NOT LISTED FOR SALE

7 Colgate Ct Somerset, NJ 08873

Estimated Value: $868,000 - $1,032,000

5 Beds
3.5 Baths
2,675 Sq Ft
$357/Sq Ft Est. Value

Last Sold November 12, 2021

Last sale price $762,500 $285 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $6,085/month

5 Days on Market

Highlights

  • Sitting Area In Primary Bedroom
  • Recreation Room
  • Wood Flooring
  • Colonial Architecture
  • Cathedral Ceiling
  • Jetted Tub in Primary Bathroom

About This Home

As of November 2021

Magnificent North East facing 5 bd 4 ba home nestled on a secluded cul de sac, complete with over 1000 sq ft fully finished basement w/full bath, w/steam room, game/theater room, home gym and office. Coming Soon! No Showings until Friday 8/13/2021 Main bedroom complete w/sitting room for private TV time or home office. Upgraded 6 ft Jacuzzi tub to melt away a stressful day. Also a Bedroom on the first floor! Beautifully maintained dark espresso hardwood floors. No expense spared, recessed lighting, Stainless steel appliances, under ground sprinklers, freshly painted and so much more...A "MUST SEE" home!

Last Agent to Sell the Property

JEFFREY GAGNON

RE/MAX FIRST REALTY Listed on: 08/09/2021

RE/MAX FIRST REALTY

Last Buyer's Agent

Bruce McDonald

MASTER KEY REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,540

Year Built

  • Built in 2009

Lot Details

  • 0.27 Acre Lot
  • Cul-De-Sac
  • Level Lot

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Vinyl Siding
  • Tile

Interior Spaces

  • Cathedral Ceiling
  • Gas Fireplace
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Home Office
  • Recreation Room
  • Home Gym
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Bar
  • Butlers Pantry
  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Sitting Area In Primary Bedroom
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Jetted Tub in Primary Bathroom
  • Steam Shower

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Forced Air Heating and Cooling System
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2708-00101-0000-00091-0000-

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,540

Year Built

Built in 2009

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 2009
  • Year Built Description: Approximate
  • County Name: Somerset
  • Exclusions: home theater system, pool table and furniture (but nego)washer/dryer
  • Directions: Use gps
  • I D: 5094403
  • First Name: JEFFREY
  • First Name3: BRUCE
  • Last Name: GAGNON
  • Last Name3: MCDONALD JR.
  • Office Phone3: 732-629-7111
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpeting, Tile, Wood
  • Fireplace Description: Family Room, Gas Fireplace
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven-Gas, Refrigerator
  • Interior Amenities: Carbon Monoxide Detector, Cathedral Ceiling, High Ceilings, JacuzTyp, Smoke Detector, Steam, Walk-In Closet
  • Bedrooms: 5
  • Master Bedroom Desc: Full Bath, Sitting Room, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Primary Bathroom Features: Jetted Tub
  • Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished, Full
  • Basement Level Rooms: Exercise Room, Leisure, Office, Rec Room, Sauna
  • Dining Room Level: First
  • Family Room Level: First
  • Kitchen Area: Breakfast Bar, Center Island, Pantry, Separate Dining Area
  • Kitchen Level: First
  • Living Room Level: First
  • Other Room 1: Exercise Room
  • Other Room1 Level: Basement
  • Other Room 2: Office
  • Other Room2 Level: Basement
  • Other Room 3: Rec Room
  • Other Room3 Level: Basement
  • Other Room 4: Sauna
  • Other Room4 Level: Basement
  • Level 1 Rooms: Bath(s) Other, Dining Room, Family Room, Kitchen, Living Room, Pantry
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other
  • Ground Level Rooms: GarEnter
  • Phone: 732-257-3500

Exterior Features

  • Exterior Description: Brick, Vinyl Siding
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage, Garage Door Opener
  • Number Garage Spaces: 2
  • Number Parking Spaces: 2
  • Parking Driveway Description: 2 Car Width

Utilities

  • Cooling: Central Air
  • Fuel Type: Gas-Natural
  • Heating: Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Lot Info

  • Lot Size: .271 ACRES
  • Lot Description: Cul-De-Sac, Level Lot
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.27

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 11540
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2708-00101-0000-00091-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.287
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2021
Closed on
Nov 1, 2021
Sold by
Jamburi Kranthi Kumar and Jamburi Sudha R
Bought by
Khan Daanish and Khan Sana T
Seller's Agent
JEFFREY GAGNON
RE/MAX FIRST REALTY
Buyer's Agent
Bruce McDonald
MASTER KEY REALTORS
List Price
$695,000
Sold Price
$762,500
Premium/Discount to List
$67,500
9.71%
Current Estimated Value
$954,009

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,509
Avg. Annual Appreciation
5.82%
Original Mortgage
$507,000
Outstanding Balance
$464,578
Interest Rate
2.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$489,431

Purchase Details

Closed on
Nov 19, 2009
Sold by
Churchill Estates Llc
Bought by
Jamburi Kranthi Kumar and Reddy Sudha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$485,347
Interest Rate
4.86%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Khan Daanish $762,500 First American Title Ins Co
Jamburi Kranthi Kumar $530,000 Consolidated Title Group Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khan Daanish $507,000
Previous Owner Jamburi Kranthi Kumar $485,347
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/12/2021 11/12/21 Sold $762,500 +9.7% $285 / Sq Ft
08/19/2021 08/19/21 Pending -- -- --
08/13/2021 08/13/21 For Sale $695,000 -- $260 / 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
2025 $13,086 $900,400 $323,500 $576,900
2024 $13,086 $718,200 $323,500 $394,700
2023 $13,545 $698,200 $303,500 $394,700
2022 $13,480 $658,200 $263,500 $394,700
2021 $11,470 $514,600 $138,500 $376,100
2020 $11,540 $504,600 $128,500 $376,100
2019 $11,928 $514,600 $138,500 $376,100
2018 $12,052 $514,600 $138,500 $376,100
2017 $12,098 $514,600 $138,500 $376,100
2016 $12,201 $514,600 $138,500 $376,100
2015 $12,119 $514,600 $138,500 $376,100
2014 $11,939 $514,600 $138,500 $376,100
Source: Public Records

Agents Affiliated with this Home

  • JEFFREY GAGNON

    Seller's Agent in 2021

    JEFFREY GAGNON

    RE/MAX

    (848) 203-4077

    1 in this area

    27 Total Sales

    JEFFREY GAGNON
    Section Image
  • Bruce McDonald

    Buyer's Agent in 2021

    Bruce McDonald

    MASTER KEY REALTORS

    (732) 213-4555

    4 in this area

    12 Total Sales

    Bruce McDonald
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3733251

Garden State MLS

APN: 08-00101-0000-00091

New Jersey Somerset County Somerset 08873

7 Colgate Ct, Somerset, NJ

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