NOT LISTED FOR SALE

8 Olcott Ln Bernardsville, NJ 07924

Estimated Value: $683,025 - $768,000

3 Beds
1.5 Baths
-- Sq Ft
0.5 Acres

Last Sold July 25, 2022

Last sale price $595,000

Est. 21% increase in value since last sale

Current estimated payment $4,617/month

12 Days on Market

Highlights

  • Ranch Style House
  • Wood Flooring
  • Home Office
  • Bernardsville Middle School Rated A
  • L-Shaped Dining Room
  • 2 Car Attached Garage

About This Home

As of July 2022

Gorgeous, spacious, updated 3 Bedroom and 1.5 Bathroom Ranch on 1/2 acre in a desirable neighborhood and convenient location. Great floor plan and lots of natural light. Living room with fireplace and beautiful mantel. Eat in kitchen offers granite counter tops, beautiful backsplash, newer appliances, Travertine floors and window overlooking private and level backyard. Private office leads to an outdoor patio with private door. Master bedroom has his and hers closets. Updated bathrooms. Recessed lighting throughout. Hardwood floors. Amazing location just across from Somerset Hills Country Club. Close to schools, shops, dining and a movie theater. Commuter's delight with easy highway access and nearby NYC Midtown Direct trains. Bernardsville is a great town with top notch school district.

Last Agent to Sell the Property

ALMA AGUAYO

WEICHERT REALTORS Listed on: 06/08/2022

Co-Listed By

IRINA BAGMUT

WEICHERT REALTORS

Last Buyer's Agent

SUSAN PENNEY PARSELLS

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,710

Year Built

  • Built in 1960

Lot Details

  • 0.5 Acre Lot
  • Level Lot
  • Open Lot

Parking

  • 2 Car Attached Garage
  • Additional Parking

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Wood Shingle Roof
  • Tile

Interior Spaces

  • Wood Burning Fireplace
  • Family Room
  • Living Room with Fireplace
  • L-Shaped Dining Room
  • Formal Dining Room
  • Home Office
  • Finished Basement
  • Walk-Out Basement
  • Storm Windows
  • Laundry Room

Kitchen

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

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Powder Room

Outdoor Features

  • Patio

Schools

  • Bedwell Elementary School
  • Bernardsvillems Middle School
  • Bernards High School

Utilities

  • Central Air
  • One Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Assessor Parcel Number 2703-00031-0000-00006-0000-

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,710

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Style: Ranch
  • Primary Style: Ranch
  • Subproperty Type: Single Family
  • Year Built: 1960
  • Year Built Description: Approximate
  • County Name: Somerset
  • Directions: Rt. 202 to Claremont, Left on Olcott Lane, house on the right
  • I D: 5157033
  • First Name: ALMA
  • First Name2: IRINA
  • First Name3: SUSAN
  • Last Name: AGUAYO
  • Last Name2: BAGMUT
  • Last Name3: PENNEY PARSELLS
  • Office Phone: 908-766-7500
  • Office Phone3: 973-376-8818
  • Attribution Contact: null
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2015

Interior Features

  • Flooring: Carpeting, Tile, Wood
  • Fireplace Description: Living Room, Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Dishwasher, Microwave Oven, Range/Oven-Gas, Refrigerator
  • Bedrooms: 3
  • Master Bedroom Desc: 1st Floor
  • Bedroom 1 Level: First
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished, Walkout
  • Basement Level Rooms: Family Room, Laundry Room, Powder Room
  • Dining Room Level: First
  • Dining Area: Dining L
  • Family Room Level: Basement
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Dim: 11x10
  • Kitchen Level: First
  • Living Room Dim: 18x13
  • Living Room Level: First
  • Other Room 1: Office
  • Other Room1 Dim: 11x10
  • Other Room1 Level: First
  • Other Room 2: Foyer
  • Level 1 Rooms: 3 Bedrooms, Bath Main, Dining Room, Kitchen, Living Room, Office
  • Phone: 908-766-7500

Exterior Features

  • Exterior Description: Brick, Wood Shingle
  • Exterior Features: Patio, Storm Window(s)
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 2
  • Parking Driveway Description: 1 Car Width, Additional Parking

Utilities

  • Cooling: 1 Unit, Central Air
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Baseboard - Hotwater
  • Sewer: Public Sewer
  • Utilities: Gas-Natural
  • Water: Public Water

Schools

  • High School: Bernards HS
  • Middle Jr High School: BernardsvilleMS

Lot Info

  • Lot Size: 0.50 AC
  • Easement: Unknown
  • Lot Description: Level Lot, Open Lot
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.50

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 8710
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2703-00031-0000-00006-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 2.098
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2021

MLS Schools

  • Grade School: Bedwell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2022
Closed on
Jul 26, 2022
Sold by
Balian and Suzanne
Bought by
Putman James R and Putman Susan J
Seller's Agent
ALMA AGUAYO
WEICHERT REALTORS
Buyer's Agent
SUSAN PENNEY PARSELLS
PROMINENT PROPERTIES SIR
List Price
$599,000
Sold Price
$595,000
Premium/Discount to List
-$4,000
-0.67%
Current Estimated Value
$719,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,506
Avg. Annual Appreciation
5.82%
Original Mortgage
$476,000
Outstanding Balance
$454,048
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$265,458

Purchase Details

Listed on
Jul 17, 2013
Closed on
Jul 9, 2013
Sold by
Sassi Maria A
Bought by
Balian Alexander
Seller's Agent
MARY M KOSTECKI
PLATINUM REALTY SERVICES
Buyer's Agent
ALMA AGUAYO
WEICHERT REALTORS
Sold Price
$410,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.21%
Original Mortgage
$328,000
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 28, 1993
Sold by
Fahey Eleanor
Bought by
Sassi Horace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,000
Interest Rate
6.86%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Putman James R $595,000 Old Republic Title
Putman James R $595,000 Old Republic Title
Balian Alexander $410,000 None Available
Sassi Horace $98,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Putman James R $476,000
Closed Putman James R $476,000
Previous Owner Balian Alexander $328,000
Previous Owner Sassi Horace $87,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/25/2022 07/25/22 Sold $595,000 -0.7% --
06/20/2022 06/20/22 Pending -- -- --
06/08/2022 06/08/22 For Sale $599,000 +46.1% --
07/17/2013 07/17/13 Sold $410,000 -- -- 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 $10,111 $571,200 $300,600 $270,600
2024 $10,111 $517,200 $275,800 $241,400
2023 $10,162 $505,800 $260,100 $245,700
2022 $8,818 $428,900 $250,100 $178,800
2021 $8,847 $421,700 $250,100 $171,600
2020 $8,711 $414,000 $250,100 $163,900
2019 $8,651 $424,500 $259,100 $165,400
2018 $8,348 $419,300 $259,100 $160,200
2017 $8,034 $416,900 $250,100 $166,800
2016 $7,810 $416,300 $250,100 $166,200
2015 $7,576 $412,400 $250,100 $162,300
2014 $7,334 $401,000 $250,100 $150,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3787768

Garden State MLS

APN: 03-00031-0000-00006