NOT LISTED FOR SALE

560 Equator Ave Somerset, NJ 08873

Estimated Value: $394,000 - $472,000

3 Beds
1 Bath
1,104 Sq Ft
$408/Sq Ft Est. Value

Last Sold May 25, 2022

Last sale price $295,000 $267 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $2,848/month

87 Days on Market

Highlights

  • Cape Cod Architecture
  • Family Room Off Kitchen
  • Walk-in Shower
  • No HOA
  • Eat-In Kitchen
  • Ceiling Fan

About This Home

As of May 2022

FINALLY…..A CHARMING AND COMFY BUNGALOW MEETS CAPE-STYLE HOME THAT HAS YOUR NAME WRITTEN ALL OVER IT! Boasting LOW PROPERTY TAXES. Ideal place to live and work-from-home for anyone who telecommutes. Perfect for first-time homebuyers, plus buyers moving up from a condo and also ideal for anyone downsizing. NEW custom wood entry stairs lead to a quaint enclosed porch flanked by NEW windows that allow the gorgeous natural light to shine through. Cozy living room leads to the spacious eat-in kitchen and dining room/family room combo. Basement is ready for finishing and provides plenty of room for storage plus features a NEWER hot water heater and upgraded boiler. Washer and Dryer convey with home sale. Tucked away on a lovely cul de sac-like street this 3–bedroom beauty offers more than 1,100+ sq ft, over 1/2 an acre of land leads to a huge backyard with privacy allows for expansion. Plenty of room in the yard for a possible pool, trampoline, shed and even a swing set. One great bonus of owning this home is that you will also own an additional piece of land on the next street beyond your rear fence. A driveway large enough to accommodate multiple vehicles plus a handy storage shed in the front all add great value to this special home. Thoughtful neighbors who also take pride in the upkeep of their homes is another great benefit of living here at 560 Equator Avenue. Close to many important major roadways including 287 and 202, as well as shopping, movies, restaurants, colleges and hospitals. Perfect location to easily community to NYC, Princeton, Trenton or Philadelphia. Airports and beaches are within a short 1-hour distance. Conventional and Cash financing is accepted. THIS IS A RARE OPPORTUNITY YOU DON’T WANT TO MISS. Book a showing tour today!

Last Agent to Sell the Property

Amber Noble

(732) 991-9426 amber@ambertherealestateexpert.com Keller Williams - Main Street License #0790718 Listed on: 12/05/2021

Keller Williams - Main Street

Last Buyer's Agent

Ahmed Soliman

(201) 391-2500 asoliman@alexander-anderson.com Alexander Anderson Real Estate Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,877

Year Built

  • Built in 1910

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 120.00 x 100.00
  • Property is in good condition
  • Property is zoned R10

Home Design

  • Cape Cod Architecture
  • Bungalow
  • Brick Foundation
  • Frame Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,104 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Family Room Off Kitchen
  • Dining Area
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Walk-in Shower

Laundry

  • Electric Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces
  • On-Street Parking
  • Off-Site Parking

Utilities

  • Cooling System Utilizes Natural Gas
  • Hot Water Baseboard Heater
  • Underground Utilities
  • Well
  • Natural Gas Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00003
  • Assessor Parcel Number 08-00561-00003

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,877

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow, Cape Cod
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2021-12-06
  • Year Built: 1910
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer - Electric, Washer, Refrigerator, Oven/Range - Gas
  • Interior Amenities: Ceiling Fan(s), Dining Area, Family Room Off Kitchen, Kitchen - Eat-In, Stall Shower
  • Foundation Details: Concrete Perimeter, Brick/Mortar
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1104
  • Living Area Sq Ft: 1104
  • Price Per Sq Ft: 271.74
  • Above Grade Finished Sq Ft: 1104
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Roof: Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Off Site, On Street
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Natural Gas
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Private Septic Tank
  • Utilities: Under Ground
  • Water Source: Well

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 89000.00
  • Land Assessed Value: 131200.00
  • Lot Size Acres: 0.28
  • Lot Dimensions: 120.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12000.00
  • Property Condition: Good
  • Zoning: R10

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3227107
  • Tax Annual Amount: 4877.00
  • Assessor Parcel Number: 08-00561-00003
  • Tax Lot: 00003
  • Tax Data Updated: No
  • Tax Year: 2021

MLS Schools

  • School District Name: FRANKLIN TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 12, 2024
Sold by
560 Equator Ave Llc
Bought by
Morrison Paul L
Current Estimated Value
$450,601

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,648
Outstanding Balance
$285,372
Interest Rate
7.03%
Mortgage Type
FHA
Estimated Equity
$165,229

Purchase Details

Listed on
Dec 5, 2021
Closed on
May 5, 2022
Sold by
David Capozzo
Bought by
560 Equator Ave Llc
Seller's Agent
Amber Noble
Keller Williams - Main Street
Buyer's Agent
Ahmed Soliman
Alexander Anderson Real Estate Group
List Price
$300,000
Sold Price
$295,000
Premium/Discount to List
-$5,000
-1.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.79%
Original Mortgage
$265,500
Interest Rate
5.1%
Mortgage Type
Construction
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
Morrison Paul L -- None Listed On Document
Morrison Paul L -- None Listed On Document
560 Equator Ave Llc $295,000 Avrin Valerie F
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morrison Paul L $290,648
Closed Morrison Paul L $290,648
Previous Owner 560 Equator Ave Llc $265,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/25/2022 05/25/22 Sold $295,000 -1.7% $267 / Sq Ft
03/03/2022 03/03/22 Pending -- -- --
12/05/2021 12/05/21 For Sale $300,000 -- $272 / Sq Ft
Source: Bright 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 $5,703 $354,700 $224,700 $130,000
2024 $5,703 $313,700 $224,700 $89,000
2023 $5,237 $271,200 $182,200 $89,000
2022 $5,007 $245,700 $156,700 $89,000
2021 $4,877 $220,200 $131,200 $89,000
2020 $4,600 $203,200 $114,200 $89,000
2019 $4,678 $203,200 $114,200 $89,000
2018 $4,726 $203,200 $114,200 $89,000
2017 $4,743 $203,200 $114,200 $89,000
2016 $4,777 $203,200 $114,200 $89,000
2015 $4,745 $203,200 $114,200 $89,000
2014 $4,678 $203,200 $114,200 $89,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJSO2000628

Bright MLS

APN: 08-00561-0000-00003