NOT LISTED FOR SALE

108 Gainsboro Rd Lawrence Township, NJ 08648

Estimated Value: $523,000 - $622,000

5 Beds
4 Baths
2,429 Sq Ft
$245/Sq Ft Est. Value

Last Sold March 03, 2023

Last sale price $380,000 $156 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $4,113/month

129 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • 1 Car Attached Garage
  • Lawrence High School Rated A-
  • Corner Lot
  • Forced Air Heating and Cooling System

About This Home

As of March 2023

2-apartment brick rancher with 2-bedroom and 3-bedroom units on wooded corner lot being sold AS IS. Unit #1: 3BR apt. (2270 SF)-3 BR, 3 baths, large eat-in kitchen, rec room, washer/dryer, shared deck/garage storage. Unit #2: 2Br apt. (1170 SF)-2 BR, 1 bath, large eat-in kitchen, washer/dryer, living room, shared garage storage. Legal, township-registered 2-family rental property with separate meters, hot air gas-fired heat and central A/C. Apartments have hardwood floors, ceiling fans, w/w carpet, ceramic tile, cable TV-wired. Nice residential neighborhood, convenient to shopping, houses of worship and transportation systems. Easy access to Rt. 206, Rt. 1, I-95 and I-295 and the Lawrence Twp. Middle School and High School.

Last Agent to Sell the Property

Joseph Ridolfi

Joseph R. Ridolfi & Associates License #7819144 Listed on: 09/19/2022

Last Buyer's Agent

Joseph Ridolfi

Joseph R. Ridolfi & Associates License #7819144 Listed on: 09/19/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,809

Year Built

  • Built in 1960

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 102.76 x 140
  • Corner Lot

Parking

  • 1 Car Attached Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 2,429 Sq Ft Home
  • 1-Story Property
  • Dishwasher
  • Finished Basement

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 07-02401-0000-00017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,809

Year Built

Built in 1960

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • ResoLotFeatures: Corner Lot
  • Subdivision Name: None
  • Reso Flooring: Wood, See Remarks, Ceramic Tile
  • New Construction: No
  • Year Built: 1960
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 102.76 x 140
  • Lot Description Corner Lot: Yes
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • ExteriorDeck: Yes
  • SidingBrick: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Washer2: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Washer3: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Special Features: None

Interior Features

  • Basement: Finished
  • Basement: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Stories: 1
  • Basement Finished: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.33
  • Waterfront: No
  • Construction Type: Brick
  • Exterior Features: Deck

Garage/Parking

  • Garage: Yes
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Off Street
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Lot Info

  • Lot Dimensions: 102.76 x 140
  • Lot Size Sq Ft: 14374.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 07-02401-0000-00017
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 9809.0
  • Tax Other Annual Assessment Amount: 338000.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2022
Closed on
Dec 27, 2022
Sold by
Braun Stephen R
Bought by
Sarmiento Mario Alfonso Rive and Rivera Fernanda
Seller's Agent
Joseph Ridolfi
Joseph R Ridolfi & Associates LLC
Buyer's Agent
Joseph Ridolfi
Joseph R Ridolfi & Associates LLC
List Price
$379,900
Sold Price
$380,000
Premium/Discount to List
$100
0.03%
Views
88
Current Estimated Value
$594,680

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$214,680
Avg. Annual Appreciation
17.51%
Original Mortgage
$285,000
Outstanding Balance
$277,295
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$303,612

Purchase Details

Closed on
Sep 30, 2004
Sold by
Olender Janet
Bought by
Braun Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,625
Interest Rate
5.8%

Purchase Details

Closed on
Jul 23, 1999
Sold by
Lucchesi Frank
Bought by
Olender Janet

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
7.6%
Source: Public Records

Range of Values:

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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
Sarmiento Mario Alfonso Rive $380,000 Wfg National Title
Braun Stephen $379,500 --
Olender Janet $209,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sarmiento Mario Alfonso Rive $285,000
Previous Owner Braun Stephen $284,625
Previous Owner Olender Janet $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2023 03/03/23 Sold $380,000 0.0% $156 / Sq Ft
12/16/2022 12/16/22 For Sale $379,900 0.0% $156 / Sq Ft
10/08/2022 10/08/22 Pending -- -- --
09/19/2022 09/19/22 Price Changed $379,900 0.0% $156 / Sq Ft
09/19/2022 09/19/22 For Sale $379,900 0.0% $156 / Sq Ft
07/16/2022 07/16/22 Off Market $380,000 -- --
05/31/2022 05/31/22 For Sale $369,900 -- $152 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $10,471 $338,000 $85,400 $252,600
2024 $10,262 $338,000 $85,400 $252,600
2023 $10,262 $338,000 $85,400 $252,600
2022 $10,076 $338,000 $85,400 $252,600
2021 $9,947 $338,000 $85,400 $252,600
2020 $9,809 $338,000 $85,400 $252,600
2019 $9,684 $338,000 $85,400 $252,600
2018 $9,464 $338,000 $85,400 $252,600
2017 $9,420 $338,000 $85,400 $252,600
2016 $9,281 $338,000 $85,400 $252,600
2015 $9,025 $338,000 $85,400 $252,600
2014 $8,856 $338,000 $85,400 $252,600
Source: Public Records

Agents Affiliated with this Home

  • Joseph Ridolfi

    Seller's Agent in 2023

    Joseph Ridolfi

    Joseph R. Ridolfi & Associates

    (609) 581-4848

    4 in this area

    44 Total Sales

    Joseph Ridolfi
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22216579

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 07-02401-0000-00017

New Jersey Mercer County Lawrence Township Cumberland

108 Gainsboro Rd, Lawrence Township Cumberland, NJ

This home is located at 108 Gainsboro Rd, Lawrence Township, NJ 08648 since 19 September 2022 and is currently estimated at $594,680, approximately $244 per square foot. This property was built in 1960. 108 Gainsboro Rd is a home located in Mercer County with nearby schools including Lawrence High School and Paul Robeson Charter School For The Humanities.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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