$1,658,000
SOLD MAY 9, 2025

8 Oratam Dr Peapack, NJ 07977

4 Beds
5 Baths
-- Sq Ft
2.56 Acres

Recently Sold

8% Above List Price

15 Days on Market

About This Home

As of May 2025

This home is located at 8 Oratam Dr, Peapack, NJ 07977 and is currently priced at $1,658,000. This property was built in 1944. 8 Oratam Dr is a home with nearby schools including Bedwell Elementary School, Bernardsville Middle School, and Bernards High School.

Last Agent to Sell the Property

Michele Hill

TURPIN REAL ESTATE, INC. Brokerage Phone: 908-234-9100 Listed on: 03/26/2025

Last Buyer's Agent

SUSAN PENNEY PARSELLS

PROMINENT PROPERTIES SIR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,831

Year Built

  • Built in 1944

Lot Details

  • 2.56 Acre Lot

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,831

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Year Built: 1944
  • County Name: Somerset
  • Street Number Display: 8
  • I D: 5344664
  • Modified: 2025-05-09
  • Number Images: 1
  • Attribution Contact: 908-234-9100
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Bathrooms: 4.10

Lot Info

  • Lot Size: 2.56
  • Total Acres: 2.56

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2025
Closed on
May 7, 2025
Sold by
Marusa Stephen and Marusa Jennifer
Bought by
Vaccaro Joseph and Vaccaro Jill
Seller's Agent
Michele Hill
TURPIN REAL ESTATE, INC.
Buyer's Agent
SUSAN PENNEY PARSELLS
PROMINENT PROPERTIES SIR
List Price
$1,538,000
Sold Price
$1,658,000
Premium/Discount to List
$120,000
7.8%
Views
29
Current Estimated Value
$1,621,135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$36,865
Avg. Annual Appreciation
-5.60%
Original Mortgage
$807,000
Outstanding Balance
$803,762
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$817,373

Purchase Details

Closed on
Feb 8, 2019
Sold by
Kolacki Sandra M and Estate Of Paul W Kolacki
Bought by
Kolacki Sandra

Purchase Details

Closed on
Dec 7, 2017
Sold by
Mcgrath Daniel P and Mcgrath Theresa A
Bought by
Marusa Stephen and Marusa Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$790,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 14, 2008
Sold by
Reiner Bessie Ellen and Wilson Carol
Bought by
Mcgrath Daniel P and Mcgrath Theresa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$729,750
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 15, 2003
Sold by
Starycki Theodore
Bought by
Kolacki Paul W and Kolacki Sandra M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$761,200
Interest Rate
5.52%
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
Bargain Sale Deed $1,658,000 Prestige Title
Bargain Sale Deed $1,658,000 Prestige Title
Interfamily Deed Transfer -- None Available
Deed $990,000 None Available
Deed $959,000 None Available
Deed $1,087,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $807,000 New Conventional
Closed $807,000 New Conventional
Previous Owner $790,000 New Conventional
Previous Owner $729,750 Purchase Money Mortgage
Previous Owner $761,200 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2025 05/09/25 Sold $1,658,000 +7.8% --
04/17/2025 04/17/25 Pending -- -- --
04/02/2025 04/02/25 For Sale $1,538,000 -- --
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 $17,831 $1,178,600 $410,400 $768,200
2024 $17,831 $1,044,600 $375,300 $669,300
2023 $17,447 $981,800 $350,700 $631,100
2022 $17,387 $946,000 $334,000 $612,000
2021 $17,149 $915,600 $318,000 $597,600
2020 $17,067 $908,300 $311,800 $596,500
2019 $17,140 $916,600 $311,800 $604,800
2018 $16,900 $899,900 $305,700 $594,200
2017 $16,353 $859,800 $275,400 $584,400
2016 $16,394 $854,300 $275,400 $578,900
2015 $15,982 $848,300 $275,400 $572,900
2014 $15,721 $827,400 $275,400 $552,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2025

    Michele Hill

    TURPIN REAL ESTATE, INC.

    (908) 313-6542

    15 in this area

    75 Total Sales

    Michele Hill
    Section Image

  • S

    Buyer's Agent in 2025

    SUSAN PENNEY PARSELLS

    PROMINENT PROPERTIES SIR

See All Agents

Map

Source: Garden State MLS

MLS Number: 3953199

Garden State MLS

APN: 15-00028-0000-00020

New Jersey Somerset County Peapack 07931

8 Oratam Dr, Peapack, NJ

This home is located at 8 Oratam Dr, Peapack, NJ 07977 and is currently priced at $1,658,000. This property was built in 1944. 8 Oratam Dr is a home with nearby schools including Bedwell Elementary School, Bernardsville Middle School, and Bernards High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes