NOT LISTED FOR SALE

550 Forest Rd Scotch Plains, NJ 07076

Estimated Value: $554,923 - $678,000

-- Bed
-- Bath
-- Sq Ft
75 Sq Ft Lot

Last Sold May 03, 2022

Last sale price $560,000

Est. 12% increase in value since last sale

Current estimated payment $4,352/month

37 Days on Market

About This Home

As of May 2022

This home is located at 550 Forest Rd, Scotch Plains, NJ 07076 since 05 January 2022 and is currently estimated at $627,231. This property was built in 1910. 550 Forest Rd is a home located in Union County with nearby schools including School One Elementary School, Nettingham Middle School, and Scotch Plains-Fanwood High School.

Last Agent to Sell the Property

Alejandro Guzman

EXP REALTY, LLC Brokerage Phone: 866-201-6210 Listed on: 01/05/2022

EXP REALTY, LLC

Last Buyer's Agent

MANUEL CUNHA

RE/MAX NEW MILLENNIUM GROUP

RE/MAX NEW MILLENNIUM GROUP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,309

Year Built

  • Built in 1910

Lot Details

  • 75 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,309

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Year Built: 1910
  • County Name: Union
  • Street Number Display: 550
  • I D: 5122755
  • Modified: 2023-05-04
  • Number Images: 1
  • Attribution Contact: 866-201-6210
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 75 X 103
  • Total Acres: 0.18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2022
Closed on
Apr 26, 2022
Sold by
King River Investment Llc
Bought by
Carter Rashida
Seller's Agent
Alejandro Guzman
EXP REALTY, LLC
Buyer's Agent
MANUEL CUNHA
RE/MAX NEW MILLENNIUM GROUP
List Price
$549,000
Sold Price
$560,000
Premium/Discount to List
$11,000
2%
Current Estimated Value
$627,231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,231
Avg. Annual Appreciation
3.38%
Original Mortgage
$541,310
Outstanding Balance
$507,943
Interest Rate
3.99%
Mortgage Type
FHA
Estimated Equity
$119,288

Purchase Details

Listed on
Oct 1, 2021
Closed on
Nov 24, 2021
Sold by
Martorina Orazio
Bought by
King Riverside Investment Llc
Seller's Agent
LIM BANCES
LIM BANCES REALTY
Buyer's Agent
LIM BANCES
LIM BANCES REALTY
List Price
$435,000
Sold Price
$465,000
Premium/Discount to List
$30,000
6.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
61.07%

Purchase Details

Closed on
Feb 15, 2006
Sold by
Martorina Orazio
Bought by
Martorina Orazio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
6.16%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 25, 2002
Sold by
Appezzato Mauro
Bought by
Martorina Orizio and Martorina Rosario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$349,250
Interest Rate
6.03%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Average Value
Not Available
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
Carter Rashida $560,000 Ashkenazi Rebecca S
King Riverside Investment Llc $465,000 Hometown Title Agency Llc
Martorina Orazio -- --
Martorina Orizio $301,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carter Rashida $541,310
Previous Owner Martorina Orazio $388,000
Previous Owner Martorina Orizio $349,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2022 05/03/22 Sold $560,000 +2.0% --
02/11/2022 02/11/22 Pending -- -- --
01/05/2022 01/05/22 For Sale $549,000 +18.1% --
12/10/2021 12/10/21 Sold $465,000 +6.9% --
10/15/2021 10/15/21 Pending -- -- --
10/01/2021 10/01/21 For Sale $435,000 -- --
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 $12,309 $104,600 $26,500 $78,100
2024 $11,946 $104,600 $26,500 $78,100
2023 $11,946 $104,600 $26,500 $78,100
2022 $9,468 $83,900 $26,500 $57,400
2021 $9,452 $83,900 $26,500 $57,400
2020 $9,407 $83,900 $26,500 $57,400
2019 $9,337 $83,900 $26,500 $57,400
2018 $9,180 $83,900 $26,500 $57,400
2017 $8,976 $83,900 $26,500 $57,400
2016 $8,804 $83,900 $26,500 $57,400
2015 $8,659 $83,900 $26,500 $57,400
2014 $8,374 $83,900 $26,500 $57,400
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Alejandro Guzman

    EXP REALTY, LLC

    (908) 636-8221

    1 in this area

    40 Total Sales

    Alejandro Guzman
    Section Image
  • MANUEL CUNHA

    Buyer's Agent in 2022

    MANUEL CUNHA

    RE/MAX

    (908) 391-7666

    1 in this area

    32 Total Sales

    MANUEL CUNHA
    Section Image

  • L

    Seller's Agent in 2021

    LIM BANCES

    LIM BANCES REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3758044

Garden State MLS

APN: 16-01401-0000-00037

New Jersey Union County Scotch Plains 07076

550 Forest Rd, Scotch Plains, NJ

This home is located at 550 Forest Rd, Scotch Plains, NJ 07076 since 05 January 2022 and is currently estimated at $627,231. This property was built in 1910. 550 Forest Rd is a home located in Union County with nearby schools including School One Elementary School, Nettingham Middle School, and Scotch Plains-Fanwood High School.

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