NOT LISTED FOR SALE

116 SW Atlantic Ave Magnolia, NJ 08049

Estimated Value: $339,000 - $373,000

-- Bed
-- Bath
-- Sq Ft
1894 Built

Last Sold March 06, 2012

Last sale price $136,000

Est. 167% increase in value since last sale

Current estimated payment $2,690/month

Highlights

  • Wood Flooring
  • 1 Car Detached Garage
  • En-Suite Primary Bedroom
  • No HOA
  • Parking Storage or Cabinetry
  • Ceiling Fan

About This Home

As of March 2012

Motivated Seller Wants Offers. This is NOT a Short Sale and Not Bank Owned! CASH COW! Very Charming, Well Maintained Triplex with 4 Plex Potential Conveniently Located. Has State Green Card. 3 Separate Heaters (Approx 2 to 4 Yrs Young) & 3 Separate Electric Meters. Crown Moldiing, Ceiling Fans, Glass Door Knobs, High Ceilings, Ginger Bread & Front Porch Has Ornate Architecture. Some Newer Windows. Newer Roof (replaced within the last 10 years). Detached Garage. Deck. Driveway. Yard. Hardwired & Battery Back Up Smoke Detectors. Magnolia Sewer $225.00 Every 6 Months, CCMUA $236.25/Quarter, Home Owner's Insurance $814.00, SJ Gas For Apt c (2nd & 3rd Floors) & Hot Water For Entire House on Budget Plan is $135.00/Month. NJ AMerican Water $50.00/Month. Install Stairs to the 3rd Floor & Make into Efficiency Apartment. Make Money By Putting in Coin Operated Washer & Dryer in Laundry Room & Renting Out the Garage. Owner Currently Occupies 2nd & 3rd Floors. 24 Hour Notice to Show Is Preferred.

Last Agent to Sell the Property

Michaela Hartery

Real Broker, LLC License #9590284 Listed on: 10/04/2011

Real Broker, LLC

Last Buyer's Agent

Susan Boehm

Innovate Realty License #0447057

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,500

Year Built

  • Built in 1894

Lot Details

  • Lot Dimensions are 51x122
  • Property is in good condition

Parking

  • 1 Car Detached Garage
  • 2 Open Parking Spaces
  • Parking Storage or Cabinetry
  • Driveway
  • On-Street Parking

Home Design

  • Triplex
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • Ceiling Fan
  • Replacement Windows
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile or Brick
  • Vinyl

Schools

  • Magnolia Elementary School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Heating System Uses Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 00016
  • Assessor Parcel Number 23-00001 03-00016

Community Details

Building Details

  • Income includes laundry
  • Insurance Expense $814
  • Operating Expense $10,929

Additional Features

  • No Home Owners Association
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,500

Year Built

Built in 1894

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Inclusions: Washer, Dryer, Refrigerators-All Appliances As Is
  • New Construction: No
  • Storage: Garage
  • Year Built: 1894
  • Special Features: None

Interior Features

  • Flooring Type: Wood, Fully Carpeted, Vinyl, Tile/Brick
  • Interior Amenities: Ceiling Fan(s)
  • Window Features: Replacement
  • Fireplace: No
  • Entry Location: Private
  • Room List: Master Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Common, Has Laundry

Exterior Features

  • Construction Materials: Wood Siding
  • Construction Completed: No
  • Exterior Features: Sidewalks
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Open Parking Spaces Count: 2
  • Parking Features: Street
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: On Street, Driveway, Detached Garage

Utilities

  • Annual Heating Expense: 1620.00
  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 1995.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: MAGNOLIA BOROUGH PUBLIC SCHOOLS
  • Elementary School: MAGNOLIA
  • School District Key: 300200396856
  • Elementary School: MAGNOLIA

Lot Info

  • Improvement Assessed Value: 85600.00
  • Land Assessed Value: 25500.00
  • Lot Dimensions: 51X122
  • Lot Size Units: Square Feet
  • Property Condition: Good
  • Zoning: MULIT

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 32880.00
  • Income Includes: Laundry
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 1897255
  • Tax Annual Amount: 6500.00
  • Assessor Parcel Number: 23-00001 03-00016
  • Tax Lot: 00016
  • Tax Year: 2011
  • Close Date: 03/06/2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 16, 2021
Sold by
Srm Financial Llc
Bought by
All Nations Financial Llc
Current Estimated Value
$363,283

Purchase Details

Closed on
Sep 20, 2019
Sold by
Durich Tracie and Anchor Loans Lp
Bought by
Jrm Financial Llc

Purchase Details

Closed on
Oct 16, 2017
Sold by
Sjreig Llc
Bought by
Beleza Capital Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
3.93%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 4, 2011
Closed on
Mar 5, 2012
Sold by
Milby Stephen H
Bought by
Sjreig Llc
Seller's Agent
Michaela Hartery
Real Broker, LLC
Buyer's Agent
Susan Boehm
Innovate Realty
List Price
$160,000
Sold Price
$136,000
Premium/Discount to List
-$24,000
-15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.54%
Original Mortgage
$95,200
Interest Rate
4%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
All Nations Financial Llc $130,000 Golden Title
All Nations Financial Llc $130,000 Golden Title
Jrm Financial Llc -- None Available
Beleza Capital Corp -- None Available
Sjreig Llc $136,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Beleza Capital Corp $247,500
Previous Owner Sjreig Llc $95,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2012 03/06/12 Sold $136,000 -15.0% --
12/06/2011 12/06/11 Pending -- -- --
10/04/2011 10/04/11 For Sale $160,000 -- --
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 $8,714 $181,500 $43,600 $137,900
2024 $8,501 $181,500 $43,600 $137,900
2023 $8,501 $181,500 $43,600 $137,900
2022 $8,280 $181,500 $43,600 $137,900
2021 $8,200 $181,500 $43,600 $137,900
2020 $8,044 $181,500 $43,600 $137,900
2019 $7,892 $181,500 $43,600 $137,900
2018 $7,732 $181,500 $43,600 $137,900
2017 $7,507 $181,500 $43,600 $137,900
2016 $7,296 $181,500 $43,600 $137,900
2015 $7,044 $181,500 $43,600 $137,900
2014 $6,944 $181,500 $43,600 $137,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1004535876

Bright MLS

APN: 23-00001-03-00016