NOT LISTED FOR SALE

113 E Broad St Burlington, NJ 08016

Estimated Value: $227,000 - $310,000

Studio
-- Bath
2,810 Sq Ft
$98/Sq Ft Est. Value

Last Sold May 31, 2023

Last sale price $200,000 $71 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $1,972/month

16 Days on Market

Highlights

  • Colonial Architecture
  • 3-minute walk to Burlington Towne Center
  • Ceiling Fan
  • Eat-In Kitchen
  • Home Security System
  • 2-minute walk to Barclay Street Playground

About This Home

As of May 2023

Calling all investors. This spacious property is currently zoned as a 2 family home. First 2 floors include a 3 bedroom 2 full bathroom unit with a lot of space. The 3rd floor is a 2 bedroom 1 bathroom unit with an open floor plan. This property needs a full renovation, not to the studs but plumbing, electrical, floors, paint, kitchen and bathroom updates. Approximate cost to bring it back to life $30,000 to $40,000, that is just an estimate buyer to conduct their own review. This is an AS IS sale, will not pass a CO inspection or FHA requirements. Cash or rehab loans recommended. Due to the size and a bathroom on each floor we believe there is a possible to get approval for a 3 unit.

Last Agent to Sell the Property

Tom Santoro

(877) 662-7540 tsantoronj@gmail.com Keyvest, LLC Listed on: 04/19/2023

Last Buyer's Agent

Andrea Bauer

(609) 980-4635 andrea.bauer@compass.com Compass New Jersey, LLC - Moorestown License #2183956

Compass New Jersey, LLC - Moorestown

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,335

Year Built

  • Built in 1832

Lot Details

  • 2,675 Sq Ft Lot
  • Lot Dimensions are 25.00 x 107.00

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Colonial Architecture
  • Fixer Upper
  • Brick Exterior Construction
  • Pitched Roof
  • Aluminum Siding
  • Stucco

Interior Spaces

  • 2,810 Sq Ft Home
  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Home Security System
  • Eat-In Kitchen

Utilities

  • Cooling System Utilizes Natural Gas
  • Hot Water Heating System
  • 100 Amp Service
  • Electric Water Heater

Community Details

  • 2 Units
  • 3-Story Building

Listing and Financial Details

  • Tax Lot 00009
  • Assessor Parcel Number 05-00134-00009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,335

Year Built

Built in 1832

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1832
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Interior Amenities: Ceiling Fan(s), Kitchen - Eat-In
  • Fireplace: No
  • Foundation Details: Other
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 2810
  • Living Area Sq Ft: 2810
  • Price Per Sq Ft: 71.17
  • Above Grade Finished Sq Ft: 2810
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Aluminum Siding, Stucco, Brick
  • Roof: Pitched
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Natural Gas
  • Electric Service: 100 Amp Service
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 124700.00
  • Land Assessed Value: 25900.00
  • Lot Size Acres: 0.06
  • Lot Dimensions: 25.00 x 107.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2675.00
  • Property Condition: Major Rehab Needed
  • Zoning: C-1

Rental Info

  • Rent Control: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1605011
  • Tax Annual Amount: 6335.00
  • Assessor Parcel Number: 05-00134-00009
  • Tax Lot: 00009
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: BURLINGTON CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2023
Closed on
May 13, 2023
Sold by
Karphil Tenancy Jersey Llc
Bought by
Omerlins Properties Llc
Seller's Agent
Tom Santoro
Keyvest, LLC
Buyer's Agent
Andrea Bauer
Compass New Jersey, LLC - Moorestown
List Price
$200,000
Sold Price
$200,000
Views
41
Current Estimated Value
$275,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,831
Avg. Annual Appreciation
12.95%

Purchase Details

Listed on
Aug 22, 2018
Closed on
Feb 11, 2019
Sold by
Dovbear Property Llc
Bought by
Karphil Tenancy Jersey Llc
Seller's Agent
Christina Seiler
RE/MAX World Class Realty
Buyer's Agent
Eric Sasaki
RE/MAX World Class Realty
List Price
$109,900
Sold Price
$89,000
Premium/Discount to List
-$20,900
-19.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.96%

Purchase Details

Listed on
Aug 22, 2018
Closed on
Dec 10, 2018
Sold by
Aja Edward M and The Estate Of Edward Aja
Bought by
Dovbear Property Llc
Seller's Agent
Christina Seiler
RE/MAX World Class Realty
Buyer's Agent
Eric Sasaki
RE/MAX World Class Realty
List Price
$109,900
Sold Price
$89,000
Premium/Discount to List
-$20,900
-19.02%

Purchase Details

Closed on
Sep 8, 1993
Sold by
Greenberg Arthur
Bought by
Hovagimian Dikran

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,000
Interest Rate
6.96%
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
Omerlins Properties Llc $200,000 None Listed On Document
Omerlins Properties Llc $200,000 None Listed On Document
Karphil Tenancy Jersey Llc -- None Available
Dovbear Property Llc $89,000 Infinity Title Agency
Hovagimian Dikran $116,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hovagimian Dikran $111,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/31/2023 05/31/23 Sold $200,000 0.0% $71 / Sq Ft
04/19/2023 04/19/23 For Sale $200,000 +124.7% $71 / Sq Ft
12/18/2018 12/18/18 Sold $89,000 -19.0% $32 / Sq Ft View Prior Sale
10/04/2018 10/04/18 Pending -- -- --
08/22/2018 08/22/18 For Sale $109,900 -- $39 / 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 $6,521 $150,600 $25,900 $124,700
2024 $6,407 $150,600 $25,900 $124,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJBL2044808

Bright MLS

APN: 05-00134-0000-00009