601 Mcelwee Rd Unit RD2 Moorestown, NJ 08057
Outlying Moorestown NeighborhoodEstimated Value: $1,748,000 - $2,134,000
5
Beds
5.5
Baths
7,280
Sq Ft
$255/Sq Ft
Est. Value
Highlights
- Gourmet Kitchen
- 2.6 Acre Lot
- Deck
- South Valley Elementary School Rated A+
- Colonial Architecture
- Wood Flooring
About This Home
As of May 2021"Magnificent Contemporary Home on a majestic, park-like 2.6 acre lot in Moorestown NJ! This incredible home is completely finished with impeccable taste and perfectly maintained. Newer roof and mechanical systems, custom lighting, custom painted murals, and a true entertainment house with plenty of room for a large family. Pristine condition, hard wood floors, five bedrooms all with walk-in closets, including an in-law suite. The master suite boasts a gas fireplace, private balcony and massive walk-in closet with organizers. This immaculate home includes five full and one half bathrooms (all recently remodeled), three fireplaces including two gas, wood burning stove, solarium with custom eight seat wet bar and plantation shutters, billiard or formal living room, mahogany wood office with coffered ceiling and custom shelving, cabinetry and woodworking. Finished lower level with exercise room, movie theatre with nine leather reclining theatre chairs plus surround sound, spa/sauna with massage room, full tile bath, custom wet bar with copper etching and eight barstools, arcade game area, custom refrigerated wine wall and a tool shop room. Gourmet kitchen recently renovated with custom cabinetry, Dacor stainless steel appliances, Viking range hood, granite countertops with island seating, attached potting or pet room, and garden bay window. Two-story expansive family room with wood burning fireplace, custom mahogany surround, and chandeliers throughout. Manicured and extensive landscaping, walking bridge and stream in front yard, irrigation well and sprinkler systems throughout, custom pavers surrounding home with faux wood decking and built in gas grille, and black wrought iron fenced rear yard. This home is perfection in every regard, must be seen to appreciate!"
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $25,236
Year Built
- Built in 1993
Lot Details
- 2.6 Acre Lot
- Back Yard Fenced
- Extensive Hardscape
- Sprinkler System
- Property is in excellent condition
Parking
- 3 Car Attached Garage
- Side Facing Garage
- Circular Driveway
Home Design
- Colonial Architecture
- Contemporary Architecture
- Asphalt Roof
- Stucco
Interior Spaces
- Property has 2 Levels
- Bar
- Crown Molding
- Ceiling Fan
- 4 Fireplaces
- Wood Burning Fireplace
- Fireplace Mantel
- Gas Fireplace
- Family Room Off Kitchen
- Garden Views
- Finished Basement
Kitchen
- Gourmet Kitchen
- Breakfast Area or Nook
- Butlers Pantry
- Double Oven
- Gas Oven or Range
- Range Hood
- Dishwasher
- Stainless Steel Appliances
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 5 Bedrooms
Laundry
- Laundry on upper level
- Front Loading Dryer
- Washer
Home Security
- Exterior Cameras
- Flood Lights
Accessible Home Design
- More Than Two Accessible Exits
Outdoor Features
- Deck
- Patio
- Exterior Lighting
- Outbuilding
- Outdoor Grill
Schools
- Wm Allen Middle School
- Moorestown High School
Utilities
- 90% Forced Air Zoned Heating and Cooling System
- Tankless Water Heater
- Natural Gas Water Heater
- On Site Septic
Community Details
- No Home Owners Association
- Brandywine Glen Subdivision
Listing and Financial Details
- Assessor Parcel Number 22-07800-00013
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 4, 2021
Closed on
May 26, 2021
Sold by
Palko Peter J and Palko Laurie L
Bought by
Duffield Robert P and Duffield Michelle L
Seller's Agent
Richard Jordan
BHHS Fox & Roach-Moorestown
Buyer's Agent
Robert Duffield
BHHS Fox & Roach-Mullica Hill South
List Price
$1,475,000
Sold Price
$1,415,000
Premium/Discount to List
-$60,000
-4.07%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$443,249
Avg. Annual Appreciation
6.92%
Original Mortgage
$1,132,000
Outstanding Balance
$1,035,979
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$822,270
Purchase Details
Closed on
Mar 5, 2004
Sold by
Deutsch Larry S and Deutsch Cynthia A
Bought by
Palko Peter J and Palko Laurie L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$512,000
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 22, 1997
Sold by
Nastasi Joseph J and Nastasi Marilyn A
Bought by
Deutsch Larry S
Similar Home in Moorestown, NJ
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Duffield Robert P | $1,415,000 | Foundation Title Llc | |
| Palko Peter J | $745,000 | Infinity Title Agency Inc | |
| Deutsch Larry S | $550,000 | Infinity Title Agency Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Duffield Robert P | $1,132,000 | |
| Previous Owner | Palko Peter J | $600,000 | |
| Previous Owner | Palko Peter | $624,000 | |
| Previous Owner | Palko Peter J | $512,000 | |
| Previous Owner | Palko Peter J | $125,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/26/2021 05/26/21 | Sold | $1,415,000 | +1.1% | $194 / Sq Ft |
| 04/15/2021 04/15/21 | Pending | -- | -- | -- |
| 04/08/2021 04/08/21 | Price Changed | $1,399,000 | -1.8% | $192 / Sq Ft |
| 03/24/2021 03/24/21 | Price Changed | $1,425,000 | -1.7% | $196 / Sq Ft |
| 02/12/2021 02/12/21 | Price Changed | $1,450,000 | -1.7% | $199 / Sq Ft |
| 01/04/2021 01/04/21 | For Sale | $1,475,000 | -- | $203 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $29,161 | $1,060,000 | $256,000 | $804,000 |
| 2023 | $29,161 | $1,060,000 | $256,000 | $804,000 |
| 2022 | $26,198 | $962,100 | $256,000 | $706,100 |
| 2021 | $25,852 | $962,100 | $256,000 | $706,100 |
| 2020 | $25,688 | $962,100 | $256,000 | $706,100 |
| 2019 | $25,236 | $962,100 | $256,000 | $706,100 |
| 2018 | $24,553 | $962,100 | $256,000 | $706,100 |
| 2017 | $24,764 | $962,100 | $256,000 | $706,100 |
| 2016 | $24,678 | $962,100 | $256,000 | $706,100 |
| 2015 | $24,380 | $962,100 | $256,000 | $706,100 |
| 2014 | $23,148 | $962,100 | $256,000 | $706,100 |
Source: Public Records
Agents Affiliated with this Home
-
Richard Jordan
Seller's Agent in 2021
Richard Jordan
BHHS Fox & Roach
(856) 220-6683
11 in this area
106 Total Sales
-
Robert Duffield
Buyer's Agent in 2021
Robert Duffield
BHHS Fox & Roach
(609) 472-9563
1 in this area
59 Total Sales
Map
Source: Bright MLS
MLS Number: NJBL389078
APN: 22-07800-0000-00013
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