NOT LISTED FOR SALE

1 Colson Ct Woodstown, NJ 08098

Estimated Value: $264,000 - $395,000

-- Bed
-- Bath
2,208 Sq Ft
$153/Sq Ft Est. Value

Last Sold May 31, 2024

Last sale price $285,000 $129 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,326/month

38 Days on Market

Highlights

  • Colonial Architecture
  • 1 Car Direct Access Garage
  • Hot Water Heating System

About This Home

As of May 2024

Don't miss out on this exceptional investment opportunity! Nestled in the heart of Woodstown, this duplex home offers the perfect blend of convenience and potential. Situated within walking distance to downtown Woodstown, where a vibrant atmosphere awaits with bustling festivals, eclectic shopping, and enticing dining options. Both units are currently tenant occupied, presenting immediate income generation. Unit A features 1 bedroom and 1 full bath, while Unit B boasts 3 bedrooms and 1 full bathroom, providing versatile living arrangements for tenants. Each unit is equipped with separate entrances and in-unit laundry facilities, ensuring privacy and convenience for occupants. Recent updates include a roof replacement in December 2023, ensuring long-term structural integrity. Additionally, the hot water heater and radiant floor heating are approximately 12 years old, demonstrating the property's well-maintained status. Unit A showcases elegant tile flooring throughout, while Unit B retains its original charm with beautiful wood floors. This distinctive feature adds character and appeal to each unit, enhancing their desirability among tenants.With the option to retain current leases, this property offers a steady stream of cash flow, coupled with low taxes for favorable returns on investment. Don't let this opportunity slip away – seize the chance to own a lucrative investment property in a prime location!

Last Agent to Sell the Property

Carol Minghenelli

Compass New Jersey, LLC - Haddon Township Listed on: 03/20/2024

Compass New Jersey, LLC - Haddon Township

Co-Listed By

Susan Lozowski

Compass New Jersey, LLC - Haddon Township

Last Buyer's Agent

KELLY SKAY GILLIES

BHHS Fox & Roach-Mullica Hill South

BHHS Fox & Roach-Mullica Hill South

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,834

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 100.00 x 0.00

Parking

  • 1 Car Direct Access Garage
  • Front Facing Garage
  • Driveway

Home Design

  • 2,208 Sq Ft Home
  • Duplex
  • Colonial Architecture
  • Slab Foundation
  • Vinyl Siding

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for gas, lawn/shrub care, pest control, sewer, trash collection, water
  • Tax Lot 00014
  • Assessor Parcel Number 15-00018-00014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,834

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2024-03-20
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: Don't miss out on this exceptional investment opportunity! Nestled in the heart of Woodstown, this duplex home offers the perfect blend of convenience and potential. Situated within walking distance to downtown Woodstown, where a vibrant atmosphere awaits with bustling festivals, eclectic shopping, and enticing dining options. Both units are currently tenant occupied, presenting immediate income generation. Unit A features 1 bedroom and 1 full bath, while Unit B boasts 3 bedrooms and 1 full bathroom, providing versatile living arrangements for tenants. Each unit is equipped with separate entrances and in-unit laundry facilities, ensuring privacy and convenience for occupants. Recent updates include a roof replacement in December 2023, ensuring long-term structural integrity. Additionally, the hot water heater and radiant floor heating are approximately 12 years old, demonstrating the property's well-maintained status. Unit A showcases elegant tile flooring throughout, while Unit B retains its original charm with beautiful wood floors. This distinctive feature adds character and appeal to each unit, enhancing their desirability among tenants. With the option to retain current leases, this property offers a steady stream of cash flow, coupled with low taxes for favorable returns on investment. Don't let this opportunity slip away – seize the chance to own a lucrative investment property in a prime location!
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Slab
  • Total Sq Ft: 2208
  • Living Area Sq Ft: 2208
  • Price Per Sq Ft: 131.34
  • Above Grade Finished Sq Ft: 2208
  • 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 Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry, Inside Access
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Driveway, Attached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: WOODSTOWN-PILESGROVE REGI SCHOOLS
  • School District Key: 300200396393
  • School District Source: Listing Agent

Lot Info

  • Lot Dimensions: 100.00 x 0.00
  • Lot Size Units: Square Feet
  • Year Assessed: 2023
  • Zoning: RESID

Rental Info

  • Existing Lease Type: Long Term
  • Owner Pays: Gas, Lawn/Shrub Care, Pest Control, Sewer, Trash Collection, Water
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 4834.00
  • Assessor Parcel Number: 15-00018-00014
  • Tax Lot: 00014
  • Tax Total Finished Sq Ft: 2208
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 05/31/2024

MLS Schools

  • School District Name: WOODSTOWN-PILESGROVE REGI SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2024
Closed on
May 31, 2024
Sold by
Grey Jessica
Bought by
Gillies Kelly S and Gillies Joseph D
Seller's Agent
Carol Minghenelli
Compass New Jersey, LLC - Haddon Township
Buyer's Agent
KELLY SKAY GILLIES
BHHS Fox & Roach-Mullica Hill South
List Price
$290,000
Sold Price
$285,000
Premium/Discount to List
-$5,000
-1.72%
Views
231
Current Estimated Value
$351,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,156
Avg. Annual Appreciation
11.41%
Original Mortgage
$213,750
Outstanding Balance
$212,010
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$112,453

Purchase Details

Closed on
Oct 27, 2020
Sold by
Viola Edward M and Viola Jessica
Bought by
Gray Jessica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 12, 2012
Closed on
Apr 26, 2013
Sold by
Gannon Mary E
Bought by
Viola Edward M and Viola Jessica
Seller's Agent
JANET MOULDER
American Dream Realty of South Jersey
Buyer's Agent
MaryBeth Oates
Coldwell Banker Realty
List Price
$129,900
Sold Price
$95,000
Premium/Discount to List
-$34,900
-26.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.50%
Original Mortgage
$93,279
Interest Rate
3.45%
Mortgage Type
FHA
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
Gillies Kelly S $285,000 West Jersey Title
Gray Jessica -- Stewart Title
Viola Edward M $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gillies Kelly S $213,750
Previous Owner Gray Jessica $110,000
Previous Owner Viola Ii Edward M $110,704
Previous Owner Viola Edward M $93,279
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $285,000 -1.7% $129 / Sq Ft
04/28/2024 04/28/24 Pending -- -- --
03/20/2024 03/20/24 For Sale $290,000 +205.3% $131 / Sq Ft
04/26/2013 04/26/13 Sold $95,000 -26.9% $43 / Sq Ft
03/21/2013 03/21/13 Pending -- -- --
03/12/2012 03/12/12 For Sale $129,900 -- $59 / 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
2024 $4,835 $121,900 $76,900 $45,000
2023 $4,835 $121,900 $76,900 $45,000
2022 $4,763 $121,900 $76,900 $45,000
2021 $4,663 $121,900 $76,900 $45,000
2020 $4,558 $121,900 $76,900 $45,000
2019 $4,386 $121,900 $76,900 $45,000
2018 $4,229 $121,900 $76,900 $45,000
2017 $4,139 $121,900 $76,900 $45,000
2016 $4,009 $121,900 $76,900 $45,000
2015 $3,730 $121,900 $76,900 $45,000
2014 -- $201,700 $76,900 $124,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJSA2010292

Bright MLS

APN: 15-00018-0000-00014