NOT LISTED FOR SALE

7-15 W Main St Bound Brook, NJ 08805

Estimated Value: $2,272,270

-- Bed
-- Bath
-- Sq Ft
0.46 Acres

About This Home

Prices starting at $1,800 for a 1 Bedroom Unit!!! Brand new construction located on W. Main Street. Building is steps away from the train station. Plenty of parking and stores near by. Contact us for new tenant concessions.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 10, 2022
Sold by
West Main St Urban Renewal Llc
Bought by
Mosaic Associates Urban Renewal Llc
Current Estimated Value
$2,272,270

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,900,000
Outstanding Balance
$12,561,975
Interest Rate
6.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 25, 2016
Sold by
Margos Management Llc
Bought by
West Main St Urabn Renewal Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
3.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 9, 2009
Sold by
Middlebrook Properties Llc
Bought by
Margos Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
4.98%
Mortgage Type
Commercial

Purchase Details

Closed on
May 24, 2006
Sold by
Digiampaolo Christine
Bought by
Middlebrook Properties Llc

Purchase Details

Closed on
Mar 4, 2005
Sold by
Digiampaolo Warren
Bought by
Digiampaolo Warren

Purchase Details

Closed on
Jan 2, 2003
Sold by
Santonastisi Barbara
Bought by
Digiampaolo Angelina and Warren Di Giamppaolo
Source: Public Records

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
Mosaic Associates Urban Renewal Llc $22,000,000 --
West Main St Urabn Renewal Llc $1,590,000 Lt National Title Services
Margos Management Llc $1,295,000 Multiple
Middlebrook Properties Llc $800,000 --
Digiampaolo Warren -- --
Digiampaolo Angelina $194,440 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mosaic Associates Urban Renewal Llc $12,900,000
Previous Owner West Main St Urban Renewal Llc $15,000,000
Previous Owner West Main St Urban Renewal Llc $13,300,000
Previous Owner West Main St Urabn Renewal Llc $800,000
Previous Owner Margos Management Llc $500,000
Previous Owner Margos Management Llc $975,000
Previous Owner Margos Management Llc $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2022 06/07/22 For Rent $1,875 0.0% --
05/18/2022 05/18/22 For Rent $1,875 -- --

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 $35,483 $1,563,800 $1,563,800 $0
2023 $34,500 $1,463,100 $1,463,100 $0
2022 $35,688 $1,434,400 $1,434,400 $0
2021 $47,123 $1,420,000 $1,420,000 $0
2020 $43,835 $1,420,000 $1,420,000 $0
2019 $45,036 $1,391,300 $1,391,300 $0
2018 $48,990 $1,469,400 $677,500 $791,900
2017 $46,710 $1,369,400 $677,500 $691,900
2016 $30,667 $905,700 $213,800 $691,900
2015 $29,599 $855,700 $213,800 $641,900
2014 $26,118 $761,900 $120,000 $641,900
Source: Public Records

Map

New Jersey Somerset County Bound Brook 08805

7-15 W Main St, Bound Brook, NJ

This home is located at 7-15 W Main St, Bound Brook, NJ 08805 and is currently priced at $2,272,270. 7-15 W Main St is a home located in Somerset County with nearby schools including LaMonte Annex Elementary School, Lafayette Elementary School, and Bound Brook High School.

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