC! Train station! RWJH! Rutgers University!

Last Agent to Sell the Property

Chiquita Pittman

RE/MAX FIRST REALTY Listed on: 06/30/2020

RE/MAX FIRST REALTY

Last Buyer's Agent

Atul Rastogi

SHARE N CARE REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,760

Year Built

  • Built in 1991

Lot Details

  • 697

HOA Fees

  • $275 Monthly HOA Fees

Home Design

  • Aluminum Siding

Interior Spaces

  • 1,311 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Living Room with Fireplace
  • Family or Dining Combination

Kitchen

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

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms
  • Separate Shower

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 1 Parking Space
  • Assigned Parking

Accessible Home Design

  • Accessible Bedroom

Outdoor Features

  • Private Pool
  • Patio

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Underground Utilities
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2708-00020-0003-00009-0003-C1706
  • Tax Block *

Community Details

Overview

  • Association fees include maintenance-common area, maintenance-exterior, snow removal

Amenities

  • Clubhouse

Recreation

  • Community Pool
  • Tennis Courts

Pet Policy

  • Pets Allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,760

Year Built

Built in 1991

Lot Details

0

HOA Fees

$275 per month

Listing Details

  • Style: One Floor Unit
  • Primary Style: One Floor Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 1991
  • Year Built Description: Approximate
  • County Name: Somerset
  • Street Number Display: 54
  • Directions: Route 27 to South Middebush Road left on Edwards Drive to Gregory Lane
  • I D: 4994734
  • Modified: 2021-10-07
  • Number Images: 16
  • Section Subdiv Development: Society Hill VI
  • First Name: CHIQUITA
  • First Name3: ATUL
  • Last Name: PITTMAN
  • Last Name3: RASTOGI
  • Office Phone: 732-821-6400 x222
  • Office Phone3: 908-452-5885
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpeting, Vinyl-Linoleum
  • Fireplace Description: Living Room
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Dishwasher, Dryer, Range/Oven-Gas, Refrigerator, Washer
  • Interior Amenities: Fire Extinguisher, High Ceilings, Smoke Detector, StallShw
  • Number Rooms: 5
  • Bedrooms: 2
  • Master Bedroom Desc: Full Bath
  • Bedroom 1 Level: Ground
  • Bedroom 2 Level: Ground
  • Primary Bathroom Features: Stall Shower
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Dining Room Level: Ground
  • Dining Area: Living/Dining Combo
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Level: Ground
  • Living Room Level: Ground
  • Estimated Sq Ft: 1311
  • Ground Level Rooms: 2 Bedrooms, Bath Main, Bath(s) Other, LivDinRm
  • Phone: 732-821-6400

Exterior Features

  • Exterior Description: Aluminum Siding
  • Exterior Features: Patio, Sidewalk, Tennis Courts
  • Pool: Yes
  • Pool Description: Association Pool
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Number Parking Spaces: 1
  • Parking Driveway Description: Assigned

Utilities

  • Cooling: 1 Unit
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit
  • Sewer: Public Sewer
  • Utilities: All Underground
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Amenities: Club House, Pool-Outdoor
  • Association Maintenance Fee: 275
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area, Maintenance-Exterior, Snow Removal

Lot Info

  • Lot Size: COMMON ELEMENTS
  • Assessed Improvement Value: 173300
  • Assessed Land Value: 40000
  • Assessment: 213300
  • Lot Description: Flag Lot
  • Lot Identifier: 9.3
  • Lot I D Tax: *
  • Lot Size Tax: *

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 4760
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2708-00020-0003-00009-0003-C1706
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.232
  • Tax Rate Tax: *
  • Tax Rate Year: 2019
  • Tax Year Tax: *
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2020
Closed on
Oct 8, 2020
Sold by
Pallai Nicholas P and Pallai Melissa
Bought by
Singh Lokender
Seller's Agent
Chiquita Pittman
RE/MAX FIRST REALTY
Buyer's Agent
Atul Rastogi
SHARE N CARE REALTY
List Price
$230,000
Sold Price
$220,000
Premium/Discount to List
-$10,000
-4.35%
Current Estimated Value
$383,716

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,716
Avg. Annual Appreciation
11.77%
Original Mortgage
$120,000
Outstanding Balance
$86,248
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$297,468

Purchase Details

Listed on
Jun 30, 2020
Closed on
Sep 23, 2020
Sold by
Pallaj Nicholas P and Pallaj Melissa
Bought by
Singh Lokender
Seller's Agent
Chiquita Pittman
RE/MAX FIRST REALTY
Buyer's Agent
Atul Rastogi
SHARE N CARE REALTY
List Price
$230,000
Sold Price
$220,000
Premium/Discount to List
-$10,000
-4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Outstanding Balance
$86,248
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$297,468

Purchase Details

Closed on
May 19, 2004
Sold by
Petrella Michael
Bought by
Pallai Nicholas P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,800
Interest Rate
5.99%

Purchase Details

Closed on
Dec 16, 2002
Sold by
Brown Russel
Bought by
Petrella Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
6.02%

Purchase Details

Closed on
Jan 15, 1998
Sold by
Leahy Maureen
Bought by
Miller Lori

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7.08%

Purchase Details

Closed on
Sep 24, 1990
Sold by
K Hovnanian At Somerset Vi Inc
Bought by
Leahy Maureen E
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
Singh Lokender $220,000 Golden Title
Singh Lokender $220,000 Golden Title Agency
Pallai Nicholas P $196,000 --
Petrella Michael $165,000 --
Miller Lori $95,000 --
Leahy Maureen E $109,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Singh Lokender $120,000
Closed Singh Lokender $120,000
Previous Owner Pallai Nicholas P $156,800
Previous Owner Petrella Michael $165,000
Previous Owner Miller Lori $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/06/2020 10/06/20 Sold $220,000 -4.3% $168 / Sq Ft
07/27/2020 07/27/20 Pending -- -- --
06/30/2020 06/30/20 For Sale $230,000 -- $175 / Sq Ft
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 $5,649 $371,000 $140,000 $231,000
2024 $5,649 $313,300 $140,000 $173,300
2023 $5,637 $293,300 $120,000 $173,300
2022 $5,137 $253,300 $80,000 $173,300
2021 $5,039 $228,300 $55,000 $173,300
2020 $4,931 $218,300 $45,000 $173,300
2019 $4,878 $213,300 $40,000 $173,300
2018 $4,253 $184,100 $15,000 $169,100
2017 $4,269 $184,100 $15,000 $169,100
2016 $4,306 $184,100 $15,000 $169,100
2015 $4,277 $184,100 $15,000 $169,100
2014 $4,212 $184,100 $15,000 $169,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3644506

Garden State MLS

APN: 08-00020-03-00009-03-C1706