$550,000
SOLD AUG 28, 2024

981 Balsam Way Union, NJ 07083

3 Beds
1.5 Baths
1,320 Sq Ft
5,110 Sq Ft Lot

Recently Sold

$417 Per Sq Ft

10% Above List Price

6 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Workshop
  • Deck
  • Attic
  • Den

About This Home

As of August 2024

Welcome to 981 Balsam Way in Union, where charm and potential await! This delightful 3 bedroom, 1.5 bath Colonial, is perfectly situated on a dead-end street. As you step inside, you'll be greeted by a cozy foyer welcoming you home. The hardwood floors guide you through this elegant and charming home. The main level features a living room, perfect for relaxing or entertaining guests. The adjoining den offers potential for a library or office.The dining area is ideal for meals or gatherings featuring double doors to the rear deck allowing you to take the party outside! The kitchen is spacious and ready for your personal touch to make it truly shine! Upstairs, you'll find three nicely sized bedrooms, each offering comfortable living space. The main bathroom features classic fixtures that maintain the home's original character. One of the standout features of this home is the vast untapped potential of both the attic and the basement. Step outside to discover a large, level yard perfect for outdoor activities, gardening, or simply unwinding in the fresh air. The detached 2 car garage provides ample storage space and convenience, making it easy to keep your vehicles and tools organized. Commuters will appreciate the easy accessibility to major highways and public transit, making travel a breeze. 981 Balsam Way is more than just a house; it's a canvas for your dreams. Come check it out today!

Last Agent to Sell the Property

Catarina Gomes

RE/MAX LIFETIME REALTORS Listed on: 07/12/2024

RE/MAX LIFETIME REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,100

Year Built

  • Built in 1929

Lot Details

  • 5,110 Sq Ft Lot
  • Lot Dimensions are 102.00 x 50.00
  • Street terminates at a dead end
  • Level Lot

Parking

  • 2 Car Detached Garage
  • Open Parking

Home Design

  • Colonial Architecture
  • Asphalt Roof

Interior Spaces

  • 1,320 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Living Room
  • Formal Dining Room
  • Den
  • Utility Room
  • Wood Flooring
  • Attic

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Workshop
  • Finished Basement Bathroom
  • Laundry in Basement

Outdoor Features

  • Deck

Utilities

  • Window Unit Cooling System
  • Radiator
  • Gas Water Heater

Community Details

  • Suburban Park Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,100

Year Built

Built in 1929

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.1173
  • Lot Size: 102.00 x 50.00
  • Ownership: Fee Simple
  • Subdivision Name: Suburban Park
  • Architectural Style: Colonial
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built: 1929
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 2

Interior Features

  • Dining Room Features: Formal Dining Room
  • Room Kitchen Features: Eat-in Kitchen
  • Appliances: Dryer, Gas Range/Oven, Refrigerator, Washer, Gas Water Heater
  • Has Basement: Full, Bath Half, Utility Room, Workshop, Laundry Facilities
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Wood
  • Interior Amenities: Entrance Foyer, Kitchen, Living Room, Den, Dining Room, 3 Bedrooms, Bath Main, Attic
  • Living Area: 1320
  • Stories: 2

Exterior Features

  • Lot Features: Dead - End Street, Level
  • Exterior Features: Deck
  • Patio And Porch Features: Deck
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: 1 Car Width, Garage, Detached

Utilities

  • Gas Company: Natural Gas
  • Cooling: Window Unit(s)
  • Heating: Radiators-Steam
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association #2 Fee Frequency: Monthly

Lot Info

  • Lot Size Sq Ft: 5110

Tax Info

  • Tax Annual Amount: 9100
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2024
Closed on
Aug 23, 2024
Sold by
Lysinger Family Trust and Lysinger Andrew
Bought by
Oconnor Erin Patricia
Seller's Agent
Catarina Gomes
RE/MAX LIFETIME REALTORS
List Price
$499,000
Sold Price
$550,000
Premium/Discount to List
$51,000
10.22%
Views
44
Current Estimated Value
$550,307

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$307
Avg. Annual Appreciation
1.96%
Original Mortgage
$440,000
Outstanding Balance
$437,293
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$121,405

Purchase Details

Closed on
Mar 8, 2022
Sold by
Lysinger Andrew J and Lysinger Mary C
Bought by
Lysinger Family Trust

Purchase Details

Closed on
Jun 26, 2001
Sold by
Leustek Thomas and Lucignano Geraldine
Bought by
Lysinger Andrew J and Lysinger Mary C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,800
Interest Rate
7.21%

Purchase Details

Closed on
Aug 8, 1994
Sold by
Auer Emma B
Bought by
Leustek Thomas and Lucignano Geraldine
Source: Public Records

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Range of Values:

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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 $550,000 Fidelity National Title
Deed -- Ohlig Gretchan R
Bargain Sale Deed $229,000 --
Deed $148,250 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $440,000 New Conventional
Previous Owner $50,000 Credit Line Revolving
Previous Owner $20,000 Credit Line Revolving
Previous Owner $102,000 Stand Alone First
Previous Owner $177,800 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2024 08/28/24 Sold $550,000 +10.2% $417 / Sq Ft
07/12/2024 07/12/24 For Sale $499,000 -- $378 / 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
2024 $9,101 $42,000 $20,000 $22,000
2023 $9,101 $42,000 $20,000 $22,000
2022 $8,785 $42,000 $20,000 $22,000
2021 $8,572 $42,000 $20,000 $22,000
2020 $8,401 $42,000 $20,000 $22,000
2019 $8,288 $42,000 $20,000 $22,000
2018 $8,147 $42,000 $20,000 $22,000
2017 $8,026 $42,000 $20,000 $22,000
2016 $7,830 $42,000 $20,000 $22,000
2015 $7,701 $42,000 $20,000 $22,000
2014 $7,528 $42,000 $20,000 $22,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2500366R

All Jersey MLS

APN: 19-01306-0000-00033