NOT LISTED FOR SALE

72 Magellan Way Franklin Park, NJ 08823

Estimated Value: $757,000 - $813,000

4 Beds
3 Baths
-- Sq Ft
5,663 Sq Ft Lot

Last Sold October 15, 2024

Last sale price $751,000

Est. 4% increase in value since last sale

Current estimated payment $4,980/month

17 Days on Market

About This Home

As of October 2024

This home is located at 72 Magellan Way, Franklin Park, NJ 08823 since 14 August 2024 and is currently estimated at $780,329. 72 Magellan Way is a home located in Somerset County with nearby schools including Franklin High School, St. Augustine of Canterbury School, and Guidepost Montessori at Kendall Park.

Last Agent to Sell the Property

Aarti Walia

KELLER WILLIAMS CORNERSTONE Brokerage Phone: 908-359-0893 Listed on: 08/14/2024

KELLER WILLIAMS CORNERSTONE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,497

Lot Details

  • 5,663 Sq Ft Lot

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,497

Lot Details

0

Listing Details

  • County Name: Somerset
  • I D: 5306743
  • Attribution Contact: 908-359-0893
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Bathrooms: 2.10

Lot Info

  • Lot Size: .13 ACRES
  • Total Acres: 0.13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2024
Closed on
Oct 9, 2024
Sold by
Chakraborty Rakhi and Hussain Syed Faisal
Bought by
Raolji Rushabh and Raolji Shivani
Seller's Agent
Aarti Walia
KELLER WILLIAMS CORNERSTONE
List Price
$700,000
Sold Price
$751,000
Premium/Discount to List
$51,000
7.29%
Views
27
Current Estimated Value
$780,329

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,329
Avg. Annual Appreciation
3.72%
Original Mortgage
$670,500
Outstanding Balance
$663,083
Interest Rate
6.08%
Mortgage Type
New Conventional
Estimated Equity
$117,246

Purchase Details

Listed on
Feb 17, 2021
Closed on
Apr 16, 2021
Sold by
Riese Andrea
Bought by
Chakraborty Rakhi
Seller's Agent
Janice Gueren
RE/MAX DIAMOND REALTORS
Buyer's Agent
Rajshree Kozak
BHHS FOX & ROACH
List Price
$500,000
Sold Price
$535,000
Premium/Discount to List
$35,000
7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.17%
Original Mortgage
$475,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2009
Sold by
Carty Geoffrey and Carty Andrea
Bought by
Riese Andrea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
5.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 1999
Sold by
Hutson Christopher
Bought by
Carty Geoffrey and Carty Andrea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,000
Interest Rate
6.95%

Purchase Details

Closed on
Feb 1, 1991
Sold by
K Hovnanian At Somerset Vii Inc
Bought by
Hutson Christopher and Hutson Kim L
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Raolji Rushabh $751,000 None Listed On Document
Raolji Rushabh $751,000 None Listed On Document
Chakraborty Rakhi $535,000 Ats Title Agency Inc
Riese Andrea -- None Available
Carty Geoffrey $217,500 --
Hutson Christopher $188,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Raolji Rushabh $670,500
Closed Raolji Rushabh $670,500
Previous Owner Chakraborty Rakhi $475,000
Previous Owner Riese Andrea $154,000
Previous Owner Carty Geoffrey $174,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/15/2024 10/15/24 Sold $751,000 +7.3% --
08/31/2024 08/31/24 Pending -- -- --
08/14/2024 08/14/24 For Sale $700,000 +30.8% --
04/16/2021 04/16/21 Sold $535,000 +7.0% -- View Prior Sale
03/01/2021 03/01/21 Pending -- -- --
02/17/2021 02/17/21 For Sale $500,000 -- --
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 $10,497 $710,400 $320,700 $389,700
2024 $10,497 $582,200 $320,700 $261,500
2023 $10,181 $529,700 $268,200 $261,500
2022 $10,104 $498,200 $236,700 $261,500
2021 $7,379 $445,700 $184,200 $261,500
2020 $9,831 $435,200 $173,700 $261,500
2019 $9,713 $424,700 $163,200 $261,500
2018 $9,446 $408,900 $142,200 $266,700
2017 $9,239 $398,400 $131,700 $266,700
2016 $9,195 $393,100 $126,400 $266,700
2015 $9,011 $387,900 $121,200 $266,700
2014 $8,850 $386,800 $120,100 $266,700
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    Aarti Walia

    KELLER WILLIAMS CORNERSTONE

    (732) 688-9401

    7 in this area

    30 Total Sales

    Aarti Walia
    Section Image
  • Janice Gueren

    Seller's Agent in 2021

    Janice Gueren

    RE/MAX

    23 in this area

    35 Total Sales

    Janice Gueren
    Section Image
  • Rajshree Kozak

    Buyer's Agent in 2021

    Rajshree Kozak

    BHHS FOX & ROACH

    (732) 890-7101

    7 in this area

    84 Total Sales

    Rajshree Kozak
    Section Image

  • B

    Buyer Co-Listing Agent in 2021

    Bernard Niall Corbalis

    BHHS FOX & ROACH

    (732) 494-7677

    7 in this area

    85 Total Sales

    Bernard Niall Corbalis
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3918697

Garden State MLS

APN: 08-00020-05-00092

New Jersey Somerset County Franklin Park 08823

72 Magellan Way, Franklin Park, NJ

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