123 W Foundry St Millville, NJ 08332
Estimated payment $871/month
Total Views
6,706
3
Beds
1
Bath
1,128
Sq Ft
$106
Price per Sq Ft
Highlights
- Colonial Architecture
- No HOA
- Forced Air Heating System
About This Home
Opportunity knocks at 123 W Foundry Street! This 3-bedroom, 1-bathroom twin home offers 1,128 square feet of potential in a rapidly appreciating Millville neighborhood. Whether you're a first-time homebuyer ready to put in short-term sweat equity for long term gains or an investor looking for strong rental returns, this property delivers. With market rents for 3-bedroom homes nearing $2,000/month and annual taxes just under $2,500, the cash flow possibilities are impressive. Most pro forma calculations show a 12%+ cap rate potential and over 22%-25% cash on cash return with financing. This isn't possible in virtually any other asset class, and that's just from cash flow. Enter in appreciation, tax and interest deductions, and depreciation returns and the numbers are unbelievable. What's more, comparable renovated homes are selling for close to $200,000, making this a smart play for value-minded buyers. Whether you're buying responsibly as a primary homeowner, or as a savvy investor, don't miss your chance to secure this special find—act now and position yourself for long-term gains!
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $2,476
Year Built
- Built in 1912
Lot Details
- 3,100 Sq Ft Lot
- Lot Dimensions are 25.00 x 124.00
Parking
- On-Street Parking
Home Design
- Semi-Detached or Twin Home
- Colonial Architecture
- Stone Foundation
- Frame Construction
Interior Spaces
- 1,128 Sq Ft Home
- Property has 2 Levels
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Utilities
- Forced Air Heating System
- Heating System Uses Oil
- Municipal Trash
Community Details
- No Home Owners Association
- None Available. Subdivision
Listing and Financial Details
- Tax Lot 00006
- Assessor Parcel Number 10-00285-00006
Map
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Home Values in the Area
Average Home Value in this Area
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 | $2,477 | $63,100 | $12,800 | $50,300 |
| 2023 | $2,456 | $63,100 | $12,800 | $50,300 |
| 2022 | $2,392 | $63,100 | $12,800 | $50,300 |
| 2021 | $2,315 | $63,100 | $12,800 | $50,300 |
| 2020 | $2,276 | $63,100 | $12,800 | $50,300 |
| 2019 | $2,171 | $63,100 | $12,800 | $50,300 |
| 2018 | $2,126 | $63,100 | $12,800 | $50,300 |
| 2017 | $2,106 | $63,100 | $12,800 | $50,300 |
| 2016 | $2,080 | $63,100 | $12,800 | $50,300 |
| 2015 | $2,033 | $63,100 | $12,800 | $50,300 |
| 2014 | $2,037 | $63,100 | $12,800 | $50,300 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/03/2025 07/03/25 | Price Changed | $120,000 | -4.0% | $106 / Sq Ft |
| 06/11/2025 06/11/25 | Price Changed | $125,000 | -7.4% | $111 / Sq Ft |
| 06/05/2025 06/05/25 | For Sale | $135,000 | +187.8% | $120 / Sq Ft |
| 08/18/2021 08/18/21 | Sold | $46,900 | 0.0% | $42 / Sq Ft |
| 07/22/2021 07/22/21 | Pending | -- | -- | -- |
| 07/09/2021 07/09/21 | For Sale | $46,900 | -- | $42 / Sq Ft |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $76,800 | Pittman Title & Escrow | |
| Warranty Deed | $46,900 | None Available | |
| Sheriffs Deed | -- | Misc Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $142,500 | Construction | |
| Closed | $142,500 | Construction |
Source: Public Records
Similar Homes in Millville, NJ
Source: Bright MLS
MLS Number: NJCB2024582
APN: 10-00285-0000-00006
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