NOT LISTED FOR SALE

Estimated Value: $280,112 - $361,000

0.83 Acre
$374,130 Price per Acre
36,155 Sq Ft Lot

Last Sold January 08, 2021

Last sale price $200,000

Est. 55% increase in value since last sale

Current estimated payment $2,089/month

402 Days on Market

Highlights

  • Beach Access
  • No HOA
  • Many Trees
  • Secluded Lot
  • Property is near shops

About This Lot

As of January 2021

Very private nature setting for bird lovers. This prime Cranbury residential land lot is your opportunity to build a home where nobody can see you from the road. Two residential land lots have never been on the market. Contractors with end-users and home buyers who wish to set a modular home or create their custom home are welcome to this opportunity. 70 Toilsome Av., rear lot, and 68 Toilsome Av., front lot (170246324) are found located 1.1 miles from Cranbury Park yet a sufficient distance from the Merritt Parkway. This secluded area is walking distance to the Cranbury Market with groceries, wine, flowers, banking, nail salon, and take-out food. Numerous retail shopping a 5-minute drive away. City water, sewer, electricity, and cable located on the street. Property boundary stacked between the two lots. Wonderful investment opportunity where the motivated seller says, "Bring your offer."

Last Agent to Sell the Property

Barbara Cleland

Barbara Cleland Realty Group License #REB.0791475 Listed on: 10/21/2019

Last Buyer's Agent

Jon Magnotta

Outlook Realty License #REB.0788789

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,445

Lot Details

  • 0.83 Acre Lot
  • Secluded Lot
  • Many Trees
  • Property is zoned AA

Location

  • Property is near shops

Schools

  • Cranbury Elementary School
  • West Rocks Middle School
  • Norwalk High School

Utilities

  • Phone Available
  • Cable TV Available

Community Details

Overview

  • No Home Owners Association

Recreation

  • Beach Access

Property Details

Property Type

Land

Est. Annual Taxes

$4,445

Lot Details

0

Listing Details

  • Neighborhood: Cranbury
  • Property Type: Lots and Land For Sale
  • Nearby Amenities: Park, Shopping/Mall
  • Property Sub Type: Residential Land
  • Direct Waterfront: No
  • Tax Year Updated Dt: 08/03/2020
  • Directions: Newtown Av., to Grumman Av., to Toilsome Av. 68 is the front lot and 70 the back lot. Please see survey attached to listing. Property boundary with 68 Toilsome has been staked.
  • Special Features: None

Interior Features

  • Street Number Modifier: 70

Exterior Features

  • Waterfront Description: Beach Rights
  • Road Frontage Description: Paved Road
  • Road Frontage Approximate: 25

Utilities

  • Sewer: Public Sewer In Street
  • Utilities Available: Electric Available, Phone Available, Cable Available
  • Septic Approval: No
  • Septic Plan Available: No

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Cranbury
  • Middle School: West Rocks
  • High School: Norwalk

Lot Info

  • Acres: 0.8300
  • Lot Description: Rear Lot, Secluded, Treed
  • Flood Zone: No
  • Lot Improvements: Approved Building Lot, Lot Staked, Sidewalk
  • Lots Number Of: 1
  • Subdividable Ynu: No
  • Zoning: AA

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 4445
  • Total Assessed Value: 184920
  • Mil Rate Base: 22.250
  • Mil Rate Tax District: 1.787
  • Mil Rate Total: 24.037
  • Assessor Parcel Number: 242909

MLS Schools

  • Elementary School: Cranbury
  • Middle Jr High School: West Rocks
  • High School: Norwalk

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2019
Closed on
Jan 5, 2021
Sold by
Jerusavage Anna M
Bought by
Magnotta Jon
Seller's Agent
Barbara Cleland
Barbara Cleland Realty Group
Buyer's Agent
Jon Magnotta
Outlook Realty
List Price
$260,000
Sold Price
$200,000
Premium/Discount to List
-$60,000
-23.08%
Current Estimated Value
$310,528

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,528
Avg. Annual Appreciation
7.96%

Purchase Details

Closed on
Nov 3, 1976
Bought by
Jerusavage Anna May
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Magnotta Jon $200,000 None Available
Magnotta Jon $200,000 None Available
Magnotta Jon $200,000 None Available
Jerusavage Anna May -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Magnotta Jon $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2021 01/08/21 Sold $200,000 -13.0% --
11/26/2020 11/26/20 Pending -- -- --
04/29/2020 04/29/20 Price Changed $230,000 -11.5% --
02/01/2020 02/01/20 For Sale $260,000 +30.0% --
12/01/2019 12/01/19 Off Market $200,000 -- --
11/18/2019 11/18/19 Price Changed $260,000 -1.9% --
10/21/2019 10/21/19 For Sale $265,000 -- --
Source: SmartMLS

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 $4,378 $185,590 $185,590 $0
2023 $3,536 $140,539 $140,539 $0
2022 $3,470 $140,524 $140,524 $0
2021 $4,447 $184,920 $184,920 $0
2020 $4,445 $184,920 $184,920 $0
2019 $4,099 $175,420 $175,420 $0
2018 $4,542 $170,350 $170,350 $0
2017 $4,386 $170,350 $170,350 $0
2016 $4,344 $170,350 $170,350 $0
2015 $4,332 $170,350 $170,350 $0
2014 $4,276 $170,350 $170,350 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170246349

SmartMLS

APN: NORW-000005-000027-000121