$605,000
SOLD JAN 23, 2025

74 Gate House Ln Unit 74 Edison, NJ 08820

2 Beds
2.5 Baths
1,486 Sq Ft
1,694 Sq Ft Lot

Recently Sold

$407 Per Sq Ft

3% Above List Price

29 Days on Market

Highlights

  • Property is near public transit
  • Private Lot
  • 2 Fireplaces
  • Woodbrook Elementary School Rated A
  • Traditional Architecture
  • Eat-In Kitchen

About This Home

As of January 2025

PARK GATE TOWNHOUSE-GATED COMMUNITY-NORTH EDISON SCHOOLS - Here's a townhouse in a prime location, close to the NYC commuter train, where you'll enjoy 1486 square feet of clean, move-in ready living space, including an updated eat-in kitchen, open living and dining rooms and double doors to a lovely patio and lawn for outdoor fun. Upstairs, you'll find two bedrooms, two full baths, and a walk-in closet large enough for everything! Recent upgrades include HVAC, a water heater, all energy-efficient windows, patio doors, a whole-house water softener, a dishwasher, a washer, and a dryer. Park Gate is a picturesque, welcoming community with lovely landscaping, sidewalks, an outdoor pool, tennis courts, and playground. This home is move-in-ready, easy to show, and a quick move-in is OK!

Last Agent to Sell the Property

Mary Churchill

COLDWELL BANKER REALTY Listed on: 11/20/2024

COLDWELL BANKER REALTY

Co-Listed By

Barry Lasner

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,687

Year Built

  • Built in 1983

Lot Details

  • Property fronts a private road

Parking

  • 2 Car Garage
  • Driveway
  • Open Parking

Home Design

  • Traditional Architecture
  • Asphalt Roof

Interior Spaces

  • 1,486 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Entrance Foyer
  • Combination Dining and Living Room
  • Washer

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Dishwasher

Flooring

  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms

Location

  • Property is near public transit
  • Property is near shops

Utilities

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

Community Details

Overview

  • Association fees include amenities-some, common area maintenance, maintenance structure, ground maintenance
  • Park Gate Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Maintenance Expense $391

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,687

Year Built

Built in 1983

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Condo/TH
  • Prop. Type: Residential
  • Lot Size Acres: 0.0389
  • Road Frontage Type: Private Road
  • Co List Office Mls Id: CBRB01
  • Ownership: Condominium
  • Subdivision Name: Park Gate
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built: 1983
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Dining Room Features: Living Dining Combo
  • Room Kitchen Features: Eat-in Kitchen, Pantry
  • Appliances: Dishwasher, Gas Range/Oven, Refrigerator, Washer, Gas Water Heater
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Vinyl-Linoleum
  • Interior Amenities: Dining Room, Bath Half, Entrance Foyer, Kitchen, Living Room, 2 Bedrooms, Bath Main, Bath Second, None
  • Living Area: 1486
  • Stories: 2

Exterior Features

  • Lot Features: Near Shopping, Near Train, Private
  • Roof: Asphalt

Garage/Parking

  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Driveway

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: Amenities-Some, Common Area Maintenance, Maintenance Structure, Maintenance Grounds

Lot Info

  • Lot Size Sq Ft: 1696
  • Zoning: RBBT

Multi Family

  • Maintenance Expense: 391

Tax Info

  • Tax Annual Amount: 10687
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2021
Closed on
Nov 3, 2021
Sold by
Wang Shubing and He Dongjie
Bought by
Vijayaraghavan Raghuram and Raghuram Aarthi
Seller's Agent
Jiali Diane Chen
COLDWELL BANKER REALTY
List Price
$438,500
Sold Price
$438,500
Current Estimated Value
$595,968

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,468
Avg. Annual Appreciation
8.12%
Original Mortgage
$350,800
Outstanding Balance
$321,715
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$274,253

Purchase Details

Closed on
Sep 18, 2009
Sold by
Cooper Burke Carol and Burke Lawrence T
Bought by
He Dongjie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,800
Interest Rate
5.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 23, 2004
Sold by
Dietrich Edwin
Bought by
Cooper Carol

Purchase Details

Closed on
Jan 31, 2000
Sold by
Carr Charles
Bought by
Dietrich Edwin and Dietrich Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
7.98%

Purchase Details

Closed on
Aug 2, 1996
Sold by
Cooper Peter
Bought by
Carr Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
8.24%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Deed $438,500 Providence Abstract Llc
Bargain Sale Deed $331,000 First American Title Ins Co
Deed $330,000 --
Deed $216,500 --
Deed $182,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $350,800 New Conventional
Previous Owner $264,800 New Conventional
Previous Owner $184,000 No Value Available
Previous Owner $164,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/23/2025 01/23/25 Sold $605,000 +3.4% $407 / Sq Ft
11/20/2024 11/20/24 For Sale $585,000 +33.4% $394 / Sq Ft
11/10/2021 11/10/21 Sold $438,500 0.0% $295 / Sq Ft View Prior Sale
10/11/2021 10/11/21 Pending -- -- --
09/29/2021 09/29/21 For Sale $438,500 -- $295 / 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
2025 $10,745 $180,500 $70,000 $110,500
2024 $10,687 $180,500 $70,000 $110,500
2023 $10,687 $180,500 $70,000 $110,500
2022 $10,691 $180,500 $70,000 $110,500
2021 $10,258 $180,500 $70,000 $110,500
2020 $10,557 $180,500 $70,000 $110,500
2019 $9,761 $180,500 $70,000 $110,500
2018 $9,913 $180,500 $70,000 $110,500
2017 $9,298 $180,500 $70,000 $110,500
2016 $9,126 $180,500 $70,000 $110,500
2015 $8,780 $180,500 $70,000 $110,500
2014 $8,530 $180,500 $70,000 $110,500
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: All Jersey MLS

MLS Number: 2560431M

All Jersey MLS

APN: 05-00593-0000-00052-0000-C0074