NOT LISTED FOR SALE

112 Cedar Ave Pitman, NJ 08071

Estimated Value: $503,496 - $563,000

Studio
-- Bath
3,104 Sq Ft
$170/Sq Ft Est. Value

Last Sold December 29, 2021

Last sale price $355,000 $114 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $3,754/month

35 Days on Market

Highlights

  • Victorian Architecture
  • Central Air
  • 4-minute walk to Betty Park
  • Shed
  • Radiator

About This Home

As of December 2021

This multi family 5 bedroom Victorian Pitman home provides plenty of features throughout it's three units. The spacious first floor addition along with the original house offers 3 bedrooms 2 1/2 baths. The family room has 4 double hung thermal windows for a refreshing view. The primary bedroom features a private full bathroom, skylights, a walk-in closet and a Vitabath tub with marble tiling. The kitchen has all brand new stainless steel appliances around a gorgeous center island. The kitchen also has Brookhaven cabinetry, Corian counter tops and track lighting that brighten up the kitchen. A second bedroom across from the kitchen has a half bath in the hallway. The dining room has that historic woodworking, hardwood flooring and access to the third bedroom with pocket doors a living room and full bathroom with access to the basement for plenty of storage and front door access. The second floor separated apartments which is accessed from the side of the property has 3 paved parking spots. The first unit has a large kitchen, bedroom and a full bathroom while the second unit has a living room, kitchen, bedroom, full bathroom and access to the attic for storage. The fenced- in backyard has a large deck with sliding glass doors to the first floor units. The detached storage shed has electric running to it and more than enough parking spaces in the backyard as you come up the gravel driveway. This lovely home sits on a corner lot in the desirable Pitman neighborhood. This home is close to NJ-55, NJ-42, I295, and Rowan University.

Last Agent to Sell the Property

Janet Passio

(609) 471-0229 jpassio@comcast.net Weichert Realtors-Mullica Hill License #8735290 Listed on: 10/14/2021

Weichert Realtors-Mullica Hill

Last Buyer's Agent

Beatrice Caraballo

(856) 676-4046 beatricecaraballo@msn.com Keller Williams Realty - Washington Township License #2079984

Keller Williams Realty - Washington Township

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,369

Year Built

  • Built in 1905

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 82.00 x 137.00

Home Design

  • Triplex
  • Victorian Architecture
  • Block Foundation

Interior Spaces

  • 3,104 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • 4 Open Parking Spaces
  • 7 Parking Spaces
  • 3 Driveway Spaces
  • Parking Lot

Outdoor Features

  • Shed

Utilities

  • Central Air
  • Window Unit Cooling System
  • Radiator
  • Natural Gas Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Tax Lot 00022
  • Assessor Parcel Number 15-00178-00022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,369

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Victorian
  • Ownership: Fee Simple
  • Exclusions: All personal property
  • Historic: No
  • Inclusions: Washer, dryer, refrigerator, & dishwasher
  • New Construction: No
  • Year Built: 1905
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 3104
  • Living Area Sq Ft: 3104
  • Price Per Sq Ft: 125.32
  • Above Grade Finished Sq Ft: 3104
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 7
  • Type Of Parking: Driveway, Parking Lot
  • Number of Spaces in Driveway: 3
  • Parking Lot Number Of Spaces: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • 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 Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.26
  • Lot Dimensions: 82.00 x 137.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11234.00
  • Zoning: RES

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 4
  • Rent Control: No
  • Total Actual Rent: 30480.00
  • Units Leased Count: 4
  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Tax Annual Amount: 9369.00
  • Assessor Parcel Number: 15-00178-00022
  • Tax Lot: 00022
  • Tax Data Updated: No
  • Tax Year: 2021

MLS Schools

  • School District Name: PITMAN BORO PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2021
Closed on
Dec 29, 2021
Sold by
Forte Alan M and Forte Teresa
Bought by
Luma Jean
Seller's Agent
Janet Passio
Weichert Realtors-Mullica Hill
Buyer's Agent
Beatrice Caraballo
Keller Williams Realty - Washington Township
List Price
$399,000
Sold Price
$355,000
Premium/Discount to List
-$44,000
-11.03%
Current Estimated Value
$528,124

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,124
Avg. Annual Appreciation
10.30%
Original Mortgage
$341,345
Outstanding Balance
$313,990
Interest Rate
3.12%
Mortgage Type
FHA
Estimated Equity
$214,134

Purchase Details

Closed on
Oct 28, 2013
Sold by
Forte Alan M
Bought by
Forte Teresa and Forte Alan M

Purchase Details

Closed on
Sep 6, 2013
Sold by
Forte Alan M
Bought by
Forte Alan M and Forte Teresa

Purchase Details

Closed on
Apr 24, 2006
Sold by
Forte Alan M
Bought by
Forte Alan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.34%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 31, 1997
Sold by
Forte Alan M and Forte Kimberly G
Bought by
Forte Alan M and Forte Kimberly G
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Luma Jean $355,000 None Available
Forte Teresa -- --
Forte Alan M -- --
Forte Alan M -- --
Forte Alan M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luma Jean $341,345
Previous Owner Forte Alan M $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2021 12/29/21 Sold $355,000 -8.7% $114 / Sq Ft
11/18/2021 11/18/21 Pending -- -- --
10/27/2021 10/27/21 Price Changed $389,000 -2.5% $125 / Sq Ft
10/14/2021 10/14/21 For Sale $399,000 -- $129 / 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 $11,901 $340,700 $55,000 $285,700
2024 $11,587 $340,700 $55,000 $285,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJGL2000417

Bright MLS

APN: 15-00178-0000-00022