NOT LISTED FOR SALE

55 Drake Rd Somerset, NJ 08873

Estimated Value: $582,000 - $642,521

4 Beds
2.5 Baths
-- Sq Ft
29,621 Sq Ft Lot

Last Sold December 22, 2015

Last sale price $310,000

Est. 98% increase in value since last sale

Current estimated payment $3,908/month

54 Days on Market

Highlights

  • 0.68 Acre Lot
  • Attic
  • No HOA
  • Wood Flooring
  • 1 Fireplace
  • Eat-In Kitchen

About This Home

As of December 2015

This is a great opportunity to purchase a roomy, beautifully kept four bedroom home. Baths have been updated and there is original hardwood through the living room and all four bedrooms. The family room features newer carpeting and a brick, wood burning fireplace that will warm any chilly evening. The adjacent eat-in kitchen is very spacious with brand new refrigerator and a large picture window for panoramic views of the sizable yard as well as ample natural light. The laundry room is discretely hidden behind louvered doors in the kitchen area. On the other side of the kitchen is a generous formal dining room. There are newer windows throughout the home and the roof was replaced in 8/2013. Enjoy the wonderful parks that Franklin Township has to offer. Priced to sell!

Last Agent to Sell the Property

MARY DOWDELL-JEFFRIES

mary.jeffries@cbmoves.com Coldwell Banker Residential Brokerage - Princeton License #TREND:60014075 Listed on: 09/03/2015

Last Buyer's Agent

Maria Sitoy

(866) 201-6210 nj.broker@exprealty.net EXP Realty, LLC License #0230032

EXP Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,498

Year Built

  • Built in 1968

Lot Details

  • 0.68 Acre Lot
  • Lot Dimensions are 93x319
  • Property is zoned R10

Home Design

  • Vinyl Siding

Interior Spaces

  • Property has 3 Levels
  • 1 Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Unfinished Basement
  • Partial Basement
  • Eat-In Kitchen
  • Laundry on main level
  • Attic

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Bathroom
  • 2.5 Bathrooms

Parking

  • 1 Open Parking Space
  • 2 Parking Spaces

Utilities

  • Central Air
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00039
  • Assessor Parcel Number 08-00361-00039

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,498

Year Built

Built in 1968

Lot Details

0.68 Acres

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Washer, Dryer, Refrigerator All Light Fixtures
  • Inclusions: None As Per Mls
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1968
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Wood, Fully Carpeted
  • Interior Amenities: Primary Bath(s), Kitchen - Eat-In
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Entry Location: Foyer
  • Levels Count: 3+
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Attic
  • Basement: Yes
  • Basement Type: Partial, Unfinished
  • Laundry Type: Main Floor

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2.00
  • Main Level Half Bathrooms: 1

Exterior Features

  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 1
  • Total Garage And Parking Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Improvement Assessed Value: 174000.00
  • Land Assessed Value: 106100.00
  • Lot Size Acres: 0.68
  • Lot Dimensions: 93X319
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 29669.00
  • Zoning: R10

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3218704
  • Tax Annual Amount: 6498.00
  • Assessor Parcel Number: 08-00361-00039
  • Tax Lot: 00039
  • Tax Year: 2014

MLS Schools

  • School District Name: FRANKLIN TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2015
Closed on
Dec 22, 2015
Sold by
Folkes Patrick
Bought by
Taveras Jose A and Rivera Taveras Chavely D
Seller's Agent
MARY DOWDELL-JEFFRIES
Coldwell Banker Residential Brokerage - Princeton
Buyer's Agent
Maria Sitoy
EXP Realty, LLC
List Price
$310,000
Sold Price
$310,000
Current Estimated Value
$615,130

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$305,130
Avg. Annual Appreciation
6.93%
Original Mortgage
$299,150
Outstanding Balance
$237,284
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$377,846

Purchase Details

Closed on
Oct 29, 1993
Sold by
Stephenson Ronald
Bought by
Hemans Linnette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,000
Interest Rate
6.72%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Taveras Jose A $310,000 Attorney
Hemans Linnette $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taveras Jose A $299,150
Previous Owner Hemans Linnette $157,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2015 12/22/15 Sold $310,000 0.0% --
10/27/2015 10/27/15 Pending -- -- --
10/04/2015 10/04/15 For Sale $310,000 0.0% --
09/15/2015 09/15/15 Pending -- -- --
09/03/2015 09/03/15 For Sale $310,000 -- --
Source: Bright MLS

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 $8,915 $570,100 $314,200 $255,900
2024 $8,915 $489,300 $314,200 $175,100
2023 $8,588 $442,700 $267,600 $175,100
2022 $8,370 $408,700 $233,600 $175,100
2021 $7,759 $348,100 $174,100 $174,000
2020 $7,767 $339,600 $165,600 $174,000
2019 $7,675 $331,100 $157,100 $174,000
2018 $7,455 $318,300 $144,300 $174,000
2017 $7,185 $305,600 $131,600 $174,000
2016 $7,044 $297,100 $123,100 $174,000
2015 $6,695 $284,300 $110,300 $174,000
2014 $6,498 $280,100 $106,100 $174,000
Source: Public Records

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Map

Source: Bright MLS

MLS Number: 1002689170

Bright MLS

APN: 08-00361-0000-00039

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