NOT LISTED FOR SALE

57 Magellan Way Franklin Park, NJ 08823

Franklin Park Neighborhood

Estimated Value: $669,000 - $700,000

3 Beds
3 Baths
1,927 Sq Ft
$358/Sq Ft Est. Value

About This Home

This home is located at 57 Magellan Way, Franklin Park, NJ 08823 and is currently estimated at $690,533, approximately $358 per square foot. 57 Magellan Way 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 8, 2011
Sold by
Evans David M and Evans Brenda L
Bought by
Develasco Alan E and Develasco Linda A
Current Estimated Value
$690,533

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Outstanding Balance
$56,745
Interest Rate
4.49%
Mortgage Type
New Conventional
Estimated Equity
$629,044

Purchase Details

Closed on
Jul 28, 1998
Sold by
Hall Trent
Bought by
Evans David M and Evans Brenda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
6.92%

Purchase Details

Closed on
Apr 23, 1993
Sold by
Summers Wanda S
Bought by
Hall Trent and Hall Cummings,Laquita

Purchase Details

Closed on
Feb 27, 1992
Sold by
Summers Frank J and Summers Wanda S
Bought by
Summers Wanda S

Purchase Details

Closed on
Mar 18, 1991
Sold by
K Hovnanian At Somerset Vii Inc
Bought by
Summers Frank J and Summers Wanda S

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Develasco Alan E $366,500 None Available
Evans David M $187,000 --
Hall Trent $182,000 --
Summers Wanda S -- --
Summers Frank J $179,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Develasco Alan E $80,000
Previous Owner Evans David M $115,000
Source: Public Records

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
2024 $9,906 $549,400 $305,700 $243,700
2023 $9,598 $499,400 $255,700 $243,700
2022 $9,519 $469,400 $225,700 $243,700
2021 $9,134 $419,400 $175,700 $243,700
2020 $9,248 $409,400 $165,700 $243,700
2019 $9,134 $399,400 $155,700 $243,700
2018 $8,764 $379,400 $135,700 $243,700
2017 $8,566 $369,400 $125,700 $243,700
2016 $8,523 $364,400 $120,700 $243,700
2015 $8,349 $359,400 $115,700 $243,700
2014 $8,232 $359,800 $114,700 $245,100
Source: Public Records

Map

New Jersey Somerset County Franklin Park 08823 Franklin Park

57 Magellan Way, Franklin Park, NJ

Homes for Sale in Franklin Park, NJ

This home is located at 57 Magellan Way, Franklin Park, NJ 08823 and is currently estimated at $690,533, approximately $358 per square foot. 57 Magellan Way 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.

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