NOT LISTED FOR SALE

1071 W Route 40 Penns Grove, NJ 08069

-- Bed
-- Bath
-- Sq Ft
2.7 Acres

About This Home

This home is located at 1071 W Route 40, Penns Grove, NJ 08069. 1071 W Route 40 is a home located in Salem County with nearby schools including Lafayette-Pershing Elementary School, Field Street Elementary School, and Paul W. Carleton Elementary School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2023
Sold by
Lapps Olympia Dairy Bar Llc
Bought by
Cp Land North Urban Renewal Llc

Purchase Details

Closed on
May 19, 2010
Sold by
The Bank
Bought by
Lapps Olympia Dairy Bar Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,000
Interest Rate
5.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 15, 2009
Sold by
Independence Realty Group Llc
Bought by
The Bank

Purchase Details

Closed on
Apr 6, 2005
Sold by
Olympia Dairy Bar & Diner and Drimones Henry
Bought by
Drimones Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
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
Cp Land North Urban Renewal Llc -- First American Title
Cp Land North Urban Renewal Llc $900,000 First American Title
Lapps Olympia Dairy Bar Llc $400,000 --
The Bank $698,911 --
Drimones Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lapps Olympia Dairy Bar Llc $22,000
Previous Owner Lapps Olympia Dairy Bar Llc $445,000
Previous Owner Lapps Olympia Dairy Bar Llc $85,000
Source: Public Records

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 $566 $15,900 $15,900 $0
2023 $566 $15,900 $15,900 $0
2022 $533 $15,900 $15,900 $0
2021 $528 $15,900 $15,900 $0
2020 $532 $15,900 $15,900 $0
2019 $537 $15,900 $15,900 $0
2018 $516 $16,400 $16,400 $0
2017 $482 $16,400 $16,400 $0
2016 $464 $16,400 $16,400 $0
2015 $442 $16,400 $16,400 $0
2014 $419 $16,400 $16,400 $0
Source: Public Records

Map

New Jersey Salem County Penns Grove 08069

1071 W Route 40, Penns Grove, NJ

This home is located at 1071 W Route 40, Penns Grove, NJ 08069. 1071 W Route 40 is a home located in Salem County with nearby schools including Lafayette-Pershing Elementary School, Field Street Elementary School, and Paul W. Carleton Elementary School.

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