NOT LISTED FOR SALE

8 Drake St Bound Brook, NJ 08805

Estimated Value: $502,000 - $660,000

-- Bed
-- Bath
-- Sq Ft
2,614 Sq Ft Lot

Last Sold August 19, 2022

Last sale price $499,000

Est. 14% increase in value since last sale

Current estimated payment $3,778/month

36 Days on Market

About This Home

As of August 2022

This home is located at 8 Drake St, Bound Brook, NJ 08805 since 18 June 2022 and is currently estimated at $570,424. 8 Drake St is a home located in Somerset County with nearby schools including LaMonte Annex Elementary School, Lafayette Elementary School, and Bound Brook High School.

Last Agent to Sell the Property

LINDA THELL

QUEENSTON REALTY Brokerage Phone: 973-921-1111 Listed on: 06/18/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,180

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,180

Lot Details

0

Listing Details

  • County Name: Somerset
  • I D: 5158272
  • Attribution Contact: 973-921-1111
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 37X74
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2022
Closed on
Aug 11, 2022
Sold by
Durborow Raymond J
Bought by
Koniarellis Demetrios H
Seller's Agent
LINDA THELL
QUEENSTON REALTY
List Price
$499,000
Sold Price
$499,000
Current Estimated Value
$570,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,424
Avg. Annual Appreciation
4.19%
Original Mortgage
$374,250
Outstanding Balance
$357,196
Interest Rate
5.3%
Mortgage Type
FHA
Estimated Equity
$213,228

Purchase Details

Listed on
May 15, 2015
Closed on
May 12, 2015
Sold by
Maurer Paul and Maurer Denise
Bought by
Durborow Raymond J
Seller's Agent
Christina Duncan
EXP REALTY, LLC
Buyer's Agent
Anthony Mozelesky
RE/MAX PREFERRED PROFESSIONALS
Sold Price
$190,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.20%
Original Mortgage
$142,500
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2002
Sold by
Nj Affordable
Bought by
Maurer Paul and Maurer Denise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,900
Interest Rate
7.05%

Purchase Details

Closed on
Jul 2, 1998
Sold by
Potts Joan
Bought by
Nj Affordable Homes
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Koniarellis Demetrios H $499,000 --
Koniarellis Demetrios H $499,000 None Listed On Document
Durborow Raymond J $190,000 Multiple
Maurer Paul $179,900 --
Nj Affordable Homes $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koniarellis Demetrios H $374,250
Closed Koniarellis Demetrios H $374,250
Previous Owner Durborow Raymond J $142,500
Previous Owner Maurer Paul $161,900
Closed Nj Affordable Homes $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/19/2022 08/19/22 Sold $499,000 0.0% --
07/26/2022 07/26/22 Pending -- -- --
06/19/2022 06/19/22 For Sale $499,000 +162.6% --
05/15/2015 05/15/15 Sold $190,000 -- -- View Prior Sale
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 $9,180 $455,200 $172,400 $282,800
2024 $9,180 $404,600 $152,400 $252,200
2023 $8,809 $373,600 $127,400 $246,200
2022 $7,643 $307,200 $102,400 $204,800
2021 $6,532 $259,500 $72,400 $187,100
2020 $6,847 $221,800 $52,400 $169,400
2019 $6,532 $201,800 $32,400 $169,400
2018 $5,561 $166,800 $32,400 $134,400
2017 $5,550 $162,700 $32,400 $130,300
2016 $5,892 $174,000 $12,400 $161,600
2015 $6,271 $189,400 $12,400 $177,000
2014 $6,493 $189,400 $12,400 $177,000
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2022

    LINDA THELL

    QUEENSTON REALTY

  • Christina Duncan

    Seller's Agent in 2015

    Christina Duncan

    EXP REALTY, LLC

    (908) 766-0085

    5 in this area

    225 Total Sales

    Christina Duncan
    Section Image
  • Anthony Mozelesky

    Buyer's Agent in 2015

    Anthony Mozelesky

    RE/MAX

    (908) 432-6392

    6 Total Sales

    Anthony Mozelesky
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3790187

Garden State MLS

APN: 04-00007-0000-00033

New Jersey Somerset County Bound Brook 08805

8 Drake St, Bound Brook, NJ

Not Listed for Sale

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