$330,000
SOLD JUN 18, 2021

112 W Merchant St Audubon, NJ 08106

-- Bed
-- Bath
2,024 Sq Ft
2,812 Sq Ft Lot

Recently Sold

$163 Per Sq Ft

6% Below List Price

23 Days on Market

Highlights

  • Open Floorplan
  • Upgraded Countertops
  • Bathtub with Shower
  • No HOA
  • Stainless Steel Appliances
  • Recessed Lighting

About This Home

As of June 2021

LOW TAXES, STUNNING RENOVATION! At close to one hundred years old, 112 West Merchant Street has been revitalized, fusing modern details and amenities with the space, light and period charm of the original building. Now a fully rented commercial (mixed-use) duplex, the building is available for a turn key investment. Located in the heart of Audubon on bustling Merchant Street the building benefits from being in the center of a collection of thriving businesses with plenty of easy parking. The first floor retail spa features a fully operational restaurant, large modern black framed window illuminated by gooseneck lighting, a charming dining room and space for outdoor table service. There is also a large handicap accessible bathroom, a full dry walkout basement for plenty of storage space and a back entrance to private parking for both units. The second floor features a beautiful sun -filled two-bedroom apartment with an open floor plan, a spacious island with quartz countertops, a sunny New Orleans style porch with stylish black railing overlooking the main street, new stainless-steel appliances, a porcelain tile bath and kitchen backsplash, and a full size washer and dryer in the apartment. This property was a completely gutted and permitted renovation from the studs - ALL NEW WINDOWS, NEW LVP FLOORS, NEW DRYWALL, NEW LIGHT FIXTURES, NEW FRONT RETAIL WINDOW AND DOOR COMBINATION, SEPARATE UTILITIES, NEW BASEMENT BEAM, FIBERGLASS FLOOR FOR THE PORCH, NEW WALKWAY AND NEWLY LANDSCAPED BACKYARD, MONITORED FIRE DETECTION SYSTEM AND A NEW ROOF (11/18 - at the beginning of the lengthy renovation), Each unit has two parking spaces, central air and programmable thermostats.

Last Agent to Sell the Property

Suzanne Hoover

Compass New Jersey, LLC - Haddon Township License #903552 Listed on: 04/09/2021

Compass New Jersey, LLC - Haddon Township

Co-Listed By

Ronald Hoover

Compass New Jersey, LLC - Moorestown

Last Buyer's Agent

Beverly Lyons

Beverly Lyons Real Estate Agency, LLC License #1007806

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,379

Lot Details

  • 2,812 Sq Ft Lot
  • Lot Dimensions are 22.50 x 125.00
  • Downtown Location
  • Back Yard

Home Design

  • Duplex
  • Dwelling with Rental
  • Flat Roof Shape
  • Poured Concrete

Interior Spaces

  • Bathtub with Shower
  • 2,024 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Window Treatments
  • Unfinished Basement
  • Interior Basement Entry

Kitchen

  • Self-Cleaning Oven
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Flooring

  • Ceramic Tile
  • Vinyl

Laundry

  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • 4 Driveway Spaces
  • On-Street Parking
  • Parking Lot

Schools

  • Audubon Jr-Sr Middle School
  • Audubon High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for sewer, water
  • Tax Lot 00003 01
  • Assessor Parcel Number 01-00067-00003 01

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Downtown Subdivision

Building Details

  • Income includes apartment rentals, shop rentals

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,379

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Over Storefront
  • Architectural Style: Dwelling With Rental
  • Ownership: Fee Simple
  • Exclusions: Retail/restaurant unit - refrigeration, stoves, restaurant seating, hood and fire suppression system.
  • Inclusions: Upstairs unit - Washer, Dryer, Refrigerator. Retail/restaurant unit - affixed sinks
  • New Construction: No
  • Automatically Close On Close Date: No
  • Remarks Public: LOW TAXES, STUNNING RENOVATION! At close to one hundred years old, 112 West Merchant Street has been revitalized, fusing modern details and amenities with the space, light and period charm of the original building. Now a fully rented commercial (mixed-use) duplex, the building is available for a turn key investment. Located in the heart of Audubon on bustling Merchant Street the building benefits from being in the center of a collection of thriving businesses with plenty of easy parking. The first floor retail spa features a fully operational restaurant, large modern black framed window illuminated by gooseneck lighting, a charming dining room and space for outdoor table service. There is also a large handicap accessible bathroom, a full dry walkout basement for plenty of storage space and a back entrance to private parking for both units. The second floor features a beautiful sun -filled two-bedroom apartment with an open floor plan, a spacious island with quartz countertops, a sunny New Orleans style porch with stylish black railing overlooking the main street, new stainless-steel appliances, a porcelain tile bath and kitchen backsplash, and a full size washer and dryer in the apartment. This property was a completely gutted and permitted renovation from the studs - ALL NEW WINDOWS, NEW LVP FLOORS, NEW DRYWALL, NEW LIGHT FIXTURES, NEW FRONT RETAIL WINDOW AND DOOR COMBINATION, SEPARATE UTILITIES, NEW BASEMENT BEAM, FIBERGLASS FLOOR FOR THE PORCH, NEW WALKWAY AND NEWLY LANDSCAPED BACKYARD, MONITORED FIRE DETECTION SYSTEM AND A NEW ROOF (11/18 - at the beginning of the lengthy renovation), Each unit has two parking spaces, central air and programmable thermostats.
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Oven - Self Cleaning, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
  • Flooring Type: Vinyl, Ceramic Tile
  • Interior Amenities: Ceiling Fan(s), Floor Plan - Open, Kitchen - Island, Recessed Lighting, Tub Shower, Upgraded Countertops, Window Treatments
  • Basement: Yes
  • Basement Type: Interior Access, Poured Concrete, Unfinished
  • Total Sq Ft: 2024
  • Living Area Sq Ft: 2024
  • Price Per Sq Ft: 172.92
  • Above Grade Finished Sq Ft: 2024
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 112

