NOT LISTED FOR SALE

1004 Black Horse Pike Hammonton, NJ 08037

Estimated Value: $381,715

-- Bed
-- Bath
2,557 Sq Ft
$149/Sq Ft Est. Value

Last Sold August 09, 2024

Last sale price $380,000 $149 Per Sq Ft

Current estimated payment $2,466/month

62 Days on Market

About This Home

As of August 2024

Welcome to this exceptional opportunity in a prime location! This property boasts a 40-year-old, well-established car repair shop, currently utilized for car repair, body shop services, and as an APPROVED used CAR LOT. While the current owner isn't operating a car dealership, new owners have the potential to add this lucrative revenue stream to the existing business model. The versatile space includes a mechanics shop, a paint shop with its own separate room and compressor, and a dedicated compressor room. Equipped with a hydronic lift, this facility is ready to support a wide range of automotive services.
Additionally, nestled on the expansive lot is a charming 3-BEDROOM HOUSE, currently rented to long-term tenants for $1250 a month on a month-to-month lease. With the potential to increase the rent to $1500 or more, new owners have the opportunity to maximize returns on this investment. With its unbeatable location and diverse income streams, this property offers endless potential for entrepreneurs looking to establish or expand their presence in the automotive industry. Don't miss out on this rare chance to own a piece of prime real estate with lucrative business opportunities! Priced to sale . Call the listing agent today.

Last Agent to Sell the Property

Sheetal Patel

Keller Williams Realty - Washington Township License #1753264 Listed on: 05/30/2024

Keller Williams Realty - Washington Township

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,709

Year Built

  • Built in 1987

Lot Details

  • 1.2

Home Design

  • 2,557 Sq Ft Home
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding
  • Asphalt

Parking

  • 50 Open Parking Spaces
  • 50 Parking Spaces
  • Driveway
  • Parking Lot

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Oil
  • Well
  • Electric Water Heater
  • Shared Septic

Additional Features

  • More Than Two Accessible Exits
  • 1.2 Acre Lot

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,709

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1987
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to this exceptional opportunity in a prime location! This property boasts a 40-year-old, well-established car repair shop, currently utilized for car repair, body shop services, and as an APPROVED used CAR LOT. While the current owner isn't operating a car dealership, new owners have the potential to add this lucrative revenue stream to the existing business model. The versatile space includes a mechanics shop, a paint shop with its own separate room and compressor, and a dedicated compressor room. Equipped with a hydronic lift, this facility is ready to support a wide range of automotive services. Additionally, nestled on the expansive lot is a charming 3-BEDROOM HOUSE, currently rented to long-term tenants for $1250 a month on a month-to-month lease. With the potential to increase the rent to $1500 or more, new owners have the opportunity to maximize returns on this investment. With its unbeatable location and diverse income streams, this property offers endless potential for entrepreneurs looking to establish or expand their presence in the automotive industry. Don't miss out on this rare chance to own a piece of prime real estate with lucrative business opportunities! Priced to sale . Call the listing agent today.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Foundation Details: Slab
  • Total Sq Ft: 2557
  • Living Area Sq Ft: 2557
  • Price Per Sq Ft: 195.54
  • Above Grade Finished Sq Ft: 2557
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1004

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Asphalt, Concrete, Vinyl Siding
  • Roof: Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 50
  • Type Of Parking: Driveway, Parking Lot
  • Parking Lot Number Of Spaces: 50

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s), Wall Unit
  • Heating Fuel: Oil
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Shared Septic
  • Water Source: Well

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: FOLSOM PUBLIC SCHOOLS
  • School District Key: 300200397462
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 1.20
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 52244.00
  • Year Assessed: 2023
  • Zoning: COM/MIXED USE

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 1
  • Rent Control: No
  • Units Furnished: All
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 4709.00
  • Assessor Parcel Number: NO TAX RECORD
  • Tax Year: 2023
  • Close Date: 08/09/2024

MLS Schools

  • School District Name: FOLSOM PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2024
Closed on
Aug 9, 2024
Sold by
Tavarez Miguel and Tavarez Zaida
Bought by
Bertino John J and Bertino Amy M
Seller's Agent
Sheetal Patel
Keller Williams Realty - Washington Township
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$500,000
Sold Price
$380,000
Premium/Discount to List
-$120,000
-24%
Views
74
Current Estimated Value
$381,715

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,715
Avg. Annual Appreciation
0.42%

Purchase Details

Closed on
Oct 28, 1987
Bought by
Tavarez Miguel and Tavarez Zaida
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
Bertino John J $380,000 None Listed On Document
Tavarez Miguel $50,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2024 08/09/24 Sold $380,000 -24.0% $149 / Sq Ft
07/31/2024 07/31/24 Pending -- -- --
05/30/2024 05/30/24 For Sale $500,000 -- $196 / 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 $4,684 $213,700 $90,000 $123,700
2024 $4,684 $213,700 $90,000 $123,700
2023 $4,622 $213,700 $90,000 $123,700
2022 $4,622 $213,700 $90,000 $123,700
2021 $4,584 $213,700 $90,000 $123,700
2020 $4,460 $213,700 $90,000 $123,700
2019 $4,287 $213,700 $90,000 $123,700
2018 $4,283 $213,700 $90,000 $123,700
2017 $4,536 $140,000 $35,500 $104,500
2016 $4,374 $140,000 $35,500 $104,500
2015 $4,271 $140,000 $35,500 $104,500
2014 $4,277 $140,000 $35,500 $104,500
Source: Public Records

Agents Affiliated with this Home

  • Sheetal Patel

    Seller's Agent in 2024

    Sheetal Patel

    Keller Williams Realty - Washington Township

    (856) 776-8421

    42 Total Sales

    Sheetal Patel
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Map

Source: Bright MLS

MLS Number: NJAC2012622

Bright MLS

APN: 10-02302-0000-00009

New Jersey Atlantic County Hammonton 08037

1004 Black Horse Pike, Hammonton, NJ

This home is located at 1004 Black Horse Pike, Hammonton, NJ 08037 since 30 May 2024 and is currently estimated at $381,715, approximately $149 per square foot. This property was built in 1987. 1004 Black Horse Pike is a home located in Atlantic County with nearby schools including Folsom Elementary School, St Joseph Regional Elementary School, and St Joseph Regional High School.

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