$675,000
SOLD JUL 24, 2023

9 Somerset Ln Unit 103 Edgewater, NJ 07020

1 Bed
1 Bath
858 Sq Ft
436 Sq Ft Lot

Recently Sold

$787 Per Sq Ft

2% Below List Price

113 Days on Market

About This Home

As of July 2023

RARE 1 BEDROOM WATERFRONT CONDO W/LARGE OUTDOOR PATIO. THE PEARL IS A BOUTIQUE LOFT-STYLE BUILDING THAT WAS CONVERTED IN 2014 INTO ONE OF THE JEWELS OF THE HUDSON RIVER! MESMERIZING FLOOR TO CEILING WINDOWS FEATURING THE PRICELESS MIDTOWN MANHATTAN SKYLINE! 12 FOOT CEILINGS / 1 DEEDED PARKING SPACE/SS WOLF APPLIANCES & SUB ZERO REFRIGERATOR / ROOFTOP TERRACE / BBQ / HEATED POOL & PRIVATE PIER FOR RESIDENTS ONLY!

Last Agent to Sell the Property

Tony Nabhan

Keller Williams City Views Realty

Keller Williams City Views Realty

Last Buyer's Agent

Stephen Braconi

Christie's International Real Estate Group-Franklin Lakes

Christie's International Real Estate Group-Franklin Lakes

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,572

Year Built

  • 2014

Lot Details

  • River Front

Parking

  • 1 Car Garage

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,572

Year Built

2014

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Ownership: Private
  • PropertySubType: Condominium
  • Co List Office Phone: (201) 592-8900
  • MLS Status: Sold - Sold
  • Directions: River Rd to Main St to Somerset
  • Year Built Details: 2010's
  • PropertySubTypeAdditional: Highrise
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built (Public Record): 2014

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Primary Bathroom: No
  • Laundry: In Unit

Exterior Features

  • Waterfront Features: River Front
  • Disclosures: Seller's Agent, Seller Disclosure - No

Garage/Parking

  • Garage Spaces: 1.0

Lot Info

  • Lot: 00001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2023
Closed on
Jul 20, 2023
Sold by
Galloway Troy
Bought by
Breit Daniel Raymond and Breit Shannon Mary
Seller's Agent
Tony Nabhan
Keller Williams City Views Realty
Buyer's Agent
Stephen Braconi
Christie's International Real Estate Group-Franklin Lakes
List Price
$689,800
Sold Price
$675,000
Premium/Discount to List
-$14,800
-2.15%
Total Days on Market
113
Views
251
Current Estimated Value
$713,885

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,885
Avg. Annual Appreciation
3.09%
Original Mortgage
$540,000
Outstanding Balance
$531,891
Interest Rate
7.75%
Mortgage Type
New Conventional
Estimated Equity
$181,994

Map

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

Similar Homes in the area

  • 200 Crown Ct Unit 423, Edgewater, NJ 07020

    $529,000

    • 2 Beds
    • 2 Baths
    • 200 Crown Ct
    • Unit 423
    • Edgewater, NJ

    Welcome to this south facing 2 bedroom, 2 bathroom condo in the heart of Edgewater, one of the highly desirable location in town. This top/3rd floor corner unit offers large light filled living room with sliding door to access your private terrace, Entry foyer leads to an open kitchen with stainless steel appliances and granite countertop, Large primary bedroom with his and her closet and

    Michael Kim RE/MAX SELECT - Fort Lee

    Section Image
  • 200 Old Palisade Rd Unit 2C, Fort Lee, NJ 07024

    $749,000

    • 2 Beds
    • 2 Baths
    • 200 Old Palisade Rd
    • Unit 2C
    • Fort Lee, NJ

    Come & Enjoy Amazing Panoramic views of NYC and The Hudson River from all windows In this Magnificent River Ridge. This corner unit offers a unique opportunity to own your dream home with breathtaking south and east view of the Manhattan skyline and Hudson River. Approximately 1540 square feet of living space includes a versatile solarium/den, perfect for a home office or relaxation. Residents

    Michael Kim RE/MAX SELECT - Fort Lee

    Section Image
  • 331 The Promenade, Edgewater, NJ 07020

    $699,000

    • 2 Beds
    • 2 Baths
    • 331 The Promenade
    • Edgewater, NJ

    Bright and sunny east/south face offering Hudson River and New York city views from living room windows Hardwood floor, Upgraded custom kitchen, Mable counter tables Newly painted walls, new light fixtures, New washing machine Indoor parking, well maintained community Walk to park, shopping and restaurants

