NOT LISTED FOR SALE

59 Magellan Way Franklin Park, NJ 08823

Franklin Park Neighborhood

Estimated Value: $722,000 - $739,424

3 Beds
3.5 Baths
-- Sq Ft
6,534 Sq Ft Lot

Last Sold September 25, 2017

Last sale price $445,000

Est. 64% increase in value since last sale

Current estimated payment $4,946/month

82 Days on Market

Highlights

  • Private Pool
  • Deck
  • Jetted Tub in Primary Bathroom
  • Colonial Architecture
  • Wood Flooring
  • Tennis Courts

About This Home

As of September 2017

Appealing with modern flair, this pretty Colonial nestled on a picturesque, maple tree-lined street in Nob Hill at Somerset. Fronted by perennials and a sweet lemonade porch, natural light fills impeccably-kept interiors with great flow: a vaulted, two-story living room, an open dining room elegant with hardwoods, a bright eat-in kitchen, and a family room opening to a deck and fenced yard. Ready for rainy day play or parties is a finished basement with a full bath. The upstairs laundry serves 3 bedrooms and 2 baths, including the cathedral master suite with a large walk-in closet. 2-car garage. Close to everything you need for an easy commute, errands, or dinner out! Community pool and tennis courts available for an additional fee.

Last Listed By

Amy Schaefer

CALLAWAY HENDERSON SOTHEBY'S IR Listed on: 05/13/2017

CALLAWAY HENDERSON SOTHEBY'S IR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,115

Year Built

  • 1990

Lot Details

  • 6,534 Sq Ft Lot
  • Wood Fence

HOA Fees

  • $15 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Additional Parking

Home Design

  • Colonial Architecture
  • Vinyl Siding
  • Tile

Interior Spaces

  • Track Lighting
  • Family Room
  • Living Room
  • Formal Dining Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

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

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Jetted Tub in Primary Bathroom
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Private Pool
  • Deck
  • Porch

Schools

  • Franklin Elementary And Middle School
  • Franklin High School

Utilities

  • Forced Air Heating and Cooling System
  • One Cooling System Mounted To A Wall/Window
  • Underground Utilities
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2708-00020-0008-00008-0000-
  • Tax Block *

Community Details

Overview

  • Association fees include maintenance-common area

Recreation

  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,115

Year Built

1990

Lot Details

0

HOA Fees

$15 per month

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Community Living: Yes
  • Year Built Description: Approximate
  • County Name: Somerset
  • Street Number Display: 59
  • Directions: Route 27 to South Middlebush Rd to Magellan Way
  • I D: 4713066
  • Modified: 2021-09-23
  • Number Images: 25
  • Section Subdiv Development: Nob Hill
  • First Name: AMY
  • First Name3: SHIRLEY M.
  • Last Name: SCHAEFER
  • Last Name3: STEWART
  • Office Phone: 609-921-1050
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1990

Interior Features

  • Flooring: Carpeting, Tile, Wood
  • Appliances: Range/Oven-Gas, Refrigerator, Washer, Dishwasher, Dryer, Microwave Oven
  • Interior Amenities: JacuzTyp, Walk-In Closet, StallTub, Track Lighting
  • Number Rooms: 8
  • Bedrooms: 3
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Primary Bathroom Features: Stall Shower, Jetted Tub
  • Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished, Full
  • Basement Level Rooms: Leisure, Bath(s) Other
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Dim: 10x14
  • Kitchen Level: First
  • Living Room Dim: 14x18
  • Living Room Level: First
  • Other Room 1: Leisure Room
  • Other Room1 Dim: 12x30
  • Other Room1 Level: Basement
  • Other Room 2: Leisure Room
  • Other Room2 Dim: 20x12
  • Other Room2 Level: Basement
  • Other Room 3: Laundry Room
  • Other Room3 Dim: 6x6
  • Other Room3 Level: Second
  • Level 1 Rooms: Living Room, Dining Room, Porch, Powder Room, Family Room, Kitchen
  • Level 2 Rooms: Laundry Room, 3 Bedrooms, Bath Main, Bath(s) Other
  • Phone: 908-874-0000

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Wood Fence, Deck, Sidewalk
  • Pool: Yes
  • Pool Description: Association Pool
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 2
  • Parking Driveway Description: 2 Car Width, Additional Parking

Utilities

  • Cooling: 1 Unit, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: All Underground, Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Amenities: Pool-Outdoor, Tennis Courts
  • Association Maintenance Fee: 180
  • Association Maintenance Fee Frequency: Annually
  • Association Maintenance Fee Includes: Maintenance-Common Area

