NOT LISTED FOR SALE

61 Magellan Way Franklin Park, NJ 08823

Franklin Park Neighborhood

Estimated Value: $727,000 - $799,000

3 Beds
3 Baths
2,092 Sq Ft
$362/Sq Ft Est. Value

About This Home

This home is located at 61 Magellan Way, Franklin Park, NJ 08823 and is currently estimated at $758,164, approximately $362 per square foot. 61 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
May 12, 2017
Sold by
Guhamazuumber Bodhisattwa and Mukhopadhyay Rupa
Bought by
Patel Preet Maheshbhai and Patel Ami J
Current Estimated Value
$758,164

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 2001
Sold by
Chavkin Brian
Bought by
Lucas Jonathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
7.39%

Purchase Details

Closed on
May 15, 1995
Sold by
Knights Douglas
Bought by
Chavkin Brian and Cahavkin Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
8.33%

Purchase Details

Closed on
Jan 11, 1991
Sold by
K Hovnanian At Somerset Vii Inc
Bought by
Knights Douglas J and Knights Katriena R

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
Patel Preet Maheshbhai $400,000 None Available
Lucas Jonathan $275,000 --
Chavkin Brian $205,000 --
Knights Douglas J $190,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Preet M $280,000
Closed Patel Preet Maheshbhai $320,000
Previous Owner Lucas Jonathan $220,000
Previous Owner Chavkin Brian $185,000
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 $10,488 $581,700 $309,100 $272,600
2023 $9,923 $531,700 $259,100 $272,600
2022 $9,862 $486,300 $0 $0
2021 $9,629 $436,300 $0 $0
2020 $9,630 $426,300 $0 $0
2019 $9,521 $431,700 $159,100 $272,600
2018 $9,473 $410,100 $139,100 $271,000
2017 $8,921 $384,700 $129,100 $255,600
2016 $8,881 $379,700 $124,100 $255,600
2015 $8,925 $384,200 $119,100 $265,100
2014 $8,768 $383,200 $118,100 $265,100
Source: Public Records

Map

New Jersey Somerset County Franklin Park 08823 Franklin Park

61 Magellan Way, Franklin Park, NJ

Homes for Sale in Franklin Park, NJ

This home is located at 61 Magellan Way, Franklin Park, NJ 08823 and is currently estimated at $758,164, approximately $362 per square foot. 61 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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