NOT LISTED FOR SALE

557 Homer Terrace Union, NJ 07083

Estimated Value: $523,403 - $665,000

5 Beds
2 Baths
-- Sq Ft
5,663 Sq Ft Lot

Last Sold March 31, 2023

Last sale price $500,000

Est. 22% increase in value since last sale

Current estimated payment $4,120/month

5 Days on Market

About This Home

As of March 2023

This home is located at 557 Homer Terrace, Union, NJ 07083 since 05 December 2022 and is currently estimated at $610,851. 557 Homer Terrace is a home located in Union County with nearby schools including Washington Elementary School, Union High School, and St Michael Parish School.

Last Agent to Sell the Property

Michael Martinetti

KELLER WILLIAMS REALTY Brokerage Phone: 908-233-8502 Listed on: 12/05/2022

KELLER WILLIAMS REALTY

Last Buyer's Agent

Michael Martinetti

KELLER WILLIAMS REALTY Brokerage Phone: 908-233-8502 Listed on: 12/05/2022

KELLER WILLIAMS REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,416

Lot Details

  • 5,663 Sq Ft Lot

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,416

Lot Details

0

Listing Details

  • County Name: Union
  • Street Number Display: 557
  • I D: 5193364
  • Modified: 2024-04-01
  • Number Images: 1
  • Attribution Contact: 908-233-8502
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Bathrooms: 2.00

Lot Info

  • Lot Size: 55X100
  • Total Acres: 0.13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 8, 2023
Sold by
Schwartz Jacob
Bought by
Schwartz Shimon and Schwartz Leah
Current Estimated Value
$610,851

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Outstanding Balance
$464,812
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$146,039

Purchase Details

Listed on
Dec 5, 2022
Closed on
Apr 3, 2023
Sold by
Genova Jeanne M
Bought by
Friedman Mordechai and Friedman Malky
Seller's Agent
Michael Martinetti
KELLER WILLIAMS REALTY
Buyer's Agent
Michael Martinetti
KELLER WILLIAMS REALTY
List Price
$489,000
Sold Price
$500,000
Premium/Discount to List
$11,000
2.25%
Views
53

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.27%
Original Mortgage
$494,000
Interest Rate
6.32%

Purchase Details

Listed on
Dec 5, 2022
Closed on
Mar 31, 2023
Sold by
Strand Caryl
Bought by
Schwartz Jacob
Seller's Agent
Michael Martinetti
KELLER WILLIAMS REALTY
Buyer's Agent
Michael Martinetti
KELLER WILLIAMS REALTY
List Price
$489,000
Sold Price
$500,000
Premium/Discount to List
$11,000
2.25%
Views
53

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$494,000
Interest Rate
6.32%
Source: Public Records

Range of Values:

Collateral Analytics

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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
Schwartz Shimon $500,000 Stewart Title
Schwartz Shimon $500,000 Stewart Title
Friedman Mordechai $520,000 Stewart Title
Schwartz Jacob $500,000 Stewart Title
Schwartz Jacob $500,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schwartz Shimon $475,000
Closed Schwartz Shimon $475,000
Previous Owner Friedman Mordechai $494,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2023 03/31/23 Sold $500,000 +2.2% --
12/16/2022 12/16/22 Pending -- -- --
12/10/2022 12/10/22 For Sale $489,000 -- --
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 $10,416 $61,000 $20,400 $40,600
2024 $10,098 $46,600 $20,400 $26,200
2023 $10,098 $46,600 $20,400 $26,200
2022 $9,747 $46,600 $20,400 $26,200
2021 $9,511 $46,600 $20,400 $26,200
2020 $9,321 $46,600 $20,400 $26,200
2019 $9,196 $46,600 $20,400 $26,200
2018 $9,039 $46,600 $20,400 $26,200
2017 $8,905 $46,600 $20,400 $26,200
2016 $8,688 $46,600 $20,400 $26,200
2015 $8,294 $46,600 $20,400 $26,200
2014 $8,103 $46,600 $20,400 $26,200
Source: Public Records

Agents Affiliated with this Home

  • Michael Martinetti

    Seller's Agent in 2023

    Michael Martinetti

    KELLER WILLIAMS REALTY

    (908) 514-4869

    402 in this area

    1,203 Total Sales

    Michael Martinetti
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3820286

Garden State MLS

APN: 19-02513-0000-00003

New Jersey Union County Union Township 07083

557 Homer Terrace, Union Township, NJ

This home is located at 557 Homer Terrace, Union, NJ 07083 since 05 December 2022 and is currently estimated at $610,851. 557 Homer Terrace is a home located in Union County with nearby schools including Washington Elementary School, Union High School, and St Michael Parish School.

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