Schools

  • Elementary School: FRANKLIN
  • Middle School: FRANKLIN
  • High School: FRANKLIN
  • High School: FRANKLIN
  • Middle Jr High School: FRANKLIN

Lot Info

  • Lot Size: .15 ACRES
  • Assessed Improvement Value: 278100
  • Assessed Land Value: 121500
  • Assessment: 399600
  • Easement: Unknown
  • Lot Identifier: 8
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.15

Rental Info

  • Application Fee: 250
  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 9115
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2708-00020-0008-00008-0000-
  • Tax Rate Amount: 2.281
  • Tax Rate Tax: *
  • Tax Rate Year: 2016
  • Tax Year Tax: *
  • Tax Year: 2016

MLS Schools

  • Grade School: FRANKLIN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2017
Closed on
Aug 30, 2017
Sold by
Sobti Lakshya
Bought by
Opong Marfo Kwadwo and Dottey Donna Korkor Leeyod
Seller's Agent
Amy Schaefer
CALLAWAY HENDERSON SOTHEBY'S IR
Buyer's Agent
SHIRLEY M. STEWART
J.J. ELEK REALTY CO.
List Price
$449,000
Sold Price
$445,000
Premium/Discount to List
-$4,000
-0.89%
Total Days on Market
82
Current Estimated Value
$731,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$286,106
Avg. Annual Appreciation
6.52%
Original Mortgage
$400,000
Outstanding Balance
$338,781
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$381,657

Purchase Details

Closed on
Sep 6, 2006
Sold by
Mehta Kiran V
Bought by
Sobti Lakshya and Ramamurthy Priya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
6.47%

Purchase Details

Closed on
Apr 28, 1994
Sold by
Lombardi Michael
Bought by
Mahta Kiran and Mahta Dipti

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.93%

Purchase Details

Closed on
Mar 11, 1993
Sold by
Lombardi Michael P and Lombardi Cavaliere,E M
Bought by
Lombardi Michael P and Lombardi Elizabeth M

Purchase Details

Closed on
Feb 26, 1991
Sold by
K Hovnanian At Somerset Vii Inc
Bought by
Lombardi Michael and Lombardi Cavaliere,E

Range of Values:

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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
Opong Marfo Kwadwo $445,000 None Available
Sobti Lakshya $440,000 --
Mahta Kiran $208,000 --
Lombardi Michael P -- --
Lombardi Michael $192,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Opong Marfo Kwadwo $400,000
Previous Owner Sobti Lakshya $328,000
Previous Owner Sobti Lakshya $396,000
Previous Owner Mehta Kiran $235,000
Previous Owner Mahta Kiran $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2017 09/25/17 Sold $445,000 -0.9% --
08/03/2017 08/03/17 Pending -- -- --
05/13/2017 05/13/17 For Sale $449,000 -- --
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
2024 $10,540 $584,600 $306,500 $278,100
2023 $10,275 $534,600 $256,500 $278,100
2022 $10,233 $504,600 $226,500 $278,100
2021 $10,033 $454,600 $176,500 $278,100
2020 $10,044 $444,600 $166,500 $278,100
2019 $9,939 $434,600 $156,500 $278,100
2018 $9,577 $414,600 $136,500 $278,100
2017 $9,383 $404,600 $126,500 $278,100
2016 $9,347 $399,600 $121,500 $278,100
2015 $9,167 $394,600 $116,500 $278,100
2014 $9,111 $398,200 $115,500 $282,700
Source: Public Records

Agents Affiliated with this Home

  • Amy Schaefer

    Seller's Agent in 2017

    Amy Schaefer

    CALLAWAY HENDERSON SOTHEBY'S IR

    (609) 651-5332

    2 in this area

    53 Total Sales

    Amy Schaefer
    Section Image

  • S

    Buyer's Agent in 2017

    SHIRLEY M. STEWART

    J.J. ELEK REALTY CO.

See All Agents

Map

Source: Garden State MLS

MLS Number: 3387636

Garden State MLS

APN: 08-00020-08-00008

New Jersey Somerset County Franklin Park 08823 Franklin Park

59 Magellan Way, Franklin Park, NJ

Homes for Sale in Franklin Park, NJ

This home is located at 59 Magellan Way, Franklin Park, NJ 08823 since 13 May 2017 and is currently estimated at $731,106. This property was built in 1990. 59 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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