$451,000
SOLD JUN 2, 2023

541 Scotland Rd South Orange, NJ 07079

5 Beds
3 Baths
2,785 Sq Ft
8,581 Sq Ft Lot

Recently Sold

$162 Per Sq Ft

15% Below List Price

118 Days on Market

About This Home

As of February 2024

This home is located at 541 Scotland Rd, South Orange, NJ 07079 and is currently priced at $451,000, approximately $161 per square foot. This property was built in 1968. 541 Scotland Rd is a home located in Essex County with nearby schools including Marshall Elementary School, South Orange Middle School, and Columbia Senior High School.

Last Agent to Sell the Property

Christopher Rose

REALHOME SERVICES & SOLUTIONS INC Brokerage Phone: 678-201-0475 Listed on: 01/10/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,130

Year Built

  • Built in 1968

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,130

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Year Built: 1968
  • County Name: Essex
  • Street Number Display: 541
  • I D: 5197775
  • Modified: 2024-06-03
  • Number Images: 1
  • Attribution Contact: 678-201-0475
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Bathrooms: 2.10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2023
Closed on
Feb 8, 2024
Sold by
Soulmate Real Estate
Bought by
Kostiuk Andrii and Batista Laurie
Seller's Agent
Natalie Farrell
WEICHERT REALTORS
Buyer's Agent
April Nicole Blount
BHHS FOX & ROACH
List Price
$750,000
Sold Price
$805,000
Premium/Discount to List
$55,000
7.33%
Views
330
Current Estimated Value
$865,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,585
Avg. Annual Appreciation
5.13%
Original Mortgage
$764,750
Outstanding Balance
$755,022
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
$110,563

Purchase Details

Listed on
Jan 10, 2023
Closed on
May 23, 2023
Sold by
Fremont Home Loan Trust
Bought by
Soulmate Real Estate Llc
Seller's Agent
Christopher Rose
REALHOME SERVICES & SOLUTIONS INC
List Price
$530,000
Sold Price
$451,000
Premium/Discount to List
-$79,000
-14.91%
Views
406

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
131.56%
Original Mortgage
$499,000
Interest Rate
6.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 2022
Sold by
Essex County Sheriff
Bought by
Fremont Home Loan Trust and Woodbridge Med Assoc

Purchase Details

Closed on
Aug 25, 1983
Bought by
Williams Veronica
Source: Public Records

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Range of Values:

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Average Value
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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 $805,000 None Listed On Document
Bargain Sale Deed $451,000 Premium Title Services
Sheriffs Deed $355,000 --
Deed $86,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $764,750 New Conventional
Previous Owner $499,000 New Conventional
Previous Owner $261,000 Adjustable Rate Mortgage/ARM
Previous Owner $150,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2024 02/09/24 Sold $805,000 +7.3% $289 / Sq Ft
12/14/2023 12/14/23 Pending -- -- --
12/06/2023 12/06/23 For Sale $750,000 +66.3% $269 / Sq Ft
06/02/2023 06/02/23 Sold $451,000 +0.1% $162 / Sq Ft
05/08/2023 05/08/23 Pending -- -- --
04/17/2023 04/17/23 Price Changed $450,500 -9.9% $162 / Sq Ft
03/10/2023 03/10/23 Price Changed $499,900 -5.2% $179 / Sq Ft
02/14/2023 02/14/23 Price Changed $527,300 -0.5% $189 / Sq Ft
01/10/2023 01/10/23 For Sale $530,000 -- $190 / 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
2024 $16,130 $710,100 $327,200 $382,900
2022 $15,554 $443,500 $235,600 $207,900
2021 $15,012 $443,500 $235,600 $207,900
2020 $14,547 $443,500 $235,600 $207,900
2019 $14,183 $443,500 $235,600 $207,900
2018 $13,970 $443,500 $235,600 $207,900
2017 $13,624 $443,500 $235,600 $207,900
2016 $13,069 $341,400 $115,400 $226,000
2015 $12,765 $341,400 $115,400 $226,000
2014 $12,499 $341,400 $115,400 $226,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3823858

Garden State MLS

APN: 19-00408-0000-00007