    Min Hyoung Cho 2Win Realty LLC

    Section Image
  • 344 The Promenade, Edgewater, NJ 07020

    $639,998

    • 2 Beds
    • 2 Baths
    • 1,500 Sq Ft
    • 344 The Promenade
    • Edgewater, NJ

    Situated in the heart of Edgewater, New Jersey, The Promenade! Just look at these breath-taking, unobstructed New York City Views over The Hudson River. This Stunning 2 Bedroom, 2 Bathroom Condo Home boasts approximately 1500 Square Feet including Open Concept Entertaining Options and an Outdoor Balcony that are sure to impress! Location at its best! City Place at The Promenade is the place to

    KELLY ROBINSON SIGNATURE REALTY NJ LLC

    Section Image
  • 252 The Promenade, Edgewater, NJ 07020

    $649,000

    • 2 Beds
    • 2 Baths
    • 252 The Promenade
    • Edgewater, NJ

    Indulge in the epitome of luxury waterfront living with this sophisticated 2-bedroom, 2-bathroom residence at The Promenade. Perched directly on the water, this stunning 1,496 sq. ft. condo offers views of the Manhattan skyline and the Hudson River. Step inside to discover an elegantly designed open-concept living space, flooded with natural light from expansive windows that perfectly frame the

    Jill Biggs Coldwell Banker, Hoboken

    Section Image
  • 217 The Promenade, Edgewater, NJ 07020

    $715,000

    • 3 Beds
    • 2 Baths
    • 217 The Promenade
    • Edgewater, NJ

    Spanning 1,751 sq ft, this south-facing condo is nestled in the highly sought-after Edgewater waterfront community. Welcome to 217 The Promenade, a 3-Bedroom 2 Bath condo that welcomes you with hardwood floors, an open concept Kitchen, Living Room, Dining Room, & Balcony with stunning views. Kitchen with granite countertops, stainless steel appliances, washer/ dryer in unit, Primary bedroom with

    Sweta Patel Corcoran Infinity Properties, Edgewater

    Section Image
  • 249 The Promenade, Edgewater, NJ 07020

    $659,000

    • 2 Beds
    • 2 Baths
    • 249 The Promenade
    • Edgewater, NJ

    It's the waterfront at The Promenade. 2 bed & 2 bath condo offers Hudson River views and includes a private balcony. Open floor plan. Washer/dryer in-unit and a deeded garage parking spot. Elevator in the building. Community amenities include 24-hour security, a fitness center, and sauna. Close to shops, dining, and easy NYC transportation.

    Sung Hong Kingstone Realty LLC

    Section Image
  • 108 The Promenade, Edgewater, NJ 07020

    $658,000

    • 2 Beds
    • 2 Baths
    • 108 The Promenade
    • Edgewater, NJ

    Unveil a slice of paradise in this radiant Edgewater gem! This sun-kissed 2 bed, 2 bath condo presents a symphony of comfort & style, framed by breathtaking Manhattan panoramas. Graceful crown molding dances across the expansive, light-filled living and dining spaces, creating an inviting ambiance. Enjoy the ease of in-unit laundry & modern bath with a marble shower. The gourmet kitchen shines

    Dean Clark EXP Realty, LLC

    Section Image

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
Deed $675,000 American Land Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $540,000 New Conventional
Previous Owner $417,000 New Conventional
Previous Owner $311,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2023 07/24/23 Sold $675,000 -2.1% $787 / Sq Ft
06/02/2023 06/02/23 Pending -- -- --
02/09/2023 02/09/23 For Sale $689,800 +3.2% $804 / Sq Ft
04/15/2016 04/15/16 Sold $668,500 -4.4% $779 / Sq Ft
02/09/2016 02/09/16 Pending -- -- --
09/28/2015 09/28/15 For Sale $699,000 -- $815 / Sq Ft
Source: New Jersey MLS

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 $8,221 $527,800 $304,000 $223,800
2023 $8,586 $514,800 $296,000 $218,800
2022 $8,586 $532,600 $320,000 $212,600
2021 $12,238 $543,200 $450,000 $93,200
2020 $10,565 $543,200 $450,000 $93,200
2019 $10,299 $543,200 $450,000 $93,200
2018 $9,957 $543,200 $450,000 $93,200
2017 $9,778 $543,200 $450,000 $93,200
2016 $9,664 $543,200 $450,000 $93,200
2015 $9,533 $543,200 $450,000 $93,200
Source: Public Records

Source: New Jersey MLS

MLS Number: 23004012

New Jersey MLS

APN: 13-00099-0000-00001-14-CA103