NOT LISTED FOR SALE

701 Timber Oaks Rd Edison, NJ 08820

Estimated Value: $580,000 - $666,000

3 Beds
2.5 Baths
1,848 Sq Ft
$347/Sq Ft Est. Value

Last Sold October 18, 2023

Last sale price $575,000 $311 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,201/month

33 Days on Market

Highlights

  • Wood Flooring
  • End Unit
  • Granite Countertops
  • James Madison Primary School Rated A-
  • Corner Lot
  • Formal Dining Room

About This Home

As of October 2023

Bright, spacious, and well-maintained End unit North East facing Townhome in Timber Oaks offers privacy, elegance, and convenience. Immaculate 3 bedroom 2.5 bath townhome features an open kitchen with granite countertops, backsplash, Stainless Steel Appliances, and custom drawers. and a thoughtful layout with hardwood floors on the First Floor and cozy Carpeting Upstairs. Additional highlights include recessed lighting, a stylish Master Bathroom, and a spacious finished attic for extra storage. Water heater, AC & Furnace 2021. Conveniently located for NY commuters, near Metropark Train station, Shopping, parks, and major highways. A True Gem for Homebuyers !!

Last Agent to Sell the Property

Nisha Sawant

RE/MAX SELECT Listed on: 09/15/2023

RE/MAX SELECT

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $9,530

Year Built

  • Built in 1982

Lot Details

  • 100 Sq Ft Lot
  • End Unit

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,848 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Utility Room

Kitchen

  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Location

  • Property is near shops

Utilities

  • Forced Air Heating System
  • Underground Utilities
  • Gas Water Heater

Community Details

Overview

  • Association fees include common area maintenance, ground maintenance, snow removal, trash
  • Oaks Subdivision
  • The community has rules related to vehicle restrictions

Pet Policy

  • Pets Allowed

Building Details

  • Maintenance Expense $268

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$9,530

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Sub Type: Townhouse,Condo/TH
  • Prop. Type: Residential
  • Lot Size Acres: 0.0023
  • Ownership: Condominium
  • Subdivision Name: Oaks
  • Architectural Style: End Unit, Townhouse
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Property Attached Yn: No
  • Building Stories: 2
  • Structure Type: Townhouse
  • Year Built: 1982
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Dining Room Features: Living Dining Combo
  • Room Kitchen Features: Granite/Corian Countertops, Separate Dining Area
  • Appliances: Dishwasher, Dryer, Gas Range/Oven, Microwave, Refrigerator, Washer, Gas Water Heater
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Wood
  • Interior Amenities: Dining Room, Bath Half, Family Room, Entrance Foyer, Kitchen, Living Room, Utility Room, 3 Bedrooms, Bath Main, Bath Second, Laundry Room, None
  • Living Area: 1848
  • Stories: 2

Exterior Features

  • Lot Features: Corner Lot, Near Shopping
  • Roof: Asphalt

Utilities

  • Gas Company: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association #2 Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Area Maintenance, Maintenance Grounds, Snow Removal, Trash

Lot Info

  • Lot Size Sq Ft: 100
  • Zoning: RBBT

Multi Family

  • Maintenance Expense: 268

Tax Info

  • Tax Annual Amount: 9530
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2023
Closed on
Oct 13, 2023
Sold by
Venkata Kasi Visweswararao Sannidhi & Am
Bought by
Jain Rajesh and Jain Smita Rajesh
Seller's Agent
Nisha Sawant
RE/MAX SELECT
List Price
$540,000
Sold Price
$575,000
Premium/Discount to List
$35,000
6.48%
Views
16
Current Estimated Value
$641,721

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,721
Avg. Annual Appreciation
5.76%
Original Mortgage
$488,749
Outstanding Balance
$479,247
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$162,474

Purchase Details

Closed on
Oct 24, 2017
Sold by
Rajan Rajagopalan
Bought by
Venkata Kasi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,800
Interest Rate
3.88%

Purchase Details

Closed on
Apr 18, 2007

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,100
Interest Rate
6.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 4, 1998
Sold by
Wong Yat War
Bought by
Ku Theresa Win Hsiu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.98%

Purchase Details

Closed on
Oct 18, 1993
Sold by
Arcs Mortgage
Bought by
Wong Yat Wah Michael and So Man Mei Miranda
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
Jain Rajesh $575,000 Providence Abstract
Venkata Kasi $450,000 --
-- $378,000 --
Ku Theresa Win Hsiu $165,000 --
Wong Yat Wah Michael $138,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jain Rajesh $488,749
Previous Owner Venkata Kasi $348,800
Previous Owner Venkata Kasi --
Previous Owner -- $359,100
Previous Owner Ku Theresa Win Hsiu $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2023 10/18/23 Sold $575,000 +6.5% $311 / Sq Ft
09/15/2023 09/15/23 For Sale $540,000 0.0% $292 / Sq Ft
06/01/2022 06/01/22 Rented $2,600 -3.7% --
03/14/2022 03/14/22 Price Changed $2,700 +3.8% --
03/01/2022 03/01/22 For Rent $2,600 +18.2% --
05/25/2021 05/25/21 Rented -- -- --
04/25/2021 04/25/21 Under Contract -- -- --
04/15/2021 04/15/21 For Rent $2,200 -- --
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 $9,578 $160,900 $65,000 $95,900
2024 $9,527 $160,900 $65,000 $95,900
2023 $9,527 $160,900 $65,000 $95,900
2022 $9,530 $160,900 $65,000 $95,900
2021 $9,144 $160,900 $65,000 $95,900
2020 $9,411 $160,900 $65,000 $95,900
2019 $8,701 $160,900 $65,000 $95,900
2018 $8,837 $160,900 $65,000 $95,900
2017 $8,650 $160,900 $65,000 $95,900
2016 $8,135 $160,900 $65,000 $95,900
2015 $7,826 $160,900 $65,000 $95,900
2014 $7,604 $160,900 $65,000 $95,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2352713M

All Jersey MLS

APN: 05-00427-0000-00026-0000-C0701