1016 W 3rd St Florence, NJ 08518
--
Bed
--
Bath
2,063
Sq Ft
3,450
Sq Ft Lot
About This Home
As of August 2024Welcome to your next investment opportunity in Florence, NJ! This duplex presents a prime chance to capitalize on rental income and property appreciation. The first-floor unit offers an oversized 1 bedroom, 1 bathroom layout with a finished basement, perfect for immediate occupancy or rental. Meanwhile, the second-floor unit, with 2 bedrooms and 1 bathroom, is currently tenant-occupied, generating $1600 per month and expressing interest in a continued lease. Both units are updated and turnkey ready, promising low maintenance and high tenant satisfaction. With potential total rental income reaching $3400 per month and the added benefit of low taxes, this property stands as a solid investment choice. Located in a community renowned for its pride and convenience to public transportation, this duplex is a lucrative addition to any portfolio. Don't hesitate—seize this opportunity to secure your foothold in the flourishing Florence real estate market. Schedule your viewing today!
Last Agent to Sell the Property
Century 21 Veterans-Newtown License #RS307403 Listed on: 04/19/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,657
Year Built
- Built in 1910
Lot Details
- 3,450 Sq Ft Lot
- Property is in good condition
Home Design
- Duplex
- Block Foundation
- Frame Construction
Laundry
- Dryer
- Washer
Parking
- 2 Parking Spaces
- 2 Driveway Spaces
- On-Street Parking
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Natural Gas Water Heater
Additional Features
- Gas Oven or Range
- Suburban Location
- Finished Basement
Community Details
- 2 Units
- 1 Vacant Unit
Listing and Financial Details
- Tax Lot 00001
- Assessor Parcel Number 15-00003-00001
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 19, 2024
Closed on
Aug 23, 2024
Sold by
Williams Micah
Bought by
Reyes Marta Alejandra
Seller's Agent
Melanie Elliott
Century 21 Veterans-Newtown
Buyer's Agent
Rosemarie Jenkins
Vylla Home
List Price
$325,000
Sold Price
$350,000
Premium/Discount to List
$25,000
7.69%
Views
41
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,482
Avg. Annual Appreciation
2.89%
Original Mortgage
$280,000
Outstanding Balance
$276,046
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$83,571
Purchase Details
Listed on
Jun 25, 2022
Closed on
Sep 22, 2022
Sold by
Lawrence Frank E and Lawrence Ana H
Bought by
Williams Micah
Seller's Agent
Mike Gerstnicker
BHHS Fox & Roach - Robbinsville
Buyer's Agent
Anita Toney
HomeSmart First Advantage Realty
List Price
$225,000
Sold Price
$225,000
Views
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
25.58%
Original Mortgage
$220,924
Interest Rate
5.66%
Mortgage Type
FHA
Purchase Details
Closed on
May 26, 2005
Sold by
Wells Charles E and Wells Jennifer L
Bought by
Lawrence Frank E and Cruz Lawrence Anna H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,000
Interest Rate
5.82%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Nov 21, 2001
Sold by
Ginglen Richard C and Ginglen Lesley A
Bought by
Wells Charles E and Wells Jennifer L
Similar Home in Florence, NJ
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $350,000 | Vylla Title | |
| Deed | $225,000 | National Integrity | |
| Bargain Sale Deed | $130,000 | Weichert Title Agency | |
| Deed | $65,000 | Fidelity National Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $280,000 | New Conventional | |
| Previous Owner | $220,924 | FHA | |
| Previous Owner | $123,200 | Commercial | |
| Previous Owner | $26,000 | Stand Alone Second |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/30/2024 08/30/24 | Sold | $350,000 | +7.7% | $170 / Sq Ft |
| 07/15/2024 07/15/24 | Pending | -- | -- | -- |
| 07/10/2024 07/10/24 | For Sale | $325,000 | 0.0% | $158 / Sq Ft |
| 04/22/2024 04/22/24 | Pending | -- | -- | -- |
| 04/19/2024 04/19/24 | For Sale | $325,000 | +44.4% | $158 / Sq Ft |
| 09/22/2022 09/22/22 | Sold | $225,000 | 0.0% | $131 / Sq Ft |
| 08/09/2022 08/09/22 | Pending | -- | -- | -- |
| 08/01/2022 08/01/22 | For Sale | $225,000 | 0.0% | $131 / Sq Ft |
| 07/06/2022 07/06/22 | Pending | -- | -- | -- |
| 06/25/2022 06/25/22 | For Sale | $225,000 | -- | $131 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $4,521 | $181,500 | $38,400 | $143,100 |
| 2024 | $3,658 | $162,200 | $38,400 | $123,800 |
| 2023 | $3,658 | $137,100 | $38,400 | $98,700 |
| 2022 | $3,580 | $137,100 | $38,400 | $98,700 |
| 2021 | $3,548 | $137,100 | $38,400 | $98,700 |
| 2020 | $3,534 | $137,100 | $38,400 | $98,700 |
| 2019 | $3,503 | $137,100 | $38,400 | $98,700 |
| 2018 | $3,473 | $137,100 | $38,400 | $98,700 |
| 2017 | $3,430 | $137,100 | $38,400 | $98,700 |
| 2016 | $3,364 | $137,100 | $38,400 | $98,700 |
| 2015 | $3,640 | $151,400 | $42,700 | $108,700 |
| 2014 | $3,538 | $151,400 | $42,700 | $108,700 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2024
Melanie Elliott
Century 21 Veterans-Newtown
(267) 243-8939
4 in this area
99 Total Sales
-
R
Buyer's Agent in 2024
Rosemarie Jenkins
Vylla Home
(609) 496-8221
1 in this area
35 Total Sales
-
Seller's Agent in 2022
Mike Gerstnicker
BHHS Fox & Roach
(609) 306-3772
7 in this area
162 Total Sales
-
Buyer's Agent in 2022
Anita Toney
HomeSmart First Advantage Realty
(856) 379-5094
1 in this area
36 Total Sales
Map
Source: Bright MLS
MLS Number: NJBL2063876
APN: 15-00003-0000-00001
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