$340,000
SOLD JUN 6, 2024

602 Somerset St New Brunswick, NJ 08901

3 Beds
1.5 Baths
1,070 Sq Ft
3,297 Sq Ft Lot

Recently Sold

$318 Per Sq Ft

5% Below List Price

158 Days on Market

Highlights

  • Colonial Architecture
  • Corner Lot
  • Galley Kitchen
  • Property is near public transit
  • 1 Car Detached Garage
  • Laundry Room

About This Home

As of June 2024

An Investor's Dream! This property is a single family residence with full, stable tenants for the last 7 years. The property has 3 bedrooms and a full bath, partially finished basement with walkout and toilet only room, kitchen area with walkout, and detached garage with driveway. It sits on a larger corner lot. Renovations include a newer roof and water heater. Easy commuting located near the New Brunswick Train Station, Suburban Bus Terminal, Robert Wood Johnson University Hospital, and major roads and highways. Profit & Loss Statement available upon request. This location is in high demand and an incredible investment opportunity. Showings start on November 27.

Last Agent to Sell the Property

Sophia Georges

REALSOPHY REAL ESTATE LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,373

Year Built

  • Built in 1920

Lot Details

  • 3,297 Sq Ft Lot
  • Lot Dimensions are 34x97
  • Corner Lot
  • Property is zoned R-5C

Parking

  • 1 Car Detached Garage
  • Open Parking

Home Design

  • Colonial Architecture
  • Asphalt Roof

Interior Spaces

  • 1,070 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Utility Room
  • Laminate Flooring
  • Partially Finished Basement
  • Exterior Basement Entry

Kitchen

  • Galley Kitchen
  • Gas Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Washer

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • Radiator
  • Water Heater

Community Details

  • Johnson Schlosser Tr Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,373

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.0757
  • Lot Size: 34X97
  • Ownership: Fee Simple
  • Subdivision Name: Johnson-Schlosser Tr
  • Architectural Style: Colonial
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built: 1920
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Room Kitchen Features: Galley Type
  • Appliances: Gas Range/Oven, Refrigerator, Washer, Water Heater
  • Has Basement: Partially Finished, Lavatory (No Sink), Exterior Entry, Utility Room
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Laminate
  • Interior Amenities: Family Room, Kitchen, Laundry Room, 3 Bedrooms, Bath Full, None
  • Living Area: 1070
  • Stories: 2

Exterior Features

  • Lot Features: Corner Lot, Near Public Transit, Near Shopping, Near Train
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: 1 Car Width, Detached

Utilities

  • Gas Company: Natural Gas
  • Cooling: See Remarks
  • Heating: Radiators-Hot Water
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association #2 Fee Frequency: Monthly

Lot Info

  • Lot Size Sq Ft: 3297
  • Zoning: R-5C

Tax Info

  • Tax Annual Amount: 4373
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2024
Closed on
May 22, 2024
Sold by
Inasu Stephen T
Bought by
Rivera Santiago Valentin and Valentin Daniel
Seller's Agent
Sophia Georges
REALSOPHY REAL ESTATE LLC
List Price
$359,000
Sold Price
$340,000
Premium/Discount to List
-$19,000
-5.29%
Total Days on Market
158
Views
39
Current Estimated Value
$350,735

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,735
Avg. Annual Appreciation
3.22%
Original Mortgage
$22,000
Outstanding Balance
$21,835
Interest Rate
7.02%
Estimated Equity
$328,900

Purchase Details

Closed on
Jun 19, 2017
Sold by
Bayview Loan Servicing Llc
Bought by
Inasu Stephen T

Purchase Details

Closed on
Dec 21, 2016
Sold by
Martinez Alfonso
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Nov 14, 2008
Sold by
Bautista Sergio V
Bought by
Martinez Alfonso B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,520
Interest Rate
6.49%
Mortgage Type
FHA

Map

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Deed $340,000 Stewart Title
Special Warranty Deed $111,145 Interstate 1St Title Agency
Foreclosure Deed -- None Available
Deed $160,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $22,000 No Value Available
Open $311,355 FHA
Previous Owner $130,000 Commercial
Previous Owner $146,520 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2024 06/06/24 Sold $340,000 -5.3% $318 / Sq Ft
05/08/2024 05/08/24 Off Market $359,000 -- --
05/06/2024 05/06/24 For Sale $359,000 0.0% $336 / Sq Ft
11/27/2023 11/27/23 For Sale $359,000 -- $336 / Sq Ft
Source: All Jersey MLS

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 $4,468 $175,700 $106,600 $69,100
2023 $4,468 $175,700 $106,600 $69,100
2022 $4,373 $175,700 $106,600 $69,100
2021 $3,244 $175,700 $106,600 $69,100
2020 $4,340 $175,700 $106,600 $69,100
2019 $4,257 $175,700 $106,600 $69,100
2018 $4,161 $175,700 $106,600 $69,100
2017 $3,995 $175,700 $106,600 $69,100
2016 $5,426 $92,500 $36,600 $55,900
2015 $5,297 $92,500 $36,600 $55,900
2014 $5,202 $92,500 $36,600 $55,900
Source: Public Records

Source: All Jersey MLS

MLS Number: 2353602M

All Jersey MLS

APN: 13-00504-0000-00068