NOT LISTED FOR SALE

109 Loretto St New Brunswick, NJ 08901

Estimated Value: $650,450 - $838,000

14 Beds
5 Baths
-- Sq Ft
6,098 Sq Ft Lot

Last Sold October 30, 2020

Last sale price $584,288

Est. 21% increase in value since last sale

Current estimated payment $4,655/month

14 Days on Market

Highlights

  • 0.14 Acre Lot
  • Double-Wide Driveway
  • Forced Air Zoned Heating and Cooling System
  • Wood Flooring
  • 2 Car Detached Garage
  • 4-minute walk to New Brunswick Recreation

About This Home

As of October 2020

Great investment property for big 2 families house, possible convert to 3 family (buyers responsible for the variance). Building has total 8 bedrooms & 5 full baths. 3 bedrooms with 2 full baths each floor, big living/dinning room, big kitchen, fully renovated basement with 2 bedrooms and bath, large window each room. All separate entrance. Long term tenant on the 1st fl. rent is $2050, 2nd floor is $1730. One of the tenant willing to pay extra $1650 for the basement.3 years old roof, 4 years old air conditions and electrical. 2 cars detached garage with extra 6 parking spaces. Pay Laundry in the basement, separate entrance.

Last Agent to Sell the Property

Maria Tarabocchia

Diane Turton, Realtors-Holmdel License #1753020 Listed on: 08/06/2020

Co-Listed By

Sauling Lee

Diane Turton, Realtors-Holmdel License #0124593

Last Buyer's Agent

Maria Tarabocchia

Diane Turton, Realtors-Rumson License #1753020

Diane Turton, Realtors-Rumson

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,860

Year Built

  • Built in 1900

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 63 x 100

Parking

  • 2 Car Detached Garage
  • Double-Wide Driveway

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 3-Story Property
  • Wood Flooring

Kitchen

  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 5 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

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

Community Details

  • 109 Units

Listing and Financial Details

  • Tenant pays for yard maintenance, snow removal, heat, gas, electricity
  • Assessor Parcel Number 13-00340-0000-00025-01

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,860

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Co List Office Mls Id: 3423
  • Co List Office Phone: 732-946-0600
  • Subdivision Name: None
  • Reso Flooring: Wood
  • Year Built: 1900
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 63 x 100
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • SidingBrick: Yes
  • Parking Double Wide: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 2 Furnace2: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 2 Gas Stove2: Yes
  • Special Features: None

Interior Features

  • Basement: Walk-Out Access, Other, Full Finished
  • Basement: Yes
  • Full Bathrooms: 5
  • Total Bedrooms: 14
  • Stories: 3
  • Basement:Walk-Out Access: Yes
  • BasementOther: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.14
  • Waterfront: No
  • Construction Type: Brick

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Double Wide, Detached
  • General Property Info:Garage: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: 2 Zoned AC
  • Cooling Y N: Yes
  • Heating: Forced Air, 2 Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Lot Info

  • Lot Dimensions: 63 x 100
  • Lot Size Sq Ft: 6098.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 13-00340-0000-00025-01
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Yard Maintenance, Snow Removal, Heat, Gas, Electricity

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 7860.0
  • Tax Other Annual Assessment Amount: 324400.0

Multi Family

  • Number Of Units Total: 109

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2020
Closed on
Oct 29, 2020
Sold by
Alda Realty Llc
Bought by
Dhakal Pragatee
Seller's Agent
Maria Tarabocchia
Diane Turton, Realtors-Holmdel
Buyer's Agent
Maria Tarabocchia
Diane Turton, Realtors-Rumson
List Price
$615,000
Sold Price
$584,288
Premium/Discount to List
-$30,712
-4.99%
Total Days on Market
14
Current Estimated Value
$706,863

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,575
Avg. Annual Appreciation
4.22%
Original Mortgage
$438,216
Outstanding Balance
$327,677
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$379,186

Purchase Details

Closed on
Apr 24, 2012
Sold by
Motaleb Mohammad and Rajia Sultana
Bought by
Alda Realty Llc

Purchase Details

Closed on
Aug 29, 2002
Sold by
Lee William
Bought by
Motaleb Mohammad and Rajia Sultana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.16%
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
Dhakal Pragatee $584,288 Surety Ttl Agcy Coastal Regi
Alda Realty Llc $268,000 Mystic Title Agency
Motaleb Mohammad $275,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dhakal Pragatee $438,216
Previous Owner Motaleb Mohammad $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2020 10/30/20 Sold $584,288 -5.0% --
08/21/2020 08/21/20 Pending -- -- --
08/06/2020 08/06/20 For Sale $615,000 -- --
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
2024 $8,249 $324,400 $113,500 $210,900
2023 $8,249 $324,400 $113,500 $210,900
2022 $8,074 $324,400 $113,500 $210,900
2021 $8,042 $324,400 $113,500 $210,900
2020 $8,013 $324,400 $113,500 $210,900
2019 $7,860 $324,400 $113,500 $210,900
2018 $7,682 $324,400 $113,500 $210,900
2017 $7,377 $324,400 $113,500 $210,900
2016 $9,884 $168,500 $35,200 $133,300
2015 $9,648 $168,500 $35,200 $133,300
2014 $9,476 $168,500 $35,200 $133,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22027154

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 13-00340-0000-00025-01