NOT LISTED FOR SALE

Estimated Value: $879,000 - $1,418,526

8 Beds
3.5 Baths
3,036 Sq Ft
$389/Sq Ft Est. Value

Sale Details

Date Sold: September 10, 2015

Last sale price $735,000 $242 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $8,021 / mo

85 Days on Market

Highlights

  • 0.14 Acre Lot
  • 2 Car Detached Garage
  • Zoned Heating

About This Home

As of September 2015

Exceptional location! Well facilitated college rental property. All separate gas & electric meters. Full brick, 3 units, 6 double bedrooms & 2 single bedrooms, 2 car garage & full basement w/laundry room. Legal for 14 tenants. Always full-house. Current rent 5970/month. 6/2015-5/2016 rent 6140/month. Utilities paid by tenants. Low maintenance. State green card issued Jan, 2015. Good condition. 3 years old roof. 6 years old boiler & hot water heater. Sold ''AS IS''. Seller responsible for certificates of CO & fire safety. Close to Rutgers. Across the street from Saint Peter's University Hospital. Excellent investment!

Last Agent to Sell the Property

Jenny Yao

Jenny Yao Realty, LLC License #0341198 Listed on: 03/04/2015

Last Buyer's Agent

Jenny Yao

Jenny Yao Realty, LLC License #0341198 Listed on: 03/04/2015

Range of Values:

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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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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,998

Year Built

  • Built in 1947

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 61 x 100

Parking

  • 2 Car Detached Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Triplex
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 3,036 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House
  • Stove

Bedrooms and Bathrooms

  • 8 Bedrooms

Utilities

  • Zoned Heating
  • Radiator
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tenant pays for hot water, water, sewer, heat, gas, electricity
  • The owner pays for yard maintenance, snow removal, garbage removal
  • Assessor Parcel Number 13-00063-0000-00046

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $1,490
  • Maintenance Expense $500
  • Gross Income $73,680
  • Net Operating Income $57,680

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,998

Year Built

Built in 1947

Lot Details

6,098 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • Income And Expenses Maintenance Expense: 500.0
  • Subdivision Name: None
  • Year Built: 1947
  • Contract Info List PriceSqFt: 263.18
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 61 x 100
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • SidingBrick: Yes
  • Income Expenses Insurance Expense: 1490.0
  • Income Expenses Gross Income2: 73680.0
  • Income Expenses Net Income: 57680.0
  • Unit 1 Gas Stove: Yes
  • Unit 3 Gas Stove3: Yes
  • Unit 2 Gas Stove2: Yes
  • Heating 3 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: Partially Finished, Other, Full
  • Basement: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 8
  • Stories: 2
  • Full Basement: Yes
  • Basement:Partially Finished: Yes
  • BasementOther: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.14
  • Waterfront: No
  • Construction Type: Brick

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Off Street, On Street, Detached
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking:On Street: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Radiator, 3+ Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Lot Info

  • Lot Dimensions: 61 x 100
  • Lot Size Sq Ft: 6098.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 13-00063-0000-00046
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Water, Sewer, Heat, Gas, Electricity
  • Owner Pays: Yard Maintenance, Snow Removal, Garbage Removal

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 13998.0
  • Tax Other Annual Assessment Amount: 248900.0

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 73680.0
  • Insurance Expense: 1490.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2015
Closed on
Sep 10, 2015
Sold by
Bought by
Seller's Agent
Jenny Yao
Jenny Yao Realty, LLC
Buyer's Agent
Jenny Yao
Jenny Yao Realty, LLC
Sold Price
$735,000
Current Estimated Value
$1,180,132

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$445,132
Avg. Annual Appreciation
4.42%
Original Mortgage
$352,000
Outstanding Balance
$277,637
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$902,495

Purchase Details

Closed on
Mar 27, 2007
Sold by
Bought by

Purchase Details

Closed on
Nov 30, 2005
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$735,000 Quality Title & Abstract Age
$580,000 --
$550,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $352,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/10/2015 09/10/15 Sold $735,000 -- $242 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $18,561 $690,500 $279,300 $411,200
2025 $18,084 $690,500 $279,300 $411,200
2024 $17,559 $690,500 $279,300 $411,200
2023 $17,559 $690,500 $279,300 $411,200
2022 $17,187 $690,500 $279,300 $411,200
2021 $17,118 $690,500 $279,300 $411,200
2020 $17,055 $690,500 $279,300 $411,200
2019 $16,731 $690,500 $279,300 $411,200
2018 $16,351 $690,500 $279,300 $411,200
2017 $15,702 $690,500 $279,300 $411,200
2016 $14,600 $248,900 $54,600 $194,300
2015 $14,252 $248,900 $54,600 $194,300
2014 $13,998 $248,900 $54,600 $194,300
Source: Public Records

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21507420

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 13-00063-0000-00046

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