NOT LISTED FOR SALE

7 Terrace Ln Bridgewater, NJ 08807

Estimated Value: $913,000 - $1,002,000

4 Beds
2.5 Baths
2,524 Sq Ft
$376/Sq Ft Est. Value

Last Sold November 15, 2019

Last sale price $582,000 $231 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $6,268/month

74 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Attic
  • Milltown School Rated A
  • Wood Flooring
  • High Ceiling

About This Home

As of November 2019

Captivating colonial in Milltown Sch District. 2- Story entry w/ wood flrs. Over 2500sf per tax records. Natural light galore. Newer roof w/ cost saving solar panels. Sprinklers-smart phone control Updated,new Kit boasts granite countertops w/ counter seating, dinette& access to deck w/composite floor. Open flr plan leads to Lrg FR off KIT boasts FP& wall of windows. The DR designed for entertaining w/built in scones, chandelier & flows to the LR. 2nd Flr features new carpet, closet space& ample bedrms. Oversized Master suite w/2 closets& Lrg Bathrm w/double sink,new lighting& mirror. The value continues in the fin bsmt offers office, 2 rec areas-many options! Attic w/flooring offers additionl storage. Fenced flat yard. Award-winning schools. Proximity to shopping, NYC trains, parks& major highways

Last Agent to Sell the Property

LISA BERCHOFF

WEICHERT REALTORS Listed on: 07/13/2019

Last Buyer's Agent

Kevin Yento

COLDWELL BANKER REALTY

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,292

Year Renovated

  • 2019

Lot Details

  • 6,098 Sq Ft Lot
  • Sprinkler System

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Updated or Remodeled
  • Aluminum Siding

Interior Spaces

  • High Ceiling
  • Ceiling Fan
  • Blinds
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Home Office
  • Game Room
  • Home Gym
  • Attic
  • Finished Basement

Kitchen

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

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Powder Room

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Deck

Schools

  • Milltown Elementary School
  • Bridg-Rar Middle School
  • Bridg-Rar High School

Utilities

  • Forced Air Heating and Cooling System
  • One Cooling System Mounted To A Wall/Window
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2706-00193-0000-00012-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,292

Year Renovated

2019

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built Description: Approximate, Renovated
  • County Name: Somerset
  • Exclusions: Refrigerator, Foyer chandelier (negotiable)
  • Renovated Year: 2019
  • Street Number Display: 7
  • Directions: Vanderveer Rd to Comart Way to Terrace Lane
  • I D: 4914787
  • Modified: 2021-09-23
  • Number Images: 24
  • Section Subdiv Development: Royal Estates
  • First Name: LISA
  • First Name3: BENNY
  • Last Name: BERCHOFF
  • Last Name3: YENTO
  • Office Phone3: 908-334-4586
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2019

Interior Features

  • Flooring: Carpeting, Laminate, Wood
  • Fireplace Description: Family Room
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Range/Oven-Gas, Refrigerator, Washer, Dishwasher, Dryer, Microwave Oven
  • Interior Amenities: Walk-In Closet, StallTub, Blinds, Fire Extinguisher, Carbon Monoxide Detector, High Ceilings, Smoke Detector
  • Number Rooms: 10
  • Bedrooms: 4
  • Master Bedroom Desc: Full Bath, Walk-In Closet
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished
  • Basement Level Rooms: Office, GameRoom, Exercise Room
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Breakfast Bar, Eat-In Kitchen
  • Kitchen Level: First
  • Living Room Level: First
  • Level 1 Rooms: Laundry Room, Foyer, GarEnter, Living Room, Dining Room, Powder Room, Family Room, Kitchen
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other
  • Level 3 Rooms: Attic
  • Phone: 908-526-5444

Exterior Features

  • Exterior Description: Aluminum Siding
  • Exterior Features: Underground Lawn Sprinkler, Deck
  • Roof Description: Asphalt Shingle

Garage/Parking

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

Utilities

  • Cooling: 1 Unit, Ceiling Fan, Central Air
  • Fuel Type: Gas-Natural, SolarLse
  • Heating: 1 Unit, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Schools

  • Elementary School: MILLTOWN
  • Middle School: BRIDG-RAR
  • High School: BRIDG-RAR
  • High School: BRIDG-RAR
  • Middle Jr High School: BRIDG-RAR

Lot Info

  • Lot Size: .1421 AC
  • Assessed Improvement Value: 312000
  • Assessed Land Value: 277100
  • Assessment: 589100
  • Easement: Unknown
  • Lot Identifier: 12
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.14

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 12292
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2706-00193-0000-00012-0000-
  • Tax Rate Amount: 2.091
  • Tax Rate Tax: *
  • Tax Rate Year: 2018
  • Tax Year Tax: *
  • Tax Year: 2018

MLS Schools

  • Grade School: MILLTOWN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2019
Closed on
Nov 18, 2019
Sold by
Farrell Michael A and Farrell Joann M
Bought by
Ravi Prashanthi and Mallepeddi Radhakrishnaprasanth
Seller's Agent
LISA BERCHOFF
WEICHERT REALTORS
Buyer's Agent
Kevin Yento
COLDWELL BANKER REALTY
List Price
$614,900
Sold Price
$582,000
Premium/Discount to List
-$32,900
-5.35%
Current Estimated Value
$934,601

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$352,601
Avg. Annual Appreciation
8.75%
Original Mortgage
$465,600
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 1999
Sold by
Gobbo Joann
Bought by
Farrell Michael and Farrell Joann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
7.8%

Purchase Details

Closed on
Jul 12, 1996
Sold by
Royal Estates Inc
Bought by
Gobbo Frank and Gobbo Joann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,000
Interest Rate
8.08%
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
Ravi Prashanthi $582,000 Nrt Title Agency Llc
Farrell Michael $325,000 --
Gobbo Frank $235,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ravi Prashanthi $455,400
Closed Ravi Prashanthi $455,400
Closed Ravi Prashanthi $465,600
Previous Owner Farrell Michael A $80,200
Previous Owner Farrell Joann M $345,000
Previous Owner Farrell Michael A $360,000
Previous Owner Farrell Michael $260,000
Previous Owner Gobbo Frank $158,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2019 11/15/19 Sold $582,000 -5.4% $231 / Sq Ft
09/25/2019 09/25/19 Pending -- -- --
07/13/2019 07/13/19 For Sale $614,900 -- $244 / 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 $14,584 $758,400 $287,100 $471,300
2024 $14,584 $747,500 $287,100 $460,400
2023 $13,581 $684,200 $287,100 $397,100
2022 $12,722 $619,700 $277,100 $342,600
2021 $12,459 $600,000 $277,100 $322,900
2020 $12,474 $595,700 $277,100 $318,600
2019 $12,459 $589,100 $277,100 $312,000
2018 $12,293 $582,600 $277,100 $305,500
2017 $12,066 $571,300 $267,100 $304,200
2016 $11,866 $570,200 $267,100 $303,100
2015 $11,814 $568,000 $267,100 $300,900
2014 $10,866 $514,500 $247,100 $267,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3572962

Garden State MLS

APN: 06-00193-0000-00012