$100,000
SOLD MAR 8, 2022

118 E Del a Vue Ave Penns Grove, NJ 08069

-- Bed
-- Bath
1,800 Sq Ft
0.42 Acres

Recently Sold

$56 Per Sq Ft

9% Below List Price

209 Days on Market

Highlights

  • Rambler Architecture
  • Forced Air Heating System
  • 4-minute walk to Carney's Point Recreation Complex
  • No HOA

About This Home

As of March 2025

tremendous investment opportunity to own a cash-flowing asset near an area of an economic resurgence with low taxes. Industrial Jobs and Amazon are expected to continue to increase job opportunities in the area which means you could potentially experience a low vacancy, appreciation, and increased rents. The property is nearly a half-acre and could build a garage for even more potential income.rents are currently unit 1 - 1100 (the current tenant is paying half of that right now, he has been trying to get state assistance but has not yet been approved. ) and unit 2 - 950. Please do not go on property. Showings drive by only until serious qualified buyer wants to make an offer we can try to arrange access with tenants. Updates are recently done including 2 new heaters.

Last Agent to Sell the Property

Christopher Sooy

EXP Realty, LLC License #1751199 Listed on: 06/15/2021

EXP Realty, LLC

Last Buyer's Agent

Justin Kelly

OMNI Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,267

Year Built

  • Built in 1950

Lot Details

  • 0.42 Acre Lot
  • Lot Dimensions are 50.00 x 365.00

Parking

  • Driveway

Home Design

  • 1,800 Sq Ft Home
  • Duplex
  • Rambler Architecture
  • Frame Construction

Utilities

  • Forced Air Heating System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • The owner pays for water
  • Tax Lot 00006 04
  • Assessor Parcel Number 02-00039-00006 04

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,267

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Expected On Market: 2021-06-15
  • Year Built: 1950
  • Automatically Close On Close Date: No
  • Remarks Public: tremendous investment opportunity to own a cash-flowing asset near an area of an economic resurgence with low taxes. Industrial Jobs and Amazon are expected to continue to increase job opportunities in the area which means you could potentially experience a low vacancy, appreciation, and increased rents. The property is nearly a half-acre and could build a garage for even more potential income.rents are currently unit 1 - 1100 (the current tenant is paying half of that right now, he has been trying to get state assistance but has not yet been approved. ) and unit 2 - 950. Please do not go on property. Showings drive by only until serious qualified buyer wants to make an offer we can try to arrange access with tenants. Updates are recently done including 2 new heaters.
  • Special Features: None

Interior Features

  • Total Sq Ft: 1800
  • Living Area Sq Ft: 1800
  • Price Per Sq Ft: 61.11
  • Above Grade Finished Sq Ft: 1800
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 118

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: PENNS GROVE-CARNEYS POINT SCHOOLS
  • School District Key: 300200397143
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 105000.00
  • Land Assessed Value: 23600.00
  • Lot Size Acres: 0.42
  • Lot Dimensions: 50.00 x 365.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 18250.00
  • Year Assessed: 2021
  • Zoning: RESIDENTIAL

Rental Info

  • Owner Pays: Water
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Gross Income: 24600.00

Tax Info

  • Assessor Parcel Number: 2190524
  • Tax Annual Amount: 4267.00
  • Assessor Parcel Number: 02-00039-00006 04
  • Tax Lot: 00006 04
  • Tax Total Finished Sq Ft: 1800
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 03/08/2022

MLS Schools

  • School District Name: PENNS GROVE-CARNEYS POINT SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2024
Closed on
Mar 26, 2025
Sold by
Schwartz Jochanan
Bought by
Jean-Gilles Ginette
Seller's Agent
Justin Kelly
OMNI Real Estate Professionals
Buyer's Agent
Natalie Tyson
Tesla Realty Group LLC
List Price
$199,999
Sold Price
$212,000
Premium/Discount to List
$12,001
6%
Views
12
Current Estimated Value
$211,335

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$665
Avg. Annual Appreciation
-1.16%
Original Mortgage
$148,400
Interest Rate
6.65%
Mortgage Type
Construction

