NOT LISTED FOR SALE

121 Throop Ave New Brunswick, NJ 08901

Estimated Value: $510,000 - $597,000

7 Beds
3 Baths
-- Sq Ft
2,483 Sq Ft Lot

Last Sold September 19, 2023

Last sale price $476,000

Est. 12% increase in value since last sale

Current estimated payment $3,554/month

96 Days on Market

About This Home

As of September 2023

Located in the heart of New Brunswick, you will not want to miss out on this turn-key two-family home! Meticulously maintained, this home features renovations of the 2nd and 3rd floors. The first unit has three bedrooms complete with a full bath, living room, eat-in-kitchen and direct access to the basement and rear yard. Unit two boasts four bedrooms, a living room, an oversized kitchen, and two full bathrooms. Both units are currently leased by long-term tenants in good standing, generating over $3,700 per month. Each unit has newer furnaces as well as separate gas/electric meters paid by the tenant(s). This is a great opportunity for an investor looking to build a rental portfolio or a 1st time home buyer looking to generate passive income. Located close to major highways, mass transit, Rutgers University, and across the street from the upcoming Feaster Park that will include numerous amenities including new playing fields, gardens, a fitness court, and top-of-the-line playgrounds. Don't miss out!

Last Agent to Sell the Property

Realtor Green

CENTURY 21 GLORIA ZASTKO REALT Listed on: 06/14/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,038

Year Built

  • Built in 1920

Lot Details

  • 2,483

Parking

  • On-Street Parking

Home Design

  • Asphalt Roof

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage
  • Natural lighting in basement

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • Window Unit Cooling System
  • Heating Available
  • Furnace
  • Gas Water Heater

Additional Features

  • 3-Story Property
  • Lot Dimensions are 25.00 x 100.00

Community Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Listing and Financial Details

  • The owner pays for unit 1 owner pays(water), unit 2 owner pays(water)

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,038

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size: 25.00 x 100.00
  • Ownership: Fee Simple
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1920
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Water Heater(Gas), Water Heater, Unit 1(Range/Oven,Refrigerator), Unit 2(Range/Oven,Refrigerator)
  • Owner Pays: Unit 1 Owner Pays(Water), Unit 2 Owner Pays(Water)
  • Has Basement: Full, Daylight, Storage Space
  • Full Bathrooms: 3
  • Total Bedrooms: 7
  • Interior Amenities: Unit 1(3 Bedrooms,Kitchen,1 Bath,Living Room), Unit 2(4 Bedrooms,Kitchen,Living Room,2+ Baths)
  • Stories: 3

Exterior Features

  • Lot Features: Near Public Transit, Near Shopping, Near Train, See Remarks
  • Roof: Asphalt

Garage/Parking

  • Parking Features: On Street

Utilities

  • Gas Company: Natural Gas
  • Cooling: A/C Window Unit(s)
  • Heating: Separate Furnaces
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Tax Info

  • Tax Annual Amount: 7038
  • Tax Year: 2022

Multi Family

  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2023
Closed on
Aug 22, 2023
Sold by
Rahman Brima A and Rahman Lynette
Bought by
Shah Saimali
Seller's Agent
Realtor Green
CENTURY 21 GLORIA ZASTKO REALT
List Price
$420,000
Sold Price
$476,000
Premium/Discount to List
$56,000
13.33%
Views
104
Current Estimated Value
$535,044

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,044
Avg. Annual Appreciation
5.78%
Original Mortgage
$357,000
Outstanding Balance
$350,102
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$178,599

Purchase Details

Closed on
Dec 8, 2000
Sold by
Howard Clifford
Bought by
Brimma Rahman and Rahman Lynette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,350
Interest Rate
7.7%
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
Shah Saimali $476,000 Clear To Close Title
Brimma Rahman $108,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shah Saimali $357,000
Previous Owner Brimma Rahman $97,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2023 09/19/23 Sold $476,000 +13.3% --
06/14/2023 06/14/23 For Sale $420,000 -- --
Source: All Jersey 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 $7,192 $282,800 $71,300 $211,500
2023 $7,192 $282,800 $71,300 $211,500
2022 $7,039 $282,800 $71,300 $211,500
2021 $5,222 $282,800 $71,300 $211,500
2020 $6,985 $282,800 $71,300 $211,500
2019 $6,852 $282,800 $71,300 $211,500
2018 $6,697 $282,800 $71,300 $211,500
2017 $6,431 $282,800 $71,300 $211,500
2016 $5,215 $88,900 $22,500 $66,400
2015 $5,090 $88,900 $22,500 $66,400
2014 $5,000 $88,900 $22,500 $66,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2313368R

All Jersey MLS

APN: 13-00190-0000-00007