111 W Pitman St Penns Grove, NJ 08069
Estimated Value: $138,495 - $200,000
4
Beds
1.5
Baths
1,870
Sq Ft
$90/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Attic
- Porch
- Victorian Architecture
- No HOA
- Eat-In Kitchen
About This Home
As of September 2016Either buy this property as a total investment or live in one unit and rent the others to pay your mortgage. There is a roomy Victorian home, a separate two car garage, and a two bedroom apartment over the garages. Presently all of these spaces are rented. The front home brings in $1,100/ month, the 2 bedroom apartment generates $850/ month, and the garage is rented for $50/ month. That is $2,000 per month on a property listed for $85,000. You do the math; it pays for itself. The main home can be a 3-4 bedroom home with 1 1/2 baths along with the other rooms listed in the description. There is a large paved paring lot between the units for off street parking. The two bedroom unit recently had a new gas heater installed. This property is being sold as-is, but don't let that indicate it needs extensive work. It does not. The purchaser will be responsible for any government inspections, certification, fees, etc. PLEASE NOTE...THIS IS NOT A SHORT SALE. Lease purchase or owner financing will be considered for qualified buyers.
Last Agent to Sell the Property
Penzone Realty License #1221805 Listed on: 02/26/2016
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,104
Year Built
- Built in 1910
Lot Details
- 6,240 Sq Ft Lot
- Lot Dimensions are 48x130
- Level Lot
- Back, Front, and Side Yard
- Property is in below average condition
Home Design
- Victorian Architecture
- Stone Foundation
- Pitched Roof
- Shingle Roof
- Aluminum Siding
Interior Spaces
- 1,870 Sq Ft Home
- Property has 3 Levels
- Living Room
- Dining Room
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Eat-In Kitchen
- Laundry on main level
- Attic
Flooring
- Wood
- Wall to Wall Carpet
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- En-Suite Primary Bedroom
- 1.5 Bathrooms
Parking
- 3 Open Parking Spaces
- 5 Parking Spaces
Outdoor Features
- Porch
Schools
- Penns Grove Middle School
- Penns Grove High School
Utilities
- Radiator
- Heating System Uses Gas
- Natural Gas Water Heater
Community Details
- No Home Owners Association
- River Front Subdivision
Listing and Financial Details
- Tax Lot 00008
- Assessor Parcel Number 08-00008-00008
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 26, 2016
Closed on
Sep 28, 2016
Sold by
Weiss Robert J
Bought by
Martin Kent M
Seller's Agent
John (Jack) Stolze
Penzone Realty
Buyer's Agent
Cheryl Barbagallo
Century 21 Rauh & Johns
List Price
$85,000
Sold Price
$87,900
Premium/Discount to List
$2,900
3.41%
Total Days on Market
25
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,474
Avg. Annual Appreciation
7.77%
Original Mortgage
$86,307
Interest Rate
3.87%
Mortgage Type
FHA
Purchase Details
Closed on
Jan 30, 2008
Sold by
Lang Michael J
Bought by
Weiss Robert J
Purchase Details
Closed on
Oct 29, 2003
Sold by
L T H Inc
Bought by
Lang Michael J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
6.01%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 16, 2001
Sold by
Hud
Bought by
L T H Inc
Purchase Details
Closed on
Dec 8, 2000
Sold by
Kelley Veronica K
Bought by
Hud
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REMODELED HOME IS AVALABLE IMMEDIATELY.
Michael Shamberg BHHS DIVERSIFIED REALTY
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Martin Kent M | $87,900 | Marketplace Title | |
| Weiss Robert J | $152,500 | -- | |
| Lang Michael J | -- | American Title Abstract Corp | |
| L T H Inc | $20,500 | Fidelity National Title Ins | |
| Hud | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Brown Thomas | $70,000 | |
| Closed | Martin Kent M | $79,998 | |
| Closed | Martin Kent M | $86,307 | |
| Previous Owner | Weiss Robert J | $80,200 | |
| Previous Owner | Weiss Robert J | $90,000 | |
| Previous Owner | Lang Michael J | $96,000 | |
| Previous Owner | L T H Inc | $200,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/28/2016 09/28/16 | Sold | $87,900 | +3.4% | $47 / Sq Ft |
| 03/22/2016 03/22/16 | Pending | -- | -- | -- |
| 02/26/2016 02/26/16 | For Sale | $85,000 | 0.0% | $45 / Sq Ft |
| 02/16/2015 02/16/15 | Rented | $1,100 | 0.0% | -- |
| 02/07/2015 02/07/15 | Under Contract | -- | -- | -- |
| 12/27/2014 12/27/14 | For Rent | $1,100 | 0.0% | -- |
| 05/01/2013 05/01/13 | Rented | $1,100 | -8.3% | -- |
| 04/26/2013 04/26/13 | Under Contract | -- | -- | -- |
| 02/05/2013 02/05/13 | For Rent | $1,200 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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 | $4,738 | $88,400 | $12,400 | $76,000 |
| 2023 | $4,738 | $88,400 | $12,400 | $76,000 |
| 2022 | $4,568 | $88,400 | $12,400 | $76,000 |
| 2021 | $4,147 | $88,400 | $12,400 | $76,000 |
| 2020 | $4,428 | $88,400 | $12,400 | $76,000 |
| 2019 | $4,447 | $88,400 | $12,400 | $76,000 |
| 2018 | $4,437 | $110,000 | $20,400 | $89,600 |
| 2017 | $4,453 | $110,000 | $20,400 | $89,600 |
| 2016 | $4,285 | $110,000 | $20,400 | $89,600 |
| 2015 | $4,104 | $110,000 | $20,400 | $89,600 |
| 2014 | $5,513 | $149,400 | $20,400 | $129,000 |
Source: Public Records
Agents Affiliated with this Home
-
John (Jack) Stolze
Seller's Agent in 2016
John (Jack) Stolze
Penzone Realty
(609) 923-4140
7 Total Sales
-
Cheryl Barbagallo
Buyer's Agent in 2016
Cheryl Barbagallo
Century 21 - Rauh & Johns
(609) 820-2350
2 in this area
32 Total Sales
-
L
Seller's Agent in 2013
Liz Ellsworth
American Dream Realty of South Jersey
-
Joseph Venello
Seller Co-Listing Agent in 2013
Joseph Venello
American Dream Realty of South Jersey
(609) 238-3389
19 in this area
68 Total Sales
Map
Source: Bright MLS
MLS Number: 1003903069
APN: 08-00008-0000-00008
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