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Flat
  • 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: 4
  • Type Of Parking: Driveway, On Street, Parking Lot
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Carbon Monoxide Detector(s), Smoke Detector, Fire Detection System
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: AUDUBON PUBLIC SCHOOLS
  • Middle School: AUDUBON JR-SR
  • High School: AUDUBON H.S.
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396982
  • School District Source: Listing Agent
  • High School: AUDUBON H.S.
  • Middle Or Junior School: AUDUBON JR-SR

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 137600.00
  • Land Assessed Value: 39300.00
  • Lot Features: Rear Yard
  • Lot Size Acres: 0.06
  • Lot Dimensions: 22.50 x 125.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2812.00
  • Year Assessed: 2020
  • Zoning: COMMERCIAL

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Sewer, Water
  • Total Actual Rent: 30840.00
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Income Includes: Apartment Rentals, Shop Rentals

Tax Info

  • Assessor Parcel Number: 1769346
  • Tax Annual Amount: 6379.00
  • Assessor Parcel Number: 01-00067-00003 01
  • Tax Lot: 00003 01
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 06/18/2021

MLS Schools

  • School District Name: AUDUBON PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2021
Closed on
Jun 18, 2021
Sold by
East Park Enterprise Llc
Bought by
Akar Properties & Investments Llc
Seller's Agent
Suzanne Hoover
Compass New Jersey, LLC - Haddon Township
Buyer's Agent
Beverly Lyons
Beverly Lyons Real Estate Agency, LLC
List Price
$349,999
Sold Price
$330,000
Premium/Discount to List
-$19,999
-5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.04%

Purchase Details

Closed on
Sep 28, 2018
Sold by
Jpmorgan Chase Bank Na
Bought by
East Park Enterprise Llc

Purchase Details

Closed on
Aug 28, 2017
Sold by
Rich Timothy
Bought by
Jpmorgan Chase Bank Na

Purchase Details

Closed on
Sep 11, 2007
Sold by
Tagmire Jason and Tagmire Carolyn C
Bought by
Rich Timothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,700
Interest Rate
6.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 15, 2002
Sold by
Mitchell Henry
Bought by
Tagmire George and Tagmire Charlene

Purchase Details

Closed on
Aug 21, 1997
Sold by
Estate Of Ralph Irvine Boileau
Bought by
Mitchell Michael W
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $330,000 Consumers Title Agency
Deed $60,000 Servicelink Title Co
Deed In Lieu Of Foreclosure -- None Available
Deed $313,500 --
Deed $79,000 --
Deed $56,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $62,700 Commercial
Previous Owner $235,100 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2025 03/07/25 For Sale $599,000 +81.5% $288 / Sq Ft
06/18/2021 06/18/21 Sold $330,000 -5.7% $163 / Sq Ft
05/02/2021 05/02/21 Pending -- -- --
04/09/2021 04/09/21 For Sale $349,999 -- $173 / 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
2024 $6,904 $176,900 $39,300 $137,600
2023 $6,904 $176,900 $39,300 $137,600
2022 $6,720 $176,900 $39,300 $137,600
2021 $6,441 $176,900 $39,300 $137,600
2020 $6,379 $176,900 $39,300 $137,600
2019 $6,294 $176,900 $39,300 $137,600
2018 $6,216 $176,900 $39,300 $137,600
2017 $6,087 $176,900 $39,300 $137,600
2016 $5,928 $176,900 $39,300 $137,600
2015 $5,735 $176,900 $39,300 $137,600
2014 $5,680 $176,900 $39,300 $137,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCD417150

Bright MLS

APN: 01-00067-0000-00003-01