Seller's Agent in 2016
John (Jack) Stolze
Penzone Realty
(609) 923-4140
5 Total Sales
111 W Pitman St Penns Grove, NJ 08069
Estimated Value: $171,760 - $233,000
4
Beds
1.5
Baths
1,870
Sq Ft
$105/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
(609) 923-4140 jackstolze@gmail.com Penzone Realty License #1221805 Listed on: 02/26/2016
Last Buyer's Agent
(609) 820-2350 cbrealestateproperty@gmail.com Century 21 Rauh & Johns License #RS3300057
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%
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
$107,790
Avg. Annual Appreciation
9.30%
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
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 | Martin Kent M | $86,307 | |
| Previous Owner | Lang Michael J | $96,000 |
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 |
|---|---|---|---|---|
| 2025 | $4,903 | $88,400 | $12,400 | $76,000 |
| 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
-
Cheryl Barbagallo
Buyer's Agent in 2016
Cheryl Barbagallo
Century 21 - Rauh & Johns
(609) 820-2350
2 in this area
24 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
18 in this area
68 Total Sales
Map
Source: Bright MLS
MLS Number: 1003903069
APN: 08-00008-0000-00008
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