NOT LISTED FOR SALE

111 Cherry St Iselin, NJ 08830

Estimated Value: $536,391 - $871,000

Studio
-- Bath
-- Sq Ft
5,001 Sq Ft Lot

Last Sold February 08, 2023

Last sale price $685,000

Est. 2% decrease in value since last sale

Current estimated payment $4,289/month

42 Days on Market

Highlights

  • Property is near public transit and shops
  • Central Air
  • Heating Available
  • John F. Kennedy Memorial High School Rated A
  • Level Lot

About This Home

As of February 2023

Rare opportunity to own this newly renovated 2 family in Iselin conveniently located near Metropark train station, schools, Merill Park and more! Both units consist of brand new kitchens, bathrooms, flooring as well as brand new hvac system and hot water heaters. Separate utilities in both units matched with low taxes make this a great opportunity for owner occupied buyers and investors alike. Unit one boasts 3 bedrooms, 1 bathroom and a spacious kitchen/living room area with a back patio. Unit two holds 2 bedrooms, 1 bathroom, living room and a kitchen that leads out to a private deck. All this plus a laundry room on the side of the building with 2 washer/dryer hook ups. Book your showing for this turnkey 2 family today!

Last Agent to Sell the Property

Liborio Tamburello

SIGNATURE REALTY NJ Listed on: 12/28/2022

SIGNATURE REALTY NJ

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,398

Year Built

  • Built in 1953

Lot Details

  • 5,001 Sq Ft Lot
  • Lot Dimensions are 100.00 x 50.00
  • Level Lot

Utilities

  • Central Air
  • Heating Available
  • Gas Water Heater

Additional Features

  • 2-Story Property
  • Property is near public transit and shops

Listing and Financial Details

  • The owner pays for unit 1 owner pays(water), unit 2 owner pays(water)

Community Details

Overview

  • Iselin Park Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,398

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1148
  • Lot Size: 100.00 x 50.00
  • Ownership: Fee Simple
  • Subdivision Name: Iselin Park
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1953
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Water Heater(Gas), Water Heater, Unit 1(Range/Oven,Refrigerator), Unit 2(Range/Oven,Refrigerator)
  • Owner Pays: Unit 1 Owner Pays(Water), Unit 2 Owner Pays(Water)
  • Interior Amenities: Unit 1(3 Bedrooms,Kitchen,1 Bath,Living Room,Den/Family Room), Unit 2(2 Bedrooms,Kitchen,1 Bath,Living Room)
  • Stories: 2

Exterior Features

  • Lot Features: Near Shopping, Near Train, Level

Utilities

  • Gas Company: Natural Gas
  • Cooling: A/C Central - All, Unit 1(A/C Central), Unit 2(A/C Central)
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: See Remarks
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 5001
  • Zoning: R-6

Tax Info

  • Tax Annual Amount: 8398
  • Tax Year: 2021

Multi Family

  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 28, 2022
Closed on
Jan 23, 2023
Sold by
Barts 2 Multifamily Llc
Bought by
Nasr Michael and Nasr Carol
Seller's Agent
Liborio Tamburello
SIGNATURE REALTY NJ
List Price
$675,000
Sold Price
$685,000
Premium/Discount to List
$10,000
1.48%
Views
184
Current Estimated Value
$669,598

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,402
Avg. Annual Appreciation
-0.77%
Original Mortgage
$508,000
Outstanding Balance
$488,478
Interest Rate
5.38%
Mortgage Type
New Conventional
Estimated Equity
$181,120

Purchase Details

Closed on
Jun 22, 2022
Sold by
Nj Re Investments Llc
Bought by
Barts 2 Multifamily Llc

Purchase Details

Closed on
Nov 4, 2015
Sold by
Lubas Barbara A and Parvin Barbara A
Bought by
Singh Sagar and Singh Anil

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
Interest Rate
3.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 4, 1996
Sold by
Graham Margaret
Bought by
Reed Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
7.99%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nasr Michael $685,000 Noble Title
Barts 2 Multifamily Llc $460,000 Chicago Title
Barts 2 Multifamily Llc $460,000 Chicago Title
Singh Sagar $295,000 Chicago Title Insurance Comp
Reed Barbara $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nasr Michael $508,000
Previous Owner Singh Sagar $221,250
Previous Owner Reed Barbara $95,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/08/2023 02/08/23 Sold $685,000 +1.5% --
12/28/2022 12/28/22 For Sale $675,000 -- --
Source: All Jersey 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 $9,878 $82,000 $20,000 $62,000
2024 $8,683 $82,000 $20,000 $62,000
2023 $8,683 $73,700 $20,000 $53,700
2022 $8,467 $73,700 $20,000 $53,700
2021 $7,998 $73,700 $20,000 $53,700
2020 $8,139 $73,700 $20,000 $53,700
2019 $7,946 $73,700 $20,000 $53,700
2018 $7,788 $73,700 $20,000 $53,700
2017 $7,650 $73,700 $20,000 $53,700
2016 $7,596 $73,700 $20,000 $53,700
2015 $7,459 $73,700 $20,000 $53,700
2014 $7,296 $73,700 $20,000 $53,700
Source: Public Records

Agents Affiliated with this Home

  • Liborio Tamburello

    Seller's Agent in 2023

    Liborio Tamburello

    SIGNATURE REALTY NJ

    (732) 770-9184

    3 in this area

    13 Total Sales

    Liborio Tamburello
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Map

Source: All Jersey MLS

MLS Number: 2307005R

All Jersey MLS

APN: 25-00432-07-00022

New Jersey Middlesex County Iselin 08830

111 Cherry St, Iselin, NJ

Not Listed for Sale

MultiFamily

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