NOT LISTED FOR SALE

1068 W Summer Rd Minotola, NJ 08341

Estimated Value: $162,000 - $250,000

2 Beds
1 Bath
1,004 Sq Ft
$210/Sq Ft Est. Value

Last Sold August 17, 2022

Last sale price $115,500 $115 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $1,536/month

9 Days on Market

Highlights

  • Rambler Architecture
  • No HOA
  • Radiator

About This Home

As of August 2022

Opportunity knocks! Single Family Home featuring approximately 1,004 square feet of living space with 2
bedrooms and 1 bathroom. This home has tons of potential, just bring your contractor and your imagination! Property is being sold "AS-IS" without contingencies, repairs, warranties, guarantees or representation as to listing accuracy, property information, photo or other depiction included or described herein. Seller makes no guarantees about property's condition, room count or other physical characteristics nor does seller guarantee accuracy as to whether property is on public sewer or private septic. Buyer pays bid deposit at time of offer & premium at closing. Buyers/agents are responsible to perform their own due diligence PRIOR to bidding. REO PROPERTY SOLD AS-IS w/NO REPAIRS, CONTINGENCIES OR WARRANTIES.

Last Agent to Sell the Property

Kristin Palmisano

REALHome Services and Solutions, Inc. Listed on: 07/20/2022

Last Buyer's Agent

Paula Heulings

Keller Williams Prime Realty

Keller Williams Prime Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,124

Year Built

  • Built in 1920

Lot Details

  • 0.91 Acre Lot

Parking

  • Driveway

Home Design

  • Rambler Architecture
  • Block Foundation
  • Frame Construction

Interior Spaces

  • 1,004 Sq Ft Home
  • Property has 1 Level
  • Unfinished Basement

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Radiator
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00031
  • Assessor Parcel Number 04-00126-00031

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,124

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Remarks Public: Opportunity knocks! Single Family Home featuring approximately 1,004 square feet of living space with 2 bedrooms and 1 bathroom. This home has tons of potential, just bring your contractor and your imagination! Property is being sold "AS-IS" without contingencies, repairs, warranties, guarantees or representation as to listing accuracy, property information, photo or other depiction included or described herein. Seller makes no guarantees about property's condition, room count or other physical characteristics nor does seller guarantee accuracy as to whether property is on public sewer or private septic. Buyer pays bid deposit at time of offer & premium at closing. Buyers/agents are responsible to perform their own due diligence PRIOR to bidding. REO PROPERTY SOLD AS-IS w/NO REPAIRS, CONTINGENCIES OR WARRANTIES.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Foundation Details: Block
  • Levels Count: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1004
  • Living Area Sq Ft: 1004
  • Price Per Sq Ft: 105.58
  • Above Grade Finished Sq Ft: 1004
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1068

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • 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: No
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: BUENA REGIONAL SCHOOLS
  • School District Key: 300200396908
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 58700.00
  • Land Assessed Value: 70000.00
  • Lot Size Acres: 0.91
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 39640.00
  • Year Assessed: 2021
  • Zoning: RESIDENTIAL

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3319972
  • Tax Annual Amount: 4124.00
  • Assessor Parcel Number: 04-00126-00031
  • Tax Lot: 00031
  • Tax Total Finished Sq Ft: 1004
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 08/17/2022

MLS Schools

  • School District Name: BUENA REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2022
Closed on
Aug 16, 2022
Sold by
Residential Accredit Loans Inc Mortgage
Bought by
Wirth Kristen and Ocasio Justin
Seller's Agent
Kristin Palmisano
REALHome Services and Solutions, Inc.
Buyer's Agent
Paula Heulings
Keller Williams Prime Realty
List Price
$106,000
Sold Price
$115,500
Premium/Discount to List
$9,500
8.96%
Current Estimated Value
$211,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,748
Avg. Annual Appreciation
23.32%

Purchase Details

Closed on
Dec 21, 2021
Sold by
Undersheriff Of The County Of Atlantic
Bought by
Deutsche Bank Trust Company Americas and Residential Accredit Loans Inc Mortgage Asset-Backed Pass-Th

Purchase Details

Closed on
Nov 30, 2006
Sold by
Aretz Shawn
Bought by
Joseph Dralle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 15, 2003
Sold by
Frandino John
Bought by
Aretz Shawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,900
Interest Rate
6.22%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 9, 2002
Sold by
Schoppel Charles J and Schoppel James C
Bought by
Frandino John and Frandino Margaret M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.79%
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
Wirth Kristen $115,500 --
Deutsche Bank Trust Company Americas $137,428 Keenan Frank J
Joseph Dralle $175,000 --
Aretz Shawn $126,900 --
Aretz Shawn A $126,900 Beacon Title Services Inc
Frandino John $60,000 Landis Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ocasio Justin $35,000
Closed Wirth Kristen A $10,565
Previous Owner Joseph Dralle $140,000
Previous Owner Aretz Shawn A $153,000
Previous Owner Aretz Shawn A $126,900
Previous Owner Frandino John $35,000
Previous Owner Frandino John $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2022 08/17/22 Sold $115,500 +9.0% $115 / Sq Ft
07/29/2022 07/29/22 Pending -- -- --
07/20/2022 07/20/22 For Sale $106,000 -- $106 / 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 $4,427 $128,700 $70,000 $58,700
2023 $4,317 $128,700 $70,000 $58,700
2022 $4,317 $128,700 $70,000 $58,700
2021 $4,125 $128,700 $70,000 $58,700
2020 $4,266 $128,700 $70,000 $58,700
2019 $4,193 $128,700 $70,000 $58,700
2018 $4,187 $128,700 $70,000 $58,700
2017 $4,136 $128,700 $70,000 $58,700
2016 $3,928 $128,700 $70,000 $58,700
2015 $3,767 $128,700 $70,000 $58,700
2014 $3,602 $128,700 $70,000 $58,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJAC2005070

Bright MLS

APN: 04-00126-0000-00031