Seller's Agent in 2024
Jersey Joe Wanamaker
Keller Williams Realty - Moorestown
(856) 316-1100
2 in this area
37 Total Sales
1226 Magnolia Ave Camden, NJ 08103
Parkside Neighborhood
3
Beds
1.5
Baths
1,454
Sq Ft
1,568
Sq Ft Lot
Highlights
- Straight Thru Architecture
- No HOA
- Property is in excellent condition
- Furnished
- Forced Air Heating and Cooling System
- 4-minute walk to Farnham Park
About This Home
As of November 2024Discover a prime CASH FLOWING INVESTMENT OPPORTUNITY! with "The Horn of Plenty" on Magnolia Ave , a tenant-occupied property generating steady income. This traditional brick townhouse, a staple of Camden’s Parkside historic charm, offers immediate landlord potential with an $800/month paying tenant whose lease is secure until December 31st, 2024.
Key Features:
Tenant Occupied: Enjoy immediate rental income from reliable tenants who consistently pay on time.
Recent Updates: New flooring, a modern hot water heater, furnace, and updated roof and gutters ensure minimal maintenance costs.
Spacious Layout: The home boasts 3 bedrooms and 1.5 bathrooms, offering ample space for tenants. The finished basement provides extra living or storage space.
Charming Interior: Warm, chestnut-like flooring and a cozy interior create an inviting atmosphere that tenants love.
Outdoor Space: A spacious backyard offers room for relaxation or further enhancement to increase property value.
Potential for Modernization: While the home is move-in ready, there’s still room for additional renovations to increase its appeal and rental value.
Perfect for investors looking to step into a stable rental market with a property that has both historical charm and modern comforts. Don't miss this chance to expand your portfolio with a property that promises both immediate returns and long-term value.
Essentially Estate Sale. Buyer's are responsible of obtaining CCO and Fire Certification from the City of Camden.
Last Agent to Sell the Property
(856) 316-1100 jerseyjoerealtor@gmail.com Keller Williams Realty - Moorestown License #2187025 Listed on: 09/04/2024
Last Buyer's Agent
(856) 381-9175 1greatchoice2@gmail.com Adhere Real Estate Services, LLC License #0895981
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $2,883
Year Built
- Built in 1920
Lot Details
- 1,568 Sq Ft Lot
- Lot Dimensions are 16.00 x 0.00
- Property is in excellent condition
Home Design
- Semi-Detached or Twin Home
- Straight Thru Architecture
- Flat Roof Shape
- Brick Exterior Construction
- Brick Foundation
Interior Spaces
- 1,454 Sq Ft Home
- Property has 2 Levels
- Furnished
- Laminate Flooring
- Partially Finished Basement
- Laundry in Basement
Bedrooms and Bathrooms
- 3 Bedrooms
Parking
- Driveway
- On-Street Parking
Utilities
- Forced Air Heating and Cooling System
- Cooling System Utilizes Natural Gas
- 150 Amp Service
- Natural Gas Water Heater
- No Septic System
Listing and Financial Details
- Tax Lot 00099
- Assessor Parcel Number 08-01271-00099
Community Details
Overview
- No Home Owners Association
- Parkside Subdivision
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 4, 2024
Closed on
Nov 1, 2024
Sold by
Smith Thomas H
Bought by
Pinnacle Estate Management Llc
Seller's Agent
Jersey Joe Wanamaker
Keller Williams Realty - Moorestown
Buyer's Agent
Judith Younger, Ed.S.
Adhere Real Estate Services, LLC
List Price
$170,000
Sold Price
$150,000
Premium/Discount to List
-$20,000
-11.76%
Views
71
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,727
Avg. Annual Appreciation
24.09%
Purchase Details
Closed on
Dec 18, 2014
Sold by
Lewis Hewell F and Hunter Saundra
Bought by
Smith Thomas H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
3.99%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Executors Deed | $140,000 | Homestead Title | |
| Executors Deed | $140,000 | Homestead Title | |
| Executors Deed | $140,000 | Homestead Title | |
| Bargain Sale Deed | $70,000 | Surety Title Co Llc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $56,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/22/2024 11/22/24 | Sold | $150,000 | 0.0% | $103 / Sq Ft |
| 10/16/2024 10/16/24 | Pending | -- | -- | -- |
| 10/09/2024 10/09/24 | Price Changed | $150,000 | -11.8% | $103 / Sq Ft |
| 09/04/2024 09/04/24 | For Sale | $170,000 | -- | $117 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $2,983 | $84,200 | $11,100 | $73,100 |
| 2024 | $2,884 | $84,200 | $11,100 | $73,100 |
| 2023 | $2,884 | $84,200 | $11,100 | $73,100 |
| 2022 | $2,830 | $84,200 | $11,100 | $73,100 |
| 2021 | $2,679 | $84,200 | $11,100 | $73,100 |
| 2020 | $2,678 | $84,200 | $11,100 | $73,100 |
| 2019 | $2,564 | $84,200 | $11,100 | $73,100 |
| 2018 | $2,550 | $84,200 | $11,100 | $73,100 |
| 2017 | $2,488 | $84,200 | $11,100 | $73,100 |
| 2016 | $2,409 | $84,200 | $11,100 | $73,100 |
| 2015 | $2,069 | $84,200 | $11,100 | $73,100 |
| 2014 | $2,013 | $84,200 | $11,100 | $73,100 |
Source: Public Records
Agents Affiliated with this Home
-
Jersey Joe Wanamaker
-
Judith Younger, Ed.S.
Buyer's Agent in 2024
Judith Younger, Ed.S.
Adhere Real Estate Services, LLC
(856) 381-9175
1 in this area
13 Total Sales
Map
Source: Bright MLS
MLS Number: NJCD2075400
APN: 08-01271-0000-00099
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