NOT LISTED FOR SALE

586 Elizabeth Ave Somerset, NJ 08873

Estimated Value: $1,012,034 - $1,178,000

5 Beds
3.5 Baths
3,931 Sq Ft
$277/Sq Ft Est. Value

Last Sold August 22, 2022

Last sale price $855,000 $218 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $7,063/month

75 Days on Market

Highlights

  • On Golf Course
  • 1.12 Acre Lot
  • Maid or Guest Quarters
  • Skyline View
  • Colonial Architecture
  • Deck

About This Home

As of August 2022

Stone & brick on all sides, Colonial custom built, 5 bedroom, 3.5 bath w/ 3 garage, one bedroom w/ full bath on the 1st floor, 2-story foyer leads into an open floor plan, Kitchen-lots cabinetry w/ granite counter top, backsplash, Island, all newer SS appliances, breakfast area w/ slider door lead to deck enjoying a full view of nature and skyline view from front, formal dining room w/French door, adjoining the living w/ hardwood floor and family room w/ wet bar for entertaining, master bedroom with vaulted ceiling w/ sky lights, sitting area & walk-in closet, a Jacuzzi tub and stall shower, big size bedrooms with each walk-in closet, laundry room on the first floor near kitchen, full basement w/extra high ceiling w/ French drain, circular driveway w/ wrought Iron fence w/ 2 gates, 3931 SQFT living space on 1.12 acre w/ sprinkler, wooded lot & back to golf course, within some few miles to Rutgers Prep & Rutgers University, Robert Wood Johnson Hospitals, Schools, Liberty, Costco, Grocery, Parks, Golf courses, TRAIN STAITION to NYC. Ez access to major highways 287, 1, 18, TNPK & GSPkwy so on..

Last Agent to Sell the Property

Helen Lim

WEICHERT REALTORS Listed on: 06/01/2022

WEICHERT REALTORS

Last Buyer's Agent

HANISH H. PATEL

HALO REALTY PROPERTIES LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,848

Year Built

  • Built in 1989

Lot Details

  • 1.12 Acre Lot
  • On Golf Course
  • Privacy Fence
  • Level Lot
  • Sprinkler System
  • Wooded Lot

Parking

  • 3 Car Direct Access Garage
  • Inside Entrance
  • Garage Door Opener
  • Circular Driveway
  • Additional Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Stone Siding
  • Tile

Interior Spaces

  • 3,931 Sq Ft Home
  • Wet Bar
  • Cathedral Ceiling
  • Skylights
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room
  • Breakfast Room
  • Formal Dining Room
  • Storage Room
  • Utility Room
  • Wall to Wall Carpet
  • Skyline Views
  • Attic

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Butlers Pantry
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Dressing Area
  • Powder Room
  • Maid or Guest Quarters
  • Jetted Tub in Primary Bathroom
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Front Basement Entry
  • Sump Pump
  • French Drain

Home Security

  • Storm Windows
  • Storm Doors
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Deck
  • Patio
  • Gazebo
  • Storage Shed

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Zoned Heating and Cooling System
  • Underground Utilities
  • Standard Electricity
  • Gas Water Heater
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 2708-00511-0000-00018-0012-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,848

Year Built

Built in 1989

Lot Details

0

Parking

3

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1989
  • Year Built Description: Approximate
  • County Name: Somerset
  • Street Number Display: 586
  • Directions: New Brunswick Rd to Elizabeth Ave OR Amwell Rd to Elizabeth Ave
  • I D: 5154747
  • Modified: 2023-08-23
  • Number Images: 50
  • Section Subdiv Development: Somerset
  • First Name: HYUN HELEN
  • First Name3: HANISH H.
  • Last Name: LIM
  • Last Name3: PATEL
  • Office Phone: 909-212-6010
  • Office Phone3: 908-900-2446
  • Attribution Contact: null
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpeting, Tile
  • Floor Number: 2
  • Fireplace Description: Family Room
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Central Vacuum, Dishwasher, Disposal, Dryer, Kitchen Exhaust Fan, Microwave Oven, Range/Oven-Gas, Refrigerator, Self Cleaning Oven, Sump Pump, Washer
  • Interior Amenities: Bar-Wet, Carbon Monoxide Detector, Cathedral Ceiling, Fire Alarm Sys, Fire Extinguisher, High Ceilings, JacuzTyp, Skylight, Smoke Detector, SoakTub, Walk-In Closet, Whirlpool
  • Number Rooms: 11
  • Bedrooms: 5
  • Master Bedroom Desc: Dressing Room, Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Jetted Tub, Soaking Tub, Stall Shower
  • Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: French Drain, Full
  • Basement Level Rooms: Storage Room, Utility Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Breakfast Bar, Center Island, Eat-In Kitchen, Pantry, Separate Dining Area
  • Kitchen Level: First
  • Living Room Level: First
  • Other Room 1: Bedroom
  • Other Room1 Level: First
  • Other Room 2: Foyer
  • Other Room2 Level: First
  • Other Room 3: Breakfast
  • Other Room3 Level: First
  • Other Room 4: Laundry Room
  • Other Room4 Level: First
  • Level 1 Rooms: 1 Bedroom, Bath(s) Other, Breakfast Room, Dining Room, Entrance Vestibule, Family Room, Foyer, GarEnter, InsdEntr, Kitchen, Laundry Room, Living Room, Maid Quarters, Pantry, Powder Room
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other, SittngRm
  • Level 3 Rooms: Attic
  • Estimated Sq Ft: 3931
  • Phone: 908-781-1000

