NOT LISTED FOR SALE

108 W Adams St Paulsboro, NJ 08066

Estimated Value: $204,000 - $245,000

-- Bed
-- Bath
1,936 Sq Ft
$112/Sq Ft Est. Value

Last Sold August 07, 2024

Last sale price $195,000 $101 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,531/month

68 Days on Market

About This Home

As of August 2024

Back on the market! Buyer could not qualify for financing, their loss your gain! Prime Investment Opportunity in Paulsboro! This side-by-side duplex presents a solid chance to capitalize on the growing potential of this up and coming area. Each unit offers 2 bedrooms and 1 bathroom, providing comfortable living spaces for tenants. Currently, one unit is leased at $1200 per month, while the other brings in $1250 per month, resulting in a total monthly revenue of $2450. With reliable tenants and low taxes, this property guarantees a steady income stream. Plus, with Paulsboro on the rise, there's ample room for appreciation. Showings available with 24 hours notice. Units are 108 & 110 W Adams St both included in the sale.

Last Agent to Sell the Property

Melanie Elliott

Century 21 Veterans-Newtown License #RS307403 Listed on: 04/19/2024

Century 21 Veterans-Newtown

Last Buyer's Agent

Shelby Morgan

Morgan Capital Real Estate License #1865038

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,505

Year Built

  • Built in 1920

Lot Details

  • 4,557 Sq Ft Lot
  • Lot Dimensions are 49.00 x 93.00
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • 1,936 Sq Ft Home
  • Duplex
  • A-Frame Home
  • Slab Foundation
  • Frame Construction

Kitchen

  • Gas Oven or Range

Utilities

  • Forced Air Heating System
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 00002
  • Assessor Parcel Number 14-00078-00002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,505

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: A-Frame
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Remarks Public: Back on the market! Buyer could not qualify for financing, their loss your gain! Prime Investment Opportunity in Paulsboro! This side-by-side duplex presents a solid chance to capitalize on the growing potential of this up and coming area. Each unit offers 2 bedrooms and 1 bathroom, providing comfortable living spaces for tenants. Currently, one unit is leased at $1200 per month, while the other brings in $1250 per month, resulting in a total monthly revenue of $2450. With reliable tenants and low taxes, this property guarantees a steady income stream. Plus, with Paulsboro on the rise, there's ample room for appreciation. Showings available with 24 hours notice. Units are 108 & 110 W Adams St both included in the sale.
  • Special Features: None

Interior Features

  • Appliances: Oven/Range - Gas, Refrigerator
  • Fireplace: No
  • Foundation Details: Slab
  • Total Sq Ft: 1936
  • Living Area Sq Ft: 1936
  • Price Per Sq Ft: 100.72
  • Above Grade Finished Sq Ft: 1936
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 108

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: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: PAULSBORO PUBLIC SCHOOLS
  • School District Key: 300200397138
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.10
  • Lot Dimensions: 49.00 x 93.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4557.00
  • Property Condition: Good, Average
  • Year Assessed: 2023
  • Zoning: MULTI

Rental Info

  • Existing Lease Type: Yearly
  • Rent Control: No
  • Total Actual Rent: 29400.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 4505.00
  • Assessor Parcel Number: 14-00078-00002
  • Tax Lot: 00002
  • Tax Total Finished Sq Ft: 1936
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 08/07/2024

MLS Schools

  • School District Name: PAULSBORO PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2024
Closed on
Aug 2, 2024
Sold by
Williams Micah
Bought by
Morgan Michael
Seller's Agent
Melanie Elliott
Century 21 Veterans-Newtown
Buyer's Agent
Shelby Morgan
Morgan Capital Real Estate
List Price
$190,000
Sold Price
$195,000
Premium/Discount to List
$5,000
2.63%
Views
69
Current Estimated Value
$216,841

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,841
Avg. Annual Appreciation
10.04%
Original Mortgage
$191,468
Outstanding Balance
$189,297
Interest Rate
6.86%
Mortgage Type
FHA
Estimated Equity
$27,544

