NOT LISTED FOR SALE

122 Willow Turn Mount Laurel, NJ 08054

Estimated Value: $333,804 - $558,000

Studio
-- Bath
2,204 Sq Ft
$196/Sq Ft Est. Value

Sale Details

Date Sold: November 14, 2012

Last sale price $231,500 $105 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $2,809 / mo

149 Days on Market

Highlights

  • No HOA
  • 1 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Lenape High School Rated A-
  • Parking Storage or Cabinetry
  • Wall to Wall Carpet

About This Home

As of November 2012

Cash Flow Positive right out of the shoot. Great turn key investment in the Larchmont section of Mt. Laurel. Development is almost exclusively duplexes. Unit A has 2 bedrooms, 2 full baths rent is $925/mo.; unit B has 3 bedrooms, 2 full baths rents for $1,350/mo. Carpet & tile throughout, Laundry room w/washer & dryer in each unit. Both units have updated appliances. Landlord pays water/sewer, no HOA fees. Current owner is retiring. One tenant currently pays by direct deposit and both tenants have one year leases. Less then 5% vacancy since 2001. One of the best rental areas in Burlington Co., close to route 295, NJTP, Route 73, Shopping, Larchmont swimming pool and more! Each unit has a one car garage with electric door openers and ample off street parking. 2 other duplexes for sale in same development (see MLS # 6056029 & 6055984). Will consider selling individual units, call to ask for pricing. Call agent for first full year cash flow and ROI analysis.

Last Agent to Sell the Property

Jason Gareau

(856) 983-2888 rmichaud@weichertrealtors.net Weichert Realtors-Medford Listed on: 05/11/2012

Weichert Realtors-Medford

Last Buyer's Agent

Jason Gareau

(856) 983-2888 rmichaud@weichertrealtors.net Weichert Realtors-Medford Listed on: 05/11/2012

Weichert Realtors-Medford

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,461

Year Built

  • Built in 1978

Lot Details

  • 6,536 Sq Ft Lot
  • Lot Dimensions are 38x172
  • Property is in good condition

Parking

  • 1 Car Attached Garage
  • 3 Open Parking Spaces
  • Parking Storage or Cabinetry
  • Driveway

Home Design

  • Duplex
  • Brick Exterior Construction
  • Pitched Roof
  • Shingle Roof
  • Aluminum Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,204 Sq Ft Home
  • Wall to Wall Carpet
  • Storage In Attic
  • Laundry in unit
  • Unfinished Basement

Schools

  • Larchmont Elementary School
  • Mount Laurel Hartford Middle School

Utilities

  • Forced Air Heating and Cooling System
  • Back Up Electric Heat Pump System
  • Underground Utilities
  • 100 Amp Service
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 00012
  • Assessor Parcel Number 24-00303 01-00012

Community Details

Overview

  • No Home Owners Association

Building Details

  • Insurance Expense $690
  • Maintenance Expense $250
  • Other Expense $114
  • Operating Expense $7,967

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,461

Year Built

Built in 1978

Lot Details

6,536 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Other Expense: 114.00
  • Storage: Attic, Garage
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Flooring Type: Fully Carpeted
  • Fireplace: No
  • Entry Location: Private
  • Foundation Details: Concrete Perimeter
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Unfinished
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 2204
  • Living Area Sq Ft: 2204
  • Price Per Sq Ft: 112.07
  • Above Grade Finished Sq Ft: 2204
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding, Brick
  • Construction Completed: No
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Pitched, 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: 3
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Electric Service: Underground, 100 Amp Service
  • Heating Type: Heat Pump - Electric Backup, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 2452.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • Elementary School: LARCHMONT
  • Middle Or Junior School: MOUNT LAUREL HARTFORD SCHOOL

Lot Info

  • Improvement Assessed Value: 79500.00
  • Land Assessed Value: 25000.00
  • Lot Size Acres: 0.15
  • Lot Dimensions: 38X172
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6536.00
  • Property Condition: Good
  • Zoning: RESID

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 27300.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1696536
  • Tax Annual Amount: 4461.00
  • Assessor Parcel Number: 24-00303 01-00012
  • Tax Lot: 00012
  • Tax Year: 2011

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
May 11, 2012
Closed on
Nov 2, 2012
Sold by
Bought by
Seller's Agent
Jason Gareau
Weichert Realtors-Medford
Buyer's Agent
Jason Gareau
Weichert Realtors-Medford
List Price
$247,000
Sold Price
$231,500
Premium/Discount to List
-$15,500
-6.28%
Current Estimated Value
$426,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,010
Avg. Annual Appreciation
4.69%

Purchase Details

Closed on
May 30, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,300
Interest Rate
0.0708%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
$231,500 Infinity Title Agency Inc
$127,000 --
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
Closed $114,300
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
11/14/2012 11/14/12 Sold $231,500 -6.3% $105 / Sq Ft
10/07/2012 10/07/12 Pending -- -- --
05/11/2012 05/11/12 For Sale $247,000 -- $112 / Sq Ft
Source: Bright MLS

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 $6,070 $180,600 $40,300 $140,300
2025 $6,070 $180,600 $40,300 $140,300
2024 $5,487 $180,600 $40,300 $140,300
2023 $5,487 $180,600 $40,300 $140,300
2022 $5,469 $180,600 $40,300 $140,300
2021 $5,366 $180,600 $40,300 $140,300
2020 $5,261 $180,600 $40,300 $140,300
2019 $5,207 $180,600 $40,300 $140,300
2018 $5,167 $180,600 $40,300 $140,300
2017 $5,033 $180,600 $40,300 $140,300
2016 $4,957 $180,600 $40,300 $140,300
2015 $4,900 $180,600 $40,300 $140,300
2014 $4,851 $180,600 $40,300 $140,300
Source: Public Records

Agents Affiliated with this Home

  • Jason Gareau

    Seller's Agent in 2012

    Jason Gareau

    Weichert Corporate

    (609) 929-4486

    239 Total Sales

    Jason Gareau
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Map

Source: Bright MLS

MLS Number: 1003966982

Bright MLS

APN: 24-00303-01-00012

New Jersey Burlington County Mount Laurel 08054

122 Willow Turn, Mount Laurel, NJ

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