NOT LISTED FOR SALE

7 Lake Ave Unit 1B East Brunswick, NJ 08816

Estimated Value: $188,371 - $263,000

1 Bed
1 Bath
953 Sq Ft
479 Sq Ft Lot

Last Sold August 31, 2021

Last sale price $170,000 $178 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $1,654/month

16 Days on Market

Highlights

  • Private Pool
  • Property is near public transit
  • Eat-In Kitchen
  • Lawrence Brook Elementary School Rated A-
  • Den
  • Living Room

About This Home

As of August 2021

Great Location & Condition! Must see this Beautiful 2nd floor Condo which is completely updated with a new Kitchen & Bathroom, Washer & Dryer, A/C Window Units & Crown Molding throughout. Spacious Master Bedroom with a Wall of Closets, Living Room with Recessed Lights & Den with Sliders to Private Balcony overlooking courtyard & view of the lake.. Enjoy private living in the Lake Estates Community with the added advantage of being a commuter's dream. Very close to NYC Bus, Major Highways, Shops, Dining, Downtown New Brunswick & Rutgers University. Association has an outdoor swimming pool. Award-Winning East Brunswick Blue Ribbon School System!

Last Agent to Sell the Property

Jane Mueller

RE/MAX FIRST REALTY, INC. Listed on: 07/16/2021

RE/MAX FIRST REALTY, INC.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,154

Year Built

  • Built in 1970

Lot Details

  • 479

Home Design

  • Flat Roof Shape

Interior Spaces

  • 953 Sq Ft Home
  • 1-Story Property
  • Entrance Foyer
  • Living Room
  • Den

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Pool

  • Private Pool

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating

Community Details

Overview

  • Association fees include common area maintenance, heat, water
  • Lake Estates Subdivision
  • The community has rules related to vehicle restrictions

Building Details

  • Maintenance Expense $355

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,154

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Sub Type: Condo/TH
  • Prop. Type: Residential
  • Lot Size Acres: 0.011
  • Lot Size: 0.00 x 0.00
  • Ownership: Condominium
  • Subdivision Name: Lake Estates
  • Architectural Style: Remarks
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: 2nd Floor
  • Property Attached Yn: Yes
  • Building Stories: 1
  • Year Built: 1970
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Room Kitchen Features: Eat-in Kitchen
  • Appliances: Dishwasher, Dryer, Gas Range/Oven, Microwave, Refrigerator, Washer
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile
  • Interior Amenities: 1 Bedroom, Entrance Foyer, Kitchen, Living Room, Bath Main, Den
  • Living Area: 953
  • Stories: 1

Exterior Features

  • Lot Features: Near Shopping, See Remarks, Near Public Transit
  • Pool Features: Outdoor Pool
  • Roof: Flat

Utilities

  • Gas Company: Natural Gas
  • Cooling: Wall Unit(s)
  • Heating: Baseboard
  • 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
  • Pets Allowed: Restricted i.e. size

Fee Information

  • Association Fee Includes: Common Area Maintenance, Heat, Water

Lot Info

  • Lot Size Sq Ft: 479
  • Zoning: O1

Multi Family

  • Maintenance Expense: 355

Tax Info

  • Tax Annual Amount: 4154
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2021
Closed on
Aug 17, 2021
Sold by
Chan Anthony C and Chan Laura S
Bought by
Gautam Suraj
Seller's Agent
Jane Mueller
RE/MAX FIRST REALTY, INC.
List Price
$170,000
Sold Price
$170,000
Current Estimated Value
$241,593

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,593
Avg. Annual Appreciation
8.95%
Original Mortgage
$136,000
Outstanding Balance
$123,480
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$118,113

Purchase Details

Closed on
Apr 21, 2003
Sold by
Tsao Joanna
Bought by
Chan Anthony and Chan Laura
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
Gautam Suraj $170,000 Foundation Title Llc
Chan Anthony $84,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gautam Suraj $136,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2021 08/31/21 Sold $170,000 0.0% $178 / Sq Ft
08/01/2021 08/01/21 Pending -- -- --
07/16/2021 07/16/21 For Sale $170,000 -- $178 / Sq Ft
Source: All Jersey 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 $4,418 $36,800 $15,000 $21,800
2024 $4,297 $36,800 $15,000 $21,800
2023 $4,297 $36,800 $15,000 $21,800
2022 $4,282 $36,800 $15,000 $21,800
2021 $4,160 $36,800 $15,000 $21,800
2020 $4,154 $36,800 $15,000 $21,800
2019 $4,111 $36,800 $15,000 $21,800
2018 $4,037 $36,800 $15,000 $21,800
2017 $3,971 $36,800 $15,000 $21,800
2016 $3,889 $36,800 $15,000 $21,800
2015 $3,791 $36,800 $15,000 $21,800
2014 $3,710 $36,800 $15,000 $21,800
Source: Public Records

Agents Affiliated with this Home

  • Jane Mueller

    Seller's Agent in 2021

    Jane Mueller

    RE/MAX

    (732) 322-2908

    286 in this area

    359 Total Sales

    Jane Mueller
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Map

Source: All Jersey MLS

MLS Number: 2200816R

All Jersey MLS

APN: 04-00026-02-00002-0000-C0702

New Jersey Middlesex County East Brunswick 08816

7 Lake Ave Unit 1B, East Brunswick, NJ

This home is located at 7 Lake Ave Unit 1B, East Brunswick, NJ 08816 since 16 July 2021 and is currently estimated at $241,593, approximately $253 per square foot. This property was built in 1970. 7 Lake Ave Unit 1B is a home located in Middlesex County with nearby schools including Lawrence Brook Elementary School, Memorial Elementary School, and Churchill Junior High School.

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