$405,000
SOLD DEC 20, 2023

7 Blake Ave Somerset, NJ 08873

2 Beds
1 Bath
-- Sq Ft
7,492 Sq Ft Lot

Recently Sold

5% Below List Price

37 Days on Market

About This Home

As of December 2023

This home is located at 7 Blake Ave, Somerset, NJ 08873 and is currently priced at $405,000. This property was built in 1951. 7 Blake Ave is a home located in Somerset County with nearby schools including Franklin High School.

Last Buyer's Agent

Isabel Rasoilo

BHHS FOX & ROACH

BHHS FOX & ROACH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,060

Year Built

  • Built in 1951

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,060

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Year Built: 1951
  • County Name: Somerset
  • Street Number Display: 7
  • I D: 5240832
  • Modified: 2024-12-21
  • Number Images: 0
  • Attribution Contact: 480-462-5392
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 2
  • Bathrooms: 1.00

Lot Info

  • Lot Size: 75X100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2023
Closed on
Dec 20, 2023
Sold by
Opendoor Property Trust
Bought by
Jones Jeanette and Demagistris Anthony
Buyer's Agent
Isabel Rasoilo
BHHS FOX & ROACH
List Price
$425,000
Sold Price
$405,000
Premium/Discount to List
-$20,000
-4.71%
Views
99
Current Estimated Value
$438,867

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,867
Avg. Annual Appreciation
5.24%
Original Mortgage
$324,000
Outstanding Balance
$320,075
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$118,714

Purchase Details

Closed on
Aug 8, 2023
Sold by
Maqbool Muhammad S and Maqbool Mashal
Bought by
Opendoor Property Trust

Purchase Details

Listed on
Jun 30, 2018
Closed on
Oct 24, 2018
Sold by
Huang Xiaohua
Bought by
Maqbool Muhammad S
Seller's Agent
CHINGWEN HSU
VICKY HSU REALTY LLC
List Price
$249,900
Sold Price
$225,000
Premium/Discount to List
-$24,900
-9.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.45%
Original Mortgage
$220,924
Interest Rate
4.7%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 27, 2012
Sold by
Luo Wei
Bought by
Huang Xiaohua

Purchase Details

Closed on
Jun 18, 2009
Sold by
Calvo Stella
Bought by
Luo Wei

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,468
Interest Rate
4.92%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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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
Bargain Sale Deed $405,000 Trident Land Transfer
Bargain Sale Deed $357,800 Chicago Title
Deed $225,000 Monmouth Title Agcy Inc
Interfamily Deed Transfer -- None Available
Deed $195,000 Multiple
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $324,000 New Conventional
Previous Owner $223,621 New Conventional
Previous Owner $223,160 FHA
Previous Owner $222,846 FHA
Previous Owner $221,719 FHA
Previous Owner $220,924 FHA
Previous Owner $220,924 FHA
Previous Owner $156,000 New Conventional
Previous Owner $191,468 FHA
Previous Owner $451,500 Reverse Mortgage Home Equity Conversion Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2023 12/20/23 Sold $405,000 -4.7% --
10/02/2023 10/02/23 For Sale $425,000 0.0% --
09/29/2023 09/29/23 Pending -- -- --
09/20/2023 09/20/23 Price Changed $425,000 -0.7% --
09/06/2023 09/06/23 Price Changed $428,000 -0.5% --
08/23/2023 08/23/23 For Sale $430,000 +91.1% --
10/30/2018 10/30/18 Sold $225,000 -10.0% $139 / Sq Ft
08/15/2018 08/15/18 Pending -- -- --
06/30/2018 06/30/18 For Sale $249,900 -- $154 / Sq Ft
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 $6,060 $332,600 $234,800 $97,800
2023 $6,064 $312,600 $214,800 $97,800
2022 $5,890 $287,600 $189,800 $97,800
2021 $6,023 $270,200 $149,800 $120,400
2020 $5,836 $255,200 $134,800 $120,400
2019 $5,684 $245,200 $124,800 $120,400
2018 $5,157 $220,200 $99,800 $120,400
2017 $5,177 $220,200 $99,800 $120,400
2016 $5,283 $222,800 $103,800 $119,000
2015 $5,270 $223,800 $104,800 $119,000
2014 $5,169 $222,800 $103,800 $119,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3861205

Garden State MLS

APN: 08-00256-0000-00003