NOT LISTED FOR SALE

81 Dorchester Way Shrewsbury, NJ 07702

Estimated Value: $1,237,000 - $1,329,000

4 Beds
3.5 Baths
2,938 Sq Ft
$436/Sq Ft Est. Value

Last Sold October 27, 2023

Last sale price $1,200,000 $408 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $8,655/month

18 Days on Market

Highlights

  • Bay View
  • 0.57 Acre Lot
  • Colonial Architecture
  • Shrewsbury Elementary School Rated A-
  • New Kitchen
  • Deck

About This Home

As of October 2023

A Paddington Farms Beauty! Almost 3000 square feet of luxury will meet every family's needs. This charming home has a great layout with so many possibilities and recent updates. Sought after location with spacious private yard ideal for a future pool. Home shows beautifully with new hardwood floors, staircase and bannisters. An abundance of sunlight all day showcases all the special features. New appliances. Office or 4th bedroom has adjoining full bath. Oversized garage redesigned with new door and even includes electric car charger!

Last Agent to Sell the Property

Judy Martinelly

Brokers 3 Realtors License #7939501 Listed on: 08/19/2023

Last Buyer's Agent

Christine Visconti

EXP Realty License #1642988

EXP Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,109

Year Built

  • Built in 1987

Lot Details

  • 0.57 Acre Lot
  • Oversized Lot

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Asphalt Rolled Roof
  • Stone Siding
  • Vinyl Siding

Interior Spaces

  • 2,938 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Recessed Lighting
  • Light Fixtures
  • Wood Burning Fireplace
  • Thermal Windows
  • Blinds
  • Bay Window
  • Window Screens
  • French Doors
  • Sliding Doors
  • Family Room
  • Sunken Living Room
  • Dining Room
  • Bay Views

Kitchen

  • New Kitchen
  • Breakfast Room
  • Breakfast Bar
  • Self-Cleaning Oven
  • Gas Cooktop
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub
  • Primary Bathroom Bathtub Only

Laundry

  • Dryer
  • Washer

Attic

  • Attic Fan
  • Pull Down Stairs to Attic

Home Security

  • Home Security System
  • Storm Doors

Outdoor Features

  • Deck
  • Exterior Lighting
  • Porch

Schools

  • Shrewsbury Bor Elementary And Middle School
  • Red Bank Reg High School

Utilities

  • Zoned Heating and Cooling
  • Programmable Thermostat
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Paddington Farm Subdivision

Listing and Financial Details

  • Assessor Parcel Number 44-00069-04-00014

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,109

Year Built

Built in 1987

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Oversized
  • Inclusions: Outdoor Lighting, Washer, Window Treatments, Timer Thermostat, Blinds/Shades, Dishwasher, Dryer, Light Fixtures, Microwave, Security System, Self/Con Clean, Stove, Refrigerator, Screens, Attic Fan, Fireplace Equipment, Garbage Disposal, Garage Door Opener, Gas Cooking
  • Subdivision Name: Paddington Farm
  • Architectural Style: Colonial
  • Reso Flooring: Ceramic Tile, Wood
  • Reso Interior Features: Attic - Pull Down Stairs, Bay/Bow Window, Dec Molding, French Doors, Security System, Sliding Door, Breakfast Bar, Recessed Lighting
  • Year Built: 1987
  • General Property Info Waterview: No
  • General Property Info Fireplace: Yes
  • General Property Info Basement: No
  • General Property Info HOA: No
  • General Property Info Pool: No
  • Interior Sliding Door: Yes
  • WaterSewer Public Sewer: Yes
  • Garage Direct Entry: Yes
  • General Property Info Acreage: 0.57
  • Location Middle School: Shrewsbury BOR
  • Interior Attic - Pull Down Stairs: Yes
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • Kitchen Newer: Yes
  • Rooms Living Room: Yes
  • Included Gas Cooking: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • General Property Info # Fireplaces: 1.0
  • Interior Dec Molding: Yes
  • Interior French Doors: Yes
  • Interior Recessed Lighting: Yes
  • Living Room French Doors2: Yes
  • Exterior Porch - Open: Yes
  • Included BlindsShades: Yes
  • Included Light Fixtures: Yes
  • Exterior Thermal Window: Yes
  • Included Outdoor Lighting: Yes
  • Included Screens: Yes
  • Included Timer Thermostat: Yes
  • Included Window Treatments: Yes
  • Exterior Storm Door(s): Yes
  • Interior BayBow Window: Yes
  • Foyer Floor - Wood: Yes
  • GreatFamily Room Floor - Wood5: Yes
  • ExteriorDeck: Yes
  • Roof Timberline: Yes
  • Lot Description Oversized3: Yes
  • GreatFamily Room Fireplace - Woodburning5: Yes
  • Kitchen Breakfast Cntr: Yes
  • Included SelfCon Clean: Yes
  • Kitchen BnookDining Area: Yes
  • Kitchen Floor - Wood4: Yes
  • Included Security System2: Yes
  • Rooms Breakfast: Yes
  • Included Garbage Disposal: Yes
  • Kitchen BayBow Window4: Yes
  • Included Attic Fan: Yes
  • Living Room Sunken: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: None
  • Basement: No
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Total Bedrooms: 9
  • Stories: 2
  • Basement:None2: Yes
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Family Room: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes
  • Kitchen Pantry: Yes
  • Features Interior:Security System: Yes