Purchase Details

Listed on
Dec 26, 2019
Closed on
Apr 27, 2020
Sold by
Goodman John P
Bought by
Williams Micah
Seller's Agent
William B. Spinner
Real Broker, LLC
Buyer's Agent
Luther Owens
EXP Realty, LLC
List Price
$98,000
Sold Price
$100,000
Premium/Discount to List
$2,000
2.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.84%
Original Mortgage
$898,188
Interest Rate
3.3%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 14, 2004
Sold by
Ingraldi Barnett and Ingraldi Darlene
Bought by
Goodman John P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,800
Interest Rate
5.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 24, 1999
Sold by
Gall Woodrow W and Gall Clara V
Bought by
Ingraldi Barnett and Ingraldi Darlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
7.73%
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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Morgan Michael $195,000 None Listed On Document
Morgan Michael $195,000 None Listed On Document
Williams Micah $100,000 Sjs Title Llc
Goodman John P $72,000 Surety Title
Ingraldi Barnett $60,000 Congress Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morgan Michael $191,468
Closed Morgan Michael $191,468
Previous Owner Williams Micah $120,000
Previous Owner Williams Micah $898,188
Previous Owner Goodman John P $58,215
Previous Owner Goodman John P $64,800
Previous Owner Ingraldi Barnett $54,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2024 08/07/24 Sold $195,000 0.0% $101 / Sq Ft
05/06/2024 05/06/24 Price Changed $195,000 +2.6% $101 / Sq Ft
04/19/2024 04/19/24 For Sale $190,000 +90.0% $98 / Sq Ft
04/24/2020 04/24/20 Sold $100,000 +2.0% $52 / Sq Ft
03/08/2020 03/08/20 Pending -- -- --
02/12/2020 02/12/20 For Sale $98,000 0.0% $51 / Sq Ft
01/06/2020 01/06/20 Pending -- -- --
12/26/2019 12/26/19 For Sale $98,000 -- $51 / 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 $4,510 $102,500 $12,600 $89,900
2024 $4,506 $102,500 $12,600 $89,900
2023 $4,506 $102,500 $12,600 $89,900
2022 $4,424 $102,500 $12,600 $89,900
2021 $4,338 $102,500 $12,600 $89,900
2020 $4,311 $102,500 $12,600 $89,900
2019 $4,176 $102,500 $12,600 $89,900
2018 $3,937 $102,500 $12,600 $89,900
2017 $3,921 $102,500 $12,600 $89,900
2016 $3,735 $102,500 $12,600 $89,900
2015 $3,714 $102,500 $12,600 $89,900
2014 $3,776 $112,100 $16,600 $95,500
Source: Public Records

Agents Affiliated with this Home

  • Melanie Elliott

    Seller's Agent in 2024

    Melanie Elliott

    Century 21 Veterans-Newtown

    (267) 243-8939

    5 in this area

    97 Total Sales

    Melanie Elliott
    Section Image
  • Shelby Morgan

    Buyer's Agent in 2024

    Shelby Morgan

    Morgan Capital Real Estate

    (609) 727-5458

    2 in this area

    91 Total Sales

    Shelby Morgan
    Section Image
  • William B. Spinner

    Seller's Agent in 2020

    William B. Spinner

    Real Broker, LLC

    (855) 450-0442

    1 in this area

    71 Total Sales

    William B. Spinner
    Section Image
  • Luther Owens

    Buyer's Agent in 2020

    Luther Owens

    EXP Realty, LLC

    (609) 670-2244

    18 Total Sales

    Luther Owens
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: NJGL2041594

Bright MLS

APN: 14-00078-0000-00002

New Jersey Gloucester County Paulsboro 08066

108 W Adams St, Paulsboro, NJ

This home is located at 108 W Adams St, Paulsboro, NJ 08066 since 19 April 2024 and is currently estimated at $216,841, approximately $112 per square foot. This property was built in 1920. 108 W Adams St is a home located in Gloucester County with nearby schools including Billingsport Elementary School, Loudenslager Elementary School, and Paulsboro High School.

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.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes