NOT LISTED FOR SALE

Estimated Value: $720,000

2 Beds
2 Baths
1,481 Sq Ft
$486/Sq Ft Est. Value

Last Sold February 21, 2020

Last sale price $247,000 $167 Per Sq Ft

Est. 191% increase in value since last sale

Current estimated payment $4,465/month

73 Days on Market

Highlights

  • Wooded Lot
  • Wood Flooring
  • Log Cabin
  • Bayberry Elementary School Rated A-
  • L-Shaped Dining Room
  • Porch

About This Home

As of February 2020

Wonderfull 1.5 acre lot located in Watchung.This is a Log Cabin constructed single family home with efficient living space. Home is set far off the road, with heavily wooded area in the rear. AS IS Sale buyer is responsible for c/o termite and smoke certification.Layout is living dining kitchen on the lower level, with 2 bedrooms on the second floor, with small space available for a desk or office area.

Last Listed By

Mitchell Schanen

C-21 CHARLES SMITH AGENCY Listed on: 09/23/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,534

Year Built

  • Built in 1930

Lot Details

  • 1.5 Acre Lot
  • Wooded Lot

Home Design

  • Log Cabin
  • Log Siding
  • Tile

Interior Spaces

  • 1,481 Sq Ft Home
  • Wood Burning Fireplace
  • Living Room
  • L-Shaped Dining Room
  • Formal Dining Room
  • Utility Room
  • Basement Fills Entire Space Under The House
  • Eat-In Kitchen

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Patio
  • Porch

Schools

  • Watchung Elementary And Middle School
  • Watchung High School

Utilities

  • Forced Air Heating System
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2721-05603-0000-00009-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,534

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Style: Log Home
  • Primary Style: Log Home
  • Subproperty Type: Single Family
  • Year Built: 1930
  • Year Built Description: Unknown
  • County Name: Somerset
  • Street Number Display: 99
  • Directions: North Drive Heading North of 22, to right turn on East
  • I D: 4933008
  • Modified: 2021-09-23
  • Number Images: 10
  • Section Subdiv Development: Watchung
  • First Name: MITCHELL
  • First Name2: RONALD
  • First Name3: THOMAS
  • Last Name: SCHANEN
  • Last Name2: MADEIRA
  • Last Name3: NOVEMBRE
  • Office Phone: 732-721-9000
  • Office Phone2: 7329851515
  • Office Phone3: 732-985-1515
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Laminate, Tile, Wood
  • Fireplace Description: Wood Burning
  • Number of Fireplaces: 1
  • Number Rooms: 5
  • Bedrooms: 2
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Description: Full
  • Basement Level Rooms: Utility Room
  • Dining Area: Dining L
  • Kitchen Area: Eat-In Kitchen
  • Level 1 Rooms: SeeRem, Living Room, Dining Room, Bath(s) Other, Kitchen
  • Level 2 Rooms: 2 Bedrooms, Bath Main
  • Level 3 Rooms: SeeRem
  • Estimated Sq Ft: 1481
  • Phone: 732-985-1515

Exterior Features

  • Exterior Description: Log
  • Exterior Features: Patio, Open Porch(es)

Garage/Parking

  • Number Parking Spaces: 4
  • Parking Driveway Description: 1 Car Width, Off-Street Parking

Utilities

  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water Heater: Gas

Schools

  • Elementary School: WATCHUNG
  • Middle School: WATCHUNG
  • High School: WATCHUNG
  • High School: WATCHUNG
  • Middle Jr High School: WATCHUNG

Lot Info

  • Lot Size: 1.50 AC.
  • Assessed Improvement Value: 155100
  • Assessed Land Value: 240700
  • Assessment: 395800
  • Easement: Unknown
  • Lot Description: Wooded Lot
  • Lot Identifier: 9
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 1.50
  • Zoning: Residential

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 7534
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2721-05603-0000-00009-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 1.991
  • Tax Rate Tax: *
  • Tax Rate Year: 2018
  • Tax Year Tax: *
  • Tax Year: 2018

MLS Schools

  • Grade School: WATCHUNG

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2019
Closed on
Jan 14, 2020
Sold by
Mortgage Eqt Convenion Asset Tr
Bought by
Lesalowsid Stanley
Seller's Agent
Mitchell Schanen
C-21 CHARLES SMITH AGENCY
Buyer's Agent
Thomas Novembre
C-21 CHARLES SMITH AGENCY
List Price
$260,000
Sold Price
$247,000
Premium/Discount to List
-$13,000
-5%
Total Days on Market
73
Current Estimated Value
$720,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$473,000
Avg. Annual Appreciation
15.78%
Original Mortgage
$262,816
Outstanding Balance
$233,702
Interest Rate
3.37%
Mortgage Type
FHA
Estimated Equity
$296,298

Purchase Details

Closed on
Mar 19, 2019
Sold by
Policastro Maria Pole and Policastro Marie Pole
Bought by
Nationstar Mortgage Llc and Champion Mortgage Company

Purchase Details

Closed on
Mar 23, 2006
Sold by
Policastro Marie Pole
Bought by
Policastro Maria Pole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,185
Interest Rate
6.32%

Range of Values:

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Average Value
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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
Lesalowsid Stanley $247,000 First American Title Ins Co
Nationstar Mortgage Llc $1,000 None Available
Policastro Maria Pole -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lesalowsid Stanley $262,816
Previous Owner Policastro Maria $20,900
Previous Owner Policastro Maria Pole $544,185
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2020 02/21/20 Sold $247,000 -5.0% $167 / Sq Ft
12/05/2019 12/05/19 Pending -- -- --
10/25/2019 10/25/19 For Sale $260,000 +5.3% $176 / Sq Ft
09/24/2019 09/24/19 Off Market $247,000 -- --
09/23/2019 09/23/19 For Sale $260,000 -- $176 / Sq Ft
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 $5,674 $284,000 $284,000 $0
2023 $5,319 $260,600 $260,500 $100
2022 $5,313 $252,900 $252,800 $100
2021 $5,271 $245,600 $245,500 $100
2020 $7,831 $368,000 $240,700 $127,300
2019 $8,213 $395,800 $240,700 $155,100
2018 $7,785 $391,000 $238,200 $152,800
2017 $7,413 $374,600 $216,600 $158,000
2016 $7,737 $370,000 $216,600 $153,400
2015 $7,487 $365,300 $216,600 $148,700
2014 $7,259 $358,600 $214,500 $144,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3589673

Garden State MLS

APN: 21-05603-0000-00009