Seller's Agent in 2021
Sandra Ranoldo
Weichert Corporate
(609) 304-6094
12 in this area
48 Total Sales
Estimated Value: $731,000 - $819,962
4
Beds
3.5
Baths
2,870
Sq Ft
$274/Sq Ft
Est. Value
Highlights
- 3.3 Acre Lot
- Contemporary Architecture
- 1 Fireplace
- Haines Memorial 6th Grade Center Rated A-
- Backs to Trees or Woods
- Great Room
About This Home
As of April 2021Welcome to 7 Penny Ln., a beautiful country French design contemporary on a quiet cul de sac. As you pull up you're welcomed by a 2 story stone & stucco front & 2 car side turned garage. Enter inside to a 2 story foyer with arched window above the double door entry. Hardwood floors and a 2nd floor bridge leads you to the great room with another arched window over the 1st set of french doors letting in an abundance of light. A gas fireplace is flanked by built in shelves. You'll find a granite topped wet bar in this area, perfect for entertaining. The adjacent formal dining room has a tray ceiling, chair rail molding and the 2nd set of french doors. The huge kitchen is next with such an abundance of cabinet space I dare you to fill them all. There's a nice breakfast area, desk area and a peninsula counter for your informal dining. Double wall ovens, glass top cooking, built in microwave & hardwood flooring makes this the center of gatherings. A 1/2 bath & laundry/mud room are off the kitchen. Garage access is from the laundry room. A first floor office could be easily converted to be a 4th. bedroom. BONUS!!! A full first floor master bedroom/ensuite. Here is the "3rd" set of French doors. All 3 sets of French doors leads to a deck that runs the entire width of the house. The spacious master bath has a 2 person jetted tub, full tiled shower with seat, water closet, double vanities all topped off with a skylight. There's a large walk in closet to complete this space. On the 2nd floor are 2 more nice sized bedrooms both with walk in closets and the 2nd full bath. Most rooms have lighted ceiling fans, recessed lighting, and raised paneled doors. Now to the heated finished basement. If you need more living space or storage space you'll have plenty of both on this level. A family room, game room, monopoly anyone? Visit this house and you'll see what I mean. The pool table and ping pong table are both negotiable. A full bath and cedar closet are 2 more big pluses on this level. The newer HVAC systems are in a separate area in the basement. Sit out back on the huge deck and enjoy all that nature has to offer in this wooded private yard. Add economical gas heat, public water & sewer all on a 3+ acre lot with a shed and you have it all. Penny Lane is close to all major highways, shopping & eateries. You won't be disappointed!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $15,035
Year Built
- Built in 1995
Lot Details
- 3.3 Acre Lot
- Backs to Trees or Woods
- Property is zoned RGD
Parking
- 2 Car Direct Access Garage
- Side Facing Garage
- Garage Door Opener
- Driveway
Home Design
- Contemporary Architecture
- French Architecture
- Frame Construction
Interior Spaces
- 2,870 Sq Ft Home
- Property has 2 Levels
- 1 Fireplace
- Entrance Foyer
- Great Room
- Family Room
- Breakfast Room
- Dining Room
- Den
- Game Room
- Storage Room
- Finished Basement
Bedrooms and Bathrooms
- En-Suite Primary Bedroom
Schools
- Medford Twp Memorial Middle School
- Shawnee High School
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Water Heater
Community Details
- No Home Owners Association
- The Reserve Subdivision
Listing and Financial Details
- Tax Lot 00008
- Assessor Parcel Number 20-05503 01-00008
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 29, 2021
Closed on
Apr 22, 2021
Sold by
Ostermayer David J and Ostermayer Kathleen A
Bought by
Patel Ashit and Patel Kashmira
Seller's Agent
Sandra Ranoldo
Weichert Realtors-Medford
Buyer's Agent
Sandra Ranoldo
Weichert Realtors-Medford
List Price
$500,000
Sold Price
$515,000
Premium/Discount to List
$15,000
3%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$275,950
Avg. Annual Appreciation
10.96%
Original Mortgage
$150,000
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 26, 2006
Sold by
Ostermayer David and Ostermayer Kathleen
Bought by
Ostermayer David J and Ostermayer Kathleen A
Purchase Details
Closed on
Sep 26, 2003
Sold by
Cecco David P and Cecco Ann M
Bought by
Ostermayer David and Ostermayer Kathleen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.44%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 22, 1998
Sold by
Steinberg Howard I and Steinberg Sarah K
Bought by
Cecco David P and Cecco Ann M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,000
Interest Rate
7.09%
Purchase Details
Closed on
Mar 15, 1995
Sold by
Paparone Housing Company Inc
Bought by
Steinberg Howard I and Steinberg Sarah K
Purchase Details
Closed on
Aug 30, 1994
Sold by
Kings Grant Evesham Corp
Bought by
Paparone Housing Company Inc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Patel Ashit | $515,000 | Surety Title Company | |
| Ostermayer David J | -- | None Available | |
| Ostermayer David | $450,000 | Security Title Partners | |
| Cecco David P | $317,500 | Security First Title Partner | |
| Steinberg Howard I | $307,645 | Surety Title Corporation | |
| Paparone Housing Company Inc | $95,000 | Congress Title Division |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Patel Ashit | $150,000 | |
| Previous Owner | Ostermayer David | $180,000 | |
| Previous Owner | Cecco David P | $254,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/22/2021 04/22/21 | Sold | $515,000 | +3.0% | $179 / Sq Ft |
| 02/02/2021 02/02/21 | Pending | -- | -- | -- |
| 01/29/2021 01/29/21 | For Sale | $500,000 | -- | $174 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $17,206 | $484,800 | $107,800 | $377,000 |
| 2024 | $15,684 | $484,800 | $107,800 | $377,000 |
| 2023 | $15,684 | $472,700 | $107,800 | $364,900 |
| 2022 | $15,363 | $472,700 | $107,800 | $364,900 |
| 2021 | $15,129 | $468,100 | $107,800 | $360,300 |
| 2020 | $15,035 | $468,100 | $107,800 | $360,300 |
| 2019 | $14,834 | $468,100 | $107,800 | $360,300 |
| 2018 | $14,628 | $468,100 | $107,800 | $360,300 |
| 2017 | $14,525 | $468,100 | $107,800 | $360,300 |
| 2016 | $14,474 | $468,100 | $107,800 | $360,300 |
| 2015 | $14,258 | $468,100 | $107,800 | $360,300 |
| 2014 | $13,823 | $468,100 | $107,800 | $360,300 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Bright MLS
MLS Number: NJBL390312
APN: 20-05503-01-00008
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