Exterior Features

  • Roof: Timberline
  • Acres: 0.57
  • Topography: Level
  • Waterfront: No
  • Exterior Features: Deck, Porch - Open, Storm Door(s), Thermal Window, Lighting
  • Construction:Siding - Vinyl: Yes
  • ConstructionSiding:Stone: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Paved, Driveway, Off Street, Direct Access
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking Driveway: Yes
  • Parking:Paved: Yes
  • _pound_ AppliancesIncluded:Garage Door Opener: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: 2 Zoned AC
  • Cooling Y N: Yes
  • Heating: 2 Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Shrewsbury BOR

Lot Info

  • Lot Size Sq Ft: 24829.2
  • Parcel #: 44-00069-04-00014
  • Zoning Description: Residential, Single Family

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 16109.0

MLS Schools

  • Elementary School: Shrewsbury Bor
  • High School: Red Bank Reg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2023
Closed on
Oct 20, 2023
Sold by
Luto Ralph and Luto Kristen
Bought by
Murtha John Joseph and Murtha Rebecca Catherine
Seller's Agent
Judy Martinelly
Brokers 3 Realtors
Buyer's Agent
Christine Visconti
EXP Realty
List Price
$1,150,000
Sold Price
$1,200,000
Premium/Discount to List
$50,000
4.35%
Total Days on Market
18
Views
69
Current Estimated Value
$1,279,617

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,617
Avg. Annual Appreciation
4.02%
Original Mortgage
$767,250
Outstanding Balance
$755,076
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$524,541

Purchase Details

Listed on
Jun 12, 2020
Closed on
Sep 3, 2020
Sold by
Concannon Joseph F and Concannon Susan M
Bought by
Luto Ralph and Luto Kristen
Seller's Agent
Brenda McIntyre
Brenda McIntyre Realty
Buyer's Agent
Jason McGuire
Jersey Property Group Realty
List Price
$779,000
Sold Price
$750,000
Premium/Discount to List
-$29,000
-3.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.09%
Original Mortgage
$767,250
Interest Rate
2.9%
Mortgage Type
VA

Purchase Details

Closed on
Aug 27, 1997
Sold by
Morris James
Bought by
Concannon Joseph and Concannon Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.38%
Source: Public Records

Range of Values:

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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
Murtha John Joseph $1,200,000 Westcor Land Title
Murtha John Joseph $1,200,000 Westcor Land Title
Luto Ralph $750,000 Fidelity National Title
Concannon Joseph $325,000 --
Concannon Joseph $325,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Murtha John Joseph $767,250
Previous Owner Luto Ralph $767,250
Previous Owner Cocannon Joseph F $417,000
Previous Owner Concannon Joseph F $417,000
Previous Owner Concannon Joseph $20,000
Previous Owner Concannon Joseph F $400,000
Previous Owner Concannon Joseph F $345,000
Previous Owner Concannon Joseph F $50,000
Previous Owner Concannon Joseph $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2023 10/27/23 Sold $1,200,000 +4.3% $408 / Sq Ft
09/06/2023 09/06/23 Pending -- -- --
08/19/2023 08/19/23 For Sale $1,150,000 +53.3% $391 / Sq Ft
09/04/2020 09/04/20 Sold $750,000 -1.3% $248 / Sq Ft
07/15/2020 07/15/20 Pending -- -- --
07/03/2020 07/03/20 Price Changed $759,900 -2.5% $251 / Sq Ft
06/12/2020 06/12/20 For Sale $779,000 -- $257 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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
2024 $17,992 $975,400 $245,600 $729,800
2023 $17,992 $955,000 $240,800 $714,200
2022 $15,838 $825,700 $220,100 $605,600
2021 $15,838 $746,700 $209,800 $536,900
2020 $13,547 $638,100 $209,800 $428,300
2019 $13,419 $625,600 $209,800 $415,800
2018 $13,295 $618,100 $209,800 $408,300
2017 $12,882 $603,100 $207,200 $395,900
2016 $12,466 $590,800 $204,900 $385,900
2015 $12,595 $578,800 $202,800 $376,000
2014 $13,740 $605,000 $217,100 $387,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22322883

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 44-00069-04-00014