NOT LISTED FOR SALE

724 Route 518 Skillman, NJ 08558

Estimated Value: $1,217,000 - $1,806,000

5 Beds
5 Baths
4,430 Sq Ft
$335/Sq Ft Est. Value

Last Sold November 23, 2016

Last sale price $1,000,000 $226 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $10,114/month

About This Home

As of November 2016

Major Price Reduction which is one the best values in Montgomery Twp. This brand new stunning 4430 SQ.FT Custom built Estate home, with a 1688 sq. ft. family room on the lower level. This luxury home sits on an 8.5 acre park like wooded lot tucked away on a prestigious private lane. This home is south facing and features, 5 bedrooms, 4 1/2 baths. Walk into an Impressive 2 story Gallery that is awash with natural light coming from a row of clerestory windows. The first floor features large living room, formal dining room and a very spacious library or office. The kitchen is a gourmet's delight with white and dark wood custom cabinets, a large island, top of the line appliances, granite counter tops and separate bar and eating areas. Adjacent to the kitchen is Great Room with 18 ft cathedral ceilings a custom made tear drop fire place surrounded by a fieldstone wall. Walk out of the great room onto a wrap around wooden deck overlooking acres of first growth forest. Home has 2 separate stairways including a custom built spiral staircase that provides access to all three floors. The second floor has a large master bedroom with a walk in closet and dressing area. The master bath has natural slate tile and flooring, and a large walk in shower, custom 2 sink vanity and soaking tub. There is a separate wing with 3 bedrooms served by 2 full baths and a 4th bedroom with an ensuite full bath. The spacious laundry room completes the 2nd floor. The lower level family room is completely finished and has separate rooms that can be used for home theater, play room or an exercise area. Solid Maple Hardwood floors throughout the home. The home has 2 separate heating and AC systems with 4 zones. The home has Anderson windows, Hardie Plank siding and a beautifully landscaped lot. Spectacular views from all sides of the home. All rooms are prewired for speakers and cable. Located just minutes from Princeton and part of the award winning Montgomery township schools.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2015
Closed on
Nov 18, 2016
Sold by
518 Skillman Llc
Bought by
Patel Shohil and Patel Mukti
Seller's Agent
Joseph Plotnick
Weichert Realtors - Princeton
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$1,099,000
Sold Price
$1,000,000
Premium/Discount to List
-$99,000
-9.01%
Current Estimated Value
$1,482,744

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$482,744
Avg. Annual Appreciation
4.55%
Original Mortgage
$625,500
Outstanding Balance
$505,080
Interest Rate
3.52%
Mortgage Type
New Conventional
Estimated Equity
$977,664

Purchase Details

Closed on
Jul 10, 2014
Sold by
Derochi Steven and Derochi Loretta
Bought by
518 Skillman Llc
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
Patel Shohil $1,000,000 Trident Abstract Title Agenc
518 Skillman Llc $200,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Shohil $625,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2016 11/23/16 Sold $1,000,000 -4.7% $226 / Sq Ft
10/04/2016 10/04/16 Pending -- -- --
08/11/2016 08/11/16 Price Changed $1,049,000 -4.5% $237 / Sq Ft
07/12/2016 07/12/16 For Sale $1,099,000 0.0% $248 / Sq Ft
07/08/2016 07/08/16 Pending -- -- --
06/16/2016 06/16/16 Price Changed $1,099,000 -8.3% $248 / Sq Ft
04/18/2016 04/18/16 Price Changed $1,199,000 -14.3% $271 / Sq Ft
12/21/2015 12/21/15 For Sale $1,399,000 -- $316 / Sq Ft

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 $27,037 $788,700 $250,000 $538,700
2024 $27,037 $788,700 $250,000 $538,700
2023 $26,997 $788,700 $250,000 $538,700
2022 $25,420 $788,700 $250,000 $538,700
2021 $25,199 $788,700 $250,000 $538,700
2020 $24,986 $788,700 $250,000 $538,700
2019 $24,813 $788,700 $250,000 $538,700
2018 $24,229 $788,700 $250,000 $538,700
2017 $7,563 $250,000 $250,000 $0
2016 $7,430 $250,000 $250,000 $0
2015 $7,265 $250,000 $250,000 $0
Source: Public Records

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