NOT LISTED FOR SALE

71 Demott Ln Somerset, NJ 08873

Somerset Neighborhood

Estimated Value: $621,000 - $667,978

4 Beds
2.5 Baths
2,947 Sq Ft
$218/Sq Ft Est. Value

Last Sold August 13, 2020

Last sale price $418,000 $142 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $4,342/month

17 Days on Market

Highlights

  • Wood Flooring
  • Workshop
  • Formal Dining Room
  • 1 Fireplace
  • Den
  • 1 Car Attached Garage

About This Home

As of August 2020

Beautiful spacious ranch sits on almost a half acre. Park-like views of the yard throughout the house are superb. Every room in this home is vast and features abundant closets. The basement is full, finished and features a huge storage space. Homeowners have cared and loved this house for many years and it shows.... NO MORE SHOWING BEST OFFER TODAY AT NOON 7-01-2020

Last Listed By

Karen Wilkinson

EXP REALTY, LLC Listed on: 06/27/2020

EXP REALTY, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,271

Year Built

  • Built in 1959

Lot Details

  • Property is zoned R20

Parking

  • 1 Car Attached Garage
  • Driveway
  • Open Parking

Home Design

  • Asphalt Roof

Interior Spaces

  • 2,947 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Living Room
  • Formal Dining Room
  • Den
  • Utility Room

Kitchen

  • Eat-In Kitchen
  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Recreation or Family Area in Basement
  • Workshop

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Well
  • Gas Water Heater

Community Details

  • See Remarks Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,271

Year Built

Built in 1959

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Ownership: Fee Simple
  • Subdivision Name: see remarks
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Property Attached Yn: Yes
  • Building Stories: 1
  • Year Built: 1959
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Dining Room Features: Formal Dining Room
  • Room Kitchen Features: Eat-in Kitchen
  • Appliances: Dishwasher, Disposal, Microwave, Range, Oven, Gas Water Heater
  • Has Basement: Full, Finished, Den, Recreation Room, Utility Room, Workshop
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: See Remarks
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Wood
  • Interior Amenities: Kitchen, 4 Bedrooms, Bath Main, Living Room, Bath Other, Dining Room
  • Living Area: 2947
  • Stories: 1

Exterior Features

  • Roof: Asphalt

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: 1 Car Width, Garage, Attached, Built-In Garage, Driveway

Utilities

  • Gas Company: Natural Gas
  • Cooling: Central Air, Wall Unit(s)
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Well

Condo/Co-op/Association

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

Lot Info

  • Zoning: R20

Tax Info

  • Tax Annual Amount: 6271
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2020
Closed on
Aug 13, 2020
Sold by
Junta Barbara A
Bought by
Patel Priti Manish and Patel Manish Ashwinkumar
Seller's Agent
Karen Wilkinson
EXP REALTY, LLC
List Price
$418,000
Sold Price
$418,000
Total Days on Market
17
Current Estimated Value
$642,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$224,745
Avg. Annual Appreciation
9.76%
Original Mortgage
$313,500
Outstanding Balance
$281,206
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$373,131
Source: Public Records

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Range of Values:

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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 Priti Manish $418,000 Old Republic Natl Ttl Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Priti Manish $313,500
Previous Owner Junta Harold T $225,000
Previous Owner Junta Harolo T $190,000
Previous Owner Junta Harold T $174,000
Previous Owner Junta Harold T $174,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2020 08/13/20 Sold $418,000 0.0% $142 / Sq Ft
07/14/2020 07/14/20 Pending -- -- --
06/27/2020 06/27/20 For Sale $418,000 -- $142 / 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 $8,812 $484,700 $290,000 $194,700
2023 $8,473 $438,800 $244,100 $194,700
2022 $8,117 $398,300 $203,600 $194,700
2021 $7,826 $353,300 $158,600 $194,700
2020 $7,693 $339,800 $145,100 $194,700
2019 $7,615 $330,800 $136,100 $194,700
2018 $7,211 $310,000 $118,100 $191,900
2017 $7,235 $310,000 $118,100 $191,900
2016 $7,288 $310,000 $118,100 $191,900
2015 $7,080 $303,200 $113,600 $189,600
2014 $6,959 $302,300 $112,700 $189,600
Source: Public Records

Agents Affiliated with this Home

  • Karen Wilkinson

    Seller's Agent in 2020

    Karen Wilkinson

    EXP REALTY, LLC

    (732) 599-1938

    4 in this area

    68 Total Sales

    Karen Wilkinson
    Section Image
See All Agents

Map

Source: All Jersey MLS

MLS Number: 2019011

All Jersey MLS

APN: 08-00424-01-00049

New Jersey Somerset County Somerset 08873 Somerset

71 Demott Ln, Somerset, NJ

This home is located at 71 Demott Ln, Somerset, NJ 08873 since 27 June 2020 and is currently estimated at $642,745, approximately $218 per square foot. This property was built in 1959. 71 Demott Ln is a home located in Somerset County with nearby schools including Franklin High School, Thomas Edison EnergySmart Charter School, and Rutgers Preparatory School.

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