Exterior Features

  • Exterior Description: Brick, Stone
  • Exterior Features: Barbeque, Curbs, Deck, Gazebo, Patio, Privacy Fence, Sidewalk, Storage Shed, Storm Door(s), Storm Window(s), Underground Lawn Sprinkler
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage, Garage Door Opener, InEntrnc, Oversize Garage
  • Number Garage Spaces: 3
  • Number Parking Spaces: 10
  • Parking Driveway Description: 2 Car Width, Additional Parking, Blacktop, Circular, Concrete, Fencing

Utilities

  • Cooling: 2 Units, Central Air
  • Fuel Type: Gas-Natural
  • Heating: Baseboard - Hotwater, Multi-Zone
  • Sewer: Septic
  • Utilities: All Underground, Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Lot Info

  • Lot Size: 1.12 AC.
  • Assessed Improvement Value: 547400
  • Assessed Land Value: 192600
  • Assessment: 740000
  • Easement: Unknown
  • Lot Description: Backs to Golf Course, Level Lot, Skyline View, Wooded Lot
  • Lot Identifier: 18.12
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 1.12
  • Zoning: Residential

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: 15848
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2708-00511-0000-00018-0012-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.215
  • Tax Rate Tax: *
  • Tax Rate Year: 2021
  • Tax Year Tax: *
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2022
Closed on
Aug 15, 2022
Sold by
Park and Seongae
Bought by
Patel Chintankumar M and Patel Kalpna C
Seller's Agent
Helen Lim
WEICHERT REALTORS
Buyer's Agent
HANISH H. PATEL
HALO REALTY PROPERTIES LLC
List Price
$870,000
Sold Price
$855,000
Premium/Discount to List
-$15,000
-1.72%
Current Estimated Value
$1,090,259

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$235,259
Avg. Annual Appreciation
8.21%
Original Mortgage
$628,680
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2017
Sold by
Kim Kyu Soo and Chi Dennis
Bought by
Park Henry and Park Seorgae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,600
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 8, 1988
Sold by
Baltica Construction Co Inc
Bought by
Chi Chul-Young and Chi Kyu-Soo
Source: Public Records

Range of Values:

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Average Value
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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
Patel Chintankumar M $838,241 Aston Title Group
Patel Chintankumar M $838,241 Aston Title Group
Park Henry $570,000 Fidelity Natl Title Ins Co
Chi Chul-Young $500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patel Chintankumar M $628,680
Previous Owner Park Henry $370,000
Previous Owner Park Seongae $400,000
Previous Owner Park Henry $310,000
Previous Owner Park Henry $45,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2022 08/22/22 Sold $855,000 -1.7% $218 / Sq Ft
08/19/2022 08/19/22 Pending -- -- --
06/04/2022 06/04/22 For Sale $870,000 -- $221 / Sq Ft
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 $15,053 $1,080,400 $280,600 $799,800
2024 $15,053 $828,000 $280,600 $547,400
2023 $15,371 $796,000 $248,600 $547,400
2022 $15,081 $740,000 $192,600 $547,400
2021 $15,682 $708,000 $160,600 $547,400
2020 $15,848 $700,000 $152,600 $547,400
2019 $16,114 $700,000 $152,600 $547,400
2018 $17,933 $771,000 $184,700 $586,300
2017 $17,995 $771,000 $184,700 $586,300
2016 $18,126 $771,000 $184,700 $586,300
2015 $18,003 $771,000 $184,700 $586,300
2014 $17,748 $771,000 $184,700 $586,300
Source: Public Records

Agents Affiliated with this Home

  • Helen Lim

    Seller's Agent in 2022

    Helen Lim

    WEICHERT REALTORS

    (908) 507-2428

    8 in this area

    54 Total Sales

    Helen Lim
    Section Image

  • H

    Buyer's Agent in 2022

    HANISH H. PATEL

    HALO REALTY PROPERTIES LLC

See All Agents

Map

Source: Garden State MLS

MLS Number: 3785768

Garden State MLS

APN: 08-00511-0000-00018-12

New Jersey Somerset County Somerset 08873

586 Elizabeth Ave, Somerset, NJ

This home is located at 586 Elizabeth Ave, Somerset, NJ 08873 since 01 June 2022 and is currently estimated at $1,090,259, approximately $277 per square foot. This property was built in 1989. 586 Elizabeth Ave is a home located in Somerset County with nearby schools including Franklin High School, Central Jersey College Prep Charter School, and Thomas Edison EnergySmart Charter School.

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