NOT LISTED FOR SALE

1 1/2 Oliver Ave Pennsville, NJ 08070

Estimated Value: $235,407 - $294,000

-- Bed
-- Bath
1,594 Sq Ft
$166/Sq Ft Est. Value

Last Sold February 05, 2020

Last sale price $205,000 $129 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $1,651/month

Highlights

  • Traditional Floor Plan
  • No HOA
  • Ceiling Fan
  • Traditional Architecture
  • 90% Forced Air Heating and Cooling System
  • Dining Area

About This Home

As of February 2020

What an Opportunity! Income property TIMES 2! Front home is a four bedroom 1 bath with possible in law suite on the lower level. Private entrance to lower level possible. If not used for in law suite, full basement with multiple rooms for great potential! Home in rear has 2-3 bedrooms with 1 bath, and bonus outside space great for entertaining. Yearly lease for both units with BONUS - front house long term tenant in place. Centrally located close to public transportation, shopping and dining. Call today with any questions or to request a personal tour.

Last Agent to Sell the Property

SHANNON OBERMAN

(609) 202-4539 shannonoberman@gmail.com Better Homes and Gardens Real Estate Maturo License #1644674 Listed on: 09/16/2019

Better Homes and Gardens Real Estate Maturo

Last Buyer's Agent

Tiffany Beltran

(609) 579-7723 tiffanybeltran@kw.com Keller Williams Realty - Washington Township License #RS341705

Keller Williams Realty - Washington Township

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,154

Year Built

  • Built in 1950

Lot Details

  • 9,052 Sq Ft Lot
  • Lot Dimensions are 50.00 x 181.00

Parking

  • Driveway

Home Design

  • Duplex
  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 1,594 Sq Ft Home
  • Traditional Floor Plan
  • Ceiling Fan
  • Dining Area
  • Carpet

Schools

  • Pennsville Memorial High School

Utilities

  • 90% Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00003
  • Assessor Parcel Number 09-01505-00003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,154

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1950
  • Remarks Public: What an Opportunity! Income property TIMES 2! Front home is a four bedroom 1 bath with possible in law suite on the lower level. Private entrance to lower level possible. If not used for in law suite, full basement with multiple rooms for great potential! Home in rear has 2-3 bedrooms with 1 bath, and bonus outside space great for entertaining. Yearly lease for both units with BONUS - front house long term tenant in place. Centrally located close to public transportation, shopping and dining. Call today with any questions or to request a personal tour.
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s), Carpet, Dining Area, Floor Plan - Traditional
  • Total Sq Ft: 1594
  • Living Area Sq Ft: 1594
  • Price Per Sq Ft: 125.47
  • Above Grade Finished Sq Ft: 1594
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: PENNSVILLE TOWNSHIP PUBLIC SCHOOLS
  • High School: PENNSVILLE MEMORIAL H.S.
  • High School Source: Listing Agent
  • School District Key: 300200396394
  • School District Source: Listing Agent
  • High School: PENNSVILLE MEMORIAL H.S.

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 162300.00
  • Land Assessed Value: 36200.00
  • Lot Size Acres: 0.21
  • Lot Dimensions: 50.00 x 181.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9052.00
  • Year Assessed: 2018
  • Zoning: 02

Rental Info

  • Existing Lease Type: Yearly
  • Rent Control: No
  • Total Actual Rent: 2600.00
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 2202062
  • Tax Annual Amount: 8154.00
  • Assessor Parcel Number: 09-01505-00003
  • Tax Lot: 00003
  • Tax Total Finished Sq Ft: 1594
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 02/05/2020

MLS Schools

  • School District Name: PENNSVILLE TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 23, 2025
Sold by
Nero Frankie Lee
Bought by
Laplace Enterprises Llc
Current Estimated Value
$264,352

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Outstanding Balance
$103,905
Interest Rate
6.6%
Mortgage Type
Construction
Estimated Equity
$160,447

Purchase Details

Closed on
Feb 14, 2024
Sold by
Powell Norval and Powell Tionna
Bought by
Nero Frankie Lee

Purchase Details

Listed on
Sep 16, 2019
Closed on
Feb 5, 2020
Sold by
Toffoll Anthony R
Bought by
Powell Norval
Seller's Agent
SHANNON OBERMAN
Better Homes and Gardens Real Estate Maturo
Buyer's Agent
Tiffany Beltran
Keller Williams Realty - Washington Township
List Price
$200,000
Sold Price
$205,000
Premium/Discount to List
$5,000
2.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.55%
Original Mortgage
$201,286
Interest Rate
3.6%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 15, 2005
Sold by
Reo Management 2002 Inc
Bought by
Toffoli Anthony Redento and Toffoli Bernadette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
5.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 19, 2004
Sold by
Sfjv 2002-1 Llc
Bought by
Reo Management 2002 Inc

Purchase Details

Closed on
Jul 23, 2004
Sold by
Dannenhauer Joseph W and Dannenhauer Jennifer
Bought by
Sfjv-2002-I Llc

Purchase Details

Closed on
Oct 17, 2001
Sold by
Johnston Faith C and Lorraine Wylie G
Bought by
Dannenhauer Joseph W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,617
Interest Rate
6.92%
Source: Public Records

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
Laplace Enterprises Llc $260,000 West Jersey Title
Laplace Enterprises Llc $260,000 West Jersey Title
Nero Frankie Lee $240,000 Vylla Title
Nero Frankie Lee $240,000 Vylla Title
Powell Norval $205,000 None Available
Toffoli Anthony Redento $120,000 Salem Oak Title Agency Inc
Reo Management 2002 Inc -- First American Title Ins Co
Sfjv-2002-I Llc -- --
Dannenhauer Joseph W $112,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laplace Enterprises Llc $305,000
Closed Laplace Enterprises Llc $305,000
Previous Owner Powell Norval $201,286
Previous Owner Toffoli Anthony Redento $165,000
Previous Owner Dannenhauer Joseph W $111,617
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/05/2020 02/05/20 Sold $205,000 +2.5% $129 / Sq Ft
12/23/2019 12/23/19 Pending -- -- --
09/16/2019 09/16/19 For Sale $200,000 -- $125 / Sq Ft
Source: Bright 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
2025 $10,120 $198,500 $36,200 $162,300
2024 $9,742 $198,500 $36,200 $162,300
2023 $9,742 $198,500 $36,200 $162,300
2022 $9,437 $198,500 $36,200 $162,300
2021 $9,177 $198,500 $36,200 $162,300
2020 $8,899 $198,500 $36,200 $162,300
2019 $8,458 $198,500 $36,200 $162,300
2018 $8,154 $198,500 $36,200 $162,300
2017 $7,867 $198,500 $36,200 $162,300
2016 $7,239 $198,500 $36,200 $162,300
2015 $6,908 $198,500 $36,200 $162,300
2014 $6,723 $198,500 $36,200 $162,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJSA135736

Bright MLS

APN: 09-01505-0000-00003