NOT LISTED FOR SALE

123 Rancocas Ave Riverside, NJ 08075

Riverside Township Neighborhood

Estimated Value: $252,000 - $303,000

-- Bed
-- Bath
1,652 Sq Ft
$169/Sq Ft Est. Value

Last Sold June 11, 2021

Last sale price $175,194 $106 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $2,042/month

11 Days on Market

Highlights

  • No HOA
  • Ceiling Fan
  • Hot Water Baseboard Heater
  • 1 Car Detached Garage
  • Dwelling with Rental

About This Home

As of June 2021

Cash cow multi-family on the avenues in Riverside. Combined rents $2,250. Perfect for an investor or owner occupant. Perched on a large lot with wrap-around covered porch and detached garage. Two units, a one-bedroom, and a two-bedroom. The first-floor unit has a hip open floor plan with a large bedroom with original pocket doors. The second floor features a large east-facing family room with natural light and an eat-in kitchen. One bedroom on the main level and one bedroom up. Detached garage and plenty of off-street parking. Owner occupant would enjoy second unit rent covering nearly all principal interest for the building. Could be converted to a single-family is weathertight and all systems operating. The owner will get CO, the sale is “as is”.

Last Agent to Sell the Property

Michael Mayo

RE/MAX of Long Beach Island Listed on: 04/25/2021

Last Buyer's Agent

Paul Tursi

RE/MAX ONE Realty-Moorestown License #8834783

RE/MAX ONE Realty-Moorestown

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,690

Year Built

  • Built in 1915

Lot Details

  • 8,000 Sq Ft Lot
  • Lot Dimensions are 50.00 x 160.00

Parking

  • 1 Car Detached Garage
  • 3 Driveway Spaces
  • On-Street Parking

Home Design

  • Duplex
  • Dwelling with Rental
  • Frame Construction

Interior Spaces

  • 1,652 Sq Ft Home
  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Utilities

  • Window Unit Cooling System
  • Hot Water Baseboard Heater
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00016
  • Assessor Parcel Number 30-01003-00016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,690

Year Built

Built in 1915

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Dwelling With Rental
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1915
  • Automatically Close On Close Date: No
  • Remarks Public: Cash cow multi-family on the avenues in Riverside. Combined rents $2,250. Perfect for an investor or owner occupant. Perched on a large lot with wrap-around covered porch and detached garage. Two units, a one-bedroom, and a two-bedroom. The first-floor unit has a hip open floor plan with a large bedroom with original pocket doors. The second floor features a large east-facing family room with natural light and an eat-in kitchen. One bedroom on the main level and one bedroom up. Detached garage and plenty of off-street parking. Owner occupant would enjoy second unit rent covering nearly all principal interest for the building. Could be converted to a single-family is weathertight and all systems operating. The owner will get CO, the sale is “as is”.
  • Special Features: VirtualTour

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1652
  • Living Area Sq Ft: 1652
  • Price Per Sq Ft: 96.79
  • Above Grade Finished Sq Ft: 1652
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 123

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • 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
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Detached Garage, Driveway, On Street
  • Number of Spaces in Driveway: 3

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: RIVERSIDE TOWNSHIP PUBLIC SCHOOLS
  • School District Key: 300200396961
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 101200.00
  • Land Assessed Value: 48300.00
  • Lot Size Acres: 0.18
  • Lot Dimensions: 50.00 x 160.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8000.00
  • Year Assessed: 2020
  • Zoning: RESIDENTIAL

Rental Info

  • Ground Rent Exists: No
  • Rent Control: No
  • Total Actual Rent: 27000.00
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1731175
  • Tax Annual Amount: 5690.00
  • Assessor Parcel Number: 30-01003-00016
  • Tax Lot: 00016
  • Tax Total Finished Sq Ft: 1652
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 06/11/2021

MLS Schools

  • School District Name: RIVERSIDE TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2021
Closed on
Jun 11, 2021
Sold by
Mayo James
Bought by
Martins Jacinto Rafael Carvalho
Seller's Agent
Michael Mayo
RE/MAX of Long Beach Island
Buyer's Agent
Paul Tursi
RE/MAX ONE Realty-Moorestown
List Price
$159,900
Sold Price
$175,194
Premium/Discount to List
$15,294
9.56%
Current Estimated Value
$280,985

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,791
Avg. Annual Appreciation
12.45%
Original Mortgage
$140,155
Outstanding Balance
$128,266
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$157,815

Purchase Details

Closed on
Jul 13, 2001
Sold by
Isolda Richard A
Bought by
Mayo James

Purchase Details

Closed on
Oct 2, 1997
Sold by
Isolda Domenick A
Bought by
Isolda Richard A
Source: Public Records

Range of Values:

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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
Martins Jacinto Rafael Carvalho $175,194 S&H Abstract Co
Mayo James $57,000 Penntitle Inc
Isolda Richard A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martins Jacinto Rafael Carvalho $140,155
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2021 06/11/21 Sold $175,194 +9.6% $106 / Sq Ft
05/06/2021 05/06/21 Pending -- -- --
04/25/2021 04/25/21 For Sale $159,900 -- $97 / Sq Ft
Source: Bright 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
2025 $6,135 $149,500 $48,300 $101,200
2024 $5,979 $149,500 $48,300 $101,200
2023 $5,979 $149,500 $48,300 $101,200
2022 $5,854 $149,500 $48,300 $101,200
2021 $5,690 $149,500 $48,300 $101,200
2020 $5,690 $149,500 $48,300 $101,200
2019 $5,603 $149,500 $48,300 $101,200
2018 $6,139 $164,800 $47,900 $116,900
2017 $5,974 $164,800 $47,900 $116,900
2016 $5,752 $164,800 $47,900 $116,900
2015 $5,641 $164,800 $47,900 $116,900
2014 $5,391 $164,800 $47,900 $116,900
Source: Public Records

Agents Affiliated with this Home

  • Michael Mayo

    Seller's Agent in 2021

    Michael Mayo

    RE/MAX

    (713) 449-6498

    4 in this area

    24 Total Sales

    Section Image
  • Paul Tursi

    Buyer's Agent in 2021

    Paul Tursi

    RE/MAX

    (856) 905-0507

    14 in this area

    63 Total Sales

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Map

Source: Bright MLS

MLS Number: NJBL396244

Bright MLS

APN: 30-01003-0000-00016

New Jersey Burlington County Riverside 08075 Riverside Township

123 Rancocas Ave, Riverside, NJ

This home is located at 123 Rancocas Ave, Riverside, NJ 08075 since 25 April 2021 and is currently estimated at $279,798, approximately $169 per square foot. This property was built in 1915. 123 Rancocas Ave is a home located in Burlington County with nearby schools including Riverside Elementary School, Riverside Middle School, and Riverside High School.

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