Seller's Agent in 2021
Aryana Oveissi
CHRISTIES INTERNATIONAL RE GRP
(908) 400-1188
2 in this area
90 Total Sales
8 Five Acre Dr Edison, NJ 08820
Estimated Value: $1,445,892 - $1,750,000
6
Beds
4.5
Baths
4,638
Sq Ft
$347/Sq Ft
Est. Value
Highlights
- On Golf Course
- In Ground Pool
- 1 Acre Lot
- Martin Luther King Elementary School Rated A
- Custom Home
- Marble Flooring
About This Home
As of July 2021Elegance, Prominence, and Luxury in Edison's premier zip code, Welcome to 8 Five Acre Drive! This highbrow private street is home to just a handful of estates located on Edison's prestigious North side bordering the famous Plainfield Country Club. Tucked at the end of a col-da-sac sits a wonderfully maintained center hall colonial exuding both a character and charm that only a home of this age can posses. A long paver driveway adorned with a water feature and Belgium block cuts through an acre of uber private property. An entertainer's paradise, this property features a beautiful in ground pool surrounded by lush landscaping that creates the feeling of a rural oasis less than an hour from Midtown Manhattan. The exterior of the home offers a gorgeous brick facade with a natural patina that lends to its almost 100 year history. A wrought iron balcony and slate roof round off the romanticism of the early construction and set this home apart from anything else in the neighborhood. With almost 5,000 square feet of living space inside, this captivating home offers a floor plan as unique as its stunning facade. Formality with a nod to modern needs, this home offers the perfect blend of everyday living and somewhere to host in style when guests are coming to stay or just for the evening. In today's modern climate, the features of this house make it an ideal home sanctuary with a staycation'' feel - it boasts a formal office, a home gym with oversized jacuzzi, six generously sized bedrooms including an first floor suite or aupair's quarters on the main floor, a sun filled family room and a finished basement. The icing on the cake is this home's central proximity to NJ's major thoroughfares, Amtrak and NJ Transit (less than 25 miles from NY Penn), and its nationally recognized school systems making it the perfect new place for someone to call home!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $27,204
Year Built
- Built in 1932
Lot Details
- 1 Acre Lot
- Property fronts a private road
- On Golf Course
- Cul-De-Sac
- Street terminates at a dead end
- Fenced
- Sprinkler System
- Private Yard
- Property is zoned RAA
Parking
- 2 Car Attached Garage
- Lighted Parking
- Tandem Parking
- Driveway
- Paver Block
- Additional Parking
- On-Street Parking
- Open Parking
Home Design
- Custom Home
- Colonial Architecture
- Slate Roof
Interior Spaces
- 4,638 Sq Ft Home
- 2-Story Property
- Sound System
- Ceiling Fan
- Skylights
- 2 Fireplaces
- Gas Fireplace
- Family Room
- Living Room
- Formal Dining Room
- Library
- Utility Room
- Home Security System
- Attic
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Gas Oven or Range
- Dishwasher
- Kitchen Island
- Granite Countertops
Flooring
- Wood
- Carpet
- Marble
Bedrooms and Bathrooms
- 6 Bedrooms
- Primary Bathroom is a Full Bathroom
- Dual Sinks
- Walk-in Shower
Laundry
- Dryer
- Washer
Basement
- Partial Basement
- Recreation or Family Area in Basement
- Basement Storage
Pool
- In Ground Pool
- Spa
Outdoor Features
- Patio
- Shed
Utilities
- Forced Air Zoned Heating and Cooling System
- Cooling System Mounted In Outer Wall Opening
- Vented Exhaust Fan
- Hot Water Baseboard Heater
- Underground Utilities
- Gas Water Heater
Community Details
- North Edison Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 15, 2021
Closed on
Jul 20, 2021
Sold by
Iyer Shankar and Iyer Preeti
Bought by
Noor Kashif and Noor Samar
Seller's Agent
Aryana Oveissi
CHRISTIES INTERNATIONAL RE GRP
List Price
$1,075,000
Sold Price
$1,075,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$535,964
Avg. Annual Appreciation
9.45%
Original Mortgage
$350,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 5, 2003
Sold by
Mccormack Michael K
Bought by
Iyer Shankar and Iyer Preeti
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Noor Kashif | $1,075,000 | Westcor Land Title Ins Co | |
| Iyer Shankar | $783,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Noor Kashif | $350,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/21/2021 07/21/21 | Sold | $1,075,000 | 0.0% | $232 / Sq Ft |
| 06/21/2021 06/21/21 | Pending | -- | -- | -- |
| 05/15/2021 05/15/21 | For Sale | $1,075,000 | -- | $232 / Sq Ft |
Source: All Jersey MLS
Tax History Compared to Growth
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 | $29,110 | $489,000 | $175,000 | $314,000 |
| 2024 | $28,954 | $489,000 | $175,000 | $314,000 |
| 2023 | $28,954 | $489,000 | $175,000 | $314,000 |
| 2022 | $27,548 | $465,100 | $175,000 | $290,100 |
| 2021 | $26,432 | $465,100 | $175,000 | $290,100 |
| 2020 | $27,204 | $465,100 | $175,000 | $290,100 |
| 2019 | $25,153 | $465,100 | $175,000 | $290,100 |
| 2018 | $25,543 | $465,100 | $175,000 | $290,100 |
| 2017 | $25,004 | $465,100 | $175,000 | $290,100 |
| 2016 | $23,515 | $465,100 | $175,000 | $290,100 |
| 2015 | $22,622 | $465,100 | $175,000 | $290,100 |
| 2014 | $21,981 | $465,100 | $175,000 | $290,100 |
Source: Public Records
Agents Affiliated with this Home
-
Aryana Oveissi
Map
Source: All Jersey MLS
MLS Number: 2117174R
APN: 05-00415-0000-00054
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