NOT LISTED FOR SALE

56 Sapphire Ln Franklin Park, NJ 08823

Estimated Value: $556,000 - $610,000

3 Beds
2.5 Baths
-- Sq Ft
$288/mo HOA Fee

Last Sold August 29, 2019

Last sale price $375,000

Est. 53% increase in value since last sale

Current estimated payment $3,953/month

45 Days on Market

Highlights

  • Spa
  • Attic Fan
  • Forced Air Heating and Cooling System

About This Home

As of August 2019

This home is located at 56 Sapphire Ln, Franklin Park, NJ 08823 since 14 June 2019 and is currently estimated at $573,380. 56 Sapphire Ln is a home located in Somerset County with nearby schools including Franklin High School, St. Augustine of Canterbury School, and Guidepost Montessori at Kendall Park.

Last Agent to Sell the Property

SWARNA VENKATESAN

NEW AND MODERN GROUP Listed on: 06/14/2019

Last Buyer's Agent

MERRILYN AYALA

REDFIN CORPORATION

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,104

Lot Details

  • 1,220

HOA Fees

  • $288 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Kitchen

  • Gas Oven or Range
  • Self-Cleaning Oven
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Attic

  • Attic Fan

Home Security

Pool

  • Spa

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities

Listing and Financial Details

  • Assessor Parcel Number 2708-00034-0009-00059-0002-C0431

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,104

Lot Details

0

HOA Fees

$288 per month

Parking

1

Listing Details

  • Style: Townhouse-End Unit, Multi Floor Unit
  • Primary Style: Townhouse-End Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built Description: Standing
  • County Name: Somerset
  • Directions: Rt. 27 Right on Vliet, Right on Beacon Hill to Topaz to Sapphire
  • I D: 4906920
  • First Name: SWARNA
  • First Name3: MERRILYN
  • Last Name: VENKATESAN
  • Last Name3: AYALA
  • Office Phone: 286652
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Carbon Monoxide Detector, Range/Oven-Gas, Refrigerator, CookGas, Hot Tub, Washer, Dishwasher, Self Cleaning Oven, Disposal, Kitchen Exhaust Fan, Dryer, Microwave Oven
  • Bedrooms: 3
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Kitchen Area: Separate Dining Area
  • Phone: 732-404-1800

Exterior Features

  • Exterior Description: Brick, Vinyl Siding
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Finished Garage
  • Number Garage Spaces: 1
  • Parking Driveway Description: 1 Car Width

Utilities

  • Cooling: Attic Fan, Central Air
  • Fuel Type: Gas-Natural
  • Heating: Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: All Underground
  • Water: Public Water

Condo/Co-op/Association

  • Association Maintenance Fee: 288
  • Association Maintenance Fee Frequency: Monthly

Lot Info

  • Lot Size: COMMON ELEMENTS
  • 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: 7104
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2708-00034-0009-00059-0002-C0431
  • Tax Rate Amount: 2.254
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2019
Closed on
Sep 10, 2019
Sold by
Puffi Subbarao Prahalada Raju and Rao Nagalakshmi
Bought by
Navaday Ashwin Kumar and Rangdal Sneha
Seller's Agent
SWARNA VENKATESAN
NEW AND MODERN GROUP
Buyer's Agent
MERRILYN AYALA
REDFIN CORPORATION
List Price
$380,000
Sold Price
$375,000
Premium/Discount to List
-$5,000
-1.32%
Current Estimated Value
$573,380

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,380
Avg. Annual Appreciation
7.00%
Original Mortgage
$300,000
Outstanding Balance
$199,462
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$373,918

Purchase Details

Listed on
Jun 14, 2019
Closed on
Jul 11, 2019
Sold by
Subbarao Prahalada Raju Putti and Rao Nagalakshmi
Bought by
Rao Nagalakshmi
Seller's Agent
SWARNA VENKATESAN
NEW AND MODERN GROUP
Buyer's Agent
MERRILYN AYALA
REDFIN CORPORATION
List Price
$380,000
Sold Price
$375,000
Premium/Discount to List
-$5,000
-1.32%

Purchase Details

Closed on
Mar 21, 2015
Sold by
Subbarao Prahalada Raju Putti and Rao Nagalakshmi
Bought by
Subbaro Prahalada Raju Putti and Rao Nagalakshmi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
3.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 31, 2011
Sold by
Moin Amman and Amman Aysha
Bought by
Subbarao Prahalada Raju Putti and Rao Nagalakshmi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2004
Sold by
Montalvo Edward
Bought by
Moin Amman and Amman Aysha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,500
Interest Rate
6.02%

Purchase Details

Closed on
Feb 28, 1990
Sold by
K Hovnanian At Somerset V Inc
Bought by
Montalvo Edward and Montalvo Joyce A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Navaday Ashwin Kumar $375,000 Golden Title Agency
Rao Nagalakshmi -- None Available
Subbaro Prahalada Raju Putti -- Attorney
Subbarao Prahalada Raju Putti $275,000 Golden Title Agency
Moin Amman $290,000 --
Montalvo Edward $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Navaday Ashwin Kumar $300,000
Previous Owner Subbaro Prahalada Raju Putti $208,000
Previous Owner Subbarao Prahalada Raju Putti $220,000
Previous Owner Moin Amman $275,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2019 08/29/19 Sold $375,000 -1.3% --
07/29/2019 07/29/19 Pending -- -- --
06/14/2019 06/14/19 For Sale $380,000 -- --
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 $7,892 $516,900 $200,000 $316,900
2024 $7,892 $437,700 $200,000 $237,700
2023 $7,836 $407,700 $170,000 $237,700
2022 $7,457 $367,700 $130,000 $237,700
2021 $7,516 $337,700 $100,000 $237,700
2020 $7,516 $332,700 $95,000 $237,700
2019 $7,266 $317,700 $80,000 $237,700
2018 $7,281 $315,200 $80,000 $235,200
2017 $6,730 $290,200 $55,000 $235,200
2016 $6,671 $285,200 $50,000 $235,200
2015 $6,625 $285,200 $50,000 $235,200
2014 $6,525 $285,200 $50,000 $235,200
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    SWARNA VENKATESAN

    NEW AND MODERN GROUP

  • M

    Buyer's Agent in 2019

    MERRILYN AYALA

    REDFIN CORPORATION

See All Agents

Map

Source: Garden State MLS

MLS Number: 3565606

Garden State MLS

APN: 08-00034-09-00059-02-C0431

New Jersey Somerset County Franklin Park 08823

56 Sapphire Ln, Franklin Park, NJ

Not Listed for Sale

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