NOT LISTED FOR SALE

Estimated Value: $337,000 - $386,000

4 Beds
4 Baths
-- Sq Ft
0.54 Acres

Last Sold January 14, 2022

Last sale price $235,000

Est. 54% increase in value since last sale

Current estimated payment $2,329/month

149 Days on Market

Highlights

  • 0.54 Acre Lot
  • Wall to Wall Carpet
  • 1-Story Property
  • Forced Air Heating and Cooling System

About This Home

As of January 2022

Welcome to an investor's dream situation! A duplex that is an income producing property! There are two tenants securely in place. Each unit is 2 bedrooms and 2 baths. Spacious family room, dining room and kitchen. Patio in the backyard. Being sold AS-IS. A great rental investment w/ tremendous positive cash flow. Both units are occupied, each tenant pays $1150 plus utilities and the meters are separate. Both need to confirm showings.

Last Agent to Sell the Property

Caroline Garguilo

Keller Williams Realty Central Monmouth License #0679951 Listed on: 12/02/2021

Keller Williams Realty Central Monmouth

Last Buyer's Agent

Caroline Garguilo

GMAC Blue Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,471

Year Built

  • Built in 1987

Lot Details

  • 0.54 Acre Lot

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Crawl Space
  • Dishwasher
  • Washer

Flooring

  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • No Garage
  • Paved Parking

Schools

  • Pinelands Regional High School

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Unit #10: dryer, code doorknob, shed; Unit #12: washer, dryer, micro
  • Tenant pays for yard maintenance, water, sewer, gas, electricity
  • Assessor Parcel Number 17-00285-0000-00023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,471

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Subdivision Name: None
  • Reso Flooring: W/W Carpet, Laminate
  • New Construction: No
  • Year Built: 1987
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Garage None4: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Dishwasher4: Yes
  • Floors Laminate2: Yes
  • Unit 2 Dishwasher3: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Stories: 1
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.54
  • Waterfront: No
  • Exclusions: Unit #10: dryer, code doorknob, shed; Unit #12: washer, dryer, micro
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Paved, None
  • General Property Info:Garage: No
  • Parking:Paved2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Lot Info

  • Lot Size Sq Ft: 23522.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 17-00285-0000-00023
  • Zoning Description: Residential, Multi-Family
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Yard Maintenance, Water, Sewer, Gas, Electricity

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 4471.0
  • Tax Other Annual Assessment Amount: 168700.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • High School: Pinelands Regional

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2021
Closed on
Jan 10, 2022
Sold by
Brady Richard M
Bought by
Gomez Adrian and Gomez Lesly
Seller's Agent
Caroline Garguilo
Keller Williams Realty Central Monmouth
Buyer's Agent
Caroline Garguilo
GMAC Blue Realty
List Price
$265,000
Sold Price
$235,000
Premium/Discount to List
-$30,000
-11.32%
Current Estimated Value
$362,079

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,079
Avg. Annual Appreciation
11.82%
Original Mortgage
$176,250
Outstanding Balance
$162,436
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$199,643

Purchase Details

Closed on
Jul 27, 2004
Sold by
Pamn Realty Inc
Bought by
Brady Richard M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,080
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage
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
Gomez Adrian $235,000 Fidelity National Title
Brady Richard M $170,100 None Available
Pamn Realty Inc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gomez Adrian $176,250
Previous Owner Pamn Realty Inc $136,080
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/14/2022 01/14/22 Sold $235,000 -5.6% --
12/22/2021 12/22/21 Pending -- -- --
12/02/2021 12/02/21 Price Changed $249,000 -6.0% --
12/02/2021 12/02/21 For Sale $265,000 0.0% --
10/18/2021 10/18/21 Pending -- -- --
10/01/2021 10/01/21 For Sale $265,000 0.0% --
08/11/2021 08/11/21 Pending -- -- --
07/26/2021 07/26/21 For Sale $265,000 -- --
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $4,999 $168,700 $68,400 $100,300
2024 $4,789 $168,700 $68,400 $100,300
2023 $4,639 $168,700 $68,400 $100,300
2022 $4,639 $168,700 $68,400 $100,300
2021 $4,530 $168,700 $68,400 $100,300
2020 $4,471 $168,700 $68,400 $100,300
2019 $4,753 $186,900 $68,400 $118,500
2018 $4,482 $186,900 $68,400 $118,500
2017 $4,413 $186,900 $68,400 $118,500
2016 $4,448 $186,900 $68,400 $118,500
2015 $4,139 $171,800 $68,400 $103,400
2014 $3,126 $163,600 $60,200 $103,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22124427

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 17-00285-0000-00023