Seller's Agent in 2023
Christo Joe
GUARANTEED SALE
(732) 986-0011
1 in this area
61 Total Sales
123 Larch St Port Reading, NJ 07064
Estimated Value: $551,787 - $764,000
--
Bed
--
Bath
--
Sq Ft
6,599
Sq Ft Lot
Highlights
- Solar Power System
- Porch
- Shed
- Property is near public transit
- Patio
- Attached Carport
About This Home
As of July 2023Rare Investment Opportunity! 3 Family home, getting $5k Rent per month on time. Last unit's lease ends in October 2023. This 6 Bedroom colonial home is great for a fully stand-alone investment property or an owner-occupied homestead with substantial rental income. Second Floor unit is spread over two levels, including three rooms on the first level that can be used as bedrooms, living or dining areas, and a full bathroom and kitchen/dining room. The second level boasts two rooms that can be used as additional bedrooms or living space. First Floor unit features one-bedroom, full bathroom, kitchen, dining room, living room, and an office or sunroom, all with high-end wood interiors and upgraded bathroom. Basement unit offers a studio room, full bathroom, and access to a laundry room/kitchenette. Basement is accessible via a side or front door through the main foyer. Other features include electronic entry, open-air front porch, common entry foyer, 2 car driveway, 1-car breezeway/carport, garage at the rear of the property, a shed, garden area and eased solar. Low maintenance, average maintenance is $500/ month. Basement lease ends in April 23, First floor in September23 and second floor in October 23. If desired, the buyer will have the option to retain the current, highly responsive property management company
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,950
Year Built
- Built in 1916
Lot Details
- 6,599 Sq Ft Lot
- Lot Dimensions are 100.00 x 66.00
- Private Entrance
- Fenced
- Level Lot
Parking
- Attached Carport
Home Design
- Asphalt Roof
Interior Spaces
- 2-Story Property
- Utility Room
- Carpet
- Oven or Range
Finished Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
- Bedroom in Basement
- Finished Basement Bathroom
Home Security
- Storm Screens
- Storm Doors
Eco-Friendly Details
- Solar Power System
Outdoor Features
- Patio
- Shed
- Outdoor Grill
- Porch
Location
- Property is near public transit
- Property is near shops
Utilities
- Forced Air Heating and Cooling System
- Gas Water Heater
Community Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
Listing and Financial Details
- The owner pays for unit 1 owner pays(water), unit 2 owner pays(water), unit 3 owner pays(water)
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 20, 2023
Closed on
Jun 29, 2023
Sold by
Mercer Jonathan Alan
Bought by
Singh Jasneet and Kaur Narinder
Seller's Agent
Christo Joe
GUARANTEED SALE
List Price
$575,000
Sold Price
$625,000
Premium/Discount to List
$50,000
8.7%
Views
348
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
$25,697
Avg. Annual Appreciation
1.87%
Purchase Details
Closed on
Aug 1, 2022
Sold by
Mercer Jonathan Alan
Bought by
Mercer Jonathan Alan
Purchase Details
Closed on
Jan 17, 2008
Sold by
Sundial Developers Llc
Bought by
Mercer John
Purchase Details
Closed on
Mar 1, 2004
Sold by
Mercer John
Bought by
Sundial Developers Llc
Purchase Details
Closed on
Dec 3, 2001
Sold by
Chasey Dennis
Bought by
Mercer John
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.84%
Mortgage Type
Purchase Money Mortgage
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Singh Jasneet | $605,000 | Foundation Title | |
| Singh Jasneet | $605,000 | Foundation Title | |
| Mercer Jonathan Alan | -- | -- | |
| Mercer Jonathan Alan | -- | None Listed On Document | |
| Mercer John | -- | None Available | |
| Sundial Developers Llc | -- | -- | |
| Mercer John | $160,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Mercer John | $209,871 | |
| Previous Owner | Mercer John | $224,000 | |
| Previous Owner | Mercer John | $144,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/21/2023 07/21/23 | Sold | $625,000 | +8.7% | -- |
| 04/20/2023 04/20/23 | For Sale | $575,000 | -- | -- |
Source: All Jersey 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 | $13,270 | $99,600 | $20,600 | $79,000 |
| 2024 | $11,228 | $99,600 | $20,600 | $79,000 |
| 2023 | $11,228 | $86,800 | $20,600 | $66,200 |
| 2022 | $10,950 | $86,800 | $20,600 | $66,200 |
| 2021 | $10,509 | $86,800 | $20,600 | $66,200 |
| 2020 | $10,158 | $86,800 | $20,600 | $66,200 |
| 2019 | $9,869 | $86,800 | $20,600 | $66,200 |
| 2018 | $9,670 | $86,800 | $20,600 | $66,200 |
| 2017 | $9,475 | $86,800 | $20,600 | $66,200 |
| 2016 | $9,380 | $86,800 | $20,600 | $66,200 |
| 2015 | $9,187 | $86,800 | $20,600 | $66,200 |
| 2014 | $8,950 | $86,800 | $20,600 | $66,200 |
Source: Public Records
Agents Affiliated with this Home
-
Christo Joe
Map
Source: All Jersey MLS
MLS Number: 2311188R
APN: 25-01079-17-00007
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