NOT LISTED FOR SALE

78 Homestead Ln Lincoln Park, NJ 07035

Estimated Value: $454,000 - $478,000

2 Beds
2 Baths
1,404 Sq Ft
$260/mo HOA Fee

Last Sold June 12, 2020

Last sale price $327,500 $233 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $3,409/month

34 Days on Market

Highlights

  • Deck
  • Wooded Lot
  • Loft
  • Lincoln Park Middle School Rated A-
  • Main Floor Bedroom
  • Thermal Windows

About This Home

As of June 2020

updated 2 bedroom, 2 full baths, new kitchen, new bathroom remodeled, hardwood floors, wood burning fireplace newer appliances, storage area, this is a unit with a loft, outside deck, all shopping, restaurants & public transportation all close by. this unit is also available for $2900 starting in june

Last Agent to Sell the Property

LOUIS FARINA

SIGNATURE HOMES & ESTATES INC Listed on: 04/11/2020

Last Buyer's Agent

ELIZABETH NOVELLO

PROMINENT PROPERTIES SIR

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,589

Year Built

  • Built in 1985

Lot Details

  • Property fronts a private road
  • Wooded Lot

HOA Fees

  • $260 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Aluminum Siding

Interior Spaces

  • Wood Burning Fireplace
  • Thermal Windows
  • Entrance Foyer
  • Loft
  • Storage Room

Kitchen

  • Breakfast Bar
  • Gas Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Home Security

Outdoor Features

  • Deck

Schools

  • Lincoln Pk Elementary School
  • Boonton Middle School
  • Boonton High School

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2316-00046-0008-00056-0000-
  • Tax Block *

Community Details

Overview

  • Association fees include maintenance-common area, maintenance-exterior, snow removal, trash collection

Security

  • Storm Windows
  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,589

Year Built

Built in 1985

Lot Details

0

HOA Fees

$260 per month

Listing Details

  • Style: Multi Floor Unit, Townhouse-End Unit
  • Primary Style: Multi Floor Unit
  • Subproperty Type: Condo/Coop/Townhouse
  • Community Living: Yes
  • Year Built: 1985
  • Year Built Description: Approximate
  • County Name: Morris
  • Street Number Display: 78
  • Directions: route 202 to homestead lane # 78 or take harvest to units 118 right accross
  • I D: 4975530
  • Modified: 2021-09-23
  • Number Images: 16
  • First Name: LOUIS
  • First Name3: ELIZABETH
  • First Name4: CAROLINE
  • Last Name: FARINA
  • Last Name3: NOVELLO
  • Last Name4: GOSSELIN
  • Office Phone3: 973-376-8188
  • Office Phone4: 973-376-8188
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Fireplace Description: Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector, CookGas, Dishwasher, Range/Oven-Gas, Refrigerator
  • Number Rooms: 7
  • Bedrooms: 2
  • Bedroom 1 Level: First
  • Bedroom 2 Level: First
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Dining Room Level: First
  • Kitchen Area: Breakfast Bar, Separate Dining Area
  • Kitchen Level: First
  • Living Room Level: First
  • Other Room 1: Laundry Room
  • Other Room 2: Loft
  • Other Room 4: Loft
  • Level 1 Rooms: 2 Bedrooms, Bath Main, Bath(s) Other, Kitchen, LivDinRm, Storage Room
  • Level 2 Rooms: Loft
  • Ground Level Rooms: Foyer
  • Phone: 973-283-8800

Exterior Features

  • Exterior Description: Aluminum Siding
  • Exterior Features: Curbs, Deck, Storm Window(s), Thermal Windows/Doors
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Parking Driveway Description: Blacktop, Parking Lot-Exclusive

Utilities

  • Cooling: Central Air
  • Fuel Type: Gas-Natural
  • Heating: Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Gas-Natural
  • Water: Public Water
  • Water Heater: From Furnace, Gas

