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2 Somerset Court

2 Somerset Court, Allentown, NJ 08501
Property in Monmouth
Sold Aug 19, 2022
$824,000
$647,200 by Advisors Mortgage Group Llc
Mortgage Due Sep 01, 2052
Sold Jul 13, 1999
$311,624
Buyer
Seller
$233,000 by K Hovnanian Mtg Inc
Mortgage
2 Somerset Court in Allentown, NJ was first built in 1999 and is 25 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a colonial style. There are a total of 2 floors. There are a total of 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 2 Somerset Court has 2,988 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 1,653 sqft and has been categorized as a finished improved basement. In total, the area measurement of the land is 50,094 square feet.

Learn more about the property and building on this page. There is a open porch and a patio. For those who love swimming as a form of exercise, you'll be excited to find out that there is a vinyl in-ground pool on the property. The home has a gable style roof made of shingle (not wood). The property is not connected to a municipal sewage system. Instead, it is connected to a septic system which you will need to handle on your own. For those who need parking, there is a attached garage. The garage is 500 sqft. There are a total of 2 available parking spaces. The condition of the building has been evaluated as average. The exterior walls of the home are made of alum/vinyl siding. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2 Somerset Court sold most recently in Aug 16, 2022 for a total of $824,000. If you work out the math, that's approximately a cost of $275.77 per sqft. Before that, the property was also sold for $311,624 in May 26, 1999. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $17,637 in taxes each year. 2 Somerset Court was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $794,100. If we break it down further, the land itself was valued at $207,500. Improvements to the property, however, were assessed at a total of $586,600. The property's total market value has been marked the same as the total assessed value which is pretty typical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Style: Colonial
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 1,653
  • Garage Type: Attached
  • Garage Square Area: 500
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Open porch
  • Pool Type: Vinyl in-ground pool

    Dimensions

  • Lot Size Square Feet: 50,094
  • Total Building Area: 2,988
  • Building Area: 2,988
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,988
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Septic
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 1.15
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : SAPIA JAMES V
  • Previous Owner : LANGE DAVID S
  • Previous Owner 2: LANGE DEBRA R
  • Owner Before Previous Owner: HOVNANIAN K
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Upper Freehold Regional School District
  • Census Tract: 811900

Zoning

  • Zoning: SF80

Geography

  • Assessors Map Reference: TAX MAP 6.1
  • District: 51
  • Parcel: 51 00012- 01-00012
  • Block: 12.01
  • Lot: 12
  • Municipality: UPPER FREEHOLD TWP
  • Latitude: 40.1955
  • Longitude: -74.5589

    Address

  • Full Address: 2 Somerset Ct
  • Address - House Number: 2
  • Address - Street Name: Somerset
  • Address - Suffix Type: Ct
  • State: NJ
  • City Name: Allentown
  • Carrier Code: R102
  • 4-Digit Zip Code: 2040
  • Zip Code: 08501

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $17,637

    Appraisal Valuation

  • Standard Deviation: 0.1682
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 870,015
  • High Value: 1,016,417
  • Low Value: 723,612

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $647,200
  • First Open Lien Mortgage Lender: ADVISORS MORTGAGE GROUP LLC
  • First Open Lien Mortgage Recording Date: Aug 19, 2022
  • First Open Lien Mortgage Loan Amount: $647,200
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2052

    Market Valuation

  • Market Total Value: $794,100
  • Market Land Value: $207,500
  • Market Improvement Value: $586,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $794,100
  • Assessed Land Value: $207,500
  • Assessed Improvements Value: $586,600

    Sales

  • Current Sale Contract Date: Aug 16, 2022
  • Current Sale Recording Date: Aug 19, 2022
  • Current Sale Transaction ID: 11895348467
  • Current Sale Price: $824,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 85417
  • Previous Sale Recording Date: Jul 13, 1999
  • Previous Sale Contract Date: May 26, 1999
  • Previous Sale Amount: $311,624
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: ADVISORS MORTGAGE GROUP LLC
  • First Mortgage Transaction Date: Aug 19, 2022
  • First Mortgage Loan Amount: $647,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: K HOVNANIAN MTG INC
  • Previous Mortgage Transaction Date: Jul 13, 1999
  • Previous Mortgage Loan Amount: $233,000

About Monmouth



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Frequently Asked Questions

What neighborhood is 2 Somerset Court located in?
The 2 Somerset Court is a located in the neighborhood of Monmouth in Monmouth, Allentown.
What is the average sales price for listings in 2 Somerset Court?
The average sales price for units in 2 Somerset Court is $0 currently.

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