NOT LISTED FOR SALE

88 Gate House Ln Edison, NJ 08820

Estimated Value: $569,882 - $599,000

2 Beds
2 Baths
1,399 Sq Ft
1,442 Sq Ft Lot

Last Sold January 26, 2024

Last sale price $505,000 $361 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $3,892/month

45 Days on Market

Highlights

  • Private Pool
  • Property is near public transit and shops
  • Tennis Courts
  • Woodbrook Elementary School Rated A
  • Wood Flooring
  • 2 Car Attached Garage

About This Home

As of January 2024

Welcome home to this lovely well maintained one level unit. Located in Park Gate community in North Edison. This community is gated and very private with pool and tennis court. Close to Metro park or Edison trains. easy commute to NYC. 2 bedrooms and 2 bath with 2 car large garage. Spacious rooms. Fire place for cold winter nights. Wood floors thru ought .Relax on the patio that just had a new privacy fence and pavers on the patio. Great for downsizing and for those who are just starting out. 1399 sq ft. Ready for new owner.

Last Agent to Sell the Property

Roberta Galkin

RE/MAX COMPETITIVE EDGE Listed on: 10/04/2023

RE/MAX COMPETITIVE EDGE

Co-Listed By

Marcie Borke

RE/MAX COMPETITIVE EDGE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,069

Year Built

  • Built in 1983

Lot Details

  • 1,442

Parking

  • 2 Car Attached Garage
  • Open Parking

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,399 Sq Ft Home
  • 1-Story Property
  • Entrance Foyer
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Private Pool
  • Property is near public transit and shops

Community Details

Overview

  • Association fees include ground maintenance, snow removal
  • Park Gate Condo Subdivision

Recreation

  • Tennis Courts
  • Community Pool

Pet Policy

  • Pets Allowed

Building Details

  • Maintenance Expense $340

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,069

Year Built

Built in 1983

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Condo/TH
  • Prop. Type: Residential
  • Lot Size Acres: 0.0331
  • Co List Office Mls Id: RECE04
  • Ownership: Condominium
  • Subdivision Name: Park Gate Condo
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Property Attached Yn: No
  • Building Stories: 1
  • Year Built: 1983
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Dining Room Features: Living Dining Combo
  • Room Kitchen Features: Eat-in Kitchen
  • Appliances: Self Cleaning Oven, Dishwasher, Dryer, Gas Range/Oven, Microwave, Washer, Gas Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Wood
  • Interior Amenities: 2 Bedrooms, Bath Other, Dining Room, Bath Full, Entrance Foyer, Kitchen, Laundry Room, Living Room, None
  • Living Area: 1399
  • Stories: 1

Exterior Features

  • Lot Features: Near Shopping, Near Train
  • Pool Features: Outdoor Pool
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: 1 Car Width, Built-In Garage

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable TV, Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Outdoor Pool, Tennis Court(s)
  • Senior Community: No
  • Association #2 Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds, Snow Removal

Lot Info

  • Lot Size Sq Ft: 1442
  • Zoning: RBBT

Multi Family

  • Maintenance Expense: 340

Tax Info

  • Tax Annual Amount: 10069
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2023
Closed on
Jan 10, 2024
Sold by
Ilut Irina
Bought by
Viswanathan Prasanth
Seller's Agent
Roberta Galkin
RE/MAX COMPETITIVE EDGE
List Price
$500,000
Sold Price
$505,000
Premium/Discount to List
$5,000
1%
Views
151
Current Estimated Value
$588,971

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,971
Avg. Annual Appreciation
8.08%
Original Mortgage
$408,000
Outstanding Balance
$400,389
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$188,582

Purchase Details

Closed on
Jan 6, 2005
Sold by
Bowers Mary
Bought by
Ilut Irina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,600
Interest Rate
1%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 15, 1999
Sold by
Bowers Clark
Bought by
Bowers Mary
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Viswanathan Prasanth $510,000 American Land Title
Viswanathan Prasanth $510,000 American Land Title
Ilut Irina $347,000 --
Bowers Mary $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Viswanathan Prasanth $408,000
Closed Viswanathan Prasanth $408,000
Previous Owner Ilut Irina $277,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/26/2024 01/26/24 Sold $505,000 +1.0% $361 / Sq Ft
10/04/2023 10/04/23 For Sale $500,000 -- $357 / Sq Ft
Source: All Jersey 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 $10,120 $170,000 $90,000 $80,000
2024 $10,066 $170,000 $90,000 $80,000
Source: Public Records

Agents Affiliated with this Home

  • Roberta Galkin

    Seller's Agent in 2024

    Roberta Galkin

    RE/MAX

    (732) 742-1914

    19 in this area

    49 Total Sales

    Roberta Galkin
    Section Image
  • Marcie Borke

    Seller Co-Listing Agent in 2024

    Marcie Borke

    RE/MAX

    (848) 203-3118

    15 in this area

    51 Total Sales

    Marcie Borke
    Section Image
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Map

Source: All Jersey MLS

MLS Number: 2353371M

All Jersey MLS

APN: 05-00593-0000-00052-0000-C0088

New Jersey Middlesex County Edison 08820

88 Gate House Ln, Edison, NJ

Not Listed for Sale

Condos

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