Purchase Details

Listed on
Dec 12, 2024
Closed on
Mar 25, 2025
Sold by
Schwartz Jochanan
Bought by
Schwartz Jochanan
Seller's Agent
Justin Kelly
OMNI Real Estate Professionals
Buyer's Agent
Natalie Tyson
Tesla Realty Group LLC
List Price
$199,999
Sold Price
$212,000
Premium/Discount to List
$12,001
6%
Views
12

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,400
Interest Rate
6.65%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 13, 2019
Sold by
Friedman Pinchus and Friedman Shaindy
Bought by
Morrow Brian L

Purchase Details

Closed on
Aug 1, 2007
Sold by
Smith David
Bought by
Delavue Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,382
Interest Rate
6.24%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 6, 2006
Sold by
Nelson Elizabeth M
Bought by
Smith David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,625
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 11, 2003
Sold by
Nelson William H and Nelson Elizabeth M
Bought by
Nelson Elizabeth M

Purchase Details

Closed on
Jan 30, 2002
Sold by
Boynes Sonja
Bought by
Nelson William H and Nelson Elizabeth M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,750
Interest Rate
7.13%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 4, 1999
Sold by
Boynes Eva and Boynes David C
Bought by
Boynes Eva

Purchase Details

Closed on
Oct 24, 1997
Sold by
Munyan Edith and Boynes David C
Bought by
Boynes Eva
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Bargain Sale Deed $212,000 Fidelity National Title
Bargain Sale Deed $212,000 Fidelity National Title
Quit Claim Deed -- Fidelity National Title
Quit Claim Deed -- Fidelity National Title
Deed $95,000 None Available
Deed -- --
Deed $125,000 Commonwealth Land Title Insu
Interfamily Deed Transfer $63,000 Congress Title Corp
Executors Deed $55,000 --
Interfamily Deed Transfer -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $148,400 Construction
Previous Owner $116,382 Unknown
Previous Owner $113,625 Purchase Money Mortgage
Previous Owner $13,750 Stand Alone Second
Previous Owner $41,250 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2025 03/14/25 Sold $212,000 +6.0% $118 / Sq Ft
12/22/2024 12/22/24 Pending -- -- --
12/12/2024 12/12/24 For Sale $199,999 +100.0% $111 / Sq Ft
03/08/2022 03/08/22 Sold $100,000 -9.1% $56 / Sq Ft
11/17/2021 11/17/21 Price Changed $110,000 0.0% $61 / Sq Ft
11/17/2021 11/17/21 For Sale $110,000 +10.0% $61 / Sq Ft
11/11/2021 11/11/21 Off Market $100,000 -- --
08/18/2021 08/18/21 For Sale $115,000 +15.0% $64 / Sq Ft
08/11/2021 08/11/21 Off Market $100,000 -- --
06/15/2021 06/15/21 For Sale $125,000 +31.6% $69 / Sq Ft
01/13/2020 01/13/20 Sold $95,000 -5.0% $53 / Sq Ft
10/01/2019 10/01/19 Pending -- -- --
09/05/2019 09/05/19 Price Changed $100,000 -13.0% $56 / Sq Ft
07/08/2019 07/08/19 For Sale $115,000 +15.0% $64 / Sq Ft
11/03/2016 11/03/16 Sold $100,000 -16.7% $56 / Sq Ft
07/13/2016 07/13/16 Pending -- -- --
07/13/2016 07/13/16 For Sale $120,000 -- $67 / 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 $4,578 $128,600 $23,600 $105,000
2023 $4,578 $128,600 $23,600 $105,000
2022 $4,308 $128,600 $23,600 $105,000
2021 $4,267 $128,600 $23,600 $105,000
2020 $4,304 $128,600 $23,600 $105,000
2019 $4,340 $128,600 $23,600 $105,000
2018 $3,653 $116,000 $30,100 $85,900
2017 $3,406 $116,000 $30,100 $85,900
2016 $3,746 $132,400 $30,300 $102,100
2015 $3,571 $132,400 $30,300 $102,100
2014 $3,380 $132,400 $30,300 $102,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJSA142232

Bright MLS

APN: 02-00039-0000-00006-04