NOT LISTED FOR SALE

7 Paley Place Edison, NJ 08817

Estimated Value: $735,769 - $859,000

7 Beds
3 Baths
2,550 Sq Ft
$311/Sq Ft Est. Value

Last Sold October 04, 2022

Last sale price $585,000 $229 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $5,450/month

34 Days on Market

Highlights

  • Custom Home
  • Property is near public transit
  • 2 Fireplaces
  • Washington Elementary School Rated A-
  • Wood Flooring
  • Workshop

About This Home

As of October 2022

Opportunity is knocking! Beautiful 2550 sq feet colonial 7 Beds 3 Bath home w 2 car attached garage on a prime location. Movein home awaits new ownership! A great open floor plan layout with lots of Natural light, great for a large family. Large formal living room with wooden floors opens into an oversized EIK which has lots of cabinets, which flows into a formal dining room with a wood burning fireplace. Enjoy the Spacious family room with tiled floors and a cozy wood burning Fireplace with a beautiful brick accent.Floor plan is perfect for In-laws with 2 beds/1 full bath on Main level. Also there is an Access to the deck and a beautiful backyard, great for entertaining with a fence. Upstairs are all the 5 bedrooms. Master Bedroom is a generously sized Bedroom with an attached bathroom and lots of closet space.Entire house is full of natural sunlight. House comes with a finished basement, which can be used for media, gym, and entertainment. Location is the heartbeat of the house. You are located centrally close to all highways, mass commute, dining and shopping and easy NYC transportation, & so much more! All of this & more, ready & waiting for you! Don't wait! This could be the ONE!

Last Listed By

Akhila Aneja

KELLER WILLIAMS ELITE REALTORS Listed on: 08/31/2022

KELLER WILLIAMS ELITE REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,233

Year Built

  • 1907

Lot Details

  • 10,006 Sq Ft Lot
  • Lot Dimensions are 145.00 x 69.00
  • Cul-De-Sac
  • Property is zoned RB

Parking

  • 2 Car Attached Garage
  • Oversized Parking
  • Side by Side Parking
  • Driveway
  • On-Street Parking
  • Open Parking

Home Design

  • Custom Home
  • Colonial Architecture
  • Asphalt Roof

Interior Spaces

  • 2,550 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Entrance Foyer
  • Family Room
  • Living Room
  • Formal Dining Room
  • Utility Room

Kitchen

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

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms
  • Bathtub

Laundry

  • Dryer
  • Washer

Finished Basement

  • Partial Basement
  • Recreation or Family Area in Basement
  • Workshop
  • Basement Storage

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • Zoned Cooling
  • Baseboard Heating
  • Underground Utilities

Community Details

  • South Edison Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,233

Year Built

1907

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.2297
  • Lot Size: 145.00 x 69.00
  • Ownership: Land Owned,Fee Simple
  • Subdivision Name: South Edison
  • Architectural Style: Colonial
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Property Attached Yn: No
  • Building Stories: 2
  • Structure Type: Custom Development, Custom Home
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1907

Interior Features

  • Bedroom/Bathroom Features: Tub Only
  • Dining Room Features: Formal Dining Room
  • Master Bedroom Features: Full Bath
  • Room Kitchen Features: Eat-in Kitchen
  • Appliances: Dishwasher, Dryer, Gas Range/Oven, Refrigerator, Washer
  • Has Basement: Partial, Finished, Recreation Room, Storage Space, Utility Room, Workshop
  • Full Bathrooms: 3
  • Total Bedrooms: 7
  • Fireplace Features: Wood Burning
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Laminate, Wood
  • Interior Amenities: Entrance Foyer, 2 Bedrooms, Kitchen, Living Room, Dining Room, Family Room, 5 (+) Bedrooms, Bath Main
  • Living Area: 2550
  • Stories: 2

Exterior Features

  • Lot Features: Near Shopping, Near Train, Cul-De-Sac
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: 2 Car Width, Garage, Attached, Oversized, Driveway, On Street

Utilities

  • Gas Company: Natural Gas
  • Cooling: Zoned
  • Heating: Zoned, Baseboard
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association #2 Fee Frequency: Monthly

Lot Info

  • Lot Size Sq Ft: 10006
  • Zoning: RB

Tax Info

  • Tax Annual Amount: 11233
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2022
Closed on
Oct 4, 2022
Sold by
Maragoto Irrevocable Family Discretionar
Bought by
Patel Raxesh Rajendrabhai
Seller's Agent
Akhila Aneja
KELLER WILLIAMS ELITE REALTORS
List Price
$585,000
Sold Price
$585,000
Total Days on Market
34
Views
31
Current Estimated Value
$793,442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,442
Avg. Annual Appreciation
9.55%
Original Mortgage
$497,250
Outstanding Balance
$479,942
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
$265,602

Purchase Details

Closed on
Oct 17, 2016
Sold by
Maragoto Maria T and Maragoto Teresa Maragoto
Bought by
Maragoto Irrevocable Fami Ly Discretio N and Mischke Maria E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
3.47%
Source: Public Records

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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 Raxesh Rajendrabhai $585,000 --
Maragoto Irrevocable Fami Ly Discretio N -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Raxesh Rajendrabhai $497,250
Previous Owner Maragoto Irrevocable Fami Ly Discretio N --
Previous Owner Maragoto Lucilo M $198,000
Previous Owner Maragoto Lucilo M $213,357
Previous Owner Maragoto Lucilo M $110,000
Previous Owner Maragoto Lucilo $109,545
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2022 10/04/22 Sold $585,000 0.0% $229 / Sq Ft
08/31/2022 08/31/22 For Sale $585,000 -- $229 / 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
2024 $11,949 $201,800 $90,000 $111,800
2023 $11,949 $201,800 $90,000 $111,800
2022 $11,271 $190,300 $90,000 $100,300
2021 $10,466 $190,300 $90,000 $100,300
2020 $11,131 $190,300 $90,000 $100,300
2019 $10,710 $190,300 $90,000 $100,300
2018 $10,451 $190,300 $90,000 $100,300
2017 $10,231 $190,300 $90,000 $100,300
2016 $10,040 $190,300 $90,000 $100,300
2015 $9,656 $190,300 $90,000 $100,300
2014 $9,374 $190,300 $90,000 $100,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2302593R

All Jersey MLS

APN: 05-00163-0000-00009-01