NOT LISTED FOR SALE

948 Melrose Place Unit 54 Plainfield, NJ 07063

Estimated Value: $391,000 - $525,000

2 Beds
2 Baths
-- Sq Ft
0.25 Acres

Last Sold July 21, 2023

Last sale price $380,000

Est. 19% increase in value since last sale

Current estimated payment $3,107/month

15 Days on Market

About This Home

As of July 2023

This home is located at 948 Melrose Place Unit 54, Plainfield, NJ 07063 since 01 May 2023 and is currently estimated at $451,371. This property was built in 1921. 948 Melrose Place Unit 54 is a home located in Union County with nearby schools including Jefferson Elementary School, Hubbard Middle School, and Plainfield High School.

Last Agent to Sell the Property

DAVID L. JAMES

JAMES REALTY LLC Listed on: 05/01/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,366

Year Built

  • Built in 1921

Lot Details

  • 0.25

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,366

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Year Built: 1921
  • County Name: Union
  • Street Number Display: 948
  • I D: 5217640
  • Modified: 2024-07-22
  • Number Images: 1
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 2
  • Bathrooms: 2.00

Lot Info

  • Lot Size: 87X126 IRR

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2023
Closed on
Jul 13, 2023
Sold by
Marnat Realty Llc
Bought by
Lopez Magaly and Soto Edwin
Seller's Agent
DAVID L. JAMES
JAMES REALTY LLC
List Price
$349,000
Sold Price
$380,000
Premium/Discount to List
$31,000
8.88%
Current Estimated Value
$451,371

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,371
Avg. Annual Appreciation
8.27%
Original Mortgage
$373,117
Interest Rate
6.96%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 27, 2021
Sold by
Newman John B
Bought by
Marnat Realty Llc

Purchase Details

Closed on
Oct 4, 2017
Sold by
Callands Stephen
Bought by
Callands Construction Llc

Purchase Details

Closed on
Jan 21, 2016
Sold by
948 Melrose Pl Llc
Bought by
Callands Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
3.98%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Oct 24, 1996
Sold by
Froehlich John D and Froehlich Michelle
Bought by
Wrighten William T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,750
Interest Rate
7.83%

Purchase Details

Closed on
Nov 14, 1994
Sold by
Ellis Richard G and Ellis Rebecca
Bought by
Froehlich John D and Froehlich Michelle
Source: Public Records

Range of Values:

Collateral Analytics

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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
Lopez Magaly $380,000 Foundation Title
Marnat Realty Llc -- Newman John B
Callands Construction Llc -- Kenworth Title Llc
Callands Stephen $45,000 --
Wrighten William T $65,000 --
Froehlich John D $45,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Magaly $373,828
Closed Lopez Magaly $373,117
Previous Owner Callands Stephen $40,000
Previous Owner Wrighten William T $48,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2023 07/21/23 Sold $380,000 +8.9% --
05/16/2023 05/16/23 Pending -- -- --
05/01/2023 05/01/23 For Sale $349,000 -- --
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
2024 $7,366 $120,200 $52,100 $68,100
2023 $7,366 $85,200 $52,100 $33,100
2022 $7,207 $85,200 $52,100 $33,100
2021 $7,144 $85,200 $52,100 $33,100
2020 $7,124 $85,200 $52,100 $33,100
2019 $7,124 $85,200 $52,100 $33,100
2018 $6,974 $85,200 $52,100 $33,100
2017 $6,804 $85,200 $52,100 $33,100
2016 $6,665 $85,200 $52,100 $33,100
2015 $6,468 $85,200 $52,100 $33,100
2014 $6,293 $85,200 $52,100 $33,100
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2023

    DAVID L. JAMES

    JAMES REALTY LLC

See All Agents

Map

Source: Garden State MLS

MLS Number: 3841063

Garden State MLS

APN: 12-00228-0000-00010

New Jersey Union County Plainfield 07063

948 Melrose Place Unit 54, Plainfield, NJ

This home is located at 948 Melrose Place Unit 54, Plainfield, NJ 07063 since 01 May 2023 and is currently estimated at $451,371. This property was built in 1921. 948 Melrose Place Unit 54 is a home located in Union County with nearby schools including Jefferson Elementary School, Hubbard Middle School, and Plainfield High School.

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