NOT LISTED FOR SALE

11 Lexington Ave Merchantville, NJ 08109

Estimated Value: $328,474 - $396,000

-- Bed
-- Bath
2,306 Sq Ft
$153/Sq Ft Est. Value

Last Sold November 19, 2021

Last sale price $251,000 $109 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $2,694/month

18 Days on Market

Highlights

  • Victorian Architecture
  • Hot Water Heating System
  • Replacement Windows

About This Home

As of November 2021

Great investment duplex in the heart of Merchantville. Victorian twin with front porch and lots of character, located on a quiet, tree-lined street. Half a block from the Merchantville bike path and walking distance to the Merchantville farmers market and the commercial center of town. The charming first-floor 1 bedroom/1 bath apartment has original details including hardwood floors, stained glass window, and 10-foot ceilings. French doors separate a room off the living room perfect for an office, extra living space, and/or guest bedroom. Spacious main bedroom and ample closets throughout the apartment. Large eat-in-kitchen and recently updated bathroom. The first floor also has basement laundry. This unit is rented for $1,050 per month. The spacious second- and third-floor apartment has original Victorian details including entry doors, stair baluster, and 10-foot ceilings. Large living spaces on each floor of the apartment and lots of natural light. 5 good-sized bedrooms, 1 bath. This unit is rented for $1,450 per month. Great tenants in both units. First-floor tenant is month-to-month. Upstairs tenants have a two-year lease ending May 31, 2023, and would love to stay beyond that. Tenants pay all utilities except for local sewer. Includes off-street parking (currently used by first floor apartment) and shared front and back yard space. Students attend Haddon Heights High School. Easy access to Rt 130, Rt. 70, and Rt 38. Photos taken prior to tenants moving in. Property is being sold as-is, but seller will complete CO.

Last Agent to Sell the Property

Eileen Rojas

EXP Realty, LLC Listed on: 09/19/2021

EXP Realty, LLC

Last Buyer's Agent

Dominic Natale

Keystone State Properties Group - NJ License #7817947

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,279

Year Built

  • Built in 1900

Lot Details

  • 6,760 Sq Ft Lot
  • Lot Dimensions are 40.00 x 169.00

Parking

  • Driveway

Home Design

  • Duplex
  • Victorian Architecture
  • Stone Foundation
  • Frame Construction
  • Pitched Roof

Interior Spaces

  • 2,306 Sq Ft Home
  • Replacement Windows
  • Basement Fills Entire Space Under The House

Schools

  • Merchantville Elementary School
  • Haddon Heights High School

Utilities

  • Hot Water Heating System
  • Natural Gas Water Heater

Community Details

  • The Oaks Subdivision
  • Income includes apartment rentals

Listing and Financial Details

  • Tax Lot 00004
  • Assessor Parcel Number 24-00019-00004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,279

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Victorian
  • Ownership: Fee Simple
  • Exclusions: Tenants' possessions, including second-floor fridge.
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: Yes
  • Remarks Public: Great investment duplex in the heart of Merchantville. Victorian twin with front porch and lots of character, located on a quiet, tree-lined street. Half a block from the Merchantville bike path and walking distance to the Merchantville farmers market and the commercial center of town. The charming first-floor 1 bedroom/1 bath apartment has original details including hardwood floors, stained glass window, and 10-foot ceilings. French doors separate a room off the living room perfect for an office, extra living space, and/or guest bedroom. Spacious main bedroom and ample closets throughout the apartment. Large eat-in-kitchen and recently updated bathroom. The first floor also has basement laundry. This unit is rented for $1,050 per month. The spacious second- and third-floor apartment has original Victorian details including entry doors, stair baluster, and 10-foot ceilings. Large living spaces on each floor of the apartment and lots of natural light. 5 good-sized bedrooms, 1 bath. This unit is rented for $1,450 per month. Great tenants in both units. First-floor tenant is month-to-month. Upstairs tenants have a two-year lease ending May 31, 2023, and would love to stay beyond that. Tenants pay all utilities except for local sewer. Includes off-street parking (currently used by first floor apartment) and shared front and back yard space. Students attend Haddon Heights High School. Easy access to Rt 130, Rt. 70, and Rt 38. Photos taken prior to tenants moving in. Property is being sold as-is, but seller will complete CO.
  • Special Features: None

