$535,000
SOLD APR 16, 2021

72 Magellan Way Franklin Park, NJ 08823

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

Recently Sold

7% Above List Price

12 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Formal Dining Room
  • Cathedral Ceiling
  • Attic
  • Butlers Pantry

About This Home

As of October 2024

LARGEST MODEL, GENTLY LIVED IN & UPDATED HOME! NEW LAMINATE ON ENTIRE FIRST FLOOR! TWO-STORY FAMILY ROOM W /UPGRADED PALLADIUM STYLE WINDOWS, FIREPLACE & CEILING FAN! MOST OF THE HOME FRESHLY PAINTED! REFACED KITCHEN CABINETS, CENTER ISLAND W/SINK PLUS BONUS VEGETABLE SINK W/FILTERED FAUCET & SEPARATE DINETTE AREA! 9' CEILINGS ON 1ST FLOOR! MASTER BDRM W/CATHEDRAL CEILING & LARGE CA-STYLE WALK-IN CLOSET! 2 -YEAR-NEW FURNACE, A/C & HOT WATER HEATER! ALL LIGHT FIXTURES REPLACED & ALL WINDOW TREATMENTS INCLUDED! NEWER ROOF & RESURFACED DRIVEWAY! MOST OF THE WINDOW PANES HAVE BEEN REPLACED! PREMIUM LOT LOCATION BACKING TO OPEN LAND WITH AMAZING SUNSET VIEWS! GREAT COMMUNITY WITH UNIQUE OPTION TO JOIN NEIGHBORING ASSOC. POOL! CLOSE TO NYC BUS, MAJOR HIGHWAYS & HOSPITALS!

Last Agent to Sell the Property

Janice Gueren

RE/MAX DIAMOND REALTORS Listed on: 02/17/2021

RE/MAX DIAMOND REALTORS

Last Buyer's Agent

Rajshree Kozak

BHHS FOX & ROACH

BHHS FOX & ROACH

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,831

Year Built

  • Built in 1991

Lot Details

  • 5,663 Sq Ft Lot

HOA Fees

  • $17 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Vinyl Siding
  • Tile

Interior Spaces

  • Cathedral Ceiling
  • Wood Burning Fireplace
  • Blinds
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Dryer
  • Attic

Kitchen

  • Eat-In Kitchen
  • Butlers Pantry
  • Gas Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

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

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Schools

  • Franklin Elementary And Middle School
  • Franklin High School

Utilities

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

Community Details

  • $250 Other One-Time Fees

Listing and Financial Details

  • Assessor Parcel Number 2708-00020-0005-00092-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,831

Year Built

Built in 1991

Lot Details

0

HOA Fees

$17 per month

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1991
  • Year Built Description: Approximate
  • County Name: Somerset
  • Street Number Display: 72
  • Directions: ROUTE 27 OR AMWELL TO SOUTH MIDDLEBUSH TO MAGELLAN
  • I D: 5047437
  • Modified: 2022-04-17
  • Number Images: 24
  • Section Subdiv Development: NOB HILL
  • First Name: JANICE E.
  • First Name3: RAJSHREE
  • First Name4: BERNARD NIALL
  • Last Name: GUEREN
  • Last Name3: KOZAK
  • Last Name4: CORBALIS
  • Office Phone3: 7324947677
  • Office Phone4: 732-890-7101
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpeting, Tile, Wood
  • Fireplace Description: Family Room, Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, Dishwasher, Disposal, Dryer, Microwave Oven, Range/Oven-Gas, Refrigerator
  • Interior Amenities: Blinds, Carbon Monoxide Detector, Cathedral Ceiling, Fire Extinguisher, Smoke Detector, SoakTub, StallShw, TubShowr, Walk-In Closet
  • Number Rooms: 8
  • 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
  • Primary Bathroom Features: Soaking Tub, Stall Shower
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Dining Room Level: First
  • Dining Area: Formal Dining Room
  • Family Room Level: First
  • Kitchen Area: Eat-In Kitchen, Pantry, Separate Dining Area
  • Kitchen Dim: 18x10
  • Kitchen Level: First
  • Living Room Dim: 19x14
  • Living Room Level: First
  • Level 1 Rooms: Dining Room, Family Room, Foyer, Kitchen, Living Room, Powder Room
  • Level 2 Rooms: 4 Or More Bedrooms, Bath Main, Bath(s) Other
  • Level 3 Rooms: Attic
  • Phone: 732-297-1100

Exterior Features

  • Exterior Description: Vinyl Siding
  • Roof Description: Asphalt Shingle

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Fuel Type: Gas-Natural
  • Heating: Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: All Underground
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Association Maintenance Fee: 206
  • Association Maintenance Fee Frequency: Annually

Fee Information

  • Other Fee Freqency: One Time
  • Other Fees: 250

Schools

  • Elementary School: FRANKLIN
  • Middle School: FRANKLIN
  • High School: FRANKLIN
  • High School: FRANKLIN
  • Middle Jr High School: FRANKLIN

Lot Info

  • Lot Size: .13 ACRES
  • Assessed Improvement Value: 261500
  • Assessed Land Value: 173700
  • Assessment: 435200
  • Easement: Unknown
  • Lot Identifier: 92
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.13

Rental Info

  • Application Fee: 285

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Street Number Tax: *
  • Tax Amount: 9831
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2708-00020-0005-00092-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.259
  • Tax Rate Tax: *
  • Tax Rate Year: 2020
  • Tax Year Tax: *
  • Tax Year: 2020

MLS Schools

  • Grade School: FRANKLIN

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
$776,076

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,076
Avg. Annual Appreciation
0.62%
Original Mortgage
$670,500
Interest Rate
6.08%
Mortgage Type
New Conventional

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

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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 Type Sale Price Title Company
Bargain Sale Deed $751,000 None Listed On Document
Bargain Sale Deed $535,000 Ats Title Agency Inc
Deed -- None Available
Deed $217,500 --
Deed $188,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $630,000 Credit Line Revolving
Closed $670,500 New Conventional
Previous Owner $475,000 New Conventional
Previous Owner $147,579 New Conventional
Previous Owner $154,000 New Conventional
Previous Owner $174,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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% --
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
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

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Map

Source: Garden State MLS

MLS Number: 3692589

Garden State MLS

APN: 08-00020-05-00092