Condo/Co-op/Association

  • Association Maintenance Fee: 260
  • Association Maintenance Fee Frequency: Monthly
  • Association Maintenance Fee Includes: Maintenance-Common Area, Maintenance-Exterior, Snow Removal, Trash Collection

Schools

  • Elementary School: Lincoln PK
  • Middle School: Boonton
  • High School: Boonton
  • High School: Boonton
  • Middle Jr High School: Boonton

Lot Info

  • Lot Size: 0.1262 AC
  • Assessed Improvement Value: 134400
  • Assessed Land Value: 140000
  • Assessment: 274400
  • Easement: Unknown
  • Lot Description: Private Road, Wooded Lot
  • Lot Identifier: 56
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.13

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 7589
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2316-00046-0008-00056-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.766
  • Tax Rate Tax: *
  • Tax Rate Year: 2019
  • Tax Year Tax: *
  • Tax Year: 2019

MLS Schools

  • Grade School: Lincoln PK

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2020
Closed on
Jun 2, 2020
Sold by
Mancini Robert Renato
Bought by
Wills James Rudolph and Wills Ashley Gisell
Seller's Agent
LOUIS FARINA
SIGNATURE HOMES & ESTATES INC
Buyer's Agent
ELIZABETH NOVELLO
PROMINENT PROPERTIES SIR
List Price
$342,500
Sold Price
$327,500
Premium/Discount to List
-$15,000
-4.38%
Current Estimated Value
$463,410

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,910
Avg. Annual Appreciation
6.61%
Original Mortgage
$308,750
Outstanding Balance
$274,287
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$183,959

Purchase Details

Listed on
Aug 25, 2016
Closed on
Feb 14, 2017
Sold by
Wu Ling
Bought by
Mancini Robert Renato
Seller's Agent
DANIEL CHOU
NEW CENTURIA ASSOCIATES INC
Buyer's Agent
SUSAN SANTOS MURPHY
COLDWELL BANKER REALTY
List Price
$280,000
Sold Price
$260,000
Premium/Discount to List
-$20,000
-7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.31%
Original Mortgage
$250,000
Interest Rate
4.12%
Mortgage Type
VA

Purchase Details

Closed on
Jul 8, 2005
Sold by
Elsner Margaret
Bought by
Wu Ling

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
5.67%

Purchase Details

Closed on
Jun 17, 1997
Sold by
Elsner Robert C and Elsner Margaret
Bought by
Elsner Margaret
Source: Public Records

Range of Values:

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Average Value
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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
Wills James Rudolph $327,500 Two Rivers Title Company Llc
Mancini Robert Renato $260,000 None Available
Wu Ling $345,000 --
Elsner Margaret -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wills James R $75,000
Open Wills James Rudolph $308,750
Previous Owner Mancini Robert Renato $250,000
Previous Owner Wu Ling $245,000
Previous Owner Elsner Margaret $158,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2020 06/12/20 Sold $327,500 -4.4% $233 / Sq Ft
05/15/2020 05/15/20 Pending -- -- --
04/11/2020 04/11/20 For Sale $342,500 +31.7% $244 / Sq Ft
03/07/2017 03/07/17 Sold $260,000 -7.1% $185 / Sq Ft
10/02/2016 10/02/16 Pending -- -- --
08/25/2016 08/25/16 For Sale $280,000 -- $199 / Sq Ft
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 $8,159 $390,500 $165,000 $225,500
2024 $8,355 $378,100 $155,000 $223,100
2023 $8,355 $274,400 $140,000 $134,400
2022 $7,897 $274,400 $140,000 $134,400
2021 $7,897 $274,400 $140,000 $134,400
2020 $0 $274,400 $140,000 $134,400
2019 $7,379 $274,400 $140,000 $134,400
2018 $7,200 $274,400 $140,000 $134,400
2017 $7,198 $274,400 $140,000 $134,400
2016 $7,107 $274,400 $140,000 $134,400
2015 $7,008 $274,400 $140,000 $134,400
2014 $6,857 $274,400 $140,000 $134,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3627569

Garden State MLS

APN: 16-00046-8-00056