Interior Features

  • Window Features: Replacement
  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2306
  • Living Area Sq Ft: 2306
  • Price Per Sq Ft: 112.32
  • Above Grade Finished Sq Ft: 2306
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 11

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Roof: Pitched
  • 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: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: MERCHANTVILLE PUBLIC SCHOOLS
  • Elementary School: MERCHANTVILLE
  • High School: HADDON HEIGHTS H.S.
  • Elementary School Source: 3rd Party
  • High School Source: Listing Agent
  • School District Key: 300200396996
  • School District Source: 3rd Party
  • Elementary School: MERCHANTVILLE
  • High School: HADDON HEIGHTS H.S.

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 120800.00
  • Land Assessed Value: 54200.00
  • Lot Size Acres: 0.16
  • Lot Dimensions: 40.00 x 169.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6760.00
  • Year Assessed: 2020
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Month To Month, Long Term
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 1
  • Rent Control: No
  • Total Actual Rent: 30000.00
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1899167
  • Tax Annual Amount: 8279.00
  • Assessor Parcel Number: 24-00019-00004
  • Tax Lot: 00004
  • Tax Total Finished Sq Ft: 2306
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 11/19/2021

MLS Schools

  • School District Name: MERCHANTVILLE PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 6, 2024
Sold by
Jna Properties Llc
Bought by
Yuritch Clare
Current Estimated Value
$351,869

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,250
Outstanding Balance
$218,192
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$116,541

Purchase Details

Listed on
Sep 19, 2021
Closed on
Nov 19, 2021
Sold by
Anthony Lopez
Bought by
Fierro Jon and Fierro Yesenia
Seller's Agent
Eileen Rojas
EXP Realty, LLC
Buyer's Agent
Dominic Natale
Keystone State Properties Group - NJ
List Price
$259,000
Sold Price
$251,000
Premium/Discount to List
-$8,000
-3.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.96%

Purchase Details

Listed on
Aug 26, 2013
Closed on
Dec 6, 2013
Sold by
Berger Bethanne M and Costa Jill A
Bought by
Rojas Eileen and Lopez Anthony
Seller's Agent
BobJuillet@gmail.com
BHHS Fox & Roach-Medford
Buyer's Agent
Candace Lowden
Century 21 Alliance-Cherry Hill
List Price
$175,000
Sold Price
$131,500
Premium/Discount to List
-$43,500
-24.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.46%
Original Mortgage
$98,625
Interest Rate
4.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 29, 1996
Sold by
Carapellotti Charles
Bought by
Berger Bethanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.81%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Yuritch Clare $295,000 Title Services
Fierro Jon $251,000 Platinum Abstract
Rojas Eileen $131,500 I Abstract & Title Agency Ll
Berger Bethanne $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yuritch Clare $221,250
Previous Owner Rojas Eileen $143,000
Previous Owner Rojas Eileen $143,000
Previous Owner Rojas Eileen $98,625
Previous Owner Berger Bethanne $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2021 11/19/21 Sold $251,000 -3.1% $109 / Sq Ft
10/07/2021 10/07/21 Pending -- -- --
09/19/2021 09/19/21 For Sale $259,000 +97.0% $112 / Sq Ft
12/06/2013 12/06/13 Sold $131,500 -24.9% $57 / Sq Ft
11/12/2013 11/12/13 Pending -- -- --
08/26/2013 08/26/13 For Sale $175,000 -- $76 / 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 $9,326 $175,000 $54,200 $120,800
2024 $8,878 $175,000 $54,200 $120,800
2023 $8,878 $175,000 $54,200 $120,800
2022 $8,502 $175,000 $54,200 $120,800
2021 $8,444 $175,000 $54,200 $120,800
2020 $8,279 $175,000 $54,200 $120,800
2019 $8,125 $175,000 $54,200 $120,800
2018 $7,739 $175,000 $54,200 $120,800
2017 $7,411 $175,000 $54,200 $120,800
2016 $7,072 $175,000 $54,200 $120,800
2015 $6,717 $175,000 $54,200 $120,800
2014 $6,472 $175,000 $54,200 $120,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCD2007764

Bright MLS

APN: 24-